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Friday, 31 January 2020
U.S.-UK trade deal needs labor, climate protections, enforcement: U.S. lawmaker
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U.S. ramps up anti-coronavirus measures at border as impact spreads
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Walmart temporarily limits 'non-business critical travel' to China
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As coronavirus misinformation spreads on social media, Facebook removes posts
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China's Tianjin closes schools, firms until further notice to curb virus: state media
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China's total coronavirus deaths hit 259 by end of Jan. 31, up 46: state media
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AI IN TELECOMMUNICATIONS: Why carriers could lose out if they don't adopt AI fast — and where they can make the biggest gains
This is a preview of the AI in Telecommunications research report from Business Insider Intelligence. Purchase this report. 14-Day Risk Free Trial: Get full access to this and all Connectivity & Tech research reports. In the face of rising demand for data, increasingly saturated mobile markets, and stiff opposition from legacy players, tech entrants, and startups, global telecoms are locked in a battle for market share. These market pressures have led to vicious price wars for mobile services and, as a result, declining average revenue per user (ARPU).
Making matters worse, improvements in infrastructure and technology have made telecoms largely comparable in terms of coverage, connection speeds, and service pricing, meaning companies must transform their businesses if they hope to compete.
For many global telecoms, shoring up market share under today's pressures while also future-proofing operations means having to invest in AI. The telecom industry is expected to invest $36.7 billion annually in AI software, hardware, and services by 2025, according to Tractica.
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See Also:
- Google Nest is targeting a secondary revenue opportunity with a new smart thermostat feature that will connect customers with repair services when it senses anomalies
- AT&T plans to intertwine its media and connectivity businesses after mediocre Q4 2019 earnings
- ZTE and China Telecom enabled the first remote diagnosis of coronavirus via a 5G telehealth system
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How 215,000 meals are made for Super Bowl LIV
- It takes a culinary staff of 3,000 people to feed some 215,000 fans, players, NFL executives, and performers flocking to Miami for Super Bowl LIV.
- All the cooking happens from kitchens deep inside Hard Rock Stadium and Miami Beach Convention Center.
- Here, chefs are hustling to make everything from porchetta and paella for suites to 10,000 hot dogs for concession stands.
- Business Insider producers got a behind-the-scenes tour with Executive Chef Dayanny de la Cruz to see how her team feeds football's biggest fans.
- Visit Business Insider's homepage for more stories.
See Also:
- Carli Lloyd kicks a field goal in Super Bowl commercial, and the message goes beyond just her NFL dreams
- How Super Bowl ad costs have skyrocketed over the years
- The 26 best prop bets you can make on Super Bowl LIV
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Lamar Hunt, late owner of the Kansas City Chiefs, was one of 15 children and an heir to the Hunt family dynasty, one of the richest families in America
Bettmann/Contributor/Getty Images
- The Hunt family is one of the wealthiest families in America.
- Their fortune came from H.L. Hunt's early investments in American oil.
- H.L. had 15 children, some of whom are still very prominent in business today.
- His son, the late Lamar Hunt, was a founding member of the American Football League and owner of the Kansas City Chiefs.
- Another son, Ray Hunt, is the richest of all his siblings — he heads up the oil and gas company Hunt Consolidated, Inc.
- Visit Business Insider's homepage for more stories.
Haroldson Lafayette Hunt was known as one of the richest men in America. He made his fortune in the oil industry.
Bettmann/Contributor/Getty ImagesSource: Encyclopædia Britannica, The New York Times
He founded Hunt Oil Company in 1936. He saw great success in the oil business and reportedly used profits to invest in other industries like publishing, cosmetics, and even pecan farming.
Bettmann/Contributor/Getty ImagesSource: Encyclopædia Britannica, The New York Times
Hunt died in 1974 with an estimated net worth of between $2 billion and $3 billion.
Shel Hershorn - HA/Inactive/Contributor/Getty ImagesSource: Encyclopædia Britannica
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See Also:
- Rihanna is the world's richest female musician — from yachting trips on the French Riviera to a staff that includes a chef and personal trainers, see how she spends her $600 million fortune
- Elon Musk made $2.3 billion in the hour after Tesla announced better than expected earnings. Here's how the eccentric CEO makes and spends his $33.6 billion fortune.
- 9 mind-blowing facts that show just how wealthy Facebook CEO Mark Zuckerberg really is
SEE ALSO: How the Waltons — America's wealthiest family and heirs to the Walmart empire — live their lives
DON'T MISS: Meet the Albrechts, the reclusive billionaire heirs to the Aldi and Trader Joe's empire
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Airbnb quietly acquired cloud storage startup Minbox in 2016
Screenshot/The Internet Archive
- In 2016, Airbnb bought Minbox, a tool for syncing files across cloud storage services like Google Drive and Dropbox, an Airbnb spokesperson confirmed to Business Insider.
- The previously unreported purchase was one of several quiet acquisitions by Airbnb in 2016.
- Airbnb did not say how much it acquired Minbox for or how it has integrated Minbox's team and technology.
- Airbnb has acquired more than two dozen startups in its journey toward becoming a public company, which it said it plans to do in 2020.
- Visit Business Insider's homepage for more stories.
Airbnb, in a previously unreported May 2016 transaction, bought a small cloud service startup called Minbox, an Airbnb spokesperson confirmed to Business Insider.
Minbox let users sync files across multiple cloud service providers like Dropbox, Google Drive, Box, Evernote, Slack and OneDrive. Started in 2013 by Alexander Mimran, Michael Lawlor, and Simon Fletcher, the company raised a seed round of $800,000 from Correlation Ventures, Rho Ventures, and other individual investors, according to the Wall Street Journal.
See the rest of the story at Business Insider
NOW WATCH: Why red and green are the colors of Christmas
See Also:
- Airbnb quietly acquired property management startup Proprly in 2016
- Here are all the companies Airbnb has acquired to help it grow into a $31 billion business
- As Airbnb prepares to go public, here are the five things things investors will be focused on
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A risky corner of the ETF market has boomed this year as YOLO traders chase the rally
A fund that tracks Nvidia stock is one of the most popular leveraged ETFs. Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia F...
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Before investing your own money into a small business idea, test it out with your target audience. Georgijevic/Getty Images Having a bu...
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Krisanapong Detraphiphat/Getty Images; Jenny Change-Rodriguez/BI Illustration Goldman Sachs forecasts muted S&P 500 gains, with a ...
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REUTERS/Lucas Jackson John Hussman warns of poor S&P 500 returns over the next 12 years. High valuations suggest potential underp...