Meta postpones launch of new AI, considers licensing Google’s Gemini after unsatisfactory test results.
Meta Delays AI Model Release Meta Inc., led by Mark Zuckerberg, is postponing the launch of its upcoming artificial intelligence model by about two months. The decision comes after internal tests indicated that the new technology didn’t measure up to competitors from Google, OpenAI, and Anthropic. In light of their findings, Meta’s AI leaders are […]
Home foreclosures in the US increase for the 12th consecutive month, impacting nearly 40,000 homeowners: report
Foreclosure Rates Continue to Climb in the U.S. The number of Americans facing home foreclosure rose for the 12th consecutive month last month, reaching about 40,000 homeowners. This trend is raising alarms about a potential housing affordability crisis, as noted in a recent report. In February, around 38,840 properties across the U.S. experienced various foreclosure […]
Stocks vary, oil remains above $100 following brief boost from Russian energy restrictions.
U.S. stock markets showed mixed results, with oil prices climbing back to around $100 a barrel after an initial drop. Investors are on edge about a potentially lengthy conflict with Iran, especially after the White House indicated a temporary easing of sanctions on Russian energy. By about 11:15 a.m. on Friday, the Dow Jones Industrial […]
The inflation measure favored by the Fed indicates that prices rose before the start of the Iran war.
Inflation Trends Continue to Rise Recent inflation metrics observed by the Federal Reserve indicate a notable increase for January, reflecting a persistent uptick in prices, a trend that actually started before the conflict in Iran pushed oil and gas prices higher. The Department of Commerce reported a 2.8% rise in prices for January compared to […]
GDP increased by just 0.7% in Q4 following a significant reduction from the initial forecast.
Economic Growth Report: A Surprise Decline On Friday, the U.S. Commerce Department released data indicating a surprising economic contraction of 0.7% annually from October to December. This decline was significantly impacted by a 43-day government shutdown last fall, which led to a revision of previous forecasts. The gross domestic product (GDP) growth rate dropped sharply, […]
Law firm Fried Frank denies rumors about reducing hiring for AI positions.
Chatbots Won’t Eliminate Legal Jobs, Says New York Law Firm Leaders at a prominent New York law firm are asserting that chatbots aren’t a threat to employment; in fact, the situation is quite the reverse, contrary to rumors going around in the legal sphere about potential layoffs. There’s been a lot of chatter at Fried […]
Operator offers retirement choices for small business owners.
Innovative Approach to Small Business Succession Small businesses are a significant part of the U.S. economy, employing around 62 million Americans and accounting for nearly half of the GDP. However, many face a tough choice as baby boomers retire and their children often decline to carry on the family legacy. Typically, these owners are left […]
Why a load of large gold bars was seen inside the White House last week
Last Friday afternoon, while President Trump was busy signing orders and discussing Iran with his Cabinet, something interesting happened outside the Oval Office. According to sources, a group of men in dark suits were seen pushing a cart filled with what looked like large gold bars through the White House hallways. And not just any […]
AI leader Emil Michael describes Anthropic as ‘wild’
Emil Michael, the Pentagon’s AI chief, expressed strong disapproval regarding Microsoft’s legal backing for Anthropic, calling the entire situation “absolutely awful.” He criticized Microsoft’s recent court brief, which supports Anthropic against the Department of the Army, suggesting it was merely an attempt to appear aligned with employees. “It seems like they’re trying to show camaraderie […]
Concerns are increasing about a potential bloodbath following the Paramount-Warner merger, including speculation regarding a leading HBO executive.
Hollywood on Edge Amid Major Merger LOS ANGELES — Hollywood is alive with chatter this week, though it’s not just about the upcoming Academy Awards. There’s palpable anxiety surrounding the massive merger between Paramount Skydance and Warner Bros. Discovery (WBD). Reports suggest potential job losses could reach the thousands, and attention has turned to which […]