Meta’s stock rises 10% after news of its sale of surplus AI computing resources
Meta’s Shares Surge on Cloud Business Plans Meta’s stock jumped close to 10% on Wednesday after news emerged that the company is looking to sell off surplus computing power, aiming to recover some of the considerable investment it has made in artificial intelligence. The tech giant, based in Menlo Park, California, is quickly moving to […]
Kevin Warsh notes that inflation risks have decreased – but remains silent on interest rate increases.
Fed Chairman Discusses Inflation and Interest Rates Federal Reserve Chairman Kevin Warsh mentioned on Wednesday that the risks linked to inflation appear to have diminished in recent weeks. However, he refrained from commenting on the possibility of increasing interest rates, showing a more reserved stance compared to his predecessor. During a meeting of the European […]
DJ Khaled teams up with celebrities to support nicotine pouch company Sesh as it seeks to rival Zyn.
Expansion of Celebrity Investment in Nicotine Pouches With nicotine pouches gaining traction, some American companies—especially in tech—are distributing them to employees as productivity boosters. A startup, Seshu, is now broadening its celebrity investor base in hopes of aligning with a major industry player like Zyn. Seshu, branding itself as one of the few pouch producers […]
Microsoft plans to cut thousands of jobs amid worries over AI spending, marking the third major round of layoffs this year.
Microsoft is set to announce significant job cuts next week, with thousands of positions eliminated in an effort to manage costs amid rising concerns about excessive spending on artificial intelligence. Fewer than 5,500 employees, which is less than 2.5% of the company’s 220,000 workforce, will be affected, particularly within Xbox’s gaming sector and its sales […]
Paula Reid is leaving CNN as there are questions about David Ellison’s takeover.
Paula Reed, CNN’s chief legal correspondent, has chosen to leave the network instead of staying on amidst the uncertainty surrounding David Ellison’s acquisition of Warner Bros. Discovery. Reid, a notable figure in CNN’s legal reporting, informed the management last week about her decision not to renew her contract, which is set to expire this summer. […]
Contractors for Meta pretended to be teenagers to evaluate competing AI chatbots on issues of suicide, sex, and drugs, according to a report.
A recent report indicates that Meta employed hundreds of contractors to impersonate teenagers online, flooding rival AI chatbots with inquiries related to sensitive issues such as suicide, drugs, eating disorders, and sexual topics. This clandestine operation, referred to internally as “Cannes,” focused on competing platforms like OpenAI’s ChatGPT, Google’s Gemini, and Character.AI, according to information […]
South Korea’s ‘Amazon’ compelled to retrieve laptop from Chinese river in unusual data privacy crackdown: report
South Korea’s Government Pressure on Coupang Raises Concerns Reports indicate that the South Korean government compelled a U.S.-based online retailer to undertake a risky endeavor to recover stolen laptops from a river in China. This incident surfaces amid a broader crackdown on data privacy laws, with U.S. officials flagging it as a troubling instance of […]
Major egg producers raised prices unnecessarily while Americans faced difficulties in buying groceries, must now pay $3.3 million.
A recent settlement has emerged from a widespread investigation into fraudulent pricing in the egg industry. Three significant egg producers in the U.S., accused of artificially inflating prices and burdening consumers at grocery stores, will collectively pay $3.3 million. This settlement comes after negotiations with the Justice Department and 17 states. Cal-Maine Foods, Versova, and […]
Warren Buffett stops donation to Bill Gates’ charity due to supposed connections to Epstein, according to a report.
Warren Buffett has decided to pause his annual billion-dollar donations to the Gates Foundation, a first in 20 years, as he awaits the conclusion of an internal inquiry regarding the foundation’s past connections to Jeffrey Epstein, a late financier with a controversial past, including being a convicted sex offender. The 95-year-old chairman of Berkshire Hathaway […]
Henry Schuster resigns amid turmoil on ’60 Minutes’ under Bari Weiss
Henry Schuster, a veteran producer, is parting ways with “60 Minutes” after nearly two decades at CBS News. He recently made the announcement, joining a number of high-profile exits under the leadership of editor-in-chief Bari Weiss. However, it’s worth noting that his exit doesn’t stem from the ongoing transformations within the show. According to reports, […]