Reported 4 months ago
OpenAI has established a Safety and Security Committee led by board members like CEO Sam Altman to oversee the training of its upcoming artificial intelligence model. The committee, including directors Bret Taylor and Adam D'Angelo, will advise on safety and security decisions for OpenAI's projects. This move marks OpenAI's transition into a commercial entity from a non-profit-like organization, aiming to streamline product development while upholding accountability. The company plans to enhance safety practices over the next 90 days and consult experts like Rob Joyce and John Carlin. The new AI model is expected to advance the company's capabilities towards achieving AGI, following the recent development of an AI model for voice conversation and interaction.
Source: YAHOO
Reported 4 months ago
Israel is facing international condemnation for an airstrike in Rafah, Gaza, that led to a civilian encampment fire and at least 45 deaths, with Israeli Prime Minister Benjamin Netanyahu stating the strike wasn't intended for civilians. Spain, Norway, and Ireland have recognized a Palestinian state, prompting criticism from Israel. In other news, Donald Trump's trial is reaching closing arguments, major storms in the South caused 22 deaths, President Biden gave a Memorial Day speech, the Celtics won the Eastern Conference title, and Taylor Swift and Billie Eilish's albums both sold over 300,000 units in the U.S. in a week, marking a milestone. Darius Rucker's memoir released, America's Got Talent season 19 premieres, and sports events are happening, while a feel-good moment features a 102-year-old and a 100-year-old getting married.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
EquiLibre Technologies, a systematic-trading startup founded by ex-DeepMind members, has partnered with Tower Research Capital to bring their algorithms and AI poker skills to the New York proprietary trading firm. The founders, with backgrounds in AI and gaming, including creating algos that beat humans in poker, are applying reinforcement learning techniques to financial markets. Despite challenges adapting Silicon Valley techniques to finance, EquiLibre aims to leverage its expertise in AI to navigate the complexities of financial data and trading.
Source: YAHOO
Reported 4 months ago
Hayden Hopkins has denied pregnancy rumors with Las Vegas Raiders owner Mark Davis following claims made by NFL news aggregator Dov Kleiman. Hopkins clarified that the reports are untrue, stating she was just a guest sitting in the owner's box at a game in 2022 and that she is expecting a child with her partner, Joey, in the fall. Kleiman had incorrectly stated that Hopkins and Davis were expecting a child after they were photographed together, fueling dating rumors that began in 2022.
Source: YAHOO
Reported 4 months ago
Teen chef William Mwungeri impressed Gordon Ramsay with his cooking skills, leading to an invitation to Hell's Kitchen. Mwungeri's viral TikTok videos showcasing dishes like beef Wellington and lasagna garnered millions of views and positive feedback. The self-taught chef hopes to collaborate with other social media influencers like Khaby Lame and Uncle Roger in the future, showcasing his talent and passion for cooking.
Source: YAHOO
Reported 4 months ago
The Saudi Pro League, backed by the Saudi football authorities and sovereign wealth fund, has embarked on a plan to transform football in the kingdom and challenge the global balance of power by acquiring top clubs and star players with the goal of becoming the number one league in the world. The league has made significant investments in big-name players like Neymar, Benzema, and Salah, attracting foreign talent to Saudi Arabia. However, questions remain about the league's ambitions, financial sustainability, and the potential impact on global football dynamics amidst concerns about human rights issues and the concept of "sportswashing" by the Saudi regime.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Tesla shares have fallen around 28% year-to-date as investors are concerned about CEO Elon Musk's involvement in AI technologies and a disputed $55.8 billion pay deal from 2018. Shareholders are set to vote on the package on June 13, but proxy service Glass Lewis has advised against it due to its size and dilutive effects. Musk's focus on AI technologies has led to concerns about his distractions from Tesla, especially as he seeks broader control to develop autonomous robotaxis. Musk's recent move to raise funds for his AI startup xAI could further test his commitment to Tesla, with shares currently trading 3% lower at $173.86.
Source: YAHOO
Reported 4 months ago
Brazil's consumer prices rose less than expected in early May, with annual inflation easing to 3.7% from a year earlier, slightly below analysts' forecasts. This data is seen as giving policymakers room to further cut borrowing costs in June before pausing rate reductions. Economists and investors have become more cautious about Brazil's inflation outlook, with forecasts for 2024, 2025, and 2026 exceeding the 3% target. Despite concerns, the report showed easing seasonal food price shocks and better-than-feared core inflation, leading to a more positive market sentiment regarding Brazil's inflation dynamics and potential rate cuts by the central bank.
Source: YAHOO
Reported 4 months ago
Wheat prices surged to a 10-month high due to concerns over crops in the Black Sea region, as cold and dry weather, coupled with the Ukraine conflict, are impacting supplies. Analysts have been reducing production estimates for Russia and Ukraine, with worries also stemming from historically low rainfall in Western Australia. The rally is fueled by growers holding onto stockpiles amid uncertainty, with the USDA forecasting global wheat stockpiles to potentially reach a nine-year low in the upcoming season.
Source: YAHOO
Reported 4 months ago
Former England rugby players Shaunagh Brown, Emily Scott, and Rachael Burford, who all currently play for Harlequins, have announced their retirements at the end of the season. Brown, 34, came out of retirement this season after initially retiring in December 2022, with both Burford, a 37-year-old World Cup winner, and Scott, 31, also deciding to retire. Burford expressed gratitude in an open letter to fans, while Scott has had successful stints with both Harlequins and Saracens, earning a total of 38 caps for England.
Source: YAHOO
Reported 4 months ago
T-Mobile is purchasing U.S. Cellular's wireless operations and spectrum assets for $4.4 billion, expanding its customer base by 4 million and gaining control of about 30% of U.S. Cellular’s spectrum assets. The acquisition is expected to improve network coverage and capacity for customers and may lead to further industry consolidation. The deal includes a combination of cash and assumed debt, with U.S. Cellular customers gaining access to T-Mobile's 5G network without incurring switching costs.
Source: YAHOO
Reported 4 months ago
Major retailers like Amazon, Walmart, and Target are extending their Memorial Day sales with big markdowns on a variety of products, including TVs, appliances, summer essentials, kitchenware, bedding, mattresses, beauty products, vacuums, headphones, fashion, electronics, and laptops and tablets. Shoppers can still find great deals on popular brands and products to set them up for savings as they gear up for summer fun.
Source: YAHOO
Reported 4 months ago
Sonos CEO Patrick Spence discusses how geopolitical moves, such as President Biden's tariffs on products from abroad, affect manufacturing, with Yahoo Finance's Brian Sozzi. By globalizing their production, Sonos has reduced the impact of tariffs on their business. Spence mentions that while tariffs have effects on innovation and profitability, companies like Sonos have shifted production away from China to minimize these impacts and are constantly monitoring situations to understand how geopolitical factors may influence their business.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
美國證券交易委員會於2023年2月頒布一項規則，將證券交易的結算週期從交易後的兩個工作日縮短為一個工作日，該舉措對股票和公司債券都有效，預期將帶來多項好處，如減少交易對手風險、提高資本和保證金效率。相較之下，大部分世界其他地區仍在採取T+2結算制度。美國證券市場的參與者將需要遵守新的標準，於交易後的下一個工作日進行結算。美國、加拿大、墨西哥等國正在推動更快的結算時間，歐盟也計畫跟進美國的T+1制度，英國則預計於2025年至2026年加速結算時間。而亞洲市場中，印度已達成當日結算，中國則採用T+0和T+1結算，其他市場則仍在觀望和評估。
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
The article discusses how Nvidia and the Nasdaq reached record highs as the AI rally continued. The Nasdaq Composite reached a new high, breaching 17,000 for the first time, while Nvidia's shares reached a record of $1,140. Meanwhile, the S&P 500 finished just above the flatline, and the Dow Jones Industrial Average drifted lower. The market has been influenced by factors like fading optimism for rate cuts and high hopes for AI, with investors closely watching inflation data from the Federal Reserve's preferred PCE gauge. Additionally, GameStop stock surged, and Robinhood announced a $1 billion stock buyback program.
Source: YAHOO
Reported 4 months ago
Spain's Sabadell is reaching out to its retail shareholders, assuring them of the bank's strong prospects as an independent entity and suggesting that they may not need to make a decision on BBVA's hostile takeover attempt worth 12.23 billion euros until 2025. Retail investors constitute a significant portion of Sabadell's shareholder base, and the bank is emphasizing its positive outlook and recent stock performance to dissuade the takeover. BBVA, which turned hostile after Sabadell rejected its initial offer, is aiming to secure a minimum approval threshold of 50.01% of Sabadell shareholders, making it crucial for Sabadell to win over smaller investors to thwart the takeover bid.
Source: YAHOO
Reported 4 months ago
Investors have shown significant interest in Saudi IPOs, with four companies collectively receiving 659 billion riyals ($176 billion) in orders for their initial public offerings. This surge in demand, which surpasses the orders for Saudi Aramco's 2019 issue, is impacting the kingdom's stock market. The Tadawul All Share Index has fallen around 8% from its peak due to investors holding onto cash for these offerings. Institutional investors have placed large orders for recent IPOs, with factors like hedge fund inflows and leverage contributing to the high demand. Additionally, the Saudi regulator's efforts to curb oversubscription seem to have limited impact as demand continues to rise.
Source: YAHOO
Reported 4 months ago
T-Mobile US Inc. has agreed to purchase US Cellular Corp.’s wireless operations and part of its spectrum assets for around $2.4 billion. This deal includes US Cellular’s wireless customers, retail stores, and 30% of its spectrum assets, with T-Mobile paying $4.4 billion total. The transaction is expected to finalize in mid-2025 pending regulatory approval, allowing T-Mobile to expand into under-penetrated markets and strengthen its position in the competitive wireless industry.
Source: YAHOO
Reported 4 months ago
The article discusses the evolving landscape of Name, Image, and Likeness (NIL) collectives in college sports, focusing on the challenges and potential changes ahead. It highlights the role of entities like the Classic City Collective at Georgia, which distributes over $1 million per month to athletes, and the upcoming shift towards schools funding their own rosters. The article explores the implications of a historic settlement between the NCAA and power conferences, creating a future model where schools can disburse millions annually to athletes, while also addressing concerns around booster involvement, Title IX compliance, and the ongoing battles among various factions in college sports.
Source: YAHOO
Reported 4 months ago
T-Mobile has announced a $4.4 billion deal to acquire most of U.S. Cellular's wireless operations, including customers, stores, and 30% of its spectrum assets. U.S. Cellular will retain ownership of 70% of its spectrum, equity investments, and telecom towers. The deal aims to improve T-Mobile's coverage and will be funded through a mix of cash and assumed debt. No impact on T-Mobile's financial forecast or shareholder return program is expected, with operating expense and capital spending synergies of around $1 billion anticipated. The deal is set to close by mid-2025 pending regulatory approvals, with a termination fee of $60 million if it falls through.
Source: YAHOO
Reported 4 months ago
Reese Witherspoon expressed tears of joy and pride at her niece Abby's high school graduation, sharing photos and heartfelt congratulations on Instagram. Abby, the daughter of Witherspoon's older brother, has acted in films alongside her aunt and is set to appear in upcoming projects. Witherspoon's celebration follows her support for friend Jennifer Garner at her daughter's pre-graduation event, showing the bond between the two actresses and mothers.
Source: YAHOO