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Business News

Location American Business News for 24 July 2024
'I am an only child': My father left his $50 million estate to my stepmother in an irrevocable trust. I inherited $1 million. Is this reasonable? "Is it common for entire estates to be left to the second spouse instead of being divided among the children?"
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Bitlayer Secures $11M in Series A Funding Led by Franklin Templeton and ABCDE Bitlayer Labs, the team behind a Bitcoin layer two (L2) solution utilizing the BitVM paradigm, has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE. This investment elevates...
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Here's why Alphabet's stock is shrugging off an earnings beat The Google parent has been showing cost discipline in many areas, but several factors could negatively impact margin expansion in the third quarter.
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Visa's CEO swipes at interchange settlement dismissal

American Banker - 24 Jul 2024 00:37
Visa's CEO swipes at interchange settlement dismissal A federal judge recently rejected an agreement on transaction fees, ensuring that a multi-year battle between the credit card companies and merchants will continue. Ryan McInerney vented during Tuesday's earnings call.
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The developers behind Blizzard Entertainment's World of Warcraft have officially voted to unionize as a part of the CWA.
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Salesforce and Workday forge a groundbreaking AI partnership, revolutionizing enterprise software with unified data integration and an AI-powered employee service agent, reshaping the future of work and customer relation...
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On the Multilingual MMLU tasks, Mistral Large 2 performed on par with Meta's Llama 3.1-405B while delivering significant cost benefits.
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Rules-based Rewards, a method from OpenAI that automates safety scoring, lets developers create clear-cut safety instructions for AI model fine-tuning.
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Stability AI is adding the dimension of time to gen AI video with new 4D model.
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Delta's IT outage-related woes are costing airline $350 million and counting, analysts say The IT outage caused by a CrowdStrike patch that led Delta Air Lines Inc. to cancel some 6,700 flights since Friday will cost the airline $350 million and shave 200 basis points off operating margins.
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German bond yields dive as eurozone economy stalls

Market Watch - 24 Jul 2024 16:28
German bond yields dive as eurozone economy stalls German government bond yields fell sharply on Wednesday, after surveys showed activity in the eurozone all but stalled this month as the bloc's biggest economy contracted.
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The Berkeley SkyDeck accelerator is opening its application eligibility beyond startup founders affiliated with UC Berkeley.
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Developers aren't afraid gen AI will take their jobs, but they don't fully trust the technology yet either.
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Why Biden's exit from the elections briefly pushed Bitcoin price to $68K Biden's exit from the presidential race helped Bitcoin recover, but analysts expect the decision to cause more uncertainty in the crypto market.
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Tesla stock falls 8% as growing competition squeezes profits at Elon Musk's EV maker The Austin, Texas-based company said on Tuesday that it generated 7% less revenue year-over-year in the three-month period that ended in late June.
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The dream job of Xalavier Nelson Jr. | interview

Venture Beat - 24 Jul 2024 15:30
Xalavier Nelson Jr., head of Strange Scaffold, has worked on 90 games in the last eight years.
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Customers of Lambda can reserve access to Nvidia H100 and InfiniBand GPUs "on-demand," and for shorter periods without years long contracts.
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Star Catcher Industries has raised $12.25 million in seed funding to provide an energy grid in space for satellites. With this funding, the Jacksonville, Florida-based company is positioned to help eliminate power constr...
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Vanta raises $150M in Series C funding, reaching $2.45B valuation, as it expands AI-powered trust management and compliance automation globally.
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Quantum Transistors, a developer of advanced quantum processors, has been awarded up to $19 million (€17.5 million) by the European Innovation Council (EIC). Tel Aviv, Israel-based Quantum Transistors received an initi...
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EasyJet says record summer ahead; Heathrow airport reports busiest day - business live Live coverage of business, economics and financial markets as aviation industry reports stronger summer after Ryanair shock German business output dropped in July as the manufacturing sector's woes deepened, to the surpr...
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How Chevron is using gen AI to strike oil

Venture Beat - 24 Jul 2024 02:00
How Chevron is using gen AI, digital twins and robots to analyze massive datasets, make predictions and protect workers and the planet.
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