Author: arthursheikin@gmail.com

[ad_1] Meta has frozen hiring in its AI organization after restructuring the unit earlier this week, reports The Wall Street Journal. The hiring freeze follows weeks of poaching more than 50 AI researchers and engineers from competitors.   The freeze went into effect last week, and it’s not clear how long it will last. Meta is still likely working through its reorg, which split its AI unit, Meta Superintelligence Labs, into four new groups: TBD Labs, run by former Scale AI founder Alexandr Wang, and three groups focused on research, product integration, and infrastructure, respectively.  Meta confirmed the hiring freeze with…

[ad_1] A veteran analyst says he was stunned by Warren Buffett’s decision to step down as Berkshire Hathaway CEO this year — and told Business Insider what he expects to change under his successor, Greg Abel.”I was shocked,” Meyer Shields, a managing director at Keefe, Bruyette & Woods who’s been covering Berkshire for more than 15 years, said in an interview.Shields didn’t see Buffett’s resignation coming because the famed investor had “frequently talked” about wanting to stay in the top job as long as possible. “This has been his life more than anything else,” Shields added.Buffett, who turns 95 next…

[ad_1] Increasing competition in the grocery delivery space could send Maplebear lower over the coming months, according to Wedbush Securities. The firm downgraded Maplebear, which does business as Instacart, to underperform from neutral and slashed its price target to $42 from $55, which implies nearly 8% downside from Wednesday’s close. This comes as shares have faced meaningful pressure in recent months, falling more than 13% in the last six and more than 7% in the past month. That was exacerbated by a more than 11% drop earlier in August following the launch of Amazon’s same-day delivery service of fresh foods…

[ad_1] Three years ago, I flopped down on my couch, exhausted from a weekend of pottery classes, art exhibitions, and Bumble BFF meet-ups — all activities I undertook to “put myself out there” and create new friendships while living in Burlington, Vermont.The only thing I created, however, was a growing sense of frustration. After a stint in Brooklyn, I’d chosen to relocate to Burlington. As a quirky, bustling city with access to tons of outdoor activities, it sounded like the perfect fit.The only problem? Over a year into the move, I was still feeling alone.I allowed myself a moment of…

[ad_1] Hewlett Packard Enterprise should be due for more moves to the upside on the heels of its upcoming quarterly results, Morgan Stanley said Thursday. The firm upgraded the tech services company to overweight from equal weight and increased its price target by $6 to $28, implying 33% upside from Wednesday’s close. This comes as shares have surged about 20% in the past three months, supported by a rise in shares following the closure of the company’s acquisition of Juniper Networks in early July. “Our thesis is straight-forward – with the closure of JNPR, we see 18% upside to FY26…

[ad_1] UBS is growing more bullish on Nvidia ahead of the company’s second-quarter earnings results due out next week. On Thursday, the firm reiterated its buy rating on the artificial intelligence chip darling and raised its price target to $205 from $175. That implies nearly 17% upside from Wednesday’s close. “We see overall demand signals as strong as ever (Oncor ~40GW of “high confidence” new load requests for data center just in TX, though some of this may be 2x ordering to “get in line”) and expect NVDA’s commentary to reflect this very strong backdrop with commentary from GB200/GB300 rack…

[ad_1] This as-told-to essay is based on a conversation with Burgess Heberer, a 37-year-old business owner, based in Santa Claus, Indiana. The following has been edited for length and clarity.I loved my old job. I worked on infant formulas and children’s nutritional products, and really believed in what I was doing. But I could also see that the corporate ladder structure was holding me and my family back from our financial goals.When I decided to leave my job to pursue my side hustle full-time, I’d been working as a research and development operations scientist. However, this past June, my wife…

[ad_1] Healthcare AI unicorn Innovaccer has a lot on its docket, including two to three additional acquisitions planned in the coming months. But an IPO isn’t on its to-do list.The 11-year-old company has been buying itself more time in the private markets through secondary transactions as it rolls out more software to add to its suite of healthcare AI offerings.In January, Innovaccer raised $275 million in funding, which included nearly $100 million in secondary sales for early investors. Then, as an extension to the Series F round, Innovaccer facilitated a $50 million tender offer for employees, funded by the round’s investors.”For any…

[ad_1] Hungry bankers fear not — employees at JPMorgan’s new headquarters in Midtown Manhattan will be able to get a midnight snack. Or a 3 am snack. Or a 6 am snack.The 60-story, amenity-packed skyscraper at 270 Park Avenue is scheduled to open this year, just as Wall Street beats the return-to-office drum louder than ever. With a gym, massive food hall, and 24/7 grab-and-go option, the building reinforces a long-standing law of Wall Street: work and life are often indistinguishable. And if you want to be successful, that work happens face-to-face, either in a conference room or the in-house…

[ad_1] For Googlers, getting ahead at work doesn’t just mean building AI. They’re expected to work with it, too.In recent months, pressure has ramped up inside Google for employees to use AI tools in their day-to-day work to make them more productive. As Google and other tech giants like Microsoft try to push the frontiers of AI for new products, they see ways it can boost their businesses — and that means getting employees on board.In June, Google engineering vice president Megan Kacholia sent an email to software engineers telling them to use AI tools to improve their coding. The…