Meta's stock plunges on aggressive' AI spending plans
Meta's aggressive AI investment plans led to a steep stock drop of around 13%, indicating investor concerns over the high costs involved in AI development. [ more ]
How an Obscure Chinese Real Estate Start-Up Paved the Way to TikTok
Investments in Chinese startups can lead to unexpected outcomes, such as Susquehanna's involvement in the founding of ByteDance, the parent company of TikTok. [ more ]
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
MicroStrategy reported a net operating loss due to a digital asset impairment charge in Q1 despite the significant increase in bitcoin's value. [ more ]
Are we on the brink of a nuclear fusion breakthrough? : Short Wave
Nuclear fusion has the potential to revolutionize energy production by providing clean, limitless energy without greenhouse gas emissions or long-term nuclear waste.
Despite past failures, recent investments from venture capitalists and tech entrepreneurs are driving new efforts to achieve commercial success in nuclear fusion. [ more ]
First Mover Americas: Worldcoin, The Graph and Filecoin Finish the Week on Top
AI-related altcoins saw significant gains, with SingularityNET and Worldcoin surging around 90% and Filecoin and the Graph rallying over 40%.
Reddit disclosed investments in bitcoin and ether as it filed to go public, making it one of the few companies directly buying digital assets like MicroStrategy and Tesla. [ more ]
The SEC has approved several spot bitcoin ETF applications, allowing traditional financial institutions to play a significant role in the crypto markets.
These ETFs could drive significant capital into bitcoin and potentially attract $100 billion in investments this year. [ more ]
The business advantages of scale and scope are widely recognized, but large, global enterprises often fail to fully realize them when it comes to innovation.Innovations that are developed in one geographic region or business unit - new products to delight customers, new HR policies to attract and retain talent, new production processes that drive efficiency gains - too often stay within them instead of being disseminated across the enterprise.
AI systems are approaching or surpassing human abilities, AI in forensic science is set to transform criminal investigations, Google and Microsoft make significant investments in AI. [ more ]
Open Data Science - Your News Source for AI, Machine Learning & more
Generative AI is coming for healthcare, and not everyone's thrilled | TechCrunch
Some experts believe generative AI in healthcare may not be ready for widespread adoption due to mixed opinions from professionals and patients. [ more ]
In the Past 3 Years, Meta Platforms Lost $42 Billion in This Under-the-Radar Segment. Should You Still Buy the Unstoppable "Magnificent Seven" Stock? | The Motley Fool
Investors concerned about Meta Platforms' heavy investments into Reality Labs, leading to significant losses in a less-known segment. [ more ]
Georgia is becoming a hub for electric vehicle production. Just don't mention climate
In Atlanta, Republican Gov. Brian Kemp stands next to a Rivian electric truck while announcing the company's plans to build a plant east of Atlanta, Dec. 16, 2021.Hyundai and Kia will also soon make electric vehicles in Georgia.John Bazemore/AP TALLULAH FALLS, Ga.A short hike from the 200-foot suspension bridge that swings across Tallulah Gorge in the north Georgia mountains, Gov. Brian Kemp plugs a long charging cord into a forest green Rivian electric pickup truck.
Warren Buffett Has Over $10 Billion Invested in 7 Stocks. Here's the Best Stock to Buy Right Now, According to Wall Street. | The Motley Fool
Warren Buffett's Berkshire Hathaway holds significant stakes in major companies like Apple, Bank of America, American Express, Coca-Cola, and Chevron. [ more ]
US launches inquiry into AI deals by Microsoft, OpenAI, Google and Amazon
The US FTC has launched an inquiry into the investments and partnerships made by major companies in the generative AI space, including Alphabet, Amazon, Microsoft, and OpenAI.
The inquiry will focus on examining the authority and rights conferred by these investments and partnerships and whether they harm competition in the AI industry. [ more ]
Dutch govt presents vision for GenAI; identifies these 4 principles for responsible AI development
The Dutch government has presented its vision of generative AI and recognizes the need to address the opportunities and challenges of AI. They aim to bring the Netherlands in line with the rapid developments of AI.
The government aims to retain control over the future socioeconomic security of the Netherlands and not leave it solely in the hands of major tech companies. [ more ]
Environmentalist divests from Big Oil after Times investigation of California lawmakers' stocks
Assemblymember Gail Pellerin has divested from several oil and chemical companies after a Times investigation highlighted her investments that contradict her environmental goals.
Pellerin's investments included stocks in companies such as Freeport-McMoRan and Dow Chemical, which have been associated with pollution and endangering species. [ more ]
Editorial: California should stop investing its retirement funds in fossil fuels. They're risky and immoral
(Jeff Chiu / Associated Press)
California has some of the nation's leading climate policies, with hard deadlines to slash greenhouse gas emissions, switch to zero-emission cars and trucks and get 100% of its electricity from carbon-free sources.But so far, its leaders have lagged behind other states, like Maine and New York, in using another important tool - the financial power of its massive public pension funds - to hasten the nation's independence from fossil fuels.
California Mayors Increasingly Turn To Temporary Housing Solutions | KQED
Mayors across California are feeling the pressure to reduce street homelessness and tent encampments.So, they're increasingly turning to temporary housing as a solution.But investments in shelters could come at the expense of permanent housing.Reporter: Guy Marzorati, KQED "Human Library" Lets People Become An Open Book To Strangers California prides itself on being a diverse state.
There is Nothing Fair About the European Commission's "Fair Share" Proposal
The European Commission's "Fair Share" proposal would create an unequal distribution of the digital tax burden that would disproportionately affect smaller businesses and countries.
The European Commission's proposal would lead to double taxation of digital services, which would create an additional financial burden for businesses.
The European Commission's proposal does not recognize the global nature of the digital economy and fails to provide businesses with an effective way to navigate the different digital tax regimes that exist across Europe. [ more ]
Ukraine hopes to rejuvenate its oil and gas sector and wants Canada to help | CBC News
Ukraine's largest oil and gas producing company hopes to end the country's reliance on petroleum imports and wants Canadian businesses to pitch in.Ukrnafta executive vice-president Denys Kudin is in Canada this week in between stops in Vienna, Washington D.C. and Houston, courting investors willing to help the country rejuvenate its mature oil fields.
Canada is paying 'an enormous price' for the Volkswagen battery plant. Is it worth it? | CBC News
Auto industry analysts say Canada paid a big price to bring Volkswagen's first North American electric vehicle (EV) battery plant to St Thomas, Ont., but whether that money will deliver lasting benefit to the economy is a matter of debate.On Wednesday, parliamentary budget officer Yves Giroux released a report detailing his calculations.
There's No Evidence for Claims That Environmentally Friendly Investments Are Bad for the Poor
CLIMATEWIRE | Conservatives are leveraging a new argument against ESG: It's hurting poor families.Energy analysts say the criticism lacks any supporting evidence.But it builds on Republicans' intensifying opposition to environmental, social and governance investing, which refers to the practice of considering risks like climate change when making financial decisions.
Trent Brown back at Patriots practice, but OT position still a question mark
Trent Brown has finally made his minicamp debut.The New England Patriots ' behemoth left tackle, who started 16 games last season, took the field alongside his teammates for the second practice of mandatory minicamp on Tuesday.Brown had missed the previous day's session after his flight into town got canceled due to a hail storm, as reported by Mark Daniels of MassLive.