Author: Press Room
OpenAI’s new board has drawn criticism for only consisting of white men.One name that’s been floated to join it is ex-Google researcher and AI ethics expert Timnit Gebru.However, Gebru told Wired she found the idea “repulsive.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The new OpenAI board has drawn criticism for its lack of diversity, as it’s currently comprised of three white men. One name that’s been floated to join the board is prominent AI researcher Timnit Gebru.The only problem is, it’s a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. RIP Charlie Munger, an icon of value investing and a very funny man. He urged investors, above all, to keep it simple. Many readers will know Munger’s famous line that you’d be wise to swap the term “ebitda” with “bullshit”. Another one of our favourites: “If you want a formula [for investing], go back to graduate school.…
© Reuters. FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo By Paritosh Bansal (Reuters) – In recent weeks top U.S. officials have raised concerns over a hedge fund trade that profits from tiny price differences in Treasuries, worried it could present a risk to financial stability. No one knows, though, how big that trade really is. Researchers from the U.S. Federal Reserve and the Office of Financial Research (OFR) in late August wrote there were signs that the so-called basis trade had increased this year amid rising interest rates, approaching levels last seen…
© Reuters. FILE PHOTO: People walk past a Casino supermarket in Nice, France, January 31, 2022. REUTERS/Eric Gaillard/File Photo (Reuters) – Czech billionaire Daniel Kretinsky has pushed debt-strapped French retailer Casino’s management to sell its largest stores ahead of his planned bailout, the Financial Times reported on Wednesday, citing three people aware of the discussions. Kretinsky had expressed concerns about the feasibility of keeping the stores to the company’s founder Jean-Charles Naouri months ago, FT said. Casino did not immediately reply to Reuters’ request for comment. French food retailers Intermarché, Système U, Auchan and Carrefour (EPA:) are among the bidders…
© Reuters. FILE PHOTO: Hundreds of Catholic institutions around the globe have announced plans to divest their finances of oil, gas and coal to help fight climate change since Pope Francis published his landmark encyclical on environmental stewardship in 2015 urging By Richard Valdmanis (Reuters) – Hundreds of Catholic institutions around the globe have announced plans to divest their finances of oil, gas and coal to help fight climate change since Pope Francis published his landmark encyclical on environmental stewardship in 2015 urging a break with fossil fuels. But in the United States, the world’s top oil and gas producer…
Fluence Energy reports earnings that beats top and bottom line estimates; initiates FY24 outlook
DERRY, N.H. – In front of a standing room only crowd on a chilly late autumn evening in the state that holds the first primary in the Republican presidential nominating calendar, Nikki Haley was making her case.The former South Carolina governor who later served as ambassador to the United Nations in former President Donald Trump’s administration was arguing that she’s more electable than her former boss in a 2024 general election matchup against President Biden.”If you look at the national polls and you look at electability, you see that Trump is pretty much even with Biden. On a good day,…
Output of an Artificial Intelligence system from Google Vision, performing Facial Recognition on a … [+] photograph of a man, with facial features identified and facial bounding boxes present, San Ramon, California, November 22, 2019. (Photo by Smith Collection/Gado/Getty Images)Getty Images The EU AI act, the pillars of which had been set out and confirmed by the EU parliament this summer had run aground in recent weeks, owing to the ‘entrepreneurial’ zeal of some of its member states, which themselves highlight the strategic importance of the ‘scramble’ for AI. The French and German governments have in recent weeks pushed back…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Last week, while most of my family was watching American football in a turkey-induced stupor, I got bored. So I pulled out my smartphone and ordered a new camera lens to boost the quality of my holiday snapshots.Turns out I wasn’t the only one. US online shoppers have busted through forecasts, shelling out a record $38bn for the post-Thanksgiving period. The $12.4bn spent on what is known as Cyber Monday made it the biggest US digital shopping day of all time, according…
© Reuters. FILE PHOTO: Vice-Chairman of Berkshire Hathaway Corporation Charlie Munger speaks to Reuters during an interview in Omaha, Nebraska May 3, 2013. REUTERS/Lane Hickenbottom/File Photo A look at the day ahead in European and global markets from Tom Westbrook An era has drawn to a close with the death of Charlie Munger, a month short of his 100th birthday. The union of Munger and Warren Buffett is among the most successful in the history of business, transforming Berkshire Hathaway (NYSE:) into a multi-billion dollar conglomerate. Often handy with a one-liner Munger summed up his fame in 2010: “I think…