Broadridge Financial Solutions Stock: Analyst Estimates & Ratings
Elon Musk and Sam Altman have been in a long-running feud over generative artificial intelligence, and while the jury is still out on whether or not this technology is a bubble waiting to pop, we can say one thing for certain: Employees of both companies are hitting it big. A new report from Business Insider published today shows that both Musk’s xAI and Altman’s OpenAI are paying handsomely to acquire the key talent they need to win. The report looks at the salaries of engineers from both startups using publicly available visa application data that companies must file in order to hire foreign workers. The data includes position titles and salaries, and it shows that Musk’s hellbent desire to beat OpenAI has done nothing if not put more money in engineers’ pockets. According to the data, Business Insider found that xAI and OpenAI respectively pay their employees 37% and 87% above the industry’s prevailing wage respectively. The prevailing wage is defined by the Department of Labor as the average wage paid to workers in particular occupations within a defined geographic area. xAI only has about 100 employees right now and has filed visa applications for 10 roles with the lowest-paid engineer receiving $250,000 and the highest-paid netting $500,000. One employee at xAI, a principal machine learning engineer, was paid almost double the government-defined prevailing wage. OpenAI has thousands of employees with salaries ranging from $145,000 to $530,000. The salary range is wider there in part because OpenAI has many more administrative employees. None of this new data should be terribly surprising. The entire tech industry is going through a massive AI hype cycle, and every company needs to throw the buzzword around in order to please investors. Add on top of that the history between Musk and Altman. The former is a jilted lover who gave up his position at OpenAI over diverging views, only for the company to become a global sensation just a few years later. It’s like breaking up with a girl only for her to have a massive glow-up years later. Musk has raised billions of dollars to try and win it back, creating his own competing AI company and chatbot in the form of Grok that he has said would produce the most free speech-forward chatbot of them all. He’s attached it to X in order to somewhat salvage the $44 billion purchase of that company as well. Between the two ventures, more than $50 billion has been invested—this is a big swing for Musk. It will be a major hit to his ego if xAI and its Grok chatbot were to fail. Musk is also using the courts to try and win, suing OpenAI in a bid to stop it from converting into a for-profit company. OpenAI was started by Musk and Altman as a non-profit focused on AI safety, but the company continually needs cash to fuel its ambitions, and investors aren’t going to want to put in much more if it remains a convoluted non-profit. While Musk is correct in that he did provide the initial funds with the express purpose of creating a public benefit, emails revealed in court also show he pushed the idea of becoming a for-profit company years ago specifically so it could have an easier time raising money. This lawsuit, then, is really just an attempt to slow OpenAI down. As part of the lawsuit, Musk has said OpenAI is using exorbitant salaries in a manner meant to stifle competition. Everyone in tech seems to be a free market maximalist until they aren’t.It’s a familiar story. You get so focused on Christmas that you forget to make plans for Hogmanay – then panic buy a ticket to an overpriced event at a pub, paying a fortune to have a decidedly average evening. So this year, why not plan ahead and do something a bit different? From cabins to ceilidhs, these are our pick of the best alternative ways to spend New Year’s Eve. Stay at Glencoe Woodland Lodges, Ballachulish Why not forego the crowds completely, and see in 2025 in total tranquillity? That’s what’s on offer at the delightful Glencoe Woodland Lodges. Their luxury RiverBed micro cabins are perched right on the riverside, with private sunken hot tubs on the deck where you can toast the bells in style. Only 12 square metres in size, the cabins are cosy and romantic, but well stocked with a Simba mattress, mini kitchenette and luxury en-suite bathroom. And with the breathtaking surroundings of Glencoe on your doorstep, it’s the ideal place for a New Year’s Day walk to blow the cobwebs away. www.woodlands.scot/accommodation (Image: The Stand) Enjoy comedy at the Hogmanay Special at The Stand, Glasgow End 2024 on a high with a giggle at the Stand Comedy Club. This intimate venue in Glasgow’s west end has seen some A-list comedians performing there over the years and is a great place to catch exciting new talent. Their Hogmanay special will be hosted by Marc Jennings, with performances from Susan Riddell, Gary Little and headliner Ray Bradshaw. The event starts at 8pm, but be sure to arrive an hour earlier, when the doors open, to secure a seat up the back. If not, you run the risk of becoming part of the act. www.thestand.co.uk Dance at the Taybank, Dunkeld, Perthshire The Taybank, one of Perthshire’s most popular pubs, is a hub for celebrations on Hogmanay. There’s cocktails, canapés and a disco upstairs, or live trad performances from ceilidh band Rohallion for those who prefer more traditional music . If you want a bit of fresh air, there’s fire pits and mulled drinks outside where you can coorie in and enjoy views of the majestic Telford Bridge over the Tay. Tickets for the party are £50 per person, but you can buy an extra package that includes a four-course dinner and a glass of fizz in the restaurant. www.thetaybank.co.uk (Image: Stonehaven Fireball Festival) Watch the Stonehaven Fireball Festival, Aberdeenshire For a truly memorable way to spend the bells, look no further than the Stonehaven Fireball Festival. Thousands descend on this Aberdeenshire harbour town to see the locals parade through the street swinging balls of fire around their heads (allegedly banishing the bad spirits before the new year). The excitement starts around midnight and lasts for 20 minutes, before a firework display kicks off above the harbour. Best of all, it’s free and there is no ticket required to watch the festivities. Take note, Edinburgh! www.stonehavenfireballs.com Toast a whisky in Dufftown, Moray Dufftown is famous for whisky and shortbread, and you can enjoy both these Scottish classics at the town’s Hogmanay festivities. Most people begin the evening at a party in local hotel The Whisky Capital Inn, where stovies are served alongside whisky (included in the £20 entry ticket) and there’s live music from the Dufftown Pipe Band. At midnight, revellers spill out into the town square where free drams of whisky and shortbread are handed out, thanks to the local Glenfiddich distillery and Walkers biscuit factory. www.whiskycapitalinn.co.ukInside the Gaetz ethics report, a trove of new details alleging payments for sex and drug use
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NoneSchneider National, Inc. SNDR disclosed that it has agreed to acquire Cowan Systems, LLC and its affiliates for approximately $390 million in cash, subject to adjustments . The deal also includes a separate purchase of related real estate assets for $31 million. Cowan Systems is primarily a dedicated contract carrier with a portfolio of complementary services including brokerage, drayage and warehousing. The company operates approximately 1,800 trucks and 7,500 trailers across more than forty locations throughout the Eastern and Mid-Atlantic regions of the U.S. Including Cowan Systems, Schneider will operate over 8,400 Dedicated tractors, approximately 70% of Schneider’s Truckload fleet. The acquisition is expected to be earnings accretive for Schneider within the first year, excluding anticipated synergies. The transaction is expected to close in the fourth-quarter 2024, pending customary conditions, and will be financed through existing cash and a new $400 million delayed draw term credit facility. Post-acquisition, Cowan Systems’ financials will be integrated into Schneider’s Truckload and Logistics segments. This deal follows previous acquisitions of Midwest Logistics Systems and M&M Transport Services, reinforcing Schneider’s growth in Dedicated contract carriage. “This acquisition aligns with Schneider’s long-term vision to have customer-centric Dedicated solutions as the cornerstone of its Truckload segment. By complementing our organic Dedicated growth success with transactions like this, we are broadening our presence to provide greater value to our customers and stakeholders,” said Schneider President and CEO Mark Rourke . As of September 30, 2024, the company had cash and cash equivalents of $179.0 million . Investors can gain exposure to the stock via Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF NRSH . Price Action : SNDR shares are up 2.10% at $32.28 at the last check Monday. Read Next: These Analysts Revise Their Forecasts On Schneider National Following Q3 Earnings Photo via Shutterstock. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
LOVE Island star Ciaran Davies has appeared to take another swipe at his ex girlfriend Nicole Samuel in the wake of their shock split. Ciaran Davies, who coupled up with Nicole Samuel in this summer's series of Love Island, has posted a series of pictures from recent events which praised his new found single status. He told Instagram fans: "Just me living my best life in December." The post featured pictures from Christmas as well as him hanging out with Love Island alumni Sammy Roots, heading to the gym and attending a London movie premiere. This isn't the first time Ciaran has made a dig at Nicole or his single status, with the pair locked in what appears to be a public spat since their break up. Previously taking to TikTok Ciaran reposted a cryptic quote, which read: "The truth always comes out in the end, no matter how hard anyone tries to hide it or stop it. "Lies are just a temporary delay to the inevitable." Another TikTok post which didn't get missed by fans included another quote that Ciaran reposted, which read: "When IK [I know] they lying I just gotta see how stupid they think I am first." The first news of the couple's split came with a confirmation that Ciaran and Nicole had parted ways "on amicable terms" four months after leaving the villa. A representative for the pair told us: "Over the last couple of days Nicole and Ciaran have made the mutual decision to part ways. "They have left the relationship on amicable terms, and will remain good friends going forward." Following the split Nicole quickly unfollowed Ciaran and deleted pictures of him from her social media, hinting that things were less than friendly between them after their split. It's also now confirmed that Ciaran is one of the stars taking part in the upcoming series of Celebs Go Dating. An insider said to us : "He's signed a big money, five figure deal to appear on the show next year. "Nicole isn't best pleased - it's the last thing she wants to see him dating on TV - but she knows it's his choice and will be good for his career."