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☆ Billionaire real estate investor Frank McCourt wants to buy TikTok — but he's not interested in the algorithm
▼ + stars: | 2024-05-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewReal estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business. Related stories"We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. McCourt wants to change TikTok's basic business to an open-source model that allows users and creators more control over their data. McCourt told the New York Times that he doesn't want the algorithm. "We doubt very much that China would sell TikTok with the algorithm," McCourt told the Times.

Persons: —, Frank McCourt, McCourt, Kirkland, Ellis, TikTok, Forbes, Tim Berners, Lee, TikTok . McCourt, Eric Schmidt, Steven Mnuchin, he's Organizations: Service, Guggenheim Securities, Business, Associated Press, Liberty, Los Angeles Dodgers, Big Tech, New York Times, Times Locations: China

☆ A new mantra for AI models: 'good enough' is good enough
▼ + stars: | 2024-05-16 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

In particular, it beat OpenAI's GPT 3.5, a model that was released two years earlier, an eternity in AI years. This new, leaner model will cost users only 35 cents per million tokens, compared with $7 per million for the Gemini 1.5 Pro model. But it remains to be seen if state-of-the-art is actually a good business model. said the founder and CEO of one seed-stage startup that's training new AI models, "but then, you know, as businesses, what you also want to do is what is good enough." As AI models get bigger and gobble up more money and computing resources, there are often diminishing returns in terms of performance.

Persons: —, Databricks, Ali Ghodsi, Ghodsi, Claude, it'll, Morgan Stanley, Martin Kon, Kon, OpenAI Organizations: Service, Business, Companies, Google, Gemini, Microsoft, Apple

☆ It will be even more expensive to borrow money for college this year—3 tips to cut down costs
▼ + stars: | 2024-05-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The interest rate for direct federal undergraduate student loans disbursed after July 1, 2024 will be 6.53%, the Department of Education announced Tuesday. That's up from the current 5.5% interest rate, and the highest rates have been since 2008, according to ED data. New graduate student loans will have an 8.08% interest rate and parent PLUS loans will come with a 9.09% rate. Here are three ways to lower your overall college costs and reduce the amount you may need to borrow. Starting your college education at a community college or trade school is one way you may be able to cut down on costs while racking up course credits.

Persons: That's, Gabriella Carter, Ethan Nguonly, Nguonly hustled, Nguonly Organizations: Department of Education, Princeton University grad, CNBC, University of California — Locations: University of California — Berkeley

☆ Election Updates: Biden and Trump are aiming to have two debates, the first in June.
▼ + stars: | 2024-05-15 | by ( Jonathan Swan | Maggie Haberman | ) www.nytimes.com time to read: +13 min

Mr. Biden recently indicated he would debate Mr. Trump, but had until now declined to give any firm commitment or specific details. In a video announcing his offer, Mr. Biden taunted Mr. Trump. Mr. Trump leads Mr. Biden in most polls of battleground states, including the recent surveys by The New York Times, Siena College and The Philadelphia Inquirer. Significantly more voters trust Mr. Trump over Mr. Biden to handle the economy. Mr. Biden, exasperated, famously said to Mr. Trump, “Will you shut up, man?

Persons: Biden, Donald J, Trump, —, Robert F, Kennedy Jr, Mr, Biden’s, Jennifer O’Malley Dillon, O’Malley Dillon, ”, Trump’s, “ Let’s, Donald, Ms, Mark Makela, “ Will, Susie Wiles, Chris LaCivita, Reagan, “, There’s, Kennedy, Wiles, LaCivita, George W, Bush’s, Barack Obama, Mitt Romney, Richard Perry, Romney, Hillary Clinton’s, Bill Clinton, Reid J, Epstein Organizations: The New York Times, Biden, Commission, Mr, Trump, “, ”, Republican National Convention, Republican National Committee, Siena College, The Philadelphia Inquirer, White House, CNN, Electoral College —, Republican, Democratic, ” Networks, CBS News, ABC News, Telemundo Locations: Washington, Trump’s Manhattan, York, Milwaukee, America

☆ Yoav Gallant, Israel defense minister, says he would oppose ‘Israeli military rule’ in Gaza
▼ + stars: | 2024-05-15 | by ( Jeremy Diamond | Tamar Michaelis | ) edition.cnn.com time to read: +4 min

CNN —Israel’s Defense Minister Yoav Gallant has called on Prime Minister Benjamin Netanyahu to publicly rule out Israeli governance over Gaza and to lay out his post-war plans, warning that he opposes Israeli rule in the Palestinian enclave. Israeli military officials have quietly warned that the lack of a long-term strategy for post-war governance will result in this pattern repeating throughout Gaza. “I will not agree to the establishment of Israeli military rule in Gaza. Netanyahu also said that a complete routing of Hamas would be his prerequisite for a new civilian government in Gaza. The public clash between Gallant and Netanyahu follows repeated calls by the US for Israel to produce a clear plan for post-war Gaza.

Persons: CNN —, Yoav Gallant, Benjamin Netanyahu, ’, ” Gallant, “⁠, ”, Gallant’s, Antony Blinken, Israel, Netanyahu, “, CNN Netanyahu, “ I’m, Fatah, Benny Gantz, Gallant Organizations: CNN, CNN — Israel’s, Hamas, Palestinian Authority, Palestinian Locations: Gaza, Israel, ”, Kyiv, Ukraine

☆ How my family of 6 spent nearly $9,000 on a Disney vacation — and what we'll do differently next time
▼ + stars: | 2024-05-15 | by ( Daryl Austin | ) www.businessinsider.com time to read: +9 min

First off, driving instead of flying saved us a lot of moneyMy family added a road-trip component to our trip. Daryl AustinWe saved money by driving to Disney instead of flying. AdvertisementLastly, we saved money by cutting back on character-dining experiences and sharing most of our mealsOur family split meals at Disneyland when we could. In hindsight, this means we could've saved some serious money on tickets and food costs by cutting out our last two days at Disney. Otherwise, my wife and I will be dreading the next Disney vacation nearly as much as our kids will be eagerly anticipating it.

Persons: —, Daryl Austin, That's, we'd, we've, Dole, would've, could've, Daryl Austin Disney Organizations: Service, Universal Studios, Business, Marriott, Gas, Disney, we've, Disneyland, Minnie Locations: Utah, Southern California, California, Salt Lake City, Los Angeles, Las Vegas, Marriott Anaheim, Disneyland

☆ Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media
▼ + stars: | 2024-05-15 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

But it's no longer just about digital ad dollars, and Amazon's inaugural presence at this year's Upfronts events is the clearest indication that the e-commerce giant is prepared to take on traditional media. Amazon's Prime Video and other streamers would historically be featured at Newfronts, which is digital media's take on Upfronts. This year, they're projected to spend roughly $18.8 billion on traditional TV ads during Upfronts, an increase of 1% from a year earlier, according to eMarketer. 1 question all of you asked was, 'When are you going to show ads on Prime Video?'" He showed how the business has evolved to include digital video ads on Prime Video.

Persons: they're, Cowen, Alan Moss, we've, Reese Witherspoon, Jake Gyllenhaal, Paul Kotas, We've, Kotas, we're, — CNBC's Lillian Rizzo, Alex Sherman Organizations: Meta, Google, Amazon, Disney, Comcast, Netflix, Google's YouTube, Prime, Revenue, National Football League, CNBC Locations: Amazon, U.S

☆ The Billionaire Frank McCourt Mounts Bid to Buy TikTok
▼ + stars: | 2024-05-15 | by ( Lauren Hirsch | Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

The billionaire Frank McCourt has put up his hand. Mr. McCourt said Wednesday he was working to put together a group of bidders to buy the social media app. His goal in doing so is to rethink how TikTok, and the internet overall, use data and consider privacy. “This seemed like a great opportunity to actually create the alternative to the current internet, which has been colonized by large platforms and including TikTok,” Mr. McCourt said in an interview. He said the deal could help users “control their identity, own and control their data.”

Persons: Frank McCourt, McCourt, Jonathan Haidt, Mr, ” Organizations: Los Angeles Dodgers, Facebook, Liberty

☆ Trump’s playboy past is in the spotlight. His allies are readying a new fight against pornography
▼ + stars: | 2024-05-15 | by ( Steve Contorno | ) edition.cnn.com time to read: +12 min

A movement to rein in online pornography is rapidly intensifying, fueled by conservative outrage and growing unease over the accessibility of sexual content online, especially for children. Pornography is mentioned on the first page; banning pornography and locking up those who produce it are proposed on Page 5. He was an occasional guest at Hugh Hefner’s famed Playboy Mansion and made cameos in soft-core pornographic films produced by the company – though not in any scenes depicting sexual content or nudity. ‘Sex is the canary in the coal mine’The Supreme Court has deemed previous attempts to curb online pornography unconstitutional on First Amendment grounds. They were designed to protect adults from accessing adult content, which, of course, is their stated aim.

Persons: Donald Trump’s, Trump, “, ”, Terry Schilling, Hugh Hefner’s, Stormy Daniels, Karen McDougal –, McDougal, Daniels, Kevin Roberts, ” Roberts, ” Roberts hasn’t, Ben Carson, Charlie Kirk, Chris LaCivita, Susie Wiles, President Trump, LaCivita, Wiles, Mike Stabile, ” Pornhub, –, Robert Winterton, Pornhub, Solomon Friedman, It’s, ” Schilling, Paul Dans, Stabile, ” Stabile, Schilling, “ It’s, Stuart Brotman, Brotman –, Playboy’s Hefner –, Roberts, ” Brotman, Ben Bull, ” Bull Organizations: CNN, Trump, Heritage Foundation, Playboy, Heritage, Housing, Urban, Free Speech Coalition, US, Apple, Google, Facebook, ”, National Center, Media, Ethical Capital Partners, Republicans, US Department of Justice, University of Tennessee, GOP Locations: Manhattan, Washington, DC, Lake Tahoe, Texas, – Virginia, Montana , North Carolina , Arkansas , Utah , Mississippi, Louisiana, California, Knoxville

☆ Can MLB save the starting pitcher? The search for solutions to baseball’s ‘existential crisis’
▼ + stars: | 2024-05-14 | by ( Jayson Stark | Ken Rosenthal | ) www.nytimes.com time to read: +20 min

Ten active major-league starting pitchers have won a Cy Young Award — and nine of them have spent time on the injured list in 2024. The issue is not only the health of the modern starting pitcher, but the role those starters play in the sport these days. “You’ve got to get the starting pitcher back. But has the starting pitcher crisis risen to that level? If you’re a dominating starting pitcher in this era, it probably means you throw harder than the average pitcher.

Persons: Tom Seaver, Steve Carlton, Sandy Koufax, Bob Gibson, Pedro Martinez, Randy Johnson, ’, Cy Young, Baltimore’s Corbin Burnes, Yu Darvish, Justin Steele, ”, Max Scherzer, “ You’ve, Patrick Mahomes, isn’t, that’s, weren’t, here’s, It’s, they’d, you’re, they’re, David Ortiz, Scherzer, Justin Verlander, Adam Wainwright, they’ve, “, North America aren’t, I’ve, you’ve, ” Scherzer, Corbin Burnes, Patrick Smith, Rob Manfred, we’re, “ You’re, wouldn’t, it’s, “ that’s, He’s, Manfred, Eamonn Dalton, Conrad Williams , Jr, Matthew Grimes Jr Organizations: Cy, Wrigley, San Diego Padres, Chicago Cubs, Cubs, Padres, Major League Baseball, Texas Rangers, NFL, Athletic, MLB, American League, of Fame, didn’t, Atlantic League, Red Sox, National League, North America, Orioles, Newsday, Getty Images, Atlanta Braves, Getty

☆ Why bitcoin hasn't joined the latest meme stock craze this week
▼ + stars: | 2024-05-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

GameStop and fellow meme stock AMC Entertainment are each up more than 160% over the past two days. "This isn't 2021 when the world was locked down and awash with liquidity," said Antoni Trenchev, cofounder of crypto exchange Nexo. To be sure, there's a world of cryptocurrencies beyond bitcoin that includes meme coins. Noelle Acheson, economist and author of the "Crypto is Macro Now" newsletter, added that the meme stock run was "more of a revving of engines than a full take-off" and that macro issues are still pressuring bitcoin. Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs, added that although bitcoin was "lumped into the meme stock category" in 2021, the market is starting to show signs of being taken more seriously now.

Persons: bitcoin, Bitcoin's, Antoni Trenchev, haven't, Shiba, Noelle Acheson, Acheson, Sylvia Jablonski Organizations: GameStop, AMC Entertainment, AMC, Metrics Locations: bitcoin, U.S, BlackRock, Defiance

☆ These are the new meme stocks getting the most buzz on message boards
▼ + stars: | 2024-05-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Meme stocks are back, and the mania is actually spreading far beyond GameStop and AMC Entertainment . The latest frenzy was triggered by a single post on social media site X from "Roaring Kitty," the man who inspired the epic meme stock mania in 2021. Quiver Quantitative , an alternative data analytics firm, looked to find all the meme stocks that are popular among the Reddit traders. A few names associated with the artificial intelligence boom also became popular meme stocks, including voice AI and speech recognition company SoundHound AI , AI IT services firm BigBear.ai and Super Micro Computer , a maker of servers. Other under-the-radar meme names included B. Riley Financial, Spirit Airlines , Tilray Brands and Smart for Life.

Persons: Smart, Riley Organizations: GameStop, AMC Entertainment, Marathon Digital, IT, Micro, Nvidia, Riley, Spirit Airlines, Tilray

We've scoured all of the options to find you the most up-to-date information on how to watch WNBA games from wherever you are. How to watch 2024 WNBA games in the USThe 2024 WBNA games will be shown across various networks and streaming services, including ESPN, ESPN2, ESPN3, ION, NBA TV, Prime Video, ABC, CBS, and CBS Sports. For those without cable, you can catch the games through a combination of streaming services or live TV packages. We've also located one live TV streaming service that should be able to get you almost every single game this season. Shop at SlingFubo is another live TV streaming alternative, which will get you almost every WNBA game this season.

Persons: Iowa's Caitlin Clark, We've, There's, Fubo, inputting, they're, ExpressVPN Organizations: Business, WNBA, Indiana Fever, ESPN, ESPN2, ESPN3, ION, NBA, ABC, CBS, CBS Sports, NBA TV, Amazon, Paramount, Showtime, Amazon Prime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Connecticut Sun, Phoenix Mercury, Las Vegas Aces, Disney

☆ The US dollar has become so weaponized that central banks are snapping up politically-neutral gold
▼ + stars: | 2024-05-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Central banks accounted for one-quarter of gold demand in 2022 and 2023, as the institutions bought over 1,000 tons of gold each year, according to the World Gold Council in a recent report. Related storiesThe world's central banks continued buying gold, snapping up 290 tons of gold in the first quarter of this year — the strongest start to any year on record, according to the council. AdvertisementThis suggests that gold purchases by some central banks may have been driven by concerns about sanctions risk, Gopinath said. Central banks will keep buying, despite high pricesWhile China's central bank gold buying has been hogging the headlines, other central banks are also loading up on gold. The World Gold Council wrote in its recent report that other big gold buyers included Turkey and India.

Persons: —, Gita Gopinath, it's, Gopinath, IMF's Gopinath Organizations: Service, Monetary Fund, Business, World Gold, US Treasury, Agency, JPMorgan Locations: Ukraine, Central, Russia, China, Turkey, India

☆ Biden signs bill banning imports of Russian uranium for nuclear fuel
▼ + stars: | 2024-05-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Ready-to-ship canisters filled with enriched uranium at the Urenco USA uranium enrichment facility near Eunice, New Mexico, US, on Tuesday, July 11, 2023. Russia's invasion of Ukraine is forcing the US and Europe to search for alternative sources of enriched uranium to power their reactors. The United States will ban imported Russian uranium starting on Aug. 11, the U.S. Department of Energy announced Tuesday. "Our nation's clean energy future will not rely on Russian imports," U.S. Energy Secretary Jennifer Granholm said in a statement. "Banning imports of Russian uranium will jumpstart America's nuclear fuel industry, further defund Russia's war machine, and help revive American uranium production for decades to come," Barrasso said in a statement on Monday after the bill's enactment.

Persons: Joe Biden, Jennifer Granholm, Sen, John Barrasso, Barrasso, Anatoly Antonov, Biden, – Organizations: U.S . Department of Energy, Department of Energy, U.S, Exchange, Uranium, Uranium Miners, U.S . Energy, U.S ., Energy, Natural Resources Locations: Eunice , New Mexico, Russia's, Ukraine, Europe, United States, Russia, U.S

☆ Bumble's billboard ads made fun of celibacy as an alternative to dating. It didn't go down well.
▼ + stars: | 2024-05-14 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

Read previewDating app Bumble is in hot water over an ad campaign that appeared to make fun of celibacy as an alternative to dating. The campaign featured billboards that bore the message: "You know full well a vow of celibacy is not the answer." Some said the ads were misogynistic and were chastising women for not casually sleeping with men. "Our ads referencing celibacy were an attempt to lean into a community frustrated by modern dating, and instead of bringing joy and humor, we unintentionally did the opposite," it said. AdvertisementBumble's apology post recognized that celibacy was a lifestyle many women choose for various reasons, including asexuality, trauma, or harm.

Persons: —, TikTok, Bumble, Lauren Salaun, Cecilia Regina, Regina, Julia Fox, Whitney Wolfe, concierges Organizations: Service, Business, National, Bloomberg Technology Summit, AP Locations: South Korea

☆ US officials doubt Israel can actually eradicate Hamas and achieve a 'total victory'
▼ + stars: | 2024-05-14 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

Read previewUS government officials are skeptical Israel can actually achieve its goals and completely eliminate Hamas in Gaza. He argued that "we have to achieve victory and that means that we have to destroy all these battalions, which we will." The current US view of what victory looks like in this war appears different than that of Israel. "With the question of a strategic endgame, I don't think that's really a question about American influence," he said. "That's a question about Israel's strategy and what Israel chooses to do."

Persons: —, Kurt Campbell, Phil McGraw, Phil, Benjamin Netanyahu, Netanyahu, hasn't, Joe Biden, Biden, Khan Younis, State Anthony Blinken, CBS's Margaret Brennan, Blinken, Jake Sullivan, Israel Organizations: Service, CNN, NATO Youth, Business, Israeli, Republican, State, National Locations: Israel, Gaza, Rafah, I'm

☆ Putin to meet Xi in China as world convulses from global conflicts
▼ + stars: | 2024-05-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.

Persons: Xi Jinping, Vladimir Putin, Putin, –, It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, ”, Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, “, Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore

☆ Bank of America sees 60% upside for this software stock that's using AI to innovate
▼ + stars: | 2024-05-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking for alternative ways to play artificial intelligence may want to keep an eye on an innovative software company, according to Bank of America. " GitLab offers a rich platform built on top of its leading Source Code Management solution that is vitally important to developers," wrote analyst Koji Ikeda, in a Tuesday note. "Furthermore, GitLab is focused on capitalizing on AI, which is accelerating the number of digital experiences (and source code) being created." Over the medium term, Ikeda said he sees continued source code management improvements, new security features and the expansion of AI-powered offerings as critical to GitLab's growth. GTLB 6M mountain GitLab shares over the past six months.

Persons: Koji Ikeda, Ikeda Organizations: Bank of America

☆ Meme stocks are a powerful trend that's here to stay, says Thinknum Alternative's Boris Spiwak
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeme stocks are a powerful trend that's here to stay, says Thinknum Alternative's Boris SpiwakBoris Spiwak, chief operating officer at Thinknum Alternative Data, joins CNBC's 'The Exchange' to discuss the recent surge in "meme stocks," what Thinknum's data analysis shows about the stock values, and more.

Persons: Thinknum Alternative's Boris Spiwak Boris Spiwak

We've compiled everything you need to know where to watch Indiana Fever vs. Connecticut Sun, including both cable and live streaming options. 1 overall draft pick in April and was scooped up by the Indiana Fever, where she joins 2023 WNBA Rookie of the Year Aliyah Boston. The Indiana Fever has played two preseason games so far, which saw them win one and lose one. The Indiana Fever and Connecticut Sun will play almost 40 games each this season, including a couple more against each other. Where to watch Indiana Fever vs. Connecticut Sun in the USThe Indiana Fever vs. Connecticut Sun game will be available on cable and streaming in the US.

Persons: Caitlin Clark, Clark, There's Organizations: Business, WNBA, Indiana, Connecticut Sun, Iowa, NCAA Division, Indiana Fever, Boston, New York Liberty, ESPN2, ESPN, Disney, Pixar, Marvel, Star Wars, Geographic, Century Fox, Hulu, Disney Plus, ESPN3, TNT, TBS, CNN, Phoenix Mercury, Las Vegas Aces Locations: Uncasville , Connecticut

☆ German Court Fines Far-Right Leader for Using Nazi Phrase
▼ + stars: | 2024-05-14 | by ( Christopher F. Schuetze | More About Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

A German court on Tuesday found a prominent far-right politician from the Alternative for Germany party guilty of using a banned Nazi slogan during a campaign speech in 2021. A panel of four judges sentenced the politician, Björn Höcke, head of the Alternative for Germany party in the eastern state of Thuringia, to a fine of 13,000 euros, roughly $14,000. The trial, in the city of Halle, has been closely watched in Germany as the far-right nationalist party, known as the AfD, stands to make major gains in state elections in September. During the trial, which began last month, Mr. Höcke admitted to using the phrase “Everything for Germany” but claimed that he had not known about its Nazi origin. The slogan was used by the paramilitary wing of the Nazi party, which engraved it on their knives.

Persons: Björn Höcke, Höcke, Germany ” Organizations: Germany, Nazi Locations: Germany, Nazi, Thuringia, Halle

☆ The US Air Force is teaching AI to navigate aircraft in case GPS gets taken out in a future fight
▼ + stars: | 2024-05-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

In a future war, electronic warfare and anti-satellite weapons could leave the US military without GPS, a critical tool for navigation and targeting. That challenge has prompted the US Air Force to experiment with using artificial intelligence as an alternative navigation method. Related storiesA potential solution being developed by the US Air Force instead relies on AI for navigating in GPS-denied environments. The potential for AI to be used as an alternative to GPS navigation speaks to the growing concern around GPS denial in a future fight. AdvertisementAI creates new opportunities, and the Air Force's navigation alternative isn't the only project looking into how to integrate AI into military systems.

Persons: Col, Garry Floyd, Floyd Organizations: Service, GPS, US Air Force, Business, Department of Air Force, MIT, Intelligence, Associated Press, Air Force, AP, Pentagon, Air Locations: China, Russia, Ukraine, Geneva

☆ 3 reasons the dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley
▼ + stars: | 2024-05-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

De-dollarization efforts won't do much to dethrone the dollar, Morgan Stanley said. There are no true alternatives to holding the US dollar at the moment, Morgan Stanley strategists said. AdvertisementThe dollar's status as the top currency of central banks and for international trade probably isn't fading soon, according to Morgan Stanley. "Now, reasonable people can disagree about whether cryptocurrencies are going to appreciate or depreciate, but I'd argue that the best outcome for a dominant currency is neither." Displacing a dominant currency is something that happens over the course of decades, economists previously told Business Insider, as it takes time for people to shift to other currencies once a dominant currency is recognized as "safe."

Persons: Morgan Stanley, —, James Lord, Michael Zezas, That's, Lord, there's, Zezas, Crypto, David Adams, Morgan Stanley's Organizations: Service, Rivals, greenback, Business Locations: Beijing, China

☆ What the results of Wegovy’s longest clinical trial yet show about weight loss, side effects and heart protection
▼ + stars: | 2024-05-13 | by ( Meg Tirrell | ) edition.cnn.com time to read: +10 min

CNN —New analyses of the longest clinical trial yet of the weight-loss drug Wegovy are shedding light on how quickly it helps people lose weight, how long they sustain that weight loss and how safe the medicine is over four years of use. A previous clinical trial showed even greater average weight loss for Wegovy: about 15% on average over 68 weeks, compared with 2.4% for people who got a placebo. It was sustained for up to four yearsThe results showed that the 10% average weight loss for people using Wegovy was sustained for up to 208 weeks, or four years. Patients stayed on the medicine while they sustained the weight loss. Almost 23% of people on Wegovy lost at least 15% of their body weight, compared with 1.7% on a placebo.

Persons: Wegovy, –, ”, Harlan Krumholz, Dr, Donna Ryan, Eli Lilly, wasn’t, they’d, Daniel Drucker, it’s, John Deanfield, Krumholz, Drucker, GLP, Sanjay Gupta Organizations: CNN, Yale University, Yale New Haven Hospital, drugmaker, Nordisk, Novo Nordisk, European, Obesity, Nature, Pennington Biomedical Research, University of Toronto, University College London, CNN Health Locations: Baton Rouge , Louisiana, Novo

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