Companies are going bankrupt at the fastest pace since 2020: A ‘historic surge’
First on “Making Money,” FHN Financial chief economist Chris Low and Constance Hunter, senior advisor at MacroPolicy Perspectives, debate whether inflation or the economy will slow first. The US is experiencing a “historic surge” in corporate bankruptcies as debt-laden companies struggle to adapt to a new era of high interest rates. New figures announced S&P […]
Hacker stole OpenAI secrets in 2023, raising questions about foreign actors hacking AI companies in the future
The New York Times Recently reported OpenAI has reportedly experienced a “major security incident,” raising concerns about the future security and safety of AI companies. The development also suggests that AI companies could become major hotspots for infiltration by foreign powers. Former OpenAI employee Leopold Aschenbrenner recently Podcast EpisodeHe called it a “major security incident,” […]
Companies prepare next generation of space stations for orbit
NASA is working with at least three companies designing a space station to replace the International Space Station, which is scheduled to deorbit in 2031. “NASA can use these resources to explore the heavens, the Moon and Mars, then rent space on a commercial space station to conduct research and prepare astronauts for long-duration flights […]
Trump’s generous green card proposal tickles tech companies’ fancy
“I believe that if you graduate from college, you should automatically get a green card as part of your diploma and be able to stay in this country.” That’s a globalist neoliberal thing to say, right? No. That was one of former President Donald Trump’s most recent comments on immigration. Far from the meritocratic immigration […]
Private companies added just150,000 jobs in June, less than expected
Construction is booming in states such as Arizona, California, Florida and Texas. U.S. companies started hiring more slowly than expected in June, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the back of rising interest rates. The company will create 150,000 jobs Last month’s […]
Bitcoin Mining Companies Switching to Other Coins Amid Rising Cost of Operations: CryptoQuant CEO – The Daily Hodl
Bitcoin (BTC) miners are reportedly mining other cryptocurrencies to prepare for the recent price drop, according to the CEO of CryptoQuant. Ki Yong-ju said that with Bitcoin’s hash price currently at an all-time low, it’s possible that mining companies will slow down their investments and turn to other cheaper proof-of-work (PoW) coins for the time […]
Companies Are Bamboozling Investors and Customers with ‘AI Washing’
As artificial intelligence continues to be a hot topic, some companies have been accused of “AI washing” by exaggerating the capabilities of their AI technology. BBC News Reports In recent years, the phenomenon of “AI washing” has come into the spotlight as more companies claim to use AI in their products and services. A play […]
Democrat probes 18 oil companies after FTC collusion accusations
Sen. Sheldon Whitehouse of Iowa is investigating 18 oil and gas companies after the Federal Trade Commission accused the former CEO of Pioneer Natural Resources last month of conspiring with foreign oil producers. Whitehouse, who chairs the Senate Budget Committee, asked the companies to turn over copies of any communications they had with foreign oil […]
Sony, Universal, Warner Sue AI Companies, Claiming Copyright Infringement
Artificial intelligence (AI) companies Suno and Udio were sued on Monday by major record labels Sony Music, Universal Music Group and Warner Records, alleging they committed mass copyright infringement by using the labels’ recordings to train their music-generating AI systems. of New York Post Reports A federal lawsuit filed against Udio of New York and […]
Texas woman sues vacation rental companies for husband’s death in jacuzzi
A Texas woman has filed a wrongful death lawsuit against two Mexican resort travel companies, seeking more than $1 million in damages, after her husband was tragically electrocuted in a resort hot tub. The lawsuit, filed by Lizette Zambrano of El Paso County, Texas, names as defendants vacation rental companies Casago LLC, Casago International LLC […]