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The AI market is growing, but how quickly is tough to pin down

Holden Page Contributor Share on Twitter Holden Page is an editor and journalist at Crunchbase News. More posts by this contributor Furniture startups skip the showroom and go straight to your door If you work in tech, you’ve heard about artificial intelligence: how it’s going to replace us, whether it’s over-hyped or not and which nations will leverage it to prevent, or instigate, war. Our editorial b...
Tags: Amazon, Startups, TC, Column, China, Tech, Bloomberg, Artificial Intelligence, Blue Apron, Ai, Zymergen, Crunchbase, Cb Insights, Alex Wilhelm, SenseTime, UBTECH Robotics


Israeli Stocks Extend Gains as Mideast Gauges Climb: Inside EM - Bloomberg

Israeli Stocks Extend Gains as Mideast Gauges Climb: Inside EM - Bloomberg:Shares in Tel Aviv gain for a fourth straight session, with the main gauge advancing as much as 1.7%, the most in the Middle East.Saudi Arabian stocks decline, after earlier adding 0.2%, as the main index trades in overbought territory for the longest period in over two years.Most markets in the Middle East advance after emerging-market equities rose for a fourth week as signs of easing trade tensions supported riskier as...
Tags: Travel, Tel Aviv, Bloomberg, Middle East, Rupert Neil Bumfrey, Mideast Gauges Climb, Middle East Saudi Arabian


#Saudi Crown Prince Shows a `Chilling' Instability, Graham Says - Bloomberg

Saudi Crown Prince Shows a `Chilling' Instability, Graham Says - Bloomberg:Saudi Arabia’s Mohammed bin Salman has shown “a level of instability that is chilling,” and U.S. lawmakers will take action against the crown prince for his role in the murder of journalist Jamal Khashoggi, Senator Lindsey Graham said. Sanctions are forthcoming, likely in the next few days or weeks, the Republican senator said in an interview on Saturday in Ankara, without providing any specific details on the penalties t...
Tags: Travel, Congress, Saudi Arabia, Bloomberg, Donald Trump, Lindsey Graham, Trump, Ankara, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Jamal Khashoggi


Video Of The Week: Our Partner Rebecca Kaden

Rebecca Kaden, who joined USV in late 2017, was on Bloomberg last May. Somehow, I had never seen this. So I am running it today. If you don’t know Rebecca, you should meet her. She’s leading our efforts in a bunch of areas that she talks about in this interview.
Tags: Trends, Bloomberg, USV, Rebecca, VC & Technology, Rebecca Kaden


U.S. Should Slow Syria Pullout to Contain Risks, Graham Says

“I believe it would be an absolute disaster to walk away from Syria and drop in Erdogan’s lap armed elements of YPG that he considers to be terrorist and expect Turkey to deal with that and prevent ISIS from coming back,” Graham, a South Carolina Republican, told Bloomberg in an interview in Ankara. Addressing concerns by Turkey, a NATO ally, over Kurdish militant group YPG can dovetail with American objectives such as containing Iran and the jihadist group Islamic State, he said.
Tags: Isis, News, Islamic State, Bloomberg, Turkey, Iran, Syria, Nato, Graham, Erdogan, South Carolina, Ankara


U.S. Could Soon Pump More Crude Than Saudis Can at Their Peak - Bloomberg

U.S. Could Soon Pump More Crude Than Saudis Can at Their Peak - Bloomberg:America’s journey to preeminence in the global oil trade is about to hit another milestone.Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better.At the moment, Saudi Arabia could raise production all the way up to its maximum capacity of 12 million barrels a day, surpassing the 11.8 milli...
Tags: Travel, Saudi Arabia, Russia, America, Bloomberg, Rupert Neil Bumfrey, International Energy Agency Soon


Oil's Having the Best Start to a Year Since 2001 - Bloomberg

Oil's Having the Best Start to a Year Since 2001 - Bloomberg:Oil hasn’t started off this strong in 18 years.After closing out 2018 in free-fall amid fears of a global supply glut and economic slowdown, U.S. crude prices have rebounded more than 18 percent to start this year. That’s the biggest climb over the first 13 trading days since January 2001, according to New York Mercantile Exchange data compiled by Bloomberg.The swift climb higher has coincided with a steep drop in volatility. After rea...
Tags: Travel, Bloomberg, New York Mercantile Exchange, Rupert Neil Bumfrey


Oil Prices Leap as China Is Said to Seek End of Trade Dispute - Bloomberg

Oil Prices Leap as China Is Said to Seek End of Trade Dispute - Bloomberg:Oil prices spiked to a six-week high after China was said to offer a ramp-up of imports from the U.S. to settle a trade dispute between the world’s biggest economies.Futures rose as much as 3.5 percent in New York on Friday after Bloomberg News reported China has proposed a six-year buying spree of American goods. The offer to boost purchases by $1 trillion eased concerns that the dispute will lead to a prolonged slump in ...
Tags: Travel, New York, China, Bloomberg, Chicago, Bloomberg News, Rupert Neil Bumfrey, Bob Iaccino, Path Trading Partners


Woman sues T-Mobile after employees allegedly snoop on racy private video (ars technica)

Enlarge / A T-Mobile logo on the window of a retail store in Washington, DC, on Thursday, Oct. 23, 2014. (credit: Getty Images | Bloomberg) A New Jersey woman has sued T-Mobile in state court last week for sexual harassment, invasion of privacy, and other counts. She claims that, when she went to trade in her iPhone 7 at a store, two male employees rifled through her photos without her consent. The men allegedly quickly found a private naked video of the woman, referred to in the complaint as...
Tags: News, Bloomberg, Washington Dc, New Jersey, Cyrus Farivar, T Mobile, Ars


Google Is Expected to Get Hit With a Third Antitrust Penalty

The European Union is expected to soon announce another antitrust fine against Google--this time related to its AdSense advertising platform, according to a report from Bloomberg. Commissioner Margrethe Vestager, who heads up EU competition policy, is expected to soon announce a fine for the AdSense product, sources told Bloomberg Thursday evening. It's unclear when exactly...
Tags: Google, General, Advertising, Eu, Bloomberg, European Union, Margrethe Vestager


One of the most negative Netflix analysts on Wall Street explains what would make him change his tune (NFLX)

Wedbush has one of the most bearish outlooks on Netflix of any Wall Street shop. But after the company's earnings on Thursday, the firm's analysts lifted their price target and said they would reconsider their "underperform" rating should Netflix's cash burn stabilize. One of those analysts told Business Insider he would reconsider his rating and price target if Netflix were to aggressively reverse its cash burn. " That would get me to a $256 price target, and I’d reconsider upgrading to Neutr...
Tags: Beyonce, US, Trends, Bloomberg, Netflix, Hulu, Wedbush, NFLX, Michael Pachter, Pachter


University of Virginia announces $120m gift to fund new data science school

One of America’s oldest universities is launching a school for one of the world’s youngest disciplines. The University of Virginia announced today that it has received a $120 million private donation to endow a new School of Data Science. The donation is the largest in the university’s history, and will create the twelfth school at the university. The donation was offered by the Quantitative Foundation, which is based in UVA’s hometown of Charlottesville. Jaffray Woodriff, the founder and CEO of...
Tags: TC, Facebook, Education, Virginia, America, Tech, Bloomberg, Analytics, Mit, Harvard, University, Data Science, Uva, University Of Virginia, Charlottesville, University Of California San Diego


China offers to ramp up U.S. imports: Bloomberg

China has offered to go on a six-year buying spree to ramp up imports from the United States in order to reconfigure the relation between the two countries, Bloomberg reported on Friday, citing people familiar with the matter.
Tags: Money, China, Bloomberg, businessNews, United States


IEA Sees Oil Demand Growth Defying Economic Slowdown, For Now - Bloomberg

IEA Sees Oil Demand Growth Defying Economic Slowdown, For Now - Bloomberg:Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.After slumping in the fourth quarter, oil prices “will provide some stimulus to demand,” said the Paris-based agency, which advises most of the world’s major economies on energy policy. Still, as “the mood music in the global economy is ...
Tags: Travel, China, Opec, Bloomberg, Paris, IEA, International Energy Agency, Rupert Neil Bumfrey


Attempts To Make Shutdown 'Painless' May Stretch Limits Of Federal Law

The Trump administration is trying to minimize the impact of the government shutdown by bringing furloughed workers back to work without pay. Critics say this may run afoul of the law.(Image credit: Bloomberg via Getty Images)
Tags: News, Bloomberg, Trump


‘If Humanity Was The Market, You Would Go Short Now’: Legendary Investor Pledges $1 Billion to Fight Climate Change

Stock market investment veteran and co-founder of $70 billion fund Mayo Van Otterloo, Jeremy Grantham, has pledged to spend 98 percent of his net worth – approximately $1 billion – on what he sees as a race against the ticking time bomb of humanity’s fragile deal with the environment. Bloomberg reports that through his foundation, Grantham and
Tags: Science, Bloomberg, Grantham, Mayo Van Otterloo Jeremy Grantham


Almost half of the Model 3s registered in the US during the first 10 months of 2018 came from California, but experts say it won't hurt Tesla's future (TSLA)

Nearly half of the US' Tesla Model 3 registrations during the first 10 months of 2018 came from California, Bloomberg reported on Wednesday, citing data from IHS Markit. The high percentage of Model 3 registrations from California does not hold any negative implications for Tesla in the short or long term, said Gene Munster, a managing partner at Loup Ventures. The disparity between California and other states results from the factors that make California residents more receptive to electric v...
Tags: Elon Musk, Florida, California, US, Trends, Tesla, Bloomberg, Azealia Banks, Gartner, TSLA, Chrysler, Grimes, Munster, Ramsey, Michael Ramsey, Tesla CEO Elon Musk


Russia Aims to Speed Up Oil Output Cuts as Saudis Criticize Pace - Bloomberg

Russia Aims to Speed Up Oil Output Cuts as Saudis Criticize Pace - Bloomberg:Russia is aiming to accelerate the pace of oil production cuts after its reductions drew criticism from Saudi Arabia.“Of course, we will try to make the cuts faster,” Energy Minister Alexander Novak told reporters in Belgrade, Serbia. “We have our limitations of a technological nature, yet we will aim to reach the levels we agreed on.”Novak’s comments come just days after Saudi Energy Minister Khalid Al-Falih said Russi...
Tags: Travel, Saudi Arabia, Russia, Bloomberg, Novak, Organization of Petroleum Exporting Countries, BELGRADE Serbia, Khalid al Falih, Alexander Novak, Rupert Neil Bumfrey, Saudi Energy


Snap and WeWork have done an outstanding job showing the problems with making CEOs all-powerful (FB, GOOGL, DBX, SNAP, ROKU)

Recent news out of WeWork and Snap illustrates the shortcomings of their corporate structures.  At Snap, CEO Evan Spiegel's imperial management style seems to be driving away numerous top managers, including its chief financial officer, who announced his departure Tuesday. At WeWork, CEO Adam Neumann is reportedly engaged in what has the appearance of self-dealing — directing the company to lease buildings that he himself owns, despite the objections of the company's investors. Both companies ...
Tags: Google, Facebook, Mark Zuckerberg, New York, Congress, Softbank, Trends, Bloomberg, Larry Page, Chicago, Silicon Valley, San Jose, Evan Spiegel, WeWork, New York Stock Exchange, Wall Street Journal


May Said to Promise Brexiteers She Won't Cave: Brexit Update

(Bloomberg) -- Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. 
Tags: News, Bloomberg


Cisco CEO Warns Higher Tariffs Will Force Companies to Cut R&D

U.S. companies will end up absorbing the costs of higher tariffs, spending less on the research and development that can lead to technological breakthroughs, Robbins said during a meeting with government officials in D.C. earlier this month. "If we go to the next wave in tariffs, tech companies in the U.S. will have to absorb that and cut back in R&D when what they want us to do is lead in innovation,” Robbins said in an interview at Bloomberg’s New York office Wednesday.
Tags: New York, Science, Cisco, Bloomberg, Robbins


US academics say their shardy blockchain will be 10X faster than Visa

US academics are working together to create a new and improved cryptocurrency in a bid to rival Bitcoin. According to Bloomberg, professors from seven US colleges (including MIT, University of California, Standford University, and Berkely) are looking to create a digital currency capable of processing thousands of transactions a second without sacrificing the basic principle of decentralization. The project is run by Distributed Technology Research (DTR), a non-profit organization established by...
Tags: Startups, US, Bloomberg, Bitcoin, Cryptocurrency, BERKELY, Hard Fork, Pantera Capital Management LP, MIT University of California Standford University, Distributed Technology Research DTR


Thursday round-up

For this blog, in a post that first appeared at Howe on the Court, Amy Howe analyzes yesterday’s oral argument in Tennessee Wine & Spirits Retailers Association v. Blair, a challenge to Tennessee’s durational residency requirements for liquor licensing. For The Washington Post, Robert Barnes reports that “Supreme Court justices indicated … that they thought Tennessee’s tough residency requirements for those who want to run liquor stores have more to do with protecting in-state economic interests...
Tags: New York, Supreme Court, Law, Congress, Court, Bloomberg, United States, Tennessee, Medicare, Jackson, Ruth Bader Ginsburg, The Washington Post, Trump, Round-up, Reuters, U S Supreme Court


Oil's 'Fair Price' Seen at $55 to $60 for Now, Arqaam Capital Says – Bloomberg

Oil's 'Fair Price' Seen at $55 to $60 for Now, Arqaam Capital Says – Bloomberg:Abdul Kadir Hussain, the head of fixed income at Arqaam Capital, talks about oil prices and the implications for Saudi Arabia's budget. He also discusses Saudi bond issuance, and the outlook for emerging-market bonds. He speaks with Manus Cranny with "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Bloomberg, Rupert Neil Bumfrey, Arqaam Capital, Bloomberg Daybreak, Abdul Kadir Hussain


Snap’s outgoing CFO reportedly went around Evan Spiegel’s back to ask for more money but failed

Snap's CFO Tim Stone is leaving the company after trying to ask for more money behind CEO Evan Spiegel's back, Bloomberg reports. People familiar with the matter told Bloomberg that Stone appealed directly to the board for a raise, which he was denied. Stone was only in the job for eight months, but will stay on until Snap's Q4 earnings call in February. Snap, the parent company behind Snapchat, revealed on Tuesday that it was losing its chief financial officer Tim Stone after just eight mont...
Tags: Apple, Instagram, Trends, Bloomberg, Snapchat, Imran Khan, SEC, Evan Spiegel, Khan, Snap, Stone, SPIEGEL, Bobby Murphy, Tim Stone, Jared Grusd, Jeremi Gorman


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. Federal prosecutors are investigating the Chinese electronics giant Huawei for allegedly stealing trade secrets from US companies. One such incident includes Huawei supposedly stealing robotic technology that T-Mobile uses to test its smartphones, according to the report. WeWork CEO Adam Neumann reportedly made millions of dollars by renting office space in buildings that he partially owns to his company, according to a Wall S...
Tags: Apple, Microsoft, US, Trends, Bloomberg, Netflix, Tim Cook, Evan Spiegel, Lenovo, Huawei, Wall Street Journal, Alexa, Adam Neumann, Niantic, Amazon Alexa, John Hanke


Apple is putting the brakes on hiring for certain groups because of slowing iPhone sales (AAPL)

Apple plans to reduce hiring in certain groups, according to a Bloomberg report. CEO Tim Cook informed employees about the hiring changes during an internal meeting earlier this month, but said it was not decided which groups would be affected. Cook stressed that Apple was not implementing a broad-based hiring freeze, and noted that some groups, like its artificial intelligence team, would not be affected.  Apple will cut back on hiring for certain divisions as the company re-adjusts its plan...
Tags: Apple, Cook, Los Angeles, Trends, Bloomberg, Austin, Tim Cook, Jeff Bezos, Cupertino Calif


Radical Changes Needed to Secure Brexit, EU Tells May

(Bloomberg) -- The scale of Prime Minister Theresa May’s Brexit defeat has convinced the European Union to demand she radically rethink the U.K.’s red lines as the bloc signaled its willingness to delay Britain’s withdrawal by many months.
Tags: News, Eu, Bloomberg, European Union, Britain, Theresa May


From Greenspan to Yellen, Economic Brain Trust Backs Carbon Tax

(Bloomberg) -- An all-star lineup of economists, from Alan Greenspan to Paul Volcker, are endorsing a plan to combat climate change by slapping a tax on greenhouse gas emissions and then distributing the revenue to American households.
Tags: Science, Bloomberg, Alan Greenspan, Greenspan, Paul Volcker, Yellen Economic Brain Trust Backs Carbon Tax


Apple plans some hiring reductions after selling fewer iPhones - Bloomberg

Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.
Tags: Apple, Money, Bloomberg, businessNews, Apple Inc