New York City’s Airbnb crackdown is coming

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 24 August 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Inside New York City’s looming Airbnb crackdown. Plus, NVIDIA’s gangbusters earnings report, Japan’s controversial discharge of radioactive waste water, and a check-in with struggling Chinese job seekers.

Transcript

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0:00.0	AirBnB's lingering controversy.
0:05.6	From Marketplace.
0:06.6	I'm Subribena Shor, Infer David Brunkaccio.
0:09.2	Behind every AI is a chip, and they are made by Nvidia, and no one else for now.
0:15.0	Nvidia is riding that wave all the way to the bank.
0:17.3	It reported earnings and blew away expectations.
0:20.2	Not just for how it did in the second quarter, but how it expects to do in the third quarter.
0:25.2	Nvidia shares are up 8% in pre-market trading.
0:28.2	Marketplace is Nova Sappho has more.
0:30.4	How does ChatGPT or Google's Bard work?
0:33.2	Well, for one, they rely on advanced processor chips made by Nvidia.
0:38.0	The company believes it's well positioned to take advantage of AI advancements,
0:42.0	and so far it's being proven right.
0:44.2	Nvidia chips are in high demand as other chip makers like advanced microd systems race to catch up.
0:49.8	Nvidia's lead in AI has tripled its market value, past the $1 trillion mark,
0:54.5	adding it to the ranks of a rarefied few.
0:57.1	And its latest quarterly results, the company said it doubled revenue from a year ago,
1:01.2	nearly $14 billion, and it made a profit of $6 billion.
1:05.3	That's nine times its profit from last year during the same period.
1:09.1	Nvidia is forecasting a tripling of sales in its current quarter,
1:12.8	and it's planning to buy back $25 billion in stock, such by back's boost share prices.
1:19.1	I'm Nova Sappho, for Marketplace.
	...

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