Author: Press Room
Elon Musk has found himself in trouble after seemingly endorsing an antisemitic post on X.Multiple advertising agencies and large companies have since pulled their content from the site.Disney is the latest mega-corporation to announce that it is stepping back, per The New York Times. 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 Elon Musk’s response to an antisemitic comment on X is coming with a hefty price tag as multiple large companies pull their advertisements from X.Disney is the latest company to follow suit.…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of Wall Street’s best-known bears, Jim Chanos, has told his backers he is closing his main short-focused hedge funds after more than three decades.Chanos is best-known for his bet against Enron, the energy trader that collapsed in 2001, as well as for his more recent, but unsuccessful, campaign against electric-car maker Tesla, which he described as a “circus”.In a letter to investors seen by the Financial Times, Chanos wrote: “It is no secret that the long/short equity business model has come…
© Reuters. A man is seen silhouetted wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walking near the financial district of New York City, U.S., October 18, 2021. REUTERS/Shannon Stapleton/File Photo By Davide Barbuscia NEW YORK (Reuters) – Rising U.S. government debt and fiscal deficits that have helped lift government bond yields this year will likely become secondary factors for investors, as their focus shifts to economic fundamentals, Citi analysts said. Concerns over increased government bond supply and larger fiscal deficits contributed to a surge in government bond yields – which move inversely to prices – to…
© Reuters. FILE PHOTO: A self-driving GM Bolt EV is seen during a media event where Cruise, GM’s autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo By Greg Bensinger SAN FRANCISCO (Reuters) -Days after General Motors’ Cruise self-driving car unit pulled all of its vehicles off the roads in the U.S. for a safety review, it continues to test them on public roads in Dubai and Japan, Reuters has learned. Cruise this week said it had paused all car trips in the U.S. – including ones where a safety…
Masimo W1 watch gets FDA clearance for OTC, prescription use
Mexico’s President Andrés Manuel López Obrador on Friday praised President Biden for being the “first president in the United States in recent times who has not built walls.”López Obrador made the remark while meeting with Biden in San Francisco, adding that “we wish to assist the people in their countries of origin when they are forced to migrate.” “I would like to also take this opportunity to greet our paisanos, the Mexican migrants who are living and making a life and working in the United States,” he continued. “Around 40 million people have made the United States their second home, their…
Greg Brockman co-founded OpenAI with Sam Altman and Elon Musk in 2015.Altman, OpenAI’s CEO, was abruptly ousted from his role by the board on Friday.Hours later, Brockman posted on X that he was leaving the company, too. 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 OpenAI President and co-founder Greg Brockman announced on X Friday evening that he is stepping down from his post just hours after the company’s CEO Sam Altman was ousted by the board.”I’m super proud of what we’ve all built…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple and Disney have paused advertising on Elon Musk’s X, said people familiar with the matter, becoming the latest big brands to pull spending from the social media platform amid concerns about antisemitic content.Musk, who bought X last year for $44bn, has drawn criticism for endorsing an antisemitic post on the platform earlier this week. Meanwhile, a report from left-leaning non-profit group Media Matters on Thursday found adverts for top brands next to posts touting “pro-Nazi” views.Apple and Disney are following IBM,…
© Reuters. FILE PHOTO: Teamster member Sergio Martinez yells out during a rally outside a UPS facility in downtown in Los Angeles, California, U.S. July 19, 2023. REUTERS/Mike Blake By Mrinalika Roy (Reuters) -A tight U.S. labor market, the expiry of union contracts and high living costs have led to tough negotiations for pay hikes and benefits, triggering strikes and protests across industries. Nearly 444,900 workers have been involved in work stoppages and strikes through October this year, according to preliminary data from the U.S. Bureau of Labor Statistics, putting 2023 on track to becoming the busiest year for strikes…
© Reuters. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled ‘Oversight of A.I.: Rules for Artificial Intelligence’ on Capitol Hill in Washington, U.S., May 16, 2023. REUTERS/Elizabeth Frantz/File Ph By Greg Bensinger (Reuters) – Artificial intelligence may be well-known for generating human-like images out of whole cloth, but if the software has a public face it is Sam Altman’s. The co-founder of OpenAI, which caused a sensation just a year ago with the introduction of ChatGPT, Altman has presented himself as the benevolent wizard behind the curtain of a technology that…