Author: Editor-In-Chief
Investors around the world are bracing for a battle for long-term and short-term wins as artificial intelligence stocks plummet. AI darling Nvidia After Wednesday’s bell, the companies announced strong financial results, energizing an otherwise sluggish market, sending their own stocks soaring and selling related stocks alongside them. However, the gains quickly reversed on Thursday, with Nvidia ultimately closing 3% lower. U.S. chip makers’ earnings initially looked strong enough to dispel concerns about an AI bubble, but economic speculation put global investors back on the defensive as hopes for a December interest rate cut by the Federal Reserve faded. The UK’s…
U.S. job growth accelerated in September even as the job market cooled due to rising unemployment.Nonfarm payrolls increased by 119,000 jobs after a downwardly revised 4,000 decrease in August, according to a Bureau of Labor Statistics (BLS) report released Thursday.Recommended stories list of 4 itemsend of listThe unemployment rate was 4.4%, up from 4.3% in August.The largest increase was in the health care sector, with a total of 43,000 jobs in September. The food and beverage services sector followed, adding 37,000 jobs, and social assistance employment increased by 14,000.Other sectors such as construction, wholesale trade, retail services, professional services and…
President Donald Trump signed a bill Wednesday directing the Justice Department to release all records collected by federal prosecutors during the sex trafficking investigation and prosecution of Jeffrey Epstein and his accomplice Ghislaine Maxwell.Trump’s signing marks a stunning reversal by the president, primarily aimed at quelling a burgeoning Republican insurrection and restoring iron control over the party. Under the language of the law, the Justice Department must release the Epstein files within 30 days. But there are some bylaws in the law’s text that allow some files to be withheld. And the announcement of a new investigation into Epstein’s contacts…
Toto Wolff sold 15% of his Mercedes shares to American billionaire George Kurtz.Wolff will retain his role as team principal and CEO of the F1 team. Kurz, the founder of cybersecurity firm CrowdStrike, which has been a Mercedes partner since 2019, has bought a 15 per cent ownership interest controlled by Wolff, giving him an equal one-third stake in the team alongside Mercedes-Benz and Ineos. Kurz has joined Mercedes’ ownership group and has also been appointed technical advisor.”F1 is really at a tipping point where the business is growing,” Kurtz said. “If you’re making this kind of investment, we believe…
Every time you hear a billionaire (or billionaire) CEO explain how LLM-based agents will take all jobs from humans, remember this funny and eloquent anecdote about the limits of AI. Renowned AI researcher Andrei Karpathy had one day’s early access to Google’s latest model, Gemini 3, but when he said the year was 2025, Gemini 3 refused to believe him. When the reality of this year finally dawned on me, the magazine was struck by lightning and announced, “I am currently suffering from a major temporary shock.” Gemini 3 was released on November 18th to such fanfare that Google called…
TOKYO (AP) — Japan’s Cabinet on Friday approved a 21.3 trillion yen ($135.4 billion) economic stimulus plan aimed at stimulating the economy and cushioning the impact of high prices through increased government spending. After taking office last month, Prime Minister Sanae Takaichi pledged to boost government spending despite concerns that progress in reducing Japan’s national debt, which is about three times the size of the economy, would be delayed. The spending package is far higher than in years before the coronavirus pandemic and is also aimed at cushioning the impact of higher U.S. tariffs. japanese export to America President Donald…
US President Donald Trump has threatened the death penalty against a group of Democratic congressmen who called on the military and intelligence agencies to refuse illegal orders.He also suggested he supported jailing Democratic members of Congress for their comments.Recommended stories list of 3 itemsend of list”This is really bad and dangerous to our country. We cannot let their words stand. This is sedition by traitors!!! Lock them up???,” Trump wrote Thursday as part of a series of posts on his platform Truth Social.A follow-up message released about 40 minutes later included just five words: “Sedition, punishable by death!”Democrats quickly condemned…
Human Rights Watch (HRW) has argued that Israel’s forcible removal of tens of thousands of Palestinians from refugee camps in the occupied West Bank earlier this year amounted to a war crime and crimes against humanity. A 105-page report released by the nonprofit group said 32,000 Palestinians were expelled from three camps by Israeli forces in January and February and not allowed to return, as Israel’s war in Gaza drew international attention. As part of its investigation, HRW said it interviewed 31 Palestinian refugees who had fled camps in Jenin, Tulkarem and Noor Shams. The organization also analyzed satellite images,…
Sky Sports has announced that it will be broadcasting a further 16 live Premier League matches from January to early February.Broadcast selections through January 8 were announced earlier this month, bringing the total number of live games from New Year’s Day to Monday, February to 37. The top new fixture news is that the Manchester derby between Manchester United and Man City will be broadcast live on Saturday, January 17th at 12:30pm. The following day Wolves v Newcastle and Aston Villa v Everton will be broadcast, while Monday Night Football on January 19 will feature the all-south coast clash between…
The team of former Googlers behind the 3D design app Rooms from Things, Inc. has announced their latest project: a playful AI photo editor called Mixup. The iOS-only app allows anyone to create new AI-generated photos using “recipes.” Recipes are like Mad Libs-style fill-in-the-blank prompts for photos, text, or sketches. For example, you can have Mixup turn a scribbled sketch into a beautiful Renaissance painting or reimagine your pet in a funny Halloween costume. You can also create something even more ridiculous, such as using a selfie to see how you would look with a different hairstyle or imagining your…