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Matty Staniszewski, co-founder and CEO of AI audio company ElevenLab, believes that AI models will become commoditized over time, an obvious comment for a company currently focused on building AI models. Speaking on stage at the TechCrunch Disrupt 2025 conference on Tuesday, he shared both his short-term and long-term views on the AI ​​audio space. Staniszewski said that his company’s researchers have been able to solve some of the model architecture challenges, and that this work will continue in the audio field over the next year or two. “Long term, it’s going to become a commodity over the next few…

The easy part for the Federal Reserve on Wednesday will be announcing a widely expected interest rate cut at the end of its two-day policy meeting. The difficult part will be dealing with other details that pose significant challenges to policy-making these days.The market has a nearly 100% chance that the Federal Open Market Committee will approve a 25 basis point cut in the federal funds rate for the second consecutive quarter. The benchmark for overnight loans is currently targeted at 4%-4.25%.In addition, policymakers are likely to discuss future cuts, the challenges posed by a lack of economic data, and…

Photo | Future Publishing | Getty ImagesCharacter.AI announced Wednesday that it will soon block the ability of minors to use its artificial intelligence chatbot to engage in free chat, including conversations about love and therapy.The Silicon Valley startup, which allows users to create and interact with character-based chatbots, announced the move as part of its efforts to make its app safer and suitable for people under 18.Last year, 14-year-old Sewell Setzer III committed suicide after having a sexual relationship with a chatbot on the Character.AI app. Many AI developers, including OpenAI and Facebook’s parent company Metahas come under intense scrutiny…

Palestinians in Gaza have experienced their deadliest 24 hours since the US-brokered ceasefire between Israel and Hamas went into effect nearly three weeks ago.Israel killed more than 100 people, including 46 children, in attacks late Tuesday and Wednesday. Medical officials told Al Jazeera that the attacks were across Gaza.Recommended stories list of 3 itemsend of listThis has led to dozens of ceasefire violations so far, and the future outlook is grim. Let’s take a look at the current situation.What’s the latest news?By noon on Wednesday, the Israeli military announced that it would return to a ceasefire as directed by the…

Paris — Two suspects arrested in connection with the theft of French treasures from the Louvre have admitted their involvement in the heist and have been taken into custody, the Paris public prosecutor’s office announced Wednesday. Paris prosecutors also said the stolen jewelry was not their property. Paris prosecutor Laure Becuaux told a news conference that the two suspects had been presented before a preliminary judge and could face a formal investigation later on Wednesday. The robber, who robbed the Louvre’s Apollo Museum over seven minutes in broad daylight, attracted global attention after fleeing with tens of millions worth of…

At the Women’s Cricket World Cup, Laura Wolvaardt and Marisanne Kapp led South Africa to a 125-run victory in Guwahati, but England were eliminated in the semi-finals. Wolvaardt smashed 169 off 143 deliveries, the highest score by a South African player in the Women’s World Cup, as the Proteas recovered from 202-6 after losing the toss to post a commanding 319-7 in 50 overs. Kapp made a dream start with the ball, adding 42 runs on the fast-break and removing Amy Jones and Heather Knight with a double-wicket maiden. Tammy Beaumont was then also dismissed without scoring, and England were…

planet lab Shares have fallen sharply in recent months as investors bet on the company’s satellite data offering.The stock has soared since early September and is up more than 100% in the past three months, making it one of the best-performing companies in CNBC’s review of San Francisco-based companies. The company’s stock has soared more than 215% this year, building on last year’s more than 60% rise.”Investors are starting to realize the potential of our business,” Ashley Johnson, the company’s president and chief financial officer, told CNBC’s Brian Sullivan in an exclusive interview Tuesday.Stock chart iconStock chart iconBotanical Institute in…

Chen Xin | Getty Images News | Getty ImagesfiservShares plunged 44% on Wednesday, their worst day ever, after the fintech company lowered its profit outlook and revamped some of its management team.”Our current performance is not where we would like it to be nor what our stakeholders expect,” CEO Mike Lyons said in a release.Fiserv now expects full-year adjusted earnings of $8.50 to $8.60 per share, down from its previous forecast of $10.15 and $10.30. Sales are expected to increase by 3.5% to 4%, compared with the previous forecast of 10%.Lyons said on Wednesday’s earnings call that the deteriorating economic…

Sen. Elizabeth Warren (D-MA) attends a Senate Finance Committee hearing at the Dirksen Senate Office Building on April 8, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesPresident Donald Trump is “losing a self-inflicted trade war” with China and the United States is in a “weak position” heading into talks with Chinese President Xi Jinping, Senate Democrats said Wednesday in a new report on the impact of President Trump’s far-reaching tariffs.The report says President Trump’s trade war “imposed significant costs” on American consumers and businesses, “sold out American farmers” and that the president “strengthened China’s hand while weakening U.S. influence.”CNBC…

Gyeongju, South Korea – President Donald Trump and President Xi Jinping’s first face-to-face meeting since 2019 is expected to lead to an agreement to ease trade tensions between the United States and China.But whatever agreement they reach on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea will have repercussions for the entire global economy, as Mr. Trump and Mr. Xi are scheduled to represent the United States and China on Thursday.Recommended stories list of 4 itemsend of listThe world’s two largest economies, the United States and China, are unparalleled in their influence on global stability and…