• JPMorgan Chase CEO Jamie Dimon says he wouldn't count on China folding under Trump's tariffs: 'They're not scared, folks.'

    JPMorgan Chase CEO Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday.

    Noam Galai/Getty Images

    2025-06-01T15:39:12Z

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    Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday.
    Dimon said he hoped the US could "get our own act together" amid the US-China trade war.
    Trump said China "violated" its trade agreement with the US this week.

    JPMorgan Chase CEO Jamie Dimon said the United States needs to get its act together on trade — quickly.Dimon discussed the ongoing tension between the United States and China on Friday at the 2025 Reagan National Economic Forum, where he led a fireside chat. When asked what his biggest worry was right now, Dimon pointed to the shifting global geopolitical and economic landscape, including trade."We have problems and we've got to deal with them," Dimon said before referring to "the enemy within."Addressing the "enemy within," he said, includes fixing how the United States approaches permitting, regulation, taxation, immigration, education, and the healthcare system.It also means maintaining important military alliances, he said."China is a potential adversary. They're doing a lot of things well. They have a lot of problems," Dimon said. "What I'm really worried about is us. Can we get our own act together? Our own values, our own capabilities, our own management."Dimon said that if the United States is not the "preeminent military and preeminent economy in 40 years, we will not be the reserve currency. That's a fact."Although Dimon believes the United States is usually resilient, he said things are different this time around."We have to get our act together, and we have to do it very quickly," he said.During the conversation, Dimon spoke about trade deals and encouraged US leaders to engage with China."I just got back from China last week," Dimon said. "They're not scared, folks. This notion that they're going to come bow to America, I wouldn't count on that."Treasury Secretary Scott Bessent disagreed with Dimon during a Sunday appearance on CBS's "Face the Nation.""Jamie is a great banker. I know him well, but I would vociferously disagree with that assessment," Bessent said. "That the laws of economics and gravity apply to the Chinese economy and the Chinese system, just like everyone else."Trump's decision to impose tariffs on numerous countries, including steep tariffs on China, rattled global markets earlier this year. Markets recovered after many countries, including China, began negotiating. But the possibility that tariffs could increase again at any time has investors and economists on edge.On Friday, for instance, in a Truth Social post, Trump accused China of violating the two countries' trade agreement. That same day, Trump said he planned to increase tariffs on steel imports from 25% to 50%."We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States. Nobody's going to get around that," Trump said during a rally near Pittsburgh.Representatives for JPMorgan Chase declined to comment.
    #jpmorgan #chase #ceo #jamie #dimon
    JPMorgan Chase CEO Jamie Dimon says he wouldn't count on China folding under Trump's tariffs: 'They're not scared, folks.'
    JPMorgan Chase CEO Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday. Noam Galai/Getty Images 2025-06-01T15:39:12Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday. Dimon said he hoped the US could "get our own act together" amid the US-China trade war. Trump said China "violated" its trade agreement with the US this week. JPMorgan Chase CEO Jamie Dimon said the United States needs to get its act together on trade — quickly.Dimon discussed the ongoing tension between the United States and China on Friday at the 2025 Reagan National Economic Forum, where he led a fireside chat. When asked what his biggest worry was right now, Dimon pointed to the shifting global geopolitical and economic landscape, including trade."We have problems and we've got to deal with them," Dimon said before referring to "the enemy within."Addressing the "enemy within," he said, includes fixing how the United States approaches permitting, regulation, taxation, immigration, education, and the healthcare system.It also means maintaining important military alliances, he said."China is a potential adversary. They're doing a lot of things well. They have a lot of problems," Dimon said. "What I'm really worried about is us. Can we get our own act together? Our own values, our own capabilities, our own management."Dimon said that if the United States is not the "preeminent military and preeminent economy in 40 years, we will not be the reserve currency. That's a fact."Although Dimon believes the United States is usually resilient, he said things are different this time around."We have to get our act together, and we have to do it very quickly," he said.During the conversation, Dimon spoke about trade deals and encouraged US leaders to engage with China."I just got back from China last week," Dimon said. "They're not scared, folks. This notion that they're going to come bow to America, I wouldn't count on that."Treasury Secretary Scott Bessent disagreed with Dimon during a Sunday appearance on CBS's "Face the Nation.""Jamie is a great banker. I know him well, but I would vociferously disagree with that assessment," Bessent said. "That the laws of economics and gravity apply to the Chinese economy and the Chinese system, just like everyone else."Trump's decision to impose tariffs on numerous countries, including steep tariffs on China, rattled global markets earlier this year. Markets recovered after many countries, including China, began negotiating. But the possibility that tariffs could increase again at any time has investors and economists on edge.On Friday, for instance, in a Truth Social post, Trump accused China of violating the two countries' trade agreement. That same day, Trump said he planned to increase tariffs on steel imports from 25% to 50%."We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States. Nobody's going to get around that," Trump said during a rally near Pittsburgh.Representatives for JPMorgan Chase declined to comment. #jpmorgan #chase #ceo #jamie #dimon
    WWW.BUSINESSINSIDER.COM
    JPMorgan Chase CEO Jamie Dimon says he wouldn't count on China folding under Trump's tariffs: 'They're not scared, folks.'
    JPMorgan Chase CEO Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday. Noam Galai/Getty Images 2025-06-01T15:39:12Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday. Dimon said he hoped the US could "get our own act together" amid the US-China trade war. Trump said China "violated" its trade agreement with the US this week. JPMorgan Chase CEO Jamie Dimon said the United States needs to get its act together on trade — quickly.Dimon discussed the ongoing tension between the United States and China on Friday at the 2025 Reagan National Economic Forum, where he led a fireside chat. When asked what his biggest worry was right now, Dimon pointed to the shifting global geopolitical and economic landscape, including trade."We have problems and we've got to deal with them," Dimon said before referring to "the enemy within."Addressing the "enemy within," he said, includes fixing how the United States approaches permitting, regulation, taxation, immigration, education, and the healthcare system.It also means maintaining important military alliances, he said."China is a potential adversary. They're doing a lot of things well. They have a lot of problems," Dimon said. "What I'm really worried about is us. Can we get our own act together? Our own values, our own capabilities, our own management."Dimon said that if the United States is not the "preeminent military and preeminent economy in 40 years, we will not be the reserve currency. That's a fact."Although Dimon believes the United States is usually resilient, he said things are different this time around."We have to get our act together, and we have to do it very quickly," he said.During the conversation, Dimon spoke about trade deals and encouraged US leaders to engage with China."I just got back from China last week," Dimon said. "They're not scared, folks. This notion that they're going to come bow to America, I wouldn't count on that."Treasury Secretary Scott Bessent disagreed with Dimon during a Sunday appearance on CBS's "Face the Nation.""Jamie is a great banker. I know him well, but I would vociferously disagree with that assessment," Bessent said. "That the laws of economics and gravity apply to the Chinese economy and the Chinese system, just like everyone else."Trump's decision to impose tariffs on numerous countries, including steep tariffs on China, rattled global markets earlier this year. Markets recovered after many countries, including China, began negotiating. But the possibility that tariffs could increase again at any time has investors and economists on edge.On Friday, for instance, in a Truth Social post, Trump accused China of violating the two countries' trade agreement. That same day, Trump said he planned to increase tariffs on steel imports from 25% to 50%."We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States. Nobody's going to get around that," Trump said during a rally near Pittsburgh.Representatives for JPMorgan Chase declined to comment.
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  • Oracle invests $40 billion in Nvidia chips to build one of the world's largest data centers

    Forward-looking: Oracle has committed to spending approximately billion on Nvidia's latest high-performance chips to power a massive new data center in Abilene, Texas. The facility will require up to 1.2 gigawatts of power once fully operational and serves as the flagship site of the Stargate project – a billion initiative led by OpenAI and SoftBank to reshape the landscape of AI computing in the United States and beyond.
    The facility will cover eight buildings across 875 acres. Crusoe Energy Systems and Blue Owl Capital raised billion in debt and equity to finance the buildout. JPMorgan played a key role by providing billion in loans, including a recently announced billion tranche.
    When crews complete construction, the Texas facility will be one of the world's largest data centers when it opens in mid-2026. OpenAI has entered into a 15-year lease for the entire campus, which insiders told the Financial Times would run on roughly 400,000 Nvidia GB200 superchips.
    The data center will serve as a critical platform for OpenAI's AI model training and deployment, marking a crucial step in diversifying its computing resources and reducing reliance on Microsoft, its primary infrastructure provider until now.

    The exclusivity agreement between OpenAI and Microsoft concluded earlier this year, as OpenAI's demand for computing power surpassed Microsoft's available capacity. While negotiations continue regarding the duration of Microsoft's licensing rights to OpenAI's models, this development marks a significant shift toward diversified cloud partnerships for the AI leader.
    While Stargate has yet to directly invest capital in any data center beyond the Texas site, its global expansion plans are already taking shape, with additional deployments being considered in Europe and Asia. The scale and speed of these investments underscore the intensifying competition among technology companies and nations to build the backbone for the next generation of artificial intelligence.
    // Related Stories

    The Stargate project is ambitious in scale and vision. Backed by OpenAI, SoftBank, Oracle, and Abu Dhabi's MGX, the group plans to invest up to billion over four years to build a national network of AI supercomputing centers. The first billion will fund up to 20 sites, starting with the Texas facility.

    Sources say that SoftBank and OpenAI will each hold a 40 percent stake in the venture, making them the primary equity holders. Oracle and MGX, a state-owned investment firm from the United Arab Emirates, have committed billion each. SoftBank will oversee finances, while OpenAI leads operations.
    OpenAI and its partners plan to expand Stargate beyond the US, starting with a 10-square-mile AI campus developed alongside Emirati tech firm G42 in Abu Dhabi.
    The site could consume up to 5GW of power – more than four times the Texas center – and eventually house over two million of Nvidia's most advanced chips. The UAE project, announced during President Donald Trump's recent Gulf visit, forms part of OpenAI's "OpenAI for Countries" initiative to help governments build sovereign AI infrastructure.
    Masthead credit: Financial Times
    #oracle #invests #billion #nvidia #chips
    Oracle invests $40 billion in Nvidia chips to build one of the world's largest data centers
    Forward-looking: Oracle has committed to spending approximately billion on Nvidia's latest high-performance chips to power a massive new data center in Abilene, Texas. The facility will require up to 1.2 gigawatts of power once fully operational and serves as the flagship site of the Stargate project – a billion initiative led by OpenAI and SoftBank to reshape the landscape of AI computing in the United States and beyond. The facility will cover eight buildings across 875 acres. Crusoe Energy Systems and Blue Owl Capital raised billion in debt and equity to finance the buildout. JPMorgan played a key role by providing billion in loans, including a recently announced billion tranche. When crews complete construction, the Texas facility will be one of the world's largest data centers when it opens in mid-2026. OpenAI has entered into a 15-year lease for the entire campus, which insiders told the Financial Times would run on roughly 400,000 Nvidia GB200 superchips. The data center will serve as a critical platform for OpenAI's AI model training and deployment, marking a crucial step in diversifying its computing resources and reducing reliance on Microsoft, its primary infrastructure provider until now. The exclusivity agreement between OpenAI and Microsoft concluded earlier this year, as OpenAI's demand for computing power surpassed Microsoft's available capacity. While negotiations continue regarding the duration of Microsoft's licensing rights to OpenAI's models, this development marks a significant shift toward diversified cloud partnerships for the AI leader. While Stargate has yet to directly invest capital in any data center beyond the Texas site, its global expansion plans are already taking shape, with additional deployments being considered in Europe and Asia. The scale and speed of these investments underscore the intensifying competition among technology companies and nations to build the backbone for the next generation of artificial intelligence. // Related Stories The Stargate project is ambitious in scale and vision. Backed by OpenAI, SoftBank, Oracle, and Abu Dhabi's MGX, the group plans to invest up to billion over four years to build a national network of AI supercomputing centers. The first billion will fund up to 20 sites, starting with the Texas facility. Sources say that SoftBank and OpenAI will each hold a 40 percent stake in the venture, making them the primary equity holders. Oracle and MGX, a state-owned investment firm from the United Arab Emirates, have committed billion each. SoftBank will oversee finances, while OpenAI leads operations. OpenAI and its partners plan to expand Stargate beyond the US, starting with a 10-square-mile AI campus developed alongside Emirati tech firm G42 in Abu Dhabi. The site could consume up to 5GW of power – more than four times the Texas center – and eventually house over two million of Nvidia's most advanced chips. The UAE project, announced during President Donald Trump's recent Gulf visit, forms part of OpenAI's "OpenAI for Countries" initiative to help governments build sovereign AI infrastructure. Masthead credit: Financial Times #oracle #invests #billion #nvidia #chips
    WWW.TECHSPOT.COM
    Oracle invests $40 billion in Nvidia chips to build one of the world's largest data centers
    Forward-looking: Oracle has committed to spending approximately $40 billion on Nvidia's latest high-performance chips to power a massive new data center in Abilene, Texas. The facility will require up to 1.2 gigawatts of power once fully operational and serves as the flagship site of the Stargate project – a $500 billion initiative led by OpenAI and SoftBank to reshape the landscape of AI computing in the United States and beyond. The facility will cover eight buildings across 875 acres. Crusoe Energy Systems and Blue Owl Capital raised $15 billion in debt and equity to finance the buildout. JPMorgan played a key role by providing $9.6 billion in loans, including a recently announced $7.1 billion tranche. When crews complete construction, the Texas facility will be one of the world's largest data centers when it opens in mid-2026. OpenAI has entered into a 15-year lease for the entire campus, which insiders told the Financial Times would run on roughly 400,000 Nvidia GB200 superchips. The data center will serve as a critical platform for OpenAI's AI model training and deployment, marking a crucial step in diversifying its computing resources and reducing reliance on Microsoft, its primary infrastructure provider until now. The exclusivity agreement between OpenAI and Microsoft concluded earlier this year, as OpenAI's demand for computing power surpassed Microsoft's available capacity. While negotiations continue regarding the duration of Microsoft's licensing rights to OpenAI's models, this development marks a significant shift toward diversified cloud partnerships for the AI leader. While Stargate has yet to directly invest capital in any data center beyond the Texas site, its global expansion plans are already taking shape, with additional deployments being considered in Europe and Asia. The scale and speed of these investments underscore the intensifying competition among technology companies and nations to build the backbone for the next generation of artificial intelligence. // Related Stories The Stargate project is ambitious in scale and vision. Backed by OpenAI, SoftBank, Oracle, and Abu Dhabi's MGX, the group plans to invest up to $500 billion over four years to build a national network of AI supercomputing centers. The first $100 billion will fund up to 20 sites, starting with the Texas facility. Sources say that SoftBank and OpenAI will each hold a 40 percent stake in the venture, making them the primary equity holders. Oracle and MGX, a state-owned investment firm from the United Arab Emirates, have committed $7 billion each. SoftBank will oversee finances, while OpenAI leads operations. OpenAI and its partners plan to expand Stargate beyond the US, starting with a 10-square-mile AI campus developed alongside Emirati tech firm G42 in Abu Dhabi. The site could consume up to 5GW of power – more than four times the Texas center – and eventually house over two million of Nvidia's most advanced chips. The UAE project, announced during President Donald Trump's recent Gulf visit, forms part of OpenAI's "OpenAI for Countries" initiative to help governments build sovereign AI infrastructure. Masthead credit: Financial Times
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  • Tesla is going all in to finish first in the robotaxi race

    Lloyd Lee/BI

    2025-05-25T10:37:01Z

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    This post originally appeared in the BI Today newsletter.
    You can sign up for Business Insider's daily newsletter here.

    Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. This week, BI's Polly Thompson took an inside look at how artificial intelligence is set to upend a pillar of the white-collar world: the Big Four.On the agenda today:Many millennials face a cursed inheritance with their parents' homes.Internal memos reveal how an ex-Facebook exec leads Microsoft's new AI unit.Losing faith in the ROI of college, Gen Z is pivoting to blue-collar jobs.Wall Street bigwigs are questioning the safety of government bonds. Now what?But first: Tesla's robotaxis are taking the wheel.If this was forwarded to you, sign up here. Download Business Insider's app here.This week's dispatch

    Robin Marchant/Getty, Sean Gallup/Getty, Tyler Le/BI

    Tesla's big betI remain in awe of self-driving cars.I took my first Waymo earlier this year in San Francisco. Like any newbie, I immediately pulled out my phone, recorded the ride, and then gleefully shared videos with friends and family.The market for robotaxis is well beyond the shock and awe phase. For Tesla, the stakes are high to get it right.The EV maker's long-awaited autonomous ride-hailing service is expected to debut next month in Austin. It will join Waymo, owned by Google's parent company Alphabet, which is already entrenched in San Francisco and expanding into other cities.My BI colleagues Lloyd Lee and Alistair Barr tried to see which company offers the better self-driving experience: Tesla or Waymo. They test drove both, expecting the results of their not-so-scientific test to come down to minute details..The results surprised them.While the rides were mostly similar, the differentiator was Tesla running a red light at a complex intersection. It was an error too big to overlook. Waymo won the test.Lloyd and Alistair's story ricocheted around the internet and social media. On Tuesday, CNBC's David Faber pressed Tesla CEO Elon Musk about it, particularly the Tesla running a red light.Musk didn't address specific details in BI's reporting. Instead, he said Tesla's robotaxis will be "geo-fenced" — meaning they will avoid some intersections and certain parts of Austin.Waymo already uses geo-fencing. Its car avoided the intersection where the Tesla ran the red light, instead taking a route that was farther away and less time-efficient but perhaps safer to navigate, according to the BI story.Tesla's robotaxi plans come at a critical time for a brand that's taken a hit from Musk's work with the Trump administration. Overseas competition is also ramping up, and prices for used Teslas, including Cybertrucks, are falling.The excitement around the robotaxis is helping, though. Tesla's stock has risen about 40% since Musk talked up the robotaxi last month and signaled he was re-committing to Tesla and stepping back from DOGE.We'll stay all over this coverage for you, including the big debut.The new millennial home dilemmaMillennials are set to benefit from a massive wealth transfer from their boomer parents, most of which is held up in real estate.But because boomers tend to stay in their homes for decades, many children will inherit properties in need of some serious TLC.Microsoft's "age of AI agents"

    Microsoft

    CEO Satya Nadella recently tapped Jay Parikh, formerly Facebook's global head of engineering, to spearhead Microsoft's new AI unit, CoreAI. BI viewed internal memos to get a glimpse of Parikh's vision and progress.Parikh is focusing on cultural shifts, operational improvements, and customer experience as he leads Microsoft into a new era.He has plans for an AI "agent factory."From PowerPoint to plumbing

    Peter Dazeley/Getty Images

    AI is decimating jobs, and the cost of college is ever-rising. Gen Zers are losing faith in the ROI of a degree, but they've got another option: the trades.White-collar jobs are stagnating, but fields like plumbing, construction, and electrical work are projected to grow. Blue-collar jobs offer a work-life balance and a path to becoming your own boss.The shaky bond market

    Mario Tama/Getty Images

    Bonds have always been viewed as a safe haven, especially ones backed by the US government. But concerns over the growing deficit are changing investors' perspective on the asset.KKR has cast doubt over bonds, and JPMorgan CEO Jamie Dimon has been vocal about US credit being a "bad risk." Here's what investors have to think about amid the turmoil.Also read:This week's quote:"But if you want one of these jobs, you've got to play the game."— A recent graduate who moved to New York City early to be in a good position for the private-equity recruiting process.More of this week's top reads:Duolingo drama underscores the new corporate balancing act on AI hype.Elon Musk went on a media blitz. Here are five takeaways from his interviews.See inside the luxurious Boeing 747 Qatar is giving to Trump to serve as Air Force One.Instagram head Adam Mosseri on the "paradigm shift" from posting in public to sharing in private.Four reasons Walmart is raising prices and Home Depot isn't.Please, Jony Ive, I beg you not to make a voice device.Meet the Yale student and hacker moonlighting as a cybersecurity watchdog.Inside the little-known perks that come from a stock exchange "bake-off."Why these Americans agree with the DOGE firings: "Welcome to the real world."The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Elizabeth Casolo, fellow, in Chicago.
    #tesla #going #all #finish #first
    Tesla is going all in to finish first in the robotaxi race
    Lloyd Lee/BI 2025-05-25T10:37:01Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? This post originally appeared in the BI Today newsletter. You can sign up for Business Insider's daily newsletter here. Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. This week, BI's Polly Thompson took an inside look at how artificial intelligence is set to upend a pillar of the white-collar world: the Big Four.On the agenda today:Many millennials face a cursed inheritance with their parents' homes.Internal memos reveal how an ex-Facebook exec leads Microsoft's new AI unit.Losing faith in the ROI of college, Gen Z is pivoting to blue-collar jobs.Wall Street bigwigs are questioning the safety of government bonds. Now what?But first: Tesla's robotaxis are taking the wheel.If this was forwarded to you, sign up here. Download Business Insider's app here.This week's dispatch Robin Marchant/Getty, Sean Gallup/Getty, Tyler Le/BI Tesla's big betI remain in awe of self-driving cars.I took my first Waymo earlier this year in San Francisco. Like any newbie, I immediately pulled out my phone, recorded the ride, and then gleefully shared videos with friends and family.The market for robotaxis is well beyond the shock and awe phase. For Tesla, the stakes are high to get it right.The EV maker's long-awaited autonomous ride-hailing service is expected to debut next month in Austin. It will join Waymo, owned by Google's parent company Alphabet, which is already entrenched in San Francisco and expanding into other cities.My BI colleagues Lloyd Lee and Alistair Barr tried to see which company offers the better self-driving experience: Tesla or Waymo. They test drove both, expecting the results of their not-so-scientific test to come down to minute details..The results surprised them.While the rides were mostly similar, the differentiator was Tesla running a red light at a complex intersection. It was an error too big to overlook. Waymo won the test.Lloyd and Alistair's story ricocheted around the internet and social media. On Tuesday, CNBC's David Faber pressed Tesla CEO Elon Musk about it, particularly the Tesla running a red light.Musk didn't address specific details in BI's reporting. Instead, he said Tesla's robotaxis will be "geo-fenced" — meaning they will avoid some intersections and certain parts of Austin.Waymo already uses geo-fencing. Its car avoided the intersection where the Tesla ran the red light, instead taking a route that was farther away and less time-efficient but perhaps safer to navigate, according to the BI story.Tesla's robotaxi plans come at a critical time for a brand that's taken a hit from Musk's work with the Trump administration. Overseas competition is also ramping up, and prices for used Teslas, including Cybertrucks, are falling.The excitement around the robotaxis is helping, though. Tesla's stock has risen about 40% since Musk talked up the robotaxi last month and signaled he was re-committing to Tesla and stepping back from DOGE.We'll stay all over this coverage for you, including the big debut.The new millennial home dilemmaMillennials are set to benefit from a massive wealth transfer from their boomer parents, most of which is held up in real estate.But because boomers tend to stay in their homes for decades, many children will inherit properties in need of some serious TLC.Microsoft's "age of AI agents" Microsoft CEO Satya Nadella recently tapped Jay Parikh, formerly Facebook's global head of engineering, to spearhead Microsoft's new AI unit, CoreAI. BI viewed internal memos to get a glimpse of Parikh's vision and progress.Parikh is focusing on cultural shifts, operational improvements, and customer experience as he leads Microsoft into a new era.He has plans for an AI "agent factory."From PowerPoint to plumbing Peter Dazeley/Getty Images AI is decimating jobs, and the cost of college is ever-rising. Gen Zers are losing faith in the ROI of a degree, but they've got another option: the trades.White-collar jobs are stagnating, but fields like plumbing, construction, and electrical work are projected to grow. Blue-collar jobs offer a work-life balance and a path to becoming your own boss.The shaky bond market Mario Tama/Getty Images Bonds have always been viewed as a safe haven, especially ones backed by the US government. But concerns over the growing deficit are changing investors' perspective on the asset.KKR has cast doubt over bonds, and JPMorgan CEO Jamie Dimon has been vocal about US credit being a "bad risk." Here's what investors have to think about amid the turmoil.Also read:This week's quote:"But if you want one of these jobs, you've got to play the game."— A recent graduate who moved to New York City early to be in a good position for the private-equity recruiting process.More of this week's top reads:Duolingo drama underscores the new corporate balancing act on AI hype.Elon Musk went on a media blitz. Here are five takeaways from his interviews.See inside the luxurious Boeing 747 Qatar is giving to Trump to serve as Air Force One.Instagram head Adam Mosseri on the "paradigm shift" from posting in public to sharing in private.Four reasons Walmart is raising prices and Home Depot isn't.Please, Jony Ive, I beg you not to make a voice device.Meet the Yale student and hacker moonlighting as a cybersecurity watchdog.Inside the little-known perks that come from a stock exchange "bake-off."Why these Americans agree with the DOGE firings: "Welcome to the real world."The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Elizabeth Casolo, fellow, in Chicago. #tesla #going #all #finish #first
    WWW.BUSINESSINSIDER.COM
    Tesla is going all in to finish first in the robotaxi race
    Lloyd Lee/BI 2025-05-25T10:37:01Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? This post originally appeared in the BI Today newsletter. You can sign up for Business Insider's daily newsletter here. Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. This week, BI's Polly Thompson took an inside look at how artificial intelligence is set to upend a pillar of the white-collar world: the Big Four.On the agenda today:Many millennials face a cursed inheritance with their parents' homes.Internal memos reveal how an ex-Facebook exec leads Microsoft's new AI unit.Losing faith in the ROI of college, Gen Z is pivoting to blue-collar jobs.Wall Street bigwigs are questioning the safety of government bonds. Now what?But first: Tesla's robotaxis are taking the wheel.If this was forwarded to you, sign up here. Download Business Insider's app here.This week's dispatch Robin Marchant/Getty, Sean Gallup/Getty, Tyler Le/BI Tesla's big betI remain in awe of self-driving cars.I took my first Waymo earlier this year in San Francisco. Like any newbie, I immediately pulled out my phone, recorded the ride, and then gleefully shared videos with friends and family.The market for robotaxis is well beyond the shock and awe phase. For Tesla, the stakes are high to get it right.The EV maker's long-awaited autonomous ride-hailing service is expected to debut next month in Austin. It will join Waymo, owned by Google's parent company Alphabet, which is already entrenched in San Francisco and expanding into other cities.My BI colleagues Lloyd Lee and Alistair Barr tried to see which company offers the better self-driving experience: Tesla or Waymo. They test drove both, expecting the results of their not-so-scientific test to come down to minute details. (They couldn't compare the robotaxi services because Tesla hasn't launched its yet).The results surprised them.While the rides were mostly similar, the differentiator was Tesla running a red light at a complex intersection. It was an error too big to overlook. Waymo won the test.Lloyd and Alistair's story ricocheted around the internet and social media. On Tuesday, CNBC's David Faber pressed Tesla CEO Elon Musk about it, particularly the Tesla running a red light.Musk didn't address specific details in BI's reporting. Instead, he said Tesla's robotaxis will be "geo-fenced" — meaning they will avoid some intersections and certain parts of Austin.Waymo already uses geo-fencing. Its car avoided the intersection where the Tesla ran the red light, instead taking a route that was farther away and less time-efficient but perhaps safer to navigate, according to the BI story.Tesla's robotaxi plans come at a critical time for a brand that's taken a hit from Musk's work with the Trump administration. Overseas competition is also ramping up, and prices for used Teslas, including Cybertrucks, are falling.The excitement around the robotaxis is helping, though. Tesla's stock has risen about 40% since Musk talked up the robotaxi last month and signaled he was re-committing to Tesla and stepping back from DOGE.We'll stay all over this coverage for you, including the big debut.The new millennial home dilemmaMillennials are set to benefit from a massive wealth transfer from their boomer parents, most of which is held up in real estate.But because boomers tend to stay in their homes for decades, many children will inherit properties in need of some serious TLC.Microsoft's "age of AI agents" Microsoft CEO Satya Nadella recently tapped Jay Parikh, formerly Facebook's global head of engineering, to spearhead Microsoft's new AI unit, CoreAI. BI viewed internal memos to get a glimpse of Parikh's vision and progress.Parikh is focusing on cultural shifts, operational improvements, and customer experience as he leads Microsoft into a new era.He has plans for an AI "agent factory."From PowerPoint to plumbing Peter Dazeley/Getty Images AI is decimating jobs, and the cost of college is ever-rising. Gen Zers are losing faith in the ROI of a degree, but they've got another option: the trades.White-collar jobs are stagnating, but fields like plumbing, construction, and electrical work are projected to grow. Blue-collar jobs offer a work-life balance and a path to becoming your own boss.The shaky bond market Mario Tama/Getty Images Bonds have always been viewed as a safe haven, especially ones backed by the US government. But concerns over the growing deficit are changing investors' perspective on the asset.KKR has cast doubt over bonds, and JPMorgan CEO Jamie Dimon has been vocal about US credit being a "bad risk." Here's what investors have to think about amid the turmoil.Also read:This week's quote:"But if you want one of these jobs, you've got to play the game."— A recent graduate who moved to New York City early to be in a good position for the private-equity recruiting process.More of this week's top reads:Duolingo drama underscores the new corporate balancing act on AI hype.Elon Musk went on a media blitz. Here are five takeaways from his interviews.See inside the luxurious Boeing 747 Qatar is giving to Trump to serve as Air Force One.Instagram head Adam Mosseri on the "paradigm shift" from posting in public to sharing in private.Four reasons Walmart is raising prices and Home Depot isn't.Please, Jony Ive, I beg you not to make a voice device.Meet the Yale student and hacker moonlighting as a cybersecurity watchdog.Inside the little-known perks that come from a stock exchange "bake-off."Why these Americans agree with the DOGE firings: "Welcome to the real world."The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Elizabeth Casolo, fellow, in Chicago.
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  • Oracle Said to Buy $40 Billion of Nvidia Chips for OpenAI's US Data Center

    Oracle will spend around billion on Nvidia's higher-performance chips to power OpenAI's new U.S. data center, the Financial Times reported on Friday.The data center, situated in Abilene, Texas, is part of the U.S. Stargate Project, led by top AI firms in the country, to boost America's heft in the artificial intelligence industry amid heating global competition.The cloud service provider will purchase around 400,000 of Nvidia's most powerful GB200 chips and lease the computing power to OpenAI, the report said, citing several people familiar with the matter.OpenAI and Oracle did not immediately respond to Reuters' requests for comment, while an Nvidia spokesperson declined to comment.The data center is expected to be fully operational by mid-next year, and Oracle has agreed to lease the site for 15 years, the report said.JPMorgan has provided a bulk of the debt financing across two loans totaling billion, while the site's owners, Crusoe and U.S. investment firm Blue Owl Capital, have invested around billion in cash, the FT report added.The data center will help OpenAI reduce its dependence on its largest backer Microsoft as the ChatGPT maker's demand for power has outstripped the supply Microsoft can provide.For Oracle, the data center and Stargate present an opportunity for the firm to boost its cloud computing capabilities and catch up to market leaders Microsoft, Amazon and Google.OpenAI, Oracle, and Nvidia are also involved in a Stargate project in the Middle East, where a new massive AI data center will be constructed in the United Arab Emirates, likely using over a hundred thousand Nvidia chips.The first phase of the UAE data center will come online in 2026.© Thomson Reuters 2025For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

    Further reading:
    OpenAI, Oracle, Nvidia, AI Chips, Nvidia GB200, AI

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    #oracle #said #buy #billion #nvidia
    Oracle Said to Buy $40 Billion of Nvidia Chips for OpenAI's US Data Center
    Oracle will spend around billion on Nvidia's higher-performance chips to power OpenAI's new U.S. data center, the Financial Times reported on Friday.The data center, situated in Abilene, Texas, is part of the U.S. Stargate Project, led by top AI firms in the country, to boost America's heft in the artificial intelligence industry amid heating global competition.The cloud service provider will purchase around 400,000 of Nvidia's most powerful GB200 chips and lease the computing power to OpenAI, the report said, citing several people familiar with the matter.OpenAI and Oracle did not immediately respond to Reuters' requests for comment, while an Nvidia spokesperson declined to comment.The data center is expected to be fully operational by mid-next year, and Oracle has agreed to lease the site for 15 years, the report said.JPMorgan has provided a bulk of the debt financing across two loans totaling billion, while the site's owners, Crusoe and U.S. investment firm Blue Owl Capital, have invested around billion in cash, the FT report added.The data center will help OpenAI reduce its dependence on its largest backer Microsoft as the ChatGPT maker's demand for power has outstripped the supply Microsoft can provide.For Oracle, the data center and Stargate present an opportunity for the firm to boost its cloud computing capabilities and catch up to market leaders Microsoft, Amazon and Google.OpenAI, Oracle, and Nvidia are also involved in a Stargate project in the Middle East, where a new massive AI data center will be constructed in the United Arab Emirates, likely using over a hundred thousand Nvidia chips.The first phase of the UAE data center will come online in 2026.© Thomson Reuters 2025For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube. Further reading: OpenAI, Oracle, Nvidia, AI Chips, Nvidia GB200, AI Related Stories #oracle #said #buy #billion #nvidia
    WWW.GADGETS360.COM
    Oracle Said to Buy $40 Billion of Nvidia Chips for OpenAI's US Data Center
    Oracle will spend around $40 billion on Nvidia's higher-performance chips to power OpenAI's new U.S. data center, the Financial Times reported on Friday.The data center, situated in Abilene, Texas, is part of the U.S. Stargate Project, led by top AI firms in the country, to boost America's heft in the artificial intelligence industry amid heating global competition.The cloud service provider will purchase around 400,000 of Nvidia's most powerful GB200 chips and lease the computing power to OpenAI, the report said, citing several people familiar with the matter.OpenAI and Oracle did not immediately respond to Reuters' requests for comment, while an Nvidia spokesperson declined to comment.The data center is expected to be fully operational by mid-next year, and Oracle has agreed to lease the site for 15 years, the report said.JPMorgan has provided a bulk of the debt financing across two loans totaling $9.6 billion, while the site's owners, Crusoe and U.S. investment firm Blue Owl Capital, have invested around $5 billion in cash, the FT report added.The data center will help OpenAI reduce its dependence on its largest backer Microsoft as the ChatGPT maker's demand for power has outstripped the supply Microsoft can provide.For Oracle, the data center and Stargate present an opportunity for the firm to boost its cloud computing capabilities and catch up to market leaders Microsoft, Amazon and Google.OpenAI, Oracle, and Nvidia are also involved in a Stargate project in the Middle East, where a new massive AI data center will be constructed in the United Arab Emirates, likely using over a hundred thousand Nvidia chips.The first phase of the UAE data center will come online in 2026.© Thomson Reuters 2025(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube. Further reading: OpenAI, Oracle, Nvidia, AI Chips, Nvidia GB200, AI Related Stories
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  • Meta faces increasing scrutiny over widespread scam ads

    Published
    May 22, 2025 10:00am EDT close 'CyberGuy' praises Trump admin for Take It Down Act Kurt Knutsson joins "Fox & Friends" to discuss President Donald Trump's Take It Down Act and Meta avoiding removing scam ads from its platforms.  Meta, the parent company of Facebook and Instagram, is under fire after a major report revealed that thousands of fraudulent ads have been allowed to run on its platforms. According to the Wall Street Journal, Meta accounted for nearly half of all scam complaints tied to Zelle transactions at JPMorgan Chase between mid-2023 and mid-2024. Other banks have also reported a high number of fraud cases linked to Meta's platforms.JOIN THE FREE "CYBERGUY REPORT": GET MY EXPERT TECH TIPS, CRITICAL SECURITY ALERTS AND EXCLUSIVE DEALS, PLUS INSTANT ACCESS TO MY FREE "ULTIMATE SCAM SURVIVAL GUIDE" WHEN YOU SIGN UP! Meta logoWhy are scam ads so widespread?The problem of scam ads on Facebook has grown rapidly in recent years. Experts point to the rise of cryptocurrency schemes, AI-generated content and organized criminal groups operating from Southeast Asia. These scams range from fake investment opportunities to misleading product offers and even the sale of nonexistent puppies.FBI WARNS OF SCAM TARGETING VICTIMS WITH FAKE HOSPITALS AND POLICEOne example involves Edgar Guzman, a legitimate business owner in Atlanta, whose warehouse address was used by scammers in more than 4,400 Facebook and Instagram ads. These ads promised deep discounts on bulk merchandise, tricking people into sending money for products that never existed."What sucks is we have to break it to people that they've been scammed. We don't even do online sales," Guzman told reporters. Facebook login page on a laptopMeta's response: Is it enough?Meta says it's fighting back with new technology and partnerships, including facial-recognition tools and collaborations with banks and other tech companies. A spokesperson described the situation as an "epidemic of scams" and insisted that Meta is taking aggressive action, removing more than 2 million accounts linked to scam centers in several countries this year alone.However, insiders tell a different story. Current and former Meta employees say the company has been reluctant to make it harder for advertisers to buy ads, fearing it could hurt the company's bottom line. Staff reportedly tolerated between eight and 32 fraud "strikes" before banning accounts and scam enforcement was deprioritized to avoid losing ad revenue. META ENDS FACT-CHECKING PROGRAM AS ZUCKERBERG VOWS TO RESTORE FREE EXPRESSION ON FACEBOOK, INSTAGRAM Instagram on a smartphoneThe human cost of inactionVictims of these scams often lose hundreds or even thousands of dollars. In one case, fake ads promised free spice racks from McCormick & Co. for just a small shipping fee, only to steal credit card details and rack up fraudulent charges. Another common scam involves fake puppy sales, with victims sending deposits for pets that never arrive. Some scam operations are even linked to human trafficking, with criminal groups forcing kidnapped victims to run online fraud schemes under threat of violence.Legal and ethical questions for MetaMeta maintains that it is not legally responsible for fraudulent content on its platforms, citing Section 230 of federal law, which protects tech companies from liability for user-generated content. In court filings, Meta has argued that it "does not owe a duty to users" when it comes to policing fraud. Meanwhile, a class-action lawsuit over allegedly inflated ad reach metrics is moving forward, putting even more pressure on Meta to address transparency and accountability.How to protect yourself from scam adsStaying safe online takes a little extra effort, but it's well worth it. Here are some steps you can follow to avoid falling victim to scam ads.1. Check the source and use strong antivirus software: Look for verified pages and official websites. Scammers often copy the names and logos of trusted brands, but the web address or page details may be off. Always double-check the URL for slight misspellings or extra characters and avoid clicking links in ads if you're unsure about their legitimacy.The best way to safeguard yourself from malicious links that install malware, potentially accessing your private information, is to have strong antivirus software installed on all your devices. This protection can also alert you to phishing emails and ransomware scams, keeping your personal information and digital assets safe. Get my picks for the best 2025 antivirus protection winners for your Windows, Mac, Android and iOS devices.2. Be skeptical of deals that seem too good to be true: If an ad offers products at an unbelievable price or promises huge returns, pause and investigate before clicking. Scammers often use flashy discounts or urgent language to lure people in quickly. Take a moment to think before you act, and remember that if something sounds impossible, it probably is. 3. Research the seller: Search for reviews and complaints about the company or individual. If you can't find any credible information, it's best to avoid the offer. A quick online search can reveal if others have reported scams or had bad experiences, and legitimate businesses usually have a track record you can verify.4. Consider using a personal data removal service: There are companies that can help remove your personal info from data brokers and people-search sites. This means less of your data floating around for scammers to find and use. While these services usually charge a fee, they can save you a lot of time and hassle compared to doing it all yourself. Over time, you might notice fewer spam calls, emails and even a lower risk of identity theft. Check out my top picks for data removal services here.5. Never share sensitive information: Don't enter your credit card or bank details on unfamiliar sites. If you're asked for personal information, double-check the legitimacy of the request. Scammers may ask for sensitive data under the guise of "verifying your identity" or processing a payment, but reputable companies will never ask for this through insecure channels.6. Keep your devices updated: Keeping your software updated adds an extra layer of protection against the latest threats. Updates often include important security patches that fix vulnerabilities hackers might try to exploit. By regularly updating your devices, you help close those security gaps and keep your personal information safer from scammers and malware. 7. Report suspicious ads: If you see a scam ad on Facebook or Instagram, report it using the platform's tools. This helps alert others and puts pressure on Meta to take action. Reporting is quick and anonymous, and it plays a crucial role in helping platforms identify patterns and remove harmful content.8. Monitor your accounts: Regularly check your bank and credit card statements for unauthorized transactions, especially after making online purchases. Early detection can help you limit the damage if your information is compromised, and most banks have fraud protection services that can assist you if you spot something suspicious.By following these steps, you can better protect yourself and your finances from online scams. Staying alert and informed is your best defense in today's digital world.Kurt's key takeawaysThe mess with scam ads on Meta's platforms shows why it's important to look out for yourself online. Meta says it's working on the problem, but many people think it's not moving fast enough. By staying careful, questioning suspicious offers and using good security tools, you can keep yourself safer. Until the platforms step up their game, protecting yourself is the smartest move you can make.CLICK HERE TO GET THE FOX NEWS APPShould Meta be doing more to protect its users from scam ads, even if it means making changes that could affect its advertising revenue? Let us know by writing us atCyberguy.com/Contact.For more of my tech tips and security alerts, subscribe to my free CyberGuy Report Newsletter by heading to Cyberguy.com/Newsletter.Ask Kurt a question or let us know what stories you'd like us to cover.Follow Kurt on his social channels:Answers to the most-asked CyberGuy questions:New from Kurt:Copyright 2025 CyberGuy.com. All rights reserved. Kurt "CyberGuy" Knutsson is an award-winning tech journalist who has a deep love of technology, gear and gadgets that make life better with his contributions for Fox News & FOX Business beginning mornings on "FOX & Friends." Got a tech question? Get Kurt’s free CyberGuy Newsletter, share your voice, a story idea or comment at CyberGuy.com.
    #meta #faces #increasing #scrutiny #over
    Meta faces increasing scrutiny over widespread scam ads
    Published May 22, 2025 10:00am EDT close 'CyberGuy' praises Trump admin for Take It Down Act Kurt Knutsson joins "Fox & Friends" to discuss President Donald Trump's Take It Down Act and Meta avoiding removing scam ads from its platforms.  Meta, the parent company of Facebook and Instagram, is under fire after a major report revealed that thousands of fraudulent ads have been allowed to run on its platforms. According to the Wall Street Journal, Meta accounted for nearly half of all scam complaints tied to Zelle transactions at JPMorgan Chase between mid-2023 and mid-2024. Other banks have also reported a high number of fraud cases linked to Meta's platforms.JOIN THE FREE "CYBERGUY REPORT": GET MY EXPERT TECH TIPS, CRITICAL SECURITY ALERTS AND EXCLUSIVE DEALS, PLUS INSTANT ACCESS TO MY FREE "ULTIMATE SCAM SURVIVAL GUIDE" WHEN YOU SIGN UP! Meta logoWhy are scam ads so widespread?The problem of scam ads on Facebook has grown rapidly in recent years. Experts point to the rise of cryptocurrency schemes, AI-generated content and organized criminal groups operating from Southeast Asia. These scams range from fake investment opportunities to misleading product offers and even the sale of nonexistent puppies.FBI WARNS OF SCAM TARGETING VICTIMS WITH FAKE HOSPITALS AND POLICEOne example involves Edgar Guzman, a legitimate business owner in Atlanta, whose warehouse address was used by scammers in more than 4,400 Facebook and Instagram ads. These ads promised deep discounts on bulk merchandise, tricking people into sending money for products that never existed."What sucks is we have to break it to people that they've been scammed. We don't even do online sales," Guzman told reporters. Facebook login page on a laptopMeta's response: Is it enough?Meta says it's fighting back with new technology and partnerships, including facial-recognition tools and collaborations with banks and other tech companies. A spokesperson described the situation as an "epidemic of scams" and insisted that Meta is taking aggressive action, removing more than 2 million accounts linked to scam centers in several countries this year alone.However, insiders tell a different story. Current and former Meta employees say the company has been reluctant to make it harder for advertisers to buy ads, fearing it could hurt the company's bottom line. Staff reportedly tolerated between eight and 32 fraud "strikes" before banning accounts and scam enforcement was deprioritized to avoid losing ad revenue. META ENDS FACT-CHECKING PROGRAM AS ZUCKERBERG VOWS TO RESTORE FREE EXPRESSION ON FACEBOOK, INSTAGRAM Instagram on a smartphoneThe human cost of inactionVictims of these scams often lose hundreds or even thousands of dollars. In one case, fake ads promised free spice racks from McCormick & Co. for just a small shipping fee, only to steal credit card details and rack up fraudulent charges. Another common scam involves fake puppy sales, with victims sending deposits for pets that never arrive. Some scam operations are even linked to human trafficking, with criminal groups forcing kidnapped victims to run online fraud schemes under threat of violence.Legal and ethical questions for MetaMeta maintains that it is not legally responsible for fraudulent content on its platforms, citing Section 230 of federal law, which protects tech companies from liability for user-generated content. In court filings, Meta has argued that it "does not owe a duty to users" when it comes to policing fraud. Meanwhile, a class-action lawsuit over allegedly inflated ad reach metrics is moving forward, putting even more pressure on Meta to address transparency and accountability.How to protect yourself from scam adsStaying safe online takes a little extra effort, but it's well worth it. Here are some steps you can follow to avoid falling victim to scam ads.1. Check the source and use strong antivirus software: Look for verified pages and official websites. Scammers often copy the names and logos of trusted brands, but the web address or page details may be off. Always double-check the URL for slight misspellings or extra characters and avoid clicking links in ads if you're unsure about their legitimacy.The best way to safeguard yourself from malicious links that install malware, potentially accessing your private information, is to have strong antivirus software installed on all your devices. This protection can also alert you to phishing emails and ransomware scams, keeping your personal information and digital assets safe. Get my picks for the best 2025 antivirus protection winners for your Windows, Mac, Android and iOS devices.2. Be skeptical of deals that seem too good to be true: If an ad offers products at an unbelievable price or promises huge returns, pause and investigate before clicking. Scammers often use flashy discounts or urgent language to lure people in quickly. Take a moment to think before you act, and remember that if something sounds impossible, it probably is. 3. Research the seller: Search for reviews and complaints about the company or individual. If you can't find any credible information, it's best to avoid the offer. A quick online search can reveal if others have reported scams or had bad experiences, and legitimate businesses usually have a track record you can verify.4. Consider using a personal data removal service: There are companies that can help remove your personal info from data brokers and people-search sites. This means less of your data floating around for scammers to find and use. While these services usually charge a fee, they can save you a lot of time and hassle compared to doing it all yourself. Over time, you might notice fewer spam calls, emails and even a lower risk of identity theft. Check out my top picks for data removal services here.5. Never share sensitive information: Don't enter your credit card or bank details on unfamiliar sites. If you're asked for personal information, double-check the legitimacy of the request. Scammers may ask for sensitive data under the guise of "verifying your identity" or processing a payment, but reputable companies will never ask for this through insecure channels.6. Keep your devices updated: Keeping your software updated adds an extra layer of protection against the latest threats. Updates often include important security patches that fix vulnerabilities hackers might try to exploit. By regularly updating your devices, you help close those security gaps and keep your personal information safer from scammers and malware. 7. Report suspicious ads: If you see a scam ad on Facebook or Instagram, report it using the platform's tools. This helps alert others and puts pressure on Meta to take action. Reporting is quick and anonymous, and it plays a crucial role in helping platforms identify patterns and remove harmful content.8. Monitor your accounts: Regularly check your bank and credit card statements for unauthorized transactions, especially after making online purchases. Early detection can help you limit the damage if your information is compromised, and most banks have fraud protection services that can assist you if you spot something suspicious.By following these steps, you can better protect yourself and your finances from online scams. Staying alert and informed is your best defense in today's digital world.Kurt's key takeawaysThe mess with scam ads on Meta's platforms shows why it's important to look out for yourself online. Meta says it's working on the problem, but many people think it's not moving fast enough. By staying careful, questioning suspicious offers and using good security tools, you can keep yourself safer. Until the platforms step up their game, protecting yourself is the smartest move you can make.CLICK HERE TO GET THE FOX NEWS APPShould Meta be doing more to protect its users from scam ads, even if it means making changes that could affect its advertising revenue? Let us know by writing us atCyberguy.com/Contact.For more of my tech tips and security alerts, subscribe to my free CyberGuy Report Newsletter by heading to Cyberguy.com/Newsletter.Ask Kurt a question or let us know what stories you'd like us to cover.Follow Kurt on his social channels:Answers to the most-asked CyberGuy questions:New from Kurt:Copyright 2025 CyberGuy.com. All rights reserved. Kurt "CyberGuy" Knutsson is an award-winning tech journalist who has a deep love of technology, gear and gadgets that make life better with his contributions for Fox News & FOX Business beginning mornings on "FOX & Friends." Got a tech question? Get Kurt’s free CyberGuy Newsletter, share your voice, a story idea or comment at CyberGuy.com. #meta #faces #increasing #scrutiny #over
    WWW.FOXNEWS.COM
    Meta faces increasing scrutiny over widespread scam ads
    Published May 22, 2025 10:00am EDT close 'CyberGuy' praises Trump admin for Take It Down Act Kurt Knutsson joins "Fox & Friends" to discuss President Donald Trump's Take It Down Act and Meta avoiding removing scam ads from its platforms.  Meta, the parent company of Facebook and Instagram, is under fire after a major report revealed that thousands of fraudulent ads have been allowed to run on its platforms. According to the Wall Street Journal, Meta accounted for nearly half of all scam complaints tied to Zelle transactions at JPMorgan Chase between mid-2023 and mid-2024. Other banks have also reported a high number of fraud cases linked to Meta's platforms.JOIN THE FREE "CYBERGUY REPORT": GET MY EXPERT TECH TIPS, CRITICAL SECURITY ALERTS AND EXCLUSIVE DEALS, PLUS INSTANT ACCESS TO MY FREE "ULTIMATE SCAM SURVIVAL GUIDE" WHEN YOU SIGN UP! Meta logo (Kurt "CyberGuy" Knutsson)Why are scam ads so widespread?The problem of scam ads on Facebook has grown rapidly in recent years. Experts point to the rise of cryptocurrency schemes, AI-generated content and organized criminal groups operating from Southeast Asia. These scams range from fake investment opportunities to misleading product offers and even the sale of nonexistent puppies.FBI WARNS OF SCAM TARGETING VICTIMS WITH FAKE HOSPITALS AND POLICEOne example involves Edgar Guzman, a legitimate business owner in Atlanta, whose warehouse address was used by scammers in more than 4,400 Facebook and Instagram ads. These ads promised deep discounts on bulk merchandise, tricking people into sending money for products that never existed."What sucks is we have to break it to people that they've been scammed. We don't even do online sales," Guzman told reporters. Facebook login page on a laptop (Kurt "CyberGuy" Knutsson)Meta's response: Is it enough?Meta says it's fighting back with new technology and partnerships, including facial-recognition tools and collaborations with banks and other tech companies. A spokesperson described the situation as an "epidemic of scams" and insisted that Meta is taking aggressive action, removing more than 2 million accounts linked to scam centers in several countries this year alone.However, insiders tell a different story. Current and former Meta employees say the company has been reluctant to make it harder for advertisers to buy ads, fearing it could hurt the company's bottom line. Staff reportedly tolerated between eight and 32 fraud "strikes" before banning accounts and scam enforcement was deprioritized to avoid losing ad revenue. META ENDS FACT-CHECKING PROGRAM AS ZUCKERBERG VOWS TO RESTORE FREE EXPRESSION ON FACEBOOK, INSTAGRAM Instagram on a smartphone (Kurt "CyberGuy" Knutsson)The human cost of inactionVictims of these scams often lose hundreds or even thousands of dollars. In one case, fake ads promised free spice racks from McCormick & Co. for just a small shipping fee, only to steal credit card details and rack up fraudulent charges. Another common scam involves fake puppy sales, with victims sending deposits for pets that never arrive. Some scam operations are even linked to human trafficking, with criminal groups forcing kidnapped victims to run online fraud schemes under threat of violence.Legal and ethical questions for MetaMeta maintains that it is not legally responsible for fraudulent content on its platforms, citing Section 230 of federal law, which protects tech companies from liability for user-generated content. In court filings, Meta has argued that it "does not owe a duty to users" when it comes to policing fraud. Meanwhile, a class-action lawsuit over allegedly inflated ad reach metrics is moving forward, putting even more pressure on Meta to address transparency and accountability.How to protect yourself from scam adsStaying safe online takes a little extra effort, but it's well worth it. Here are some steps you can follow to avoid falling victim to scam ads.1. Check the source and use strong antivirus software: Look for verified pages and official websites. Scammers often copy the names and logos of trusted brands, but the web address or page details may be off. Always double-check the URL for slight misspellings or extra characters and avoid clicking links in ads if you're unsure about their legitimacy.The best way to safeguard yourself from malicious links that install malware, potentially accessing your private information, is to have strong antivirus software installed on all your devices. This protection can also alert you to phishing emails and ransomware scams, keeping your personal information and digital assets safe. Get my picks for the best 2025 antivirus protection winners for your Windows, Mac, Android and iOS devices.2. Be skeptical of deals that seem too good to be true: If an ad offers products at an unbelievable price or promises huge returns, pause and investigate before clicking. Scammers often use flashy discounts or urgent language to lure people in quickly. Take a moment to think before you act, and remember that if something sounds impossible, it probably is. 3. Research the seller: Search for reviews and complaints about the company or individual. If you can't find any credible information, it's best to avoid the offer. A quick online search can reveal if others have reported scams or had bad experiences, and legitimate businesses usually have a track record you can verify.4. Consider using a personal data removal service: There are companies that can help remove your personal info from data brokers and people-search sites. This means less of your data floating around for scammers to find and use. While these services usually charge a fee, they can save you a lot of time and hassle compared to doing it all yourself. Over time, you might notice fewer spam calls, emails and even a lower risk of identity theft. Check out my top picks for data removal services here.5. Never share sensitive information: Don't enter your credit card or bank details on unfamiliar sites. If you're asked for personal information, double-check the legitimacy of the request. Scammers may ask for sensitive data under the guise of "verifying your identity" or processing a payment, but reputable companies will never ask for this through insecure channels.6. Keep your devices updated: Keeping your software updated adds an extra layer of protection against the latest threats. Updates often include important security patches that fix vulnerabilities hackers might try to exploit. By regularly updating your devices, you help close those security gaps and keep your personal information safer from scammers and malware. 7. Report suspicious ads: If you see a scam ad on Facebook or Instagram, report it using the platform's tools. This helps alert others and puts pressure on Meta to take action. Reporting is quick and anonymous, and it plays a crucial role in helping platforms identify patterns and remove harmful content.8. Monitor your accounts: Regularly check your bank and credit card statements for unauthorized transactions, especially after making online purchases. Early detection can help you limit the damage if your information is compromised, and most banks have fraud protection services that can assist you if you spot something suspicious.By following these steps, you can better protect yourself and your finances from online scams. Staying alert and informed is your best defense in today's digital world.Kurt's key takeawaysThe mess with scam ads on Meta's platforms shows why it's important to look out for yourself online. Meta says it's working on the problem, but many people think it's not moving fast enough. By staying careful, questioning suspicious offers and using good security tools, you can keep yourself safer. Until the platforms step up their game, protecting yourself is the smartest move you can make.CLICK HERE TO GET THE FOX NEWS APPShould Meta be doing more to protect its users from scam ads, even if it means making changes that could affect its advertising revenue? Let us know by writing us atCyberguy.com/Contact.For more of my tech tips and security alerts, subscribe to my free CyberGuy Report Newsletter by heading to Cyberguy.com/Newsletter.Ask Kurt a question or let us know what stories you'd like us to cover.Follow Kurt on his social channels:Answers to the most-asked CyberGuy questions:New from Kurt:Copyright 2025 CyberGuy.com. All rights reserved. Kurt "CyberGuy" Knutsson is an award-winning tech journalist who has a deep love of technology, gear and gadgets that make life better with his contributions for Fox News & FOX Business beginning mornings on "FOX & Friends." Got a tech question? Get Kurt’s free CyberGuy Newsletter, share your voice, a story idea or comment at CyberGuy.com.
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  • The Significance of Jamie Dimon’s Reluctant Bitcoin Surrender

    JPMorgan Chase’s CEO Jamie Dimon has long been one of Bitcoin’s most vicious skeptics. In 2017, he said he would fire any employee who traded Bitcoin for being “stupid,” and called it a “fraud.” Last year, he called the cryptocurrency a “pet rock.”But this week, Dimon announced that JPMorgan Chase would allow its clients to buy Bitcoin. He said it with a grimace on his face, speaking at JPMorgan Chase’s investor day, and rattled off a list of criticisms shared by other Bitcoin cynics, including that the currency facilitated sex trafficking and terrorism. But he conceded that his clients could do what they wished with their money. “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin. Go at it.”The decision marks a significant symbolic and practical victory for the Bitcoin community, which, despite its anti-establishment beginnings, has sought institutional acceptance. Dimon, a heavyweight of traditional finance, has consistently used his perch to discourage regular investors and other financial leaders from getting involved. But he has also often been called a pragmatist—and his shift on Bitcoin reflects a changed political climate and mounting client demand. Dimon’s decision arises from a year of mounting competition and interest in Bitcoin from other large firms. The entwining of Bitcoin and traditional finance kicked off in January 2024, when the U.S. Securities and Exchange Commission reluctantly gave the green light for Bitcoin ETFs—investment vehicles which allow people to bet on Bitcoin’s price without actually holding it—to enter the market. Billions of dollars immediately flowed into these ETFs, proving their value to major financial institutions like BlackRock. That summer, Morgan Stanley allowed its wealth advisors to sell Bitcoin ETFs to clients, and Goldman Sachs purchased million worth of them. Then, Donald Trump won the presidency, sending crypto hype into overdrive. On the campaign trail, Trump won over many crypto fans for accusing Biden of choking off the industry. Trump then pledged to make the U.S. the “Bitcoin capital of the world.” Since his election, Trump has thrown both his government influence and personal brand behind cryptocurrency efforts. And the banking sector has been significantly impacted. In his first week in office, Trump repealed SAB 121, a Biden-era accounting rule which discouraged banks from handling crypto assets. The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency then rescinded their anti-crypto guidance, leaving much greater discretion to the banks on how to deal with digital assets. Many banks jumped in. Goldman Sachs amassed a stockpile of over billion worth of Bitcoin ETFs. The CEOs of Bank of America and Morgan Stanley both expressed interest in offering crypto products.  Dimon could have stuck to his guns and kept JPMorgan out of it. But the bank—which is the biggest in America, with over trillion in assets worldwide— risked losing high-net-worth individuals and institutional clients seeking to diversify their portfolios at a moment of extreme financial volatility. So now, JPMorgan customers will be allowed to buy Bitcoin, he said on Monday. He added, however, that the bank would not custody Bitcoin, necessitating a trusted third party. Dimon’s decision could bring about further change. His capitulation could serve as a powerful signal to other holdouts in traditional finance. And JPMorgan’s massive customer base could bring in a new wave of Bitcoin investors. Crypto Twitter, unsurprisingly, gleefully celebrated his about-face. “Jamie Dimon has bent the knee,” Cory Klippsten, the CEO of Swan, wrote on Twitter. 
    #significance #jamie #dimons #reluctant #bitcoin
    The Significance of Jamie Dimon’s Reluctant Bitcoin Surrender
    JPMorgan Chase’s CEO Jamie Dimon has long been one of Bitcoin’s most vicious skeptics. In 2017, he said he would fire any employee who traded Bitcoin for being “stupid,” and called it a “fraud.” Last year, he called the cryptocurrency a “pet rock.”But this week, Dimon announced that JPMorgan Chase would allow its clients to buy Bitcoin. He said it with a grimace on his face, speaking at JPMorgan Chase’s investor day, and rattled off a list of criticisms shared by other Bitcoin cynics, including that the currency facilitated sex trafficking and terrorism. But he conceded that his clients could do what they wished with their money. “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin. Go at it.”The decision marks a significant symbolic and practical victory for the Bitcoin community, which, despite its anti-establishment beginnings, has sought institutional acceptance. Dimon, a heavyweight of traditional finance, has consistently used his perch to discourage regular investors and other financial leaders from getting involved. But he has also often been called a pragmatist—and his shift on Bitcoin reflects a changed political climate and mounting client demand. Dimon’s decision arises from a year of mounting competition and interest in Bitcoin from other large firms. The entwining of Bitcoin and traditional finance kicked off in January 2024, when the U.S. Securities and Exchange Commission reluctantly gave the green light for Bitcoin ETFs—investment vehicles which allow people to bet on Bitcoin’s price without actually holding it—to enter the market. Billions of dollars immediately flowed into these ETFs, proving their value to major financial institutions like BlackRock. That summer, Morgan Stanley allowed its wealth advisors to sell Bitcoin ETFs to clients, and Goldman Sachs purchased million worth of them. Then, Donald Trump won the presidency, sending crypto hype into overdrive. On the campaign trail, Trump won over many crypto fans for accusing Biden of choking off the industry. Trump then pledged to make the U.S. the “Bitcoin capital of the world.” Since his election, Trump has thrown both his government influence and personal brand behind cryptocurrency efforts. And the banking sector has been significantly impacted. In his first week in office, Trump repealed SAB 121, a Biden-era accounting rule which discouraged banks from handling crypto assets. The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency then rescinded their anti-crypto guidance, leaving much greater discretion to the banks on how to deal with digital assets. Many banks jumped in. Goldman Sachs amassed a stockpile of over billion worth of Bitcoin ETFs. The CEOs of Bank of America and Morgan Stanley both expressed interest in offering crypto products.  Dimon could have stuck to his guns and kept JPMorgan out of it. But the bank—which is the biggest in America, with over trillion in assets worldwide— risked losing high-net-worth individuals and institutional clients seeking to diversify their portfolios at a moment of extreme financial volatility. So now, JPMorgan customers will be allowed to buy Bitcoin, he said on Monday. He added, however, that the bank would not custody Bitcoin, necessitating a trusted third party. Dimon’s decision could bring about further change. His capitulation could serve as a powerful signal to other holdouts in traditional finance. And JPMorgan’s massive customer base could bring in a new wave of Bitcoin investors. Crypto Twitter, unsurprisingly, gleefully celebrated his about-face. “Jamie Dimon has bent the knee,” Cory Klippsten, the CEO of Swan, wrote on Twitter.  #significance #jamie #dimons #reluctant #bitcoin
    TIME.COM
    The Significance of Jamie Dimon’s Reluctant Bitcoin Surrender
    JPMorgan Chase’s CEO Jamie Dimon has long been one of Bitcoin’s most vicious skeptics. In 2017, he said he would fire any employee who traded Bitcoin for being “stupid,” and called it a “fraud.” Last year, he called the cryptocurrency a “pet rock.”But this week, Dimon announced that JPMorgan Chase would allow its clients to buy Bitcoin. He said it with a grimace on his face, speaking at JPMorgan Chase’s investor day, and rattled off a list of criticisms shared by other Bitcoin cynics, including that the currency facilitated sex trafficking and terrorism. But he conceded that his clients could do what they wished with their money. “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin. Go at it.”The decision marks a significant symbolic and practical victory for the Bitcoin community, which, despite its anti-establishment beginnings, has sought institutional acceptance. Dimon, a heavyweight of traditional finance, has consistently used his perch to discourage regular investors and other financial leaders from getting involved. But he has also often been called a pragmatist—and his shift on Bitcoin reflects a changed political climate and mounting client demand. Dimon’s decision arises from a year of mounting competition and interest in Bitcoin from other large firms. The entwining of Bitcoin and traditional finance kicked off in January 2024, when the U.S. Securities and Exchange Commission reluctantly gave the green light for Bitcoin ETFs—investment vehicles which allow people to bet on Bitcoin’s price without actually holding it—to enter the market. Billions of dollars immediately flowed into these ETFs, proving their value to major financial institutions like BlackRock. That summer, Morgan Stanley allowed its wealth advisors to sell Bitcoin ETFs to clients, and Goldman Sachs purchased $418 million worth of them. Then, Donald Trump won the presidency, sending crypto hype into overdrive. On the campaign trail, Trump won over many crypto fans for accusing Biden of choking off the industry. Trump then pledged to make the U.S. the “Bitcoin capital of the world.” Since his election, Trump has thrown both his government influence and personal brand behind cryptocurrency efforts. And the banking sector has been significantly impacted. In his first week in office, Trump repealed SAB 121, a Biden-era accounting rule which discouraged banks from handling crypto assets. The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency then rescinded their anti-crypto guidance, leaving much greater discretion to the banks on how to deal with digital assets. Many banks jumped in. Goldman Sachs amassed a stockpile of over $1 billion worth of Bitcoin ETFs. The CEOs of Bank of America and Morgan Stanley both expressed interest in offering crypto products.  Dimon could have stuck to his guns and kept JPMorgan out of it. But the bank—which is the biggest in America, with over $3 trillion in assets worldwide— risked losing high-net-worth individuals and institutional clients seeking to diversify their portfolios at a moment of extreme financial volatility. So now, JPMorgan customers will be allowed to buy Bitcoin, he said on Monday. He added, however, that the bank would not custody Bitcoin, necessitating a trusted third party. Dimon’s decision could bring about further change. His capitulation could serve as a powerful signal to other holdouts in traditional finance. And JPMorgan’s massive customer base could bring in a new wave of Bitcoin investors. Crypto Twitter, unsurprisingly, gleefully celebrated his about-face. “Jamie Dimon has bent the knee,” Cory Klippsten, the CEO of Swan, wrote on Twitter. 
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  • How Dell’s AI Infrastructure Updates Deliver Choice, Control And Scale

    Dell Technologies World focuses its keynote on Inventing the Future with AIDell Technologies
    Dell Technologies unveiled a significant expansion of its Dell AI Factory platform at its annual Dell Technologies World conference today, announcing over 40 product enhancements designed to help enterprises deploy artificial intelligence workloads more efficiently across both on-premises environments and cloud systems.

    The Dell AI Factory is not a physical manufacturing facility but a comprehensive framework combining advanced infrastructure, validated solutions, services, and an open ecosystem to help businesses harness the full potential of artificial intelligence across diverse environments—from data centers and cloud to edge locations and AI PCs.

    The company has attracted over 3,000 AI Factory customers since launching the platform last year. In an earlier call with industry analysts, Dell shared research stating that 79% of production AI workloads are running outside of public cloud environments—a trend driven by cost, security, and data governance concerns. During the keynote, Michael Dell provided more color on the value of Dell’s AI factory concept. He said, "The Dell AI factory is up to 60% more cost effective than the public cloud, and recent studies indicate that about three-fourths of AI initiatives are meeting or exceeding expectations. That means organizations are driving ROI and productivity gains from 20% to 40% in some cases.

    Making AI Easier to Deploy
    Organizations need the freedom to run AI workloads wherever makes the most sense for their business, without sacrificing performance or control. While IT leaders embraced the public cloud for their initial AI services, many organizations are now looking for a more nuanced approach where the company can control over their most critical AI assets while maintaining the flexibility to use cloud resources when appropriate. Over 80 percent of the companies Lopez Research interviewed said they struggled to find the budget and technical talent to deploy AI. These AI deployment challenges have only increased as more AI models and AI infrastructure services were launched.
    Silicon Diversity and Customer Choice
    A central theme of Dell's AI Factory message is how Dell makes AI easier to deploy while delivering choice. Dell is offering customers choice through silicon diversity in its designs, but also with ISV models. The company announced it has added Intel to its AI Factory portfolio with Intel Gaudi 3 AI accelerators and Intel Xeon processors, with a strong focus on inferencing workloads.
    Dell also announced its fourth update to the Dell AI Platform with AMD, rolling out two new PowerEdge servers—the XE9785 and the XE9785L—equipped with the latest AMD Instinct MI350 series GPUs. The Dell AI Factory with NVIDIA combines Dell's infrastructure with NVIDIA's AI software and GPU technologies to deliver end-to-end solutions that can reduce setup time by up to 86% compared to traditional approaches. The company also continues to strengthen its partnership with NVIDIA, announcing products that leverage NVIDIA's Blackwell family and other updates launched at NVIDIA GTC. As of today, Dell supports choice by delivering AI solutions with all of the primary GPU and AI accelerator infrastructure providers.
    Client-Side AI Advancements
    At the edge of the AI Factory ecosystem, Dell announced enhancements to the Dell Pro Max in a mobile form factor, leveraging Qualcomm’s AI 100 discrete NPUs designed for AI engineers and data scientists who need fast inferencing capabilities. With up to 288 TOPs at 16-bit floating point precision, these devices can power up to a 70-billion parameter model, delivering 7x the inferencing speed and 4x the accuracy over a 40 TOPs NPU. According to Dell, the Pro Max Plus line can run a 109-billion parameter AI model.
    The Dell Pro Max Plus targets AI engineers and data scientist with with the ability to run a ... More 109-billion parameter modelDell Technologies
    The Pro Max and Plus launches follow Dell's previous announcement of AI PCs featuring Dell Pro Max with GB 10 and GB 300 processors powered by NVIDIA's Grace Blackwell architecture. Overall, Dell has simplified its PC portfolio but made it easier for customers to choose the right system for their workloads by providing the latest chips from AMD, Intel, Nvidia, and Qualcomm.
    On-Premise AI Deployment Gains Ecosystem Momentum
    Following the theme of choice, organizations need the flexibility to run AI workloads on-premises and in the cloud. Dell is making significant strides in enabling on-premise AI deployments with major software partners. The company announced it is the first provider to bring Cohere capabilities on-premises, combining Cohere's generative AI models with Dell's secure, scalable infrastructure for turnkey enterprise solutions.
    Similar partnerships with Mistral and Glean were also announced, with Dell facilitating their first on-premise deployments. Additionally, Dell is supporting Google's Gemini on-premises with Google Distributed Cloud.
    To simplify model deployment, Dell now offers customers the ability to choose models on Hugging Face and deploy them in an automated fashion using containers and scripts. Enterprises increasingly recognize that while public cloud AI has its place, a hybrid AI infrastructure approach could deliver better economics and security for production workloads.
    The imperative for scalable yet efficient AI infrastructure at the edge is a growing need. As Michael Dell said during his Dell Technologies World keynote, “Over 75% of enterprise data will soon be created and processed at the edge, and AI will follow that data; it's not the other way around. The future of AI will be decentralized, low latency, and hyper-efficient.”
    Dell's ability to offer robust hybrid and fully on-premises solutions for AI is proving to be a significant advantage as companies increasingly seek on-premises support and even potentially air-gapped solutions for their most sensitive AI workloads. Key industries adopting the Dell AI Factory include finance, retail, energy, and healthcare providers.
    Scaling AI Requires a Focus on Energy Efficiency
    Simplifying AI also requires product innovations that deliver cost-effective, energy-efficient technology. As AI workloads drive unprecedented power consumption, Dell has prioritized energy efficiency in its latest offerings. The company introduced the Dell PowerCool Enclosed Rear Door Heat Exchangerwith Dell Integrated Rack Controller. This new cooling solution captures nearly 100% of the heat coming from GPU-intensive workloads. This innovation lowers cooling energy requirements for a rack by 60%, allowing customers to deploy 16% more racks with the same power infrastructure.
    Dell's new systems are rated to operate at 32 to 37 degrees Celsius, supporting significantly warmer temperatures than traditional air-cooled or water-chilled systems, further reducing power consumption for cooling. The PowerEdge XE9785L now offers Dell liquid cooling for flexible power management. Even if a company isn't aiming for a specific sustainability goal, every organization wants to improve energy utilization.
    Early Adopter Use Cases Highlight AI's Opportunity
    With over 200 product enhancements to its AI Factory in just one year, Dell Technologies is positioning itself as a central player in the rapidly evolving enterprise AI infrastructure market. It offers the breadth of solutions and expertise organizations require to successfully implement production-grade AI systems in a secure and scalable fashion. However, none of this technology matters if enterprises can't find a way to create business value by adopting it. Fortunately, examples from the first wave of enterprise early adopters highlight ways AI can deliver meaningful returns in productivity and customer experience. Let's look at two use cases presented at Dell Tech World.Michael Dell, CEO of Dell Technologies, interviews Larry Feinsmith, the Managing Director and Head ... More of Global Tech Strategy, Innovation & Partnerships at JPMorgan Chase at Dell Technologies WorldDell Technologies
    The Power of LLMs in Finance at JPMorgan Chase
    JPMorgan Chase took the stage to make AI real from a customer’s perspective. The financial firm uses Dell's compute hardware, software-defined storage, client, and peripheral solutions. Larry Feinsmith, the Managing Director and Head of Global Tech Strategy, Innovation & Partnerships at JPMorgan Chase, said, "We have a hybrid, multi-cloud, multi-provider strategy. Our private cloud is an incredibly strategic asset for us. We still have many applications and data on-premises for resiliency, latency, and a variety of other benefits."
    Feinsmith also spoke of the company's Large Language Modelstrategy. He said, “Our strategy is to use a constellation of models, both foundational and open, which requires a tremendous amount of compute in our data centers, in the public cloud, and, of course, at the edge. The one constant thing, whether you're training models, fine-tuning models, or finding a great use case that has large-scale inferencing, is that they all will drive compute. We think Dell is incredibly well positioned to help JPMorgan Chase and other companies in their AI journey.”
    Feinsmith noted that using AI isn't new for JPMorgan Chase. For over a decade, JPMorgan Chase has leveraged various types of AI, such as machine learning models for fraud detection, personalization, and marketing operations. The company uses what Feinsmith called its LLM suite, which over 200,000 people at JPMorgan Chase use today. The generative AI application is used for QA summarization and content generation using JPMorgan Chase's data in a highly secure way. Next, it has used the LLM suite architecture to build applications for its financial advisors, contact center agents, and any employee interacting with its clients. Its third use case highlighted changes in the software development area. JPMorgan Chase rolled out code generation AI capabilities to over 40,000 engineers. It has achieved as much as 20% productivity in the code creation and expects to leverage AI throughout the software development life cycle. Going forward, the financial firm expects to use AI agents and reasoning models to execute complex business processes end-to-end.Seemantini Godbole, EVP and Chief Digital and Information Officer at Lowe's shares the retailers AI ... More strategy at Dell Technologies WorldDell Technologies.
    How AI Makes It Easier For Employees to Serve Customers at Lowe's
    Lowe's Home Improvement Stores provided another example of how companies are leveraging Dell Technology and AI to transform the customer and employee experience. Seemantini Godbole, EVP and Chief Digital and Information Officer at Lowe's, shared insights on designing the strategy for AI when she said, "How should we deploy AI? We wanted to do impactful and meaningful things. We did not want to die a death of 1000 pilots, and we organized our efforts across how we sell, how we shop, and how we work. How we sell was for our associates. How we shop is for our customers, and how we work is for our headquarters employees. For whatever reason, most companies have begun with their workforce in the headquarters. We said, No, we are going to put AI in the hands of 300,000 associates."
    For example, she described a generative AI companion app for store associates. "Every store associate now has on his or her zebra device a ChatGPT-like experience for home improvement.", said Godbole. Lowe's is also deploying computer vision algorithms at the edge to understand issues such as whether a customer in a particular aisle is waiting for help. The system will then send notifications to the associates in that department. Customers can also ask various home improvement questions, such as what paint finish to use in a bathroom, at Lowes.com/AI.
    Designing A World Where AI Infrastructure Delivers Human Opportunity
    Michael Dell said, "We are entering the age of ubiquitous intelligence, where AI becomes as essential as electricity, with AI, you can distill years of experience into instant insights, speeding up decisions and uncovering patterns in massive data. But it’s not here to replace humans. AI is a collaborator that frees your teams to do what they do best, to innovate, to imagine, and to solve the world's toughest problems."
    While there are many AI deployment challenges ahead, the customer examples shared at Dell Technologies World provide a glimpse into a world where AI infrastructure and services benefits both customers and employees. The challenge now is to do this sustainably and ethically at scale.
    #how #dells #infrastructure #updates #deliver
    How Dell’s AI Infrastructure Updates Deliver Choice, Control And Scale
    Dell Technologies World focuses its keynote on Inventing the Future with AIDell Technologies Dell Technologies unveiled a significant expansion of its Dell AI Factory platform at its annual Dell Technologies World conference today, announcing over 40 product enhancements designed to help enterprises deploy artificial intelligence workloads more efficiently across both on-premises environments and cloud systems. The Dell AI Factory is not a physical manufacturing facility but a comprehensive framework combining advanced infrastructure, validated solutions, services, and an open ecosystem to help businesses harness the full potential of artificial intelligence across diverse environments—from data centers and cloud to edge locations and AI PCs. The company has attracted over 3,000 AI Factory customers since launching the platform last year. In an earlier call with industry analysts, Dell shared research stating that 79% of production AI workloads are running outside of public cloud environments—a trend driven by cost, security, and data governance concerns. During the keynote, Michael Dell provided more color on the value of Dell’s AI factory concept. He said, "The Dell AI factory is up to 60% more cost effective than the public cloud, and recent studies indicate that about three-fourths of AI initiatives are meeting or exceeding expectations. That means organizations are driving ROI and productivity gains from 20% to 40% in some cases. Making AI Easier to Deploy Organizations need the freedom to run AI workloads wherever makes the most sense for their business, without sacrificing performance or control. While IT leaders embraced the public cloud for their initial AI services, many organizations are now looking for a more nuanced approach where the company can control over their most critical AI assets while maintaining the flexibility to use cloud resources when appropriate. Over 80 percent of the companies Lopez Research interviewed said they struggled to find the budget and technical talent to deploy AI. These AI deployment challenges have only increased as more AI models and AI infrastructure services were launched. Silicon Diversity and Customer Choice A central theme of Dell's AI Factory message is how Dell makes AI easier to deploy while delivering choice. Dell is offering customers choice through silicon diversity in its designs, but also with ISV models. The company announced it has added Intel to its AI Factory portfolio with Intel Gaudi 3 AI accelerators and Intel Xeon processors, with a strong focus on inferencing workloads. Dell also announced its fourth update to the Dell AI Platform with AMD, rolling out two new PowerEdge servers—the XE9785 and the XE9785L—equipped with the latest AMD Instinct MI350 series GPUs. The Dell AI Factory with NVIDIA combines Dell's infrastructure with NVIDIA's AI software and GPU technologies to deliver end-to-end solutions that can reduce setup time by up to 86% compared to traditional approaches. The company also continues to strengthen its partnership with NVIDIA, announcing products that leverage NVIDIA's Blackwell family and other updates launched at NVIDIA GTC. As of today, Dell supports choice by delivering AI solutions with all of the primary GPU and AI accelerator infrastructure providers. Client-Side AI Advancements At the edge of the AI Factory ecosystem, Dell announced enhancements to the Dell Pro Max in a mobile form factor, leveraging Qualcomm’s AI 100 discrete NPUs designed for AI engineers and data scientists who need fast inferencing capabilities. With up to 288 TOPs at 16-bit floating point precision, these devices can power up to a 70-billion parameter model, delivering 7x the inferencing speed and 4x the accuracy over a 40 TOPs NPU. According to Dell, the Pro Max Plus line can run a 109-billion parameter AI model. The Dell Pro Max Plus targets AI engineers and data scientist with with the ability to run a ... More 109-billion parameter modelDell Technologies The Pro Max and Plus launches follow Dell's previous announcement of AI PCs featuring Dell Pro Max with GB 10 and GB 300 processors powered by NVIDIA's Grace Blackwell architecture. Overall, Dell has simplified its PC portfolio but made it easier for customers to choose the right system for their workloads by providing the latest chips from AMD, Intel, Nvidia, and Qualcomm. On-Premise AI Deployment Gains Ecosystem Momentum Following the theme of choice, organizations need the flexibility to run AI workloads on-premises and in the cloud. Dell is making significant strides in enabling on-premise AI deployments with major software partners. The company announced it is the first provider to bring Cohere capabilities on-premises, combining Cohere's generative AI models with Dell's secure, scalable infrastructure for turnkey enterprise solutions. Similar partnerships with Mistral and Glean were also announced, with Dell facilitating their first on-premise deployments. Additionally, Dell is supporting Google's Gemini on-premises with Google Distributed Cloud. To simplify model deployment, Dell now offers customers the ability to choose models on Hugging Face and deploy them in an automated fashion using containers and scripts. Enterprises increasingly recognize that while public cloud AI has its place, a hybrid AI infrastructure approach could deliver better economics and security for production workloads. The imperative for scalable yet efficient AI infrastructure at the edge is a growing need. As Michael Dell said during his Dell Technologies World keynote, “Over 75% of enterprise data will soon be created and processed at the edge, and AI will follow that data; it's not the other way around. The future of AI will be decentralized, low latency, and hyper-efficient.” Dell's ability to offer robust hybrid and fully on-premises solutions for AI is proving to be a significant advantage as companies increasingly seek on-premises support and even potentially air-gapped solutions for their most sensitive AI workloads. Key industries adopting the Dell AI Factory include finance, retail, energy, and healthcare providers. Scaling AI Requires a Focus on Energy Efficiency Simplifying AI also requires product innovations that deliver cost-effective, energy-efficient technology. As AI workloads drive unprecedented power consumption, Dell has prioritized energy efficiency in its latest offerings. The company introduced the Dell PowerCool Enclosed Rear Door Heat Exchangerwith Dell Integrated Rack Controller. This new cooling solution captures nearly 100% of the heat coming from GPU-intensive workloads. This innovation lowers cooling energy requirements for a rack by 60%, allowing customers to deploy 16% more racks with the same power infrastructure. Dell's new systems are rated to operate at 32 to 37 degrees Celsius, supporting significantly warmer temperatures than traditional air-cooled or water-chilled systems, further reducing power consumption for cooling. The PowerEdge XE9785L now offers Dell liquid cooling for flexible power management. Even if a company isn't aiming for a specific sustainability goal, every organization wants to improve energy utilization. Early Adopter Use Cases Highlight AI's Opportunity With over 200 product enhancements to its AI Factory in just one year, Dell Technologies is positioning itself as a central player in the rapidly evolving enterprise AI infrastructure market. It offers the breadth of solutions and expertise organizations require to successfully implement production-grade AI systems in a secure and scalable fashion. However, none of this technology matters if enterprises can't find a way to create business value by adopting it. Fortunately, examples from the first wave of enterprise early adopters highlight ways AI can deliver meaningful returns in productivity and customer experience. Let's look at two use cases presented at Dell Tech World.Michael Dell, CEO of Dell Technologies, interviews Larry Feinsmith, the Managing Director and Head ... More of Global Tech Strategy, Innovation & Partnerships at JPMorgan Chase at Dell Technologies WorldDell Technologies The Power of LLMs in Finance at JPMorgan Chase JPMorgan Chase took the stage to make AI real from a customer’s perspective. The financial firm uses Dell's compute hardware, software-defined storage, client, and peripheral solutions. Larry Feinsmith, the Managing Director and Head of Global Tech Strategy, Innovation & Partnerships at JPMorgan Chase, said, "We have a hybrid, multi-cloud, multi-provider strategy. Our private cloud is an incredibly strategic asset for us. We still have many applications and data on-premises for resiliency, latency, and a variety of other benefits." Feinsmith also spoke of the company's Large Language Modelstrategy. He said, “Our strategy is to use a constellation of models, both foundational and open, which requires a tremendous amount of compute in our data centers, in the public cloud, and, of course, at the edge. The one constant thing, whether you're training models, fine-tuning models, or finding a great use case that has large-scale inferencing, is that they all will drive compute. We think Dell is incredibly well positioned to help JPMorgan Chase and other companies in their AI journey.” Feinsmith noted that using AI isn't new for JPMorgan Chase. For over a decade, JPMorgan Chase has leveraged various types of AI, such as machine learning models for fraud detection, personalization, and marketing operations. The company uses what Feinsmith called its LLM suite, which over 200,000 people at JPMorgan Chase use today. The generative AI application is used for QA summarization and content generation using JPMorgan Chase's data in a highly secure way. Next, it has used the LLM suite architecture to build applications for its financial advisors, contact center agents, and any employee interacting with its clients. Its third use case highlighted changes in the software development area. JPMorgan Chase rolled out code generation AI capabilities to over 40,000 engineers. It has achieved as much as 20% productivity in the code creation and expects to leverage AI throughout the software development life cycle. Going forward, the financial firm expects to use AI agents and reasoning models to execute complex business processes end-to-end.Seemantini Godbole, EVP and Chief Digital and Information Officer at Lowe's shares the retailers AI ... More strategy at Dell Technologies WorldDell Technologies. How AI Makes It Easier For Employees to Serve Customers at Lowe's Lowe's Home Improvement Stores provided another example of how companies are leveraging Dell Technology and AI to transform the customer and employee experience. Seemantini Godbole, EVP and Chief Digital and Information Officer at Lowe's, shared insights on designing the strategy for AI when she said, "How should we deploy AI? We wanted to do impactful and meaningful things. We did not want to die a death of 1000 pilots, and we organized our efforts across how we sell, how we shop, and how we work. How we sell was for our associates. How we shop is for our customers, and how we work is for our headquarters employees. For whatever reason, most companies have begun with their workforce in the headquarters. We said, No, we are going to put AI in the hands of 300,000 associates." For example, she described a generative AI companion app for store associates. "Every store associate now has on his or her zebra device a ChatGPT-like experience for home improvement.", said Godbole. Lowe's is also deploying computer vision algorithms at the edge to understand issues such as whether a customer in a particular aisle is waiting for help. The system will then send notifications to the associates in that department. Customers can also ask various home improvement questions, such as what paint finish to use in a bathroom, at Lowes.com/AI. Designing A World Where AI Infrastructure Delivers Human Opportunity Michael Dell said, "We are entering the age of ubiquitous intelligence, where AI becomes as essential as electricity, with AI, you can distill years of experience into instant insights, speeding up decisions and uncovering patterns in massive data. But it’s not here to replace humans. AI is a collaborator that frees your teams to do what they do best, to innovate, to imagine, and to solve the world's toughest problems." While there are many AI deployment challenges ahead, the customer examples shared at Dell Technologies World provide a glimpse into a world where AI infrastructure and services benefits both customers and employees. The challenge now is to do this sustainably and ethically at scale. #how #dells #infrastructure #updates #deliver
    WWW.FORBES.COM
    How Dell’s AI Infrastructure Updates Deliver Choice, Control And Scale
    Dell Technologies World focuses its keynote on Inventing the Future with AIDell Technologies Dell Technologies unveiled a significant expansion of its Dell AI Factory platform at its annual Dell Technologies World conference today, announcing over 40 product enhancements designed to help enterprises deploy artificial intelligence workloads more efficiently across both on-premises environments and cloud systems. The Dell AI Factory is not a physical manufacturing facility but a comprehensive framework combining advanced infrastructure, validated solutions, services, and an open ecosystem to help businesses harness the full potential of artificial intelligence across diverse environments—from data centers and cloud to edge locations and AI PCs. The company has attracted over 3,000 AI Factory customers since launching the platform last year. In an earlier call with industry analysts, Dell shared research stating that 79% of production AI workloads are running outside of public cloud environments—a trend driven by cost, security, and data governance concerns. During the keynote, Michael Dell provided more color on the value of Dell’s AI factory concept. He said, "The Dell AI factory is up to 60% more cost effective than the public cloud, and recent studies indicate that about three-fourths of AI initiatives are meeting or exceeding expectations. That means organizations are driving ROI and productivity gains from 20% to 40% in some cases. Making AI Easier to Deploy Organizations need the freedom to run AI workloads wherever makes the most sense for their business, without sacrificing performance or control. While IT leaders embraced the public cloud for their initial AI services, many organizations are now looking for a more nuanced approach where the company can control over their most critical AI assets while maintaining the flexibility to use cloud resources when appropriate. Over 80 percent of the companies Lopez Research interviewed said they struggled to find the budget and technical talent to deploy AI. These AI deployment challenges have only increased as more AI models and AI infrastructure services were launched. Silicon Diversity and Customer Choice A central theme of Dell's AI Factory message is how Dell makes AI easier to deploy while delivering choice. Dell is offering customers choice through silicon diversity in its designs, but also with ISV models. The company announced it has added Intel to its AI Factory portfolio with Intel Gaudi 3 AI accelerators and Intel Xeon processors, with a strong focus on inferencing workloads. Dell also announced its fourth update to the Dell AI Platform with AMD, rolling out two new PowerEdge servers—the XE9785 and the XE9785L—equipped with the latest AMD Instinct MI350 series GPUs. The Dell AI Factory with NVIDIA combines Dell's infrastructure with NVIDIA's AI software and GPU technologies to deliver end-to-end solutions that can reduce setup time by up to 86% compared to traditional approaches. The company also continues to strengthen its partnership with NVIDIA, announcing products that leverage NVIDIA's Blackwell family and other updates launched at NVIDIA GTC. As of today, Dell supports choice by delivering AI solutions with all of the primary GPU and AI accelerator infrastructure providers. Client-Side AI Advancements At the edge of the AI Factory ecosystem, Dell announced enhancements to the Dell Pro Max in a mobile form factor, leveraging Qualcomm’s AI 100 discrete NPUs designed for AI engineers and data scientists who need fast inferencing capabilities. With up to 288 TOPs at 16-bit floating point precision, these devices can power up to a 70-billion parameter model, delivering 7x the inferencing speed and 4x the accuracy over a 40 TOPs NPU. According to Dell, the Pro Max Plus line can run a 109-billion parameter AI model. The Dell Pro Max Plus targets AI engineers and data scientist with with the ability to run a ... More 109-billion parameter modelDell Technologies The Pro Max and Plus launches follow Dell's previous announcement of AI PCs featuring Dell Pro Max with GB 10 and GB 300 processors powered by NVIDIA's Grace Blackwell architecture. Overall, Dell has simplified its PC portfolio but made it easier for customers to choose the right system for their workloads by providing the latest chips from AMD, Intel, Nvidia, and Qualcomm. On-Premise AI Deployment Gains Ecosystem Momentum Following the theme of choice, organizations need the flexibility to run AI workloads on-premises and in the cloud. Dell is making significant strides in enabling on-premise AI deployments with major software partners. The company announced it is the first provider to bring Cohere capabilities on-premises, combining Cohere's generative AI models with Dell's secure, scalable infrastructure for turnkey enterprise solutions. Similar partnerships with Mistral and Glean were also announced, with Dell facilitating their first on-premise deployments. Additionally, Dell is supporting Google's Gemini on-premises with Google Distributed Cloud. To simplify model deployment, Dell now offers customers the ability to choose models on Hugging Face and deploy them in an automated fashion using containers and scripts. Enterprises increasingly recognize that while public cloud AI has its place, a hybrid AI infrastructure approach could deliver better economics and security for production workloads. The imperative for scalable yet efficient AI infrastructure at the edge is a growing need. As Michael Dell said during his Dell Technologies World keynote, “Over 75% of enterprise data will soon be created and processed at the edge, and AI will follow that data; it's not the other way around. The future of AI will be decentralized, low latency, and hyper-efficient.” Dell's ability to offer robust hybrid and fully on-premises solutions for AI is proving to be a significant advantage as companies increasingly seek on-premises support and even potentially air-gapped solutions for their most sensitive AI workloads. Key industries adopting the Dell AI Factory include finance, retail, energy, and healthcare providers. Scaling AI Requires a Focus on Energy Efficiency Simplifying AI also requires product innovations that deliver cost-effective, energy-efficient technology. As AI workloads drive unprecedented power consumption, Dell has prioritized energy efficiency in its latest offerings. The company introduced the Dell PowerCool Enclosed Rear Door Heat Exchanger (eRDHx) with Dell Integrated Rack Controller (IRC). This new cooling solution captures nearly 100% of the heat coming from GPU-intensive workloads. This innovation lowers cooling energy requirements for a rack by 60%, allowing customers to deploy 16% more racks with the same power infrastructure. Dell's new systems are rated to operate at 32 to 37 degrees Celsius, supporting significantly warmer temperatures than traditional air-cooled or water-chilled systems, further reducing power consumption for cooling. The PowerEdge XE9785L now offers Dell liquid cooling for flexible power management. Even if a company isn't aiming for a specific sustainability goal, every organization wants to improve energy utilization. Early Adopter Use Cases Highlight AI's Opportunity With over 200 product enhancements to its AI Factory in just one year, Dell Technologies is positioning itself as a central player in the rapidly evolving enterprise AI infrastructure market. It offers the breadth of solutions and expertise organizations require to successfully implement production-grade AI systems in a secure and scalable fashion. However, none of this technology matters if enterprises can't find a way to create business value by adopting it. Fortunately, examples from the first wave of enterprise early adopters highlight ways AI can deliver meaningful returns in productivity and customer experience. Let's look at two use cases presented at Dell Tech World.Michael Dell, CEO of Dell Technologies, interviews Larry Feinsmith, the Managing Director and Head ... More of Global Tech Strategy, Innovation & Partnerships at JPMorgan Chase at Dell Technologies WorldDell Technologies The Power of LLMs in Finance at JPMorgan Chase JPMorgan Chase took the stage to make AI real from a customer’s perspective. The financial firm uses Dell's compute hardware, software-defined storage, client, and peripheral solutions. Larry Feinsmith, the Managing Director and Head of Global Tech Strategy, Innovation & Partnerships at JPMorgan Chase, said, "We have a hybrid, multi-cloud, multi-provider strategy. Our private cloud is an incredibly strategic asset for us. We still have many applications and data on-premises for resiliency, latency, and a variety of other benefits." Feinsmith also spoke of the company's Large Language Model (LLM) strategy. He said, “Our strategy is to use a constellation of models, both foundational and open, which requires a tremendous amount of compute in our data centers, in the public cloud, and, of course, at the edge. The one constant thing, whether you're training models, fine-tuning models, or finding a great use case that has large-scale inferencing, is that they all will drive compute. We think Dell is incredibly well positioned to help JPMorgan Chase and other companies in their AI journey.” Feinsmith noted that using AI isn't new for JPMorgan Chase. For over a decade, JPMorgan Chase has leveraged various types of AI, such as machine learning models for fraud detection, personalization, and marketing operations. The company uses what Feinsmith called its LLM suite, which over 200,000 people at JPMorgan Chase use today. The generative AI application is used for QA summarization and content generation using JPMorgan Chase's data in a highly secure way. Next, it has used the LLM suite architecture to build applications for its financial advisors, contact center agents, and any employee interacting with its clients. Its third use case highlighted changes in the software development area. JPMorgan Chase rolled out code generation AI capabilities to over 40,000 engineers. It has achieved as much as 20% productivity in the code creation and expects to leverage AI throughout the software development life cycle. Going forward, the financial firm expects to use AI agents and reasoning models to execute complex business processes end-to-end.Seemantini Godbole, EVP and Chief Digital and Information Officer at Lowe's shares the retailers AI ... More strategy at Dell Technologies WorldDell Technologies. How AI Makes It Easier For Employees to Serve Customers at Lowe's Lowe's Home Improvement Stores provided another example of how companies are leveraging Dell Technology and AI to transform the customer and employee experience. Seemantini Godbole, EVP and Chief Digital and Information Officer at Lowe's, shared insights on designing the strategy for AI when she said, "How should we deploy AI? We wanted to do impactful and meaningful things. We did not want to die a death of 1000 pilots, and we organized our efforts across how we sell, how we shop, and how we work. How we sell was for our associates. How we shop is for our customers, and how we work is for our headquarters employees. For whatever reason, most companies have begun with their workforce in the headquarters. We said, No, we are going to put AI in the hands of 300,000 associates." For example, she described a generative AI companion app for store associates. "Every store associate now has on his or her zebra device a ChatGPT-like experience for home improvement.", said Godbole. Lowe's is also deploying computer vision algorithms at the edge to understand issues such as whether a customer in a particular aisle is waiting for help. The system will then send notifications to the associates in that department. Customers can also ask various home improvement questions, such as what paint finish to use in a bathroom, at Lowes.com/AI. Designing A World Where AI Infrastructure Delivers Human Opportunity Michael Dell said, "We are entering the age of ubiquitous intelligence, where AI becomes as essential as electricity, with AI, you can distill years of experience into instant insights, speeding up decisions and uncovering patterns in massive data. But it’s not here to replace humans. AI is a collaborator that frees your teams to do what they do best, to innovate, to imagine, and to solve the world's toughest problems." While there are many AI deployment challenges ahead, the customer examples shared at Dell Technologies World provide a glimpse into a world where AI infrastructure and services benefits both customers and employees. The challenge now is to do this sustainably and ethically at scale.
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  • Jamie Dimon opens the door to bitcoin, warns against stagflation in wide-ranging remarks to investors

    Jamie Dimon

    Tom Williams/CQ-Roll Call, Inc via Getty Images

    2025-05-19T19:21:31Z

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    JPMorgan CEO Jamie Dimon addressed a range of topics at the firm's Investor Day meeting on Monday.
    He said the bank will allow investors to buy bitcoin, while warning against stagflation.
    He sounded dour on the economy but hopeful on the potential for a regulatory reset.

    Jamie Dimon isn't a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase nonetheless."We are going to allow you to buy it," Dimon said at the bank's annual presentation for investors on Monday. "We're not going to custody it. We're going to put it in statements for clients.""I don't think you should smoke. But I defend your right to smoke," he said in explaining his position. The bitcoin comments came as the JPMorgan CEO, often considered Wall Street's elder statesman, took the stage to answer questions from investors and research analysts. In the roughly 40-minute session, he touched on a range of topics, from the economy to what he expects from Trump's regulators. Dimon sounded a dour note on the economy, saying he thinks the risk of stagflation is "two times" higher than many think, and making dire predictions on credit as an investment class. "I think the worst one for a bank and for most companies is stagflation," he continued, warning: "I think the odds of that are probably two times what the market thinks."He also said the bank had lost some commercial opportunities as a result of Trump's trade war. "We've lost business because of that," he said in response to an analyst's question.He sounded upbeat, however, when it came to the president's regulatory agenda. "I think that the Secretary of Treasury, the president of the United States, the new head of the OCC, the new head of the CFPB, Michelle Bowman at Federal Reserve, and the SEC have all made it clear that they want to fix some of the things they think are broken," he said. "I think they'll accomplish some of that. Some will take longer than others, but they all want to do it."He called on regulators to consider lightening regulations for publicly traded companies, which he said have been halved since the 1990s, from 8,000 to 4,000. "We're driving companies out of the public marketplace because of expensive reporting, litigation, cookie-cutter approaches to boards, compensation, and litigation," he said. "I would love to be a private company," he added.Dimon also raised questions about the rapid expansion of investments in credit, including through funds raised to make nonbank loans, or private credit. "I don't like making forecasts," Dimon said, "but I am not a buyer of credit today. I think credit today is a bad risk," he said, adding, "I think that people who haven't been through major downturns are missing the point about what can happen in credit." As interest rates rise and economic conditions soften, the risk of credit defaults rises, sometimes leaving borrowers strapped for cash and lenders struggling to recoup capital.Earlier in the day, Marianne Lake, JPMorgan's CEO of consumer and community banking, said the firm was "closely monitoring the whole ecosystem" of lending but not giving up in spite of warning signs. "The environment is very challenging for home lending and auto," she said, adding, "but we remain committed."Have a tip? Contact this reporter via email at ralexander@businessinsider.com or SMS/Signal at 561-247-5758. Use a personal email address and a nonwork device; here's our guide to sharing information securely.

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    #jamie #dimon #opens #door #bitcoin
    Jamie Dimon opens the door to bitcoin, warns against stagflation in wide-ranging remarks to investors
    Jamie Dimon Tom Williams/CQ-Roll Call, Inc via Getty Images 2025-05-19T19:21:31Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? JPMorgan CEO Jamie Dimon addressed a range of topics at the firm's Investor Day meeting on Monday. He said the bank will allow investors to buy bitcoin, while warning against stagflation. He sounded dour on the economy but hopeful on the potential for a regulatory reset. Jamie Dimon isn't a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase nonetheless."We are going to allow you to buy it," Dimon said at the bank's annual presentation for investors on Monday. "We're not going to custody it. We're going to put it in statements for clients.""I don't think you should smoke. But I defend your right to smoke," he said in explaining his position. The bitcoin comments came as the JPMorgan CEO, often considered Wall Street's elder statesman, took the stage to answer questions from investors and research analysts. In the roughly 40-minute session, he touched on a range of topics, from the economy to what he expects from Trump's regulators. Dimon sounded a dour note on the economy, saying he thinks the risk of stagflation is "two times" higher than many think, and making dire predictions on credit as an investment class. "I think the worst one for a bank and for most companies is stagflation," he continued, warning: "I think the odds of that are probably two times what the market thinks."He also said the bank had lost some commercial opportunities as a result of Trump's trade war. "We've lost business because of that," he said in response to an analyst's question.He sounded upbeat, however, when it came to the president's regulatory agenda. "I think that the Secretary of Treasury, the president of the United States, the new head of the OCC, the new head of the CFPB, Michelle Bowman at Federal Reserve, and the SEC have all made it clear that they want to fix some of the things they think are broken," he said. "I think they'll accomplish some of that. Some will take longer than others, but they all want to do it."He called on regulators to consider lightening regulations for publicly traded companies, which he said have been halved since the 1990s, from 8,000 to 4,000. "We're driving companies out of the public marketplace because of expensive reporting, litigation, cookie-cutter approaches to boards, compensation, and litigation," he said. "I would love to be a private company," he added.Dimon also raised questions about the rapid expansion of investments in credit, including through funds raised to make nonbank loans, or private credit. "I don't like making forecasts," Dimon said, "but I am not a buyer of credit today. I think credit today is a bad risk," he said, adding, "I think that people who haven't been through major downturns are missing the point about what can happen in credit." As interest rates rise and economic conditions soften, the risk of credit defaults rises, sometimes leaving borrowers strapped for cash and lenders struggling to recoup capital.Earlier in the day, Marianne Lake, JPMorgan's CEO of consumer and community banking, said the firm was "closely monitoring the whole ecosystem" of lending but not giving up in spite of warning signs. "The environment is very challenging for home lending and auto," she said, adding, "but we remain committed."Have a tip? Contact this reporter via email at ralexander@businessinsider.com or SMS/Signal at 561-247-5758. Use a personal email address and a nonwork device; here's our guide to sharing information securely. Recommended video #jamie #dimon #opens #door #bitcoin
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    Jamie Dimon opens the door to bitcoin, warns against stagflation in wide-ranging remarks to investors
    Jamie Dimon Tom Williams/CQ-Roll Call, Inc via Getty Images 2025-05-19T19:21:31Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? JPMorgan CEO Jamie Dimon addressed a range of topics at the firm's Investor Day meeting on Monday. He said the bank will allow investors to buy bitcoin, while warning against stagflation. He sounded dour on the economy but hopeful on the potential for a regulatory reset. Jamie Dimon isn't a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase nonetheless."We are going to allow you to buy it," Dimon said at the bank's annual presentation for investors on Monday. "We're not going to custody it. We're going to put it in statements for clients.""I don't think you should smoke. But I defend your right to smoke," he said in explaining his position. The bitcoin comments came as the JPMorgan CEO, often considered Wall Street's elder statesman, took the stage to answer questions from investors and research analysts. In the roughly 40-minute session, he touched on a range of topics, from the economy to what he expects from Trump's regulators. Dimon sounded a dour note on the economy, saying he thinks the risk of stagflation is "two times" higher than many think, and making dire predictions on credit as an investment class. "I think the worst one for a bank and for most companies is stagflation," he continued, warning: "I think the odds of that are probably two times what the market thinks."He also said the bank had lost some commercial opportunities as a result of Trump's trade war. "We've lost business because of that," he said in response to an analyst's question.He sounded upbeat, however, when it came to the president's regulatory agenda. "I think that the Secretary of Treasury, the president of the United States, the new head of the OCC, the new head of the CFPB, Michelle Bowman at Federal Reserve, and the SEC have all made it clear that they want to fix some of the things they think are broken," he said. "I think they'll accomplish some of that. Some will take longer than others, but they all want to do it."He called on regulators to consider lightening regulations for publicly traded companies, which he said have been halved since the 1990s, from 8,000 to 4,000. "We're driving companies out of the public marketplace because of expensive reporting, litigation, cookie-cutter approaches to boards, compensation, and litigation," he said. "I would love to be a private company," he added.Dimon also raised questions about the rapid expansion of investments in credit, including through funds raised to make nonbank loans, or private credit. "I don't like making forecasts," Dimon said, "but I am not a buyer of credit today. I think credit today is a bad risk," he said, adding, "I think that people who haven't been through major downturns are missing the point about what can happen in credit." As interest rates rise and economic conditions soften, the risk of credit defaults rises, sometimes leaving borrowers strapped for cash and lenders struggling to recoup capital.Earlier in the day, Marianne Lake, JPMorgan's CEO of consumer and community banking, said the firm was "closely monitoring the whole ecosystem" of lending but not giving up in spite of warning signs. "The environment is very challenging for home lending and auto," she said, adding, "but we remain committed."Have a tip? Contact this reporter via email at ralexander@businessinsider.com or SMS/Signal at 561-247-5758. Use a personal email address and a nonwork device; here's our guide to sharing information securely. Recommended video
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  • JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin

    JPMorgan is now allowing clients to buy bitcoin, a major shift for the largest U.S. bank.
    #jpmorgan #ceo #jamie #dimon #says
    JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
    JPMorgan is now allowing clients to buy bitcoin, a major shift for the largest U.S. bank. #jpmorgan #ceo #jamie #dimon #says
    WWW.CNBC.COM
    JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
    JPMorgan is now allowing clients to buy bitcoin, a major shift for the largest U.S. bank.
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  • The only certainty around Trump's tariffs for consumers and retailers is more uncertainty

    Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. If you're lucky enough to receive a lump sum of cash, it might be tempting to take the trip that's been on your bucket list. But if you want to take the responsible route, BI broke down how to manage a windfall that includes age, risk factors, and financial goals.On the agenda today:Why Microsoft is flattening its management layers.HBO Max is mocking itself with memes as it rebrands … again.The Seed 100: Here are the best early-stage investors of 2025.Goldman Sachs is leaning into AI. Here's what we know about five of its tools.But first: Let's talk tariffs.If this was forwarded to you, sign up here. Download Business Insider's app here.This week's dispatch

    Mint Images/Getty Images/Mint Images RF

    'A lose-lose situation'There are a few ways to think about President Donald Trump's trade deal with China.For one, Wall Street loves it. Stocks recovered their "Liberation Day" losses. Fears of an imminent recession, at least viewed through the lens of the betting markets, have already started to subside.But the real-world ripple effects of the current tariff situation are far less clear-cut. Friday's downbeat consumer sentiment data, the second-worst reading on record, showed just how gloomy people feel right now.Consider how a range of businesses — big and small — reacted in the aftermath of the 90-day pause on higher tariffs with China.Retail titan Walmart said it will raise prices in light of Trump's tariffs. John David Rainey, Walmart's chief financial officer, told CNBC, "the magnitude of these increases is more than any retailer can absorb."Toy maker Hasbro abruptly reversed course on its decision to raise prices and halt some production following Monday's deal, but the future isn't clear. Gina Goetter, Hasbro's chief financial officer, said at a conference, "every day is a new adventure."And for small businesses, planning ahead during this rapidly changing global landscape is proving to be particularly difficult.One small-business owner quantified the tariff impact. Jamey Stegmaier told BI he worries they could put his board game company, Stonemaier Games, out of business.If the full 145% tariffs had remained in effect, he'd need to raise the price of his Wingspan game, which sells for to close to "No one would buy it," he said.He'd love to move production to the US to avoid tariffs. However, the US doesn't have the infrastructure or expertise he said he needs.The current US-China trade agreement also isn't a complete relief. The 30% tariffs are "still painful," Stegmaier added.Ultimately, the unpredictability surrounding Trump's tariff policy means customers could start seeing higher prices across the board."There's no math that makes it work," Stegmaier said. "There's no silver lining. It's a lose-lose-lose situation for everyone involved."Microsoft's bid to flatten management

    Satya Nadellacelebrates Microsoft's 50 year anniversary with Steve Ballmerand Bill GatesJeffrey Dastin/REUTERS

    Microsoft is axing 6,000 jobs to increase "span of control," or the number of employees reporting to each manager. The cuts come as the tech giant reduces costs and invests heavily in AI.The half-dozen Microsoft insiders whom BI spoke to about the cuts see the effort as a good thing.Also read:Max is roasting its own rebrand

    Turning HBO in to HBO Max and then Max and now HBO Max is pretty funny — something the streaming service is acknowledging itself by distributing this meme to the media.

    Warner Bros. Discovery

    The streamer is tacking "HBO" back onto its name after abandoning it in 2023. That may seem a bit ridiculous, and Max is well aware. Instead of being laughed at, Max is opting to laugh with the internet.The social team at Warner Bros. Discovery cooked up a host of memes for the occasion. BI's Dan Whateley broke down why silliness, rather than sincerity, could be the right move.Also read:The top 100 early-stage investors of 2025

    Courtesy of Ben Ling, Ann DeWitt, Meltem Demirors, Kevin Mahaffey, Alexis Ohanian, Ava Horton/BI

    Seed-stage investors reach for their checkbooks after hearing merely the kernel of an idea. They may have the hardest job in VC.Back for its fifth year, BI's Seed 100 list uses Termina's data analysis to identify and honor these dealmakers. Their interests span tech, from defense to consumer.Also read:Five tools in Goldman's AI arsenal

    Getty Images; Jenny Chang-Rodriguez/BI

    The bank's tech chief once said AI would be as ubiquitous as email, with 100% of the workforce relying on it. With Goldman Sachs' up-and-coming slate of AI tools, the bank appears to be on track.BI kept tabs on the rollout of these resources, ranging from an AI assistant to a translation tool.This week's quote:"These days Gates looks like a sage compared to Musk and compared to the administration."— Michael Morris, a professor at the Columbia Business School, on both Elon Musk's and Bill Gates' approach to efficiency.More of this week's top reads:How to get a job in the booming business of secondaries.We found 200 "podcasts" peddling opioids. Now Spotify is taking them down.Meet the CEOs behind YouTube's biggest stars.Please, kids: Do not set your Chromebook on fire.Hulk Hogan's beer brand is eyeing a takeover of the Hooters name.Why Citadel Securities is training its developers on a coding language that hasn't even been released yet.Meta's Llama has reached a turning point with developers as delays and disappointment mount.Brevan Howard hires longtime JPMorgan dealmaker Carlos Hernandez as its first executive chair.In a chilly funding market, a VC explains why legal tech is "as hot as you can humanly imagine."The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Elizabeth Casolo, fellow, in Chicago.
    #only #certainty #around #trump039s #tariffs
    The only certainty around Trump's tariffs for consumers and retailers is more uncertainty
    Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. If you're lucky enough to receive a lump sum of cash, it might be tempting to take the trip that's been on your bucket list. But if you want to take the responsible route, BI broke down how to manage a windfall that includes age, risk factors, and financial goals.On the agenda today:Why Microsoft is flattening its management layers.HBO Max is mocking itself with memes as it rebrands … again.The Seed 100: Here are the best early-stage investors of 2025.Goldman Sachs is leaning into AI. Here's what we know about five of its tools.But first: Let's talk tariffs.If this was forwarded to you, sign up here. Download Business Insider's app here.This week's dispatch Mint Images/Getty Images/Mint Images RF 'A lose-lose situation'There are a few ways to think about President Donald Trump's trade deal with China.For one, Wall Street loves it. Stocks recovered their "Liberation Day" losses. Fears of an imminent recession, at least viewed through the lens of the betting markets, have already started to subside.But the real-world ripple effects of the current tariff situation are far less clear-cut. Friday's downbeat consumer sentiment data, the second-worst reading on record, showed just how gloomy people feel right now.Consider how a range of businesses — big and small — reacted in the aftermath of the 90-day pause on higher tariffs with China.Retail titan Walmart said it will raise prices in light of Trump's tariffs. John David Rainey, Walmart's chief financial officer, told CNBC, "the magnitude of these increases is more than any retailer can absorb."Toy maker Hasbro abruptly reversed course on its decision to raise prices and halt some production following Monday's deal, but the future isn't clear. Gina Goetter, Hasbro's chief financial officer, said at a conference, "every day is a new adventure."And for small businesses, planning ahead during this rapidly changing global landscape is proving to be particularly difficult.One small-business owner quantified the tariff impact. Jamey Stegmaier told BI he worries they could put his board game company, Stonemaier Games, out of business.If the full 145% tariffs had remained in effect, he'd need to raise the price of his Wingspan game, which sells for to close to "No one would buy it," he said.He'd love to move production to the US to avoid tariffs. However, the US doesn't have the infrastructure or expertise he said he needs.The current US-China trade agreement also isn't a complete relief. The 30% tariffs are "still painful," Stegmaier added.Ultimately, the unpredictability surrounding Trump's tariff policy means customers could start seeing higher prices across the board."There's no math that makes it work," Stegmaier said. "There's no silver lining. It's a lose-lose-lose situation for everyone involved."Microsoft's bid to flatten management Satya Nadellacelebrates Microsoft's 50 year anniversary with Steve Ballmerand Bill GatesJeffrey Dastin/REUTERS Microsoft is axing 6,000 jobs to increase "span of control," or the number of employees reporting to each manager. The cuts come as the tech giant reduces costs and invests heavily in AI.The half-dozen Microsoft insiders whom BI spoke to about the cuts see the effort as a good thing.Also read:Max is roasting its own rebrand Turning HBO in to HBO Max and then Max and now HBO Max is pretty funny — something the streaming service is acknowledging itself by distributing this meme to the media. Warner Bros. Discovery The streamer is tacking "HBO" back onto its name after abandoning it in 2023. That may seem a bit ridiculous, and Max is well aware. Instead of being laughed at, Max is opting to laugh with the internet.The social team at Warner Bros. Discovery cooked up a host of memes for the occasion. BI's Dan Whateley broke down why silliness, rather than sincerity, could be the right move.Also read:The top 100 early-stage investors of 2025 Courtesy of Ben Ling, Ann DeWitt, Meltem Demirors, Kevin Mahaffey, Alexis Ohanian, Ava Horton/BI Seed-stage investors reach for their checkbooks after hearing merely the kernel of an idea. They may have the hardest job in VC.Back for its fifth year, BI's Seed 100 list uses Termina's data analysis to identify and honor these dealmakers. Their interests span tech, from defense to consumer.Also read:Five tools in Goldman's AI arsenal Getty Images; Jenny Chang-Rodriguez/BI The bank's tech chief once said AI would be as ubiquitous as email, with 100% of the workforce relying on it. With Goldman Sachs' up-and-coming slate of AI tools, the bank appears to be on track.BI kept tabs on the rollout of these resources, ranging from an AI assistant to a translation tool.This week's quote:"These days Gates looks like a sage compared to Musk and compared to the administration."— Michael Morris, a professor at the Columbia Business School, on both Elon Musk's and Bill Gates' approach to efficiency.More of this week's top reads:How to get a job in the booming business of secondaries.We found 200 "podcasts" peddling opioids. Now Spotify is taking them down.Meet the CEOs behind YouTube's biggest stars.Please, kids: Do not set your Chromebook on fire.Hulk Hogan's beer brand is eyeing a takeover of the Hooters name.Why Citadel Securities is training its developers on a coding language that hasn't even been released yet.Meta's Llama has reached a turning point with developers as delays and disappointment mount.Brevan Howard hires longtime JPMorgan dealmaker Carlos Hernandez as its first executive chair.In a chilly funding market, a VC explains why legal tech is "as hot as you can humanly imagine."The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Elizabeth Casolo, fellow, in Chicago. #only #certainty #around #trump039s #tariffs
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    The only certainty around Trump's tariffs for consumers and retailers is more uncertainty
    Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. If you're lucky enough to receive a lump sum of cash, it might be tempting to take the trip that's been on your bucket list. But if you want to take the responsible route, BI broke down how to manage a windfall that includes age, risk factors, and financial goals.On the agenda today:Why Microsoft is flattening its management layers.HBO Max is mocking itself with memes as it rebrands … again.The Seed 100: Here are the best early-stage investors of 2025.Goldman Sachs is leaning into AI. Here's what we know about five of its tools.But first: Let's talk tariffs.If this was forwarded to you, sign up here. Download Business Insider's app here.This week's dispatch Mint Images/Getty Images/Mint Images RF 'A lose-lose situation'There are a few ways to think about President Donald Trump's trade deal with China.For one, Wall Street loves it. Stocks recovered their "Liberation Day" losses. Fears of an imminent recession, at least viewed through the lens of the betting markets, have already started to subside.But the real-world ripple effects of the current tariff situation are far less clear-cut. Friday's downbeat consumer sentiment data, the second-worst reading on record, showed just how gloomy people feel right now.Consider how a range of businesses — big and small — reacted in the aftermath of the 90-day pause on higher tariffs with China.Retail titan Walmart said it will raise prices in light of Trump's tariffs. John David Rainey, Walmart's chief financial officer, told CNBC, "the magnitude of these increases is more than any retailer can absorb."Toy maker Hasbro abruptly reversed course on its decision to raise prices and halt some production following Monday's deal, but the future isn't clear. Gina Goetter, Hasbro's chief financial officer, said at a conference, "every day is a new adventure."And for small businesses, planning ahead during this rapidly changing global landscape is proving to be particularly difficult.One small-business owner quantified the tariff impact. Jamey Stegmaier told BI he worries they could put his board game company, Stonemaier Games, out of business.If the full 145% tariffs had remained in effect, he'd need to raise the price of his Wingspan game, which sells for $65, to close to $200."No one would buy it," he said.He'd love to move production to the US to avoid tariffs. However, the US doesn't have the infrastructure or expertise he said he needs.The current US-China trade agreement also isn't a complete relief. The 30% tariffs are "still painful," Stegmaier added.Ultimately, the unpredictability surrounding Trump's tariff policy means customers could start seeing higher prices across the board."There's no math that makes it work," Stegmaier said. "There's no silver lining. It's a lose-lose-lose situation for everyone involved."Microsoft's bid to flatten management Satya Nadella (right) celebrates Microsoft's 50 year anniversary with Steve Ballmer (center) and Bill Gates (left) Jeffrey Dastin/REUTERS Microsoft is axing 6,000 jobs to increase "span of control," or the number of employees reporting to each manager. The cuts come as the tech giant reduces costs and invests heavily in AI.The half-dozen Microsoft insiders whom BI spoke to about the cuts see the effort as a good thing.Also read:Max is roasting its own rebrand Turning HBO in to HBO Max and then Max and now HBO Max is pretty funny — something the streaming service is acknowledging itself by distributing this meme to the media. Warner Bros. Discovery The streamer is tacking "HBO" back onto its name after abandoning it in 2023. That may seem a bit ridiculous, and Max is well aware. Instead of being laughed at, Max is opting to laugh with the internet.The social team at Warner Bros. Discovery cooked up a host of memes for the occasion. BI's Dan Whateley broke down why silliness, rather than sincerity, could be the right move.Also read:The top 100 early-stage investors of 2025 Courtesy of Ben Ling, Ann DeWitt, Meltem Demirors, Kevin Mahaffey, Alexis Ohanian, Ava Horton/BI Seed-stage investors reach for their checkbooks after hearing merely the kernel of an idea. They may have the hardest job in VC.Back for its fifth year, BI's Seed 100 list uses Termina's data analysis to identify and honor these dealmakers. Their interests span tech, from defense to consumer.Also read:Five tools in Goldman's AI arsenal Getty Images; Jenny Chang-Rodriguez/BI The bank's tech chief once said AI would be as ubiquitous as email, with 100% of the workforce relying on it. With Goldman Sachs' up-and-coming slate of AI tools, the bank appears to be on track.BI kept tabs on the rollout of these resources, ranging from an AI assistant to a translation tool.This week's quote:"These days Gates looks like a sage compared to Musk and compared to the administration."— Michael Morris, a professor at the Columbia Business School, on both Elon Musk's and Bill Gates' approach to efficiency.More of this week's top reads:How to get a job in the booming business of secondaries.We found 200 "podcasts" peddling opioids. Now Spotify is taking them down.Meet the CEOs behind YouTube's biggest stars.Please, kids: Do not set your Chromebook on fire.Hulk Hogan's beer brand is eyeing a takeover of the Hooters name.Why Citadel Securities is training its developers on a coding language that hasn't even been released yet.Meta's Llama has reached a turning point with developers as delays and disappointment mount.Brevan Howard hires longtime JPMorgan dealmaker Carlos Hernandez as its first executive chair.In a chilly funding market, a VC explains why legal tech is "as hot as you can humanly imagine."The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Elizabeth Casolo, fellow, in Chicago.
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