Nelson Peltz states his case for joining the Disney board
Activist investor Nelson Peltz is stating his case for joining Disney ’s board. Peltz’s Trian Fund Management, in formally nominating Peltz and former Disney Chief Financial Officer Jay Rasulo to the media giant’s board of directors Thursday, made a list of initiatives and performance targets they’d pursue if elected. In a proxy filing, Peltz and Rasulo promised to “finally complete a successful CEO succession,” alluding to CEO Bob Iger’s consistent delaying of his retirement date and his ret...
Nelson Peltz states his case for joining the Disney board
Activist investor Nelson Peltz is stating his case for joining Disney ’s board. Peltz’s Trian Fund Management, in formally nominating Peltz and former Disney Chief Financial Officer Jay Rasulo to the media giant’s board of directors Thursday, made a list of initiatives and performance targets they’d pursue if elected. In a proxy filing, Peltz and Rasulo promised to “finally complete a successful CEO succession,” alluding to CEO Bob Iger’s consistent delaying of his retirement date and his ret...
Big boon for the industry? Payments Giant PayPal Officially Announces Dollar Stablecoin
On August 7, payments giant PayPal announced the launch of PayPal USD (PYUSD), a US dollar stablecoin, making it the first mainstream financial services company to adopt cryptocurrencies for payments and transfers.PayPal USD (PYUSD), which is backed by US dollar deposits and short-term US treasury bills, is described as being issued by Paxos Trust Co and will be gradually made available to PayPal customers in the US. As with Tether and Circle, reserves will be held in the form of U.S. Treasur...
Big boon for the industry? Payments Giant PayPal Officially Announces Dollar Stablecoin
On August 7, payments giant PayPal announced the launch of PayPal USD (PYUSD), a US dollar stablecoin, making it the first mainstream financial services company to adopt cryptocurrencies for payments and transfers.PayPal USD (PYUSD), which is backed by US dollar deposits and short-term US treasury bills, is described as being issued by Paxos Trust Co and will be gradually made available to PayPal customers in the US. As with Tether and Circle, reserves will be held in the form of U.S. Treasur...
Apple desperately needs 'new antidote' for AI megamodels as market value plummets over a trillion dollars
After delivering three consecutive quarters of negative growth, Apple's market capitalization lost $3 trillion. On Friday, Apple's market value evaporated more than a trillion dollars in one day, and the 4.8% drop was the largest single-day drop since September last year. And in U.S. stock trading on August 7, Apple shares fell 1.73%, market value evaporated again $50 billion. The iPhone's decline has made it difficult for Apple's performance to pick up. Analysts at Wells ...
Apple desperately needs 'new antidote' for AI megamodels as market value plummets over a trillion dollars
After delivering three consecutive quarters of negative growth, Apple's market capitalization lost $3 trillion. On Friday, Apple's market value evaporated more than a trillion dollars in one day, and the 4.8% drop was the largest single-day drop since September last year. And in U.S. stock trading on August 7, Apple shares fell 1.73%, market value evaporated again $50 billion. The iPhone's decline has made it difficult for Apple's performance to pick up. Analysts at Wells ...
The real opportunity for big models is in China, in the enterprise market
"The first few months everyone was talking about OpenAI and when China would be able to make its own big model, and in these months big models are coming out all over the place, and I see a lot of investors are starting to get anxious." Zhou mentioned at the 2023 Global Digital Economy Conference Artificial Intelligence Summit, and he argued in his speech that big models still have opportunities and in China, on the industrial side. Zhou believes that the big model is not a so-called bubble, ...
The real opportunity for big models is in China, in the enterprise market
"The first few months everyone was talking about OpenAI and when China would be able to make its own big model, and in these months big models are coming out all over the place, and I see a lot of investors are starting to get anxious." Zhou mentioned at the 2023 Global Digital Economy Conference Artificial Intelligence Summit, and he argued in his speech that big models still have opportunities and in China, on the industrial side. Zhou believes that the big model is not a so-called bubble, ...
Conversation with Kevin Kelly: It's too early to regulate AI, and it should be allowed to "get out of hand
Thirty years ago, when the Internet was in its infancy and even personal computers were rare, a technology writer embarked on a cutting-edge romp through the social circles of his time. After interacting with some of the world's most intellectual minds, he got a glimpse of the future and eventually wrote a major book, Out of Control (1994). More than a decade later, when the era of mobile Internet and smartphones arrived, people were surprised to find that the latest concepts "global inf...
Conversation with Kevin Kelly: It's too early to regulate AI, and it should be allowed to "get out of hand
Thirty years ago, when the Internet was in its infancy and even personal computers were rare, a technology writer embarked on a cutting-edge romp through the social circles of his time. After interacting with some of the world's most intellectual minds, he got a glimpse of the future and eventually wrote a major book, Out of Control (1994). More than a decade later, when the era of mobile Internet and smartphones arrived, people were surprised to find that the latest concepts "global inf...
