Texas divests $8.5 billion from BlackRock, citing firm’s ‘destructive’ ESG push
The state of Texas notified investment management firm BlackRock on Tuesday of its plans to cancel an $8.5 billion investment, citing the company’s “disruptive” environmental, social and governance initiatives. fox business report. Texas State Board of Education Chairman Aaron Kinsey told news outlets that the Texas Permanent School Fund, which previously invested in BlackRock, will […]
SEC fines two investment firms for ‘AI washing’
The Securities and Exchange Commission (SEC) announced Monday that two investment firms have agreed to pay a total of $400,000 in penalties after the companies made false and misleading statements about their use of artificial intelligence (AI). did. The investment companies, Toronto-based Delphia and San Francisco-based Global Predictions, neither admit nor deny the civil charges, […]
FTC probing Reddit plan to let AI firms use user-generated content to train software
The Federal Trade Commission (FTC) is investigating Reddit’s plan to have artificial intelligence (AI) companies use user-generated content to train its software, the social media company said. About filing Friday. The investigation comes just days before Reddit was scheduled to complete its initial public offering, which it filed for last month. According to an SEC […]
Rivian stock rises after praise from Wall Street firms – Yahoo Finance
Rivian (RIVN) stock is rising after the company announced plans to halt construction of a new factory in Georgia, a move Trust calls a “wise decision.” The company also announced three new EV models on Thursday, most notably the introduction of a lower-priced model, the R2, priced at $45,000. Yahoo Finance Anchor brad smith and […]
Former Google engineer indicted for stealing AI secrets to aid Chinese firms
Michigan Republican John James told the Evening Edit how China is exfiltrating personal information through internet-connected cars. A former Google software engineer was indicted Tuesday in California on charges of stealing trade secrets. Artificial intelligence (AI) It’s a technology he used to benefit two companies based in the People’s Republic of China (PRC). Linwei Ding, […]
‘Profiteering off children’: care firms in England accused of squeezing cash from councils | Social care
Care companies are demanding unnecessary and expensive support packages from vulnerable children to boost profits, council leaders have claimed. Barry Lewis, Conservative leader of Derbyshire County Council, said the former family-run business, which was bought by a private equity group, was trying to extract “as much cash as possible” from the local authority. “They demand […]
Congo begins exporting liquified natural gas under Italian firm’s initiative
The African nation of Congo on Tuesday became the latest liquefied natural gas exporter to begin producing its first cargo, a year after Italian energy company ENI launched the Congo LNG project with local partners. ENI said in a statement that the first cargo ship loaded with LNG will head to Italy’s regasification plant in […]
Law firms pumped millions into NY campaigns as lawmakers made it easier to sue: report
Trial lawyers poured millions of dollars into the campaign coffers of New York politicians to push for expanded laws that would make it easier to sue, according to an analysis by a business advocacy group. The top 20 plaintiffs’ law firms gave $4.7 million to New York state lawmakers, including Gov. Kathy Hochul and Attorney […]
Exclusive: Eightcap cutting brokerage service to all prop trading firms – FX News Group
FNG limited…FNG has learned that retail FX and CFD broker Eightcap has informed prop trading clients that it will cease brokerage services for all prop trading firms as of the end of February. The move by Eightcap comes as Cyprus-based trading platform company MetaQuotes, developer of the popular MetaTrader family of platforms, has told several […]
Michael Burry bets on CNN parent Warner Bros. Discovery, restaurant firms
Hedge fund manager Michael Burry, known for his prescient comments ahead of the 2008 U.S. housing market crash, is closing out put option positions in semiconductor stocks while also investing in Warner Bros. in the fourth quarter of 2023. The company said in a securities report released on Wednesday that it had purchased shares in […]