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By Priyanka G and Krystal Hu (Reuters) -SandboxAQ said on Wednesday it has raised more than $300 million in funding, valuing the startup spun off from Alphabet at $5.6 billion, as it aims to fast-track the development of advanced artificial intelligence systems for computation. The new funding, from investors including New York-based investment firm Fred Alger Management, T. Rowe Price, and Breyer Capital, will be used to accelerate the development of its large quantitative models (LQMs) and other AI applications in industries from healthcare to finance. This follows a $500 million fundraising last year to build its quantum computing platform to serve business customers. SandboxAQ says its AI technology differs from the large language models that power ChatGPT in the generative AI wave. Instead of training on a huge number of language tokens, its models train on large numerical data. “The majority of the economy is actually not based on language. It’s actually based on quantitative relationships,” said Jack Hidary, CEO at SandboxAQ. The Palo Alto, California-based company plans to invest the capital in building news modules for specific use cases for big enterprise customers, from drug discovery to materials science, Hidary said. Breyer Capital founder and CEO Jim Breyer, an early backer in SandboxAQ, said the company can train quantitative models on existing hardware like Nvidia GPUs. It could also benefit from future breakthroughs in the quantum chip space. Google, for example, said earlier this month that its new chip called Willow has overcome a key challenge in quantum computing, prompting its shares to jump. SandboxAQ was spun off from Alphabet as an independent startup in 2022, with former Google Chief Executive Eric Schmidt as chairman. The company caters to various sectors such as cybersecurity, encryption and life sciences. (Reporting by Priyanka.G in Bengaluru and Krystal Hu in Toronto; Editing by Shilpi Majumdar and Sandra Maler) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
Darts hero Stephen Bunting reveals Liverpool star is huge fan and wore his shirt along with brothers and pals on stag doAsia-Pacific markets traded mixed on Christmas Eve, after key U.S. benchmarks rose overnight helped by gains in tech stocks. > Philadelphia news 24/7: Watch NBC10 free wherever you are Japan's Nikkei 225 slipped 0.32% as minutes of the Bank of Japan's October meeting showed that members agreed to stick with raising rates if the economic and inflation outlook was met . Japanese automaker Honda surged 15%, while Nissan shares fell over 5%, a day after they announced starting formal discussions to merge, paving the pay to create the world's third-largest automaker by sales . Discussions are set to conclude in June 2025. South Korea's Kospi was down 0.26% while the Kosdaq was 0.16% higher. South Korea's consumer confidence slipped to the lowest in over two years. The country's consumer sentiment index dropped by more than 12 points from November to 88.4 in December, falling below the 100-point mark that separates optimism from pessimism, a survey released by the Bank of Korea showed. Hong Kong's Hang Seng index rose 0.42% on open, while mainland China's CSI 300 was up 0.10%. Australia's S&P/ASX 200 was 0.35% higher in a shortened trading day. Overnight in the U.S., stocks rose as strength in technology names helped the broader market. The S&P 500 gained 0.73% to 5,974.07. The tech-heavy Nasdaq Composite rose 0.98% to 19,764.89, as Tesla and Meta Platforms added more than 2% and Nvidia climbed more than 3%. The Dow Jones Industrial Average erased earlier losses and ended the day 66.69 points higher, or 0.16%, to 42,906.95. Trading was thin on Monday and is expected to remain muted during the week. The New York Stock Exchange closes early Tuesday for Christmas Eve at 1 p.m. ET, and the market is shut on Christmas Day. —CNBC's Yun Li contributed to this report.NYK and ENEOS Sign Agreement for Sale and Purchase of Marine Fuel with CDR Credits Created Through DACCS
There has been a sudden and sharp change in the tone and tenor of AAP convener Arvind Kejriwal 's tweets addressed to Delhi L-G VK Saxena . The party's thorny relationship with Saxena is well known. This is why Kejriwal's tweet, thanking Saxena for pointing out drain overflow at New Rohtak Road and Rangpuri Pahadi's drainage issues, has surprised people. In fact, Kejriwal went a step further and requested Saxena to point out such issues more often. ET Year-end Special Reads Gold outshines D-St with 20% returns, but 2025 may be different The year of the pause: How RBI maneuvered its policy in 2024 2024, the year India defeated China's salami-slicing strategy It has been a month since Andhra Pradesh chief minister N Chandrababu Naidu gave a statement in the assembly, assuring action in the alleged bribery charges in 7,000 MW solar power project. But the government has not initiated any inquiry. Even as his ministers like Kollu Ravindra have promised SIT probe in rice scams that came to light very recently, there has been no movement on the US indictment charges despite Opposition Congress’ repeated attacks. After its landslide victory in Maharashtra assembly elections, BJP-led Mahayuti is now trying to rub it in. Usually, when party functionaries become MLAs or ministers, they thank their own party leaders. However, BJP members did something different this time. They put up a massive hoarding, with a photo of Congress leader Rahul Gandhi , and thanked Gandhi for helping them win. Looks like BJP is trying to hint that Gandhi’s utterances are making the party win. ET Year-end Special Reads An Indian's guide to moving abroad as the world looks for 'better' immigrants The year of the HNIs: How India's rich splurged in 2024 (You can now subscribe to our Economic Times WhatsApp channel )
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S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354. Rosa Saba, The Canadian Press Nov 21, 2024 1:42 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message The TMX Market Centre is shown in Toronto, Wednesday, Sept. 11, 2024. THE CANADIAN PRESS/Paige Taylor White TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354.22 points at 25,390.68. In New York, the Dow Jones industrial average was up 461.88 points at 43,870.35. The S&P 500 index was up 31.60 points at 5,948.71, while the Nasdaq composite was up 6.28 points at 18,972.42. The Nasdaq lagged an otherwise decent day for Wall St., rising just 0.03 per cent as it was dragged down by Google parent Alphabet and some of its tech giant peers. The tech company’s stock fell 4.6 per cent after U.S. regulators asked a judge to break it up by forcing a sale of the Chrome web browser. Amazon shares traded down 2.2 per cent while Meta and Apple both moved lower as well. After a substantial run for major tech stocks this year, that kind of news “shakes people a bit,” said John Zechner, chairman and lead equity manager at J. Zechner Associates. Meanwhile, semiconductor giant Nvidia saw its stock tick up modestly by 0.5 per cent after it reported earnings Wednesday evening. The company yet again beat expectations for profit and revenue, and gave a better revenue forecast for the current quarter than expected. But expectations for Nvidia have been so high amid the optimism over artificial intelligence that even beating forecasts wasn’t enough to send its stock flying the way it has in previous quarters, said Zechner. Nvidia essentially caps earnings season in the U.S., with companies largely beating expectations, said Zechner — though those expectations weren’t exactly lofty for companies outside the tech and AI sphere, he added. The Dow led major U.S. markets as the post-election hopes for economic growth continued to fuel a broadening of market strength, said Zechner. There are a lot of unknowns when it comes to U.S. president-elect Donald Trump, said Zechner, and there’s no guarantee he will do what he’s promised. “There’s a lot of unknowns, but for now the markets seem to be assuming that whatever comes of this, the U.S. will continue to lead global growth,” he said. However, some of Trump’s promises — chief among them widespread tariffs on imports — have sparked bets that inflation may rear its head again. The market has pared back its expectations for interest rate cuts as a result, said Zechner. “Nobody’s talking about a half-point cut, that’s for sure,” he said. The Canadian dollar traded for 71.63 cents US compared with 71.46 cents US on Wednesday. The January crude oil contract was up US$1.35 at US$70.10 per barrel and the January natural gas contract was up nine cents at US$3.48 per mmBTU. The December gold contract was up US$23.20 at US$2,674.90 an ounce and the December copper contract was down three cents at US$4.13 a pound. — With files from The Associated Press This report by The Canadian Press was first published Nov. 21, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix When others ran from the musical, Jon M. Chu and 'Wicked' embraced it Nov 21, 2024 1:59 PM Economists say temporary tax cut, relief cheques play into rosier growth picture Nov 21, 2024 1:57 PM Petition by RFK Jr. fan prompts water fluoridation vote by Montreal council Nov 21, 2024 1:33 PM Featured FlyerBy DEVNA BOSE One of the country’s largest health insurers reversed a change in policy Thursday after widespread outcry, saying it would not tie payments in some states to the length of time a patient went under anesthesia. Anthem Blue Cross Blue Shield said in a statement that its decision to backpedal resulted from “significant widespread misinformation” about the policy. “To be clear, it never was and never will be the policy of Anthem Blue Cross Blue Shield to not pay for medically necessary anesthesia services,” the statement said. “The proposed update to the policy was only designed to clarify the appropriateness of anesthesia consistent with well-established clinical guidelines.” Anthem Blue Cross Blue Shield would have used “physician work time values,” which is published by the Centers for Medicare and Medicaid Services, as the metric for anesthesia limits; maternity patients and patients under the age of 22 were exempt. But Dr. Jonathan Gal, economics committee chair of the American Society for Anesthesiologists, said it’s unclear how CMS derives those values. In mid-November, the American Society for Anesthesiologists called on Anthem to “reverse the proposal immediately,” saying in a news release that the policy would have taken effect in February in New York, Connecticut and Missouri. It’s not clear how many states in total would have been affected, as notices also were posted in Virginia and Colorado . Related Articles National News | The next census will gather more racial, ethnic information National News | As data centers proliferate, conflict with local communities follows National News | NASA’s stuck astronauts hit 6 months in space. Just 2 more to go National News | Imprisoned Proud Boys leader balks at answering a prosecutor’s questions about Capitol attack National News | 7.0 earthquake off Northern California prompts brief tsunami warning People across the country registered their concerns and complaints on social media, and encouraged people in affected states to call their legislators. Some people noted that the policy could prevent patients from getting overcharged. Gal said the policy change would have been unprecedented, ignored the “nuanced, unpredictable human element” of surgery and was a clear “money grab.” “It’s incomprehensible how a health insurance company could so blatantly continue to prioritize their profits over safe patient care,” he said. “If Anthem is, in fact, rescinding the policy, we’re delighted that they came to their senses.” Prior to Anthem’s announcement Thursday, Connecticut comptroller Sean Scanlon said the “concerning” policy wouldn’t affect the state after conversations with the insurance company. And New York Gov. Kathy Hochul said in an emailed statement Thursday that her office had also successfully intervened. The insurance giant’s policy change came one day after the CEO of UnitedHealthcare , another major insurance company, was shot and killed in New York City.
TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354.22 points at 25,390.68. In New York, the Dow Jones industrial average was up 461.88 points at 43,870.35. The S&P 500 index was up 31.60 points at 5,948.71, while the Nasdaq composite was up 6.28 points at 18,972.42. The Nasdaq lagged an otherwise decent day for Wall St., rising just 0.03 per cent as it was dragged down by Google parent Alphabet and some of its tech giant peers. The tech company’s stock fell 4.6 per cent after U.S. regulators asked a judge to break it up by forcing a sale of the Chrome web browser. Amazon shares traded down 2.2 per cent while Meta and Apple both moved lower as well. After a substantial run for major tech stocks this year, that kind of news “shakes people a bit,” said John Zechner, chairman and lead equity manager at J. Zechner Associates. Meanwhile, semiconductor giant Nvidia saw its stock tick up modestly by 0.5 per cent after it reported earnings Wednesday evening. The company yet again beat expectations for profit and revenue, and gave a better revenue forecast for the current quarter than expected. But expectations for Nvidia have been so high amid the optimism over artificial intelligence that even beating forecasts wasn’t enough to send its stock flying the way it has in previous quarters, said Zechner. Nvidia essentially caps earnings season in the U.S., with companies largely beating expectations, said Zechner — though those expectations weren’t exactly lofty for companies outside the tech and AI sphere, he added. The Dow led major U.S. markets as the post-election hopes for economic growth continued to fuel a broadening of market strength, said Zechner. There are a lot of unknowns when it comes to U.S. president-elect Donald Trump, said Zechner, and there’s no guarantee he will do what he’s promised. “There’s a lot of unknowns, but for now the markets seem to be assuming that whatever comes of this, the U.S. will continue to lead global growth,” he said. However, some of Trump’s promises — chief among them widespread tariffs on imports — have sparked bets that inflation may rear its head again. The market has pared back its expectations for interest rate cuts as a result, said Zechner. “Nobody’s talking about a half-point cut, that’s for sure,” he said. The Canadian dollar traded for 71.63 cents US compared with 71.46 cents US on Wednesday. The January crude oil contract was up US$1.35 at US$70.10 per barrel and the January natural gas contract was up nine cents at US$3.48 per mmBTU. The December gold contract was up US$23.20 at US$2,674.90 an ounce and the December copper contract was down three cents at US$4.13 a pound. — With files from The Associated Press This report by The Canadian Press was first published Nov. 21, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressMineralys Therapeutics (NASDAQ:MLYS) Trading Down 4.1% – What’s Next?
Secret Service director touts changes as Congress presses him on Trump assassination attemptAs another frigid winter approaches, people like Ed Kranz are embracing the cold — and working up quite a sweat. Kranz and his wife, Colleen, are among those who believe the best way to endure winter is to heat up in saunas and then cool off in icy weather. On a bone-chilling Sunday morning, they set up a mobile wood-fired sauna from their business, Saunable, near a frozen lake in the Minneapolis suburb of Eagan. After about 10 minutes of sweating in the 185-degree sauna, they moseyed outside into the 15-degree temperatures, lingering around a fire in bathing suits before repeating the process three or four more times. One brave soul dipped into a hole in the frozen lake for a post-sauna cold plunge. Their hot-and-cold venture is common in Minnesota, where plenty of residents embrace sauna culture for warmth and community. Devotees say they are mingling Old World traditions with newfangled internet-based communities and making social connections in a society that can feel isolating. Sauna and cold plunges go together like peanut butter and jelly, said Glenn Auerbach, a self-described sauna evangelist and the founder and editor of SaunaTimes. Auerbach started the website in 2008 to share his thoughts, research and conversations with movers and shakers in the sauna world. He and his interlocutors mull over the nitty-gritty of sauna construction, how to cultivate “good sauna vibes” and the potential health benefits of the sauna lifestyle. A typical temperature to achieve the holy trinity of the sauna experience — heat, steam and ventilation — is about 180 to 200 degrees, a temperature that starkly contrasts the frigid winter weather in places like Minnesota. The craftiest in the sauna community can build a facility for about $10,000, according to Auerbach. Those looking to skip the physical labor can outsource the construction. Saunas’ popularity, which enthusiasts say spiked following the COVID-19 pandemic, has brought with it a rise in manufacturers selling saunas for about $30,000 to $40,000. While saunas’ cultural cachet may have increased in recent years, they long predate the Instagrammable spaces now popping up, Auerbach said. The smell of cedar wood has been lodged in Justin Juntunen’s memory ever since he first stepped into his family’s sauna as a child. Juntunen, the founder of Cedar and Stone Nordic Sauna, is a descendant of Finnish immigrants who came to America in the 1880s. They brought with them an appreciation for saunas and the communal values the steam-filled rooms impart to local life. People in Finland say there are more saunas than cars, Juntunen said. When immigrants like his grandfather came to Minnesota to work in the mines, mills or docks, they would often save up to build a farmhouse. But they would build a sauna first, living in the space while the house was constructed. Later, saunas would serve as informal town centers. People gossiped in saunas, they gave birth in saunas, and they died in saunas, Juntunen said. The public nature of the facilities reflects the egalitarian ethos that infuses Nordic culture, and sauna culture by extension, he added. “This is a tradition that’s actually for everyone,” Juntunen said. “My favorite Nordic proverb is ‘All people are created equal, but nowhere more so than in the sauna.’” In addition to a desire for in-person experiences following the COVID-19 pandemic, enthusiasts say interest in saunas rose after some of the internet’s most famous figures, such as podcasters Joe Rogan and Andrew Huberman, touted them. “Every big podcaster in the world discovered that you could jump in cold water and it feels kind of good. And then people click on it online,” Juntunen said. In this way, technology has been a paradox for sauna culture, he added. Digital media helped sauna culture grow at the same time that saunas were billed as reprieves from the pervasive reach of technology over every facet of daily life. Either way, almost all of sauna culture’s adherents say its rise is inextricably linked to a desire for community. Those who committed to building their own saunas have hosted friends, neighbors and former high school hockey teammates. This has created a new form of post-COVID-19 contagiousness: “Good heat is contagious,” Auerbach said. This core function of sauna culture spans generations. Juntunen’s grandfather would rush to the sauna after work because it was the space where stories were told. “It’s a space where storytelling happens, where connection happens or silence happens,” Juntunen said. “I think that is a really beautiful example of what a sauna truly is.” Get local news delivered to your inbox!
Asking Eric: Embracing modern pastimes without feeling left out R. Eric Thomas Dear Eric: We live on a lake and love hosting our great-nieces and nephews on school breaks and the entire family on vacations. My husband and I have no children. Our niece’s families are dear to us. Our 11-year-old great-nephew has been gaming now for about a year. When he comes to visit, instead of reading, playing cards or board games with us, like in the past, he wants to disappear with his video games. We feel vacated. How do we navigate this with his parents who think his being on a video gaming team at school is awesome and I think it is a bad omen? What is a fair place of compromise and balance? – Game Off Dear Game Off: Let his parents parent their child. The other night I re-watched the movie “Network” from 1977 (stay with me here; it relates). In it, a character in his 60s dismisses a character played by a young Faye Dunaway by saying “she’s the television generation. She learned life from Bugs Bunny. The only reality she knows is what comes to her over her TV set.” Every generation has anxieties about the ways that technology is changing social interactions or altering the minds of the generations below. While some of those concerns are valid, those of Faye Dunaway’s generation (now in their 70s and 80s) would argue that they’ve managed to stay quite well-rounded, despite (and often with the aid of) TV. In moderation, video games have been shown to improve a child’s cognitive function and working memory. While your great-nephew’s gaming might not be your choice, it’s important that you not seek to undermine the research and thinking that his parents have done about it. What you’re really yearning for is a sense of togetherness as a family, so try talking to your niece and her spouse about group activities you can plan to meet your great-nephew where he is. And don’t be afraid to pick up a controller and ask him to show you the ropes. Read more Asking Eric and other advice columns. Send questions to R. Eric Thomas at eric@askingeric.com or P.O. Box 22474, Philadelphia, PA 19110. Follow him on Instagram and sign up for his weekly newsletter at rericthomas.com . Stories by R. Eric Thomas Asking Eric: Navigating disappointment in friendships gracefully Asking Eric: Ensuring safety and fairness in emotionally charged divorces Asking Eric: Understanding your teen’s phone habits without overreacting Asking Eric: When your child feels overlooked by relatives Asking Eric: When to distance yourself from a difficult family relationshipgremlin/iStock via Getty Images After peaking mid-summer around $150, shares of Micron Technology, Inc. ( NASDAQ: MU ) have had a whiplash over the past two quarters, largely missing out on the post-election rally. The memory supplier just posted Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Joel Dahmen's 'half-court' putt keeps PGA Tour status alive