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☆ How corporate PAC money could end up in the personal coffers of Sens. JD Vance and Markwayne Mullin
▼ + stars: | 2024-03-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

At the same time, they've been taking tens of thousands of dollars in corporate PAC money — some of which may be ending up directly in the senators' bank accounts. This story is available exclusively to Business Insider subscribers. Between the 2022 election and the end of 2023, Vance has used $78,000 in corporate PAC contributions to repay campaign debts, while Mullin has done the same with $45,000 in corporate cash. Mullin did the same with 19 corporate PACs, including ConocoPhillips, ExxonMobile, and GlaxoSmithKline. He also promised not to take corporate PAC money during the GOP primary, only to reserve that pledge during the general election against Democratic Rep. Tim Ryan, who did accept corporate PAC money.

Persons: —, JD Vance, Markwayne Mullin, they've, Vance, Mullin, Sen, Ted Cruz, Elena Kagan, Cruz, Jordan Libowitz, Republican Sen, Ron Johnson of, Ron Johnson, Shawn Thew, who's, Tim Ryan, didn't, Vance's, Saurav Ghosh, Ghosh Organizations: Service, Sens, Indiana, Business, Texas Republican, Finance, FEC, Citizen, Washington, Capitol, Republican, Getty, Pro, Comcast, Intel, General Motors, Walmart —, ConocoPhillips, GlaxoSmithKline, GOP, Democratic Rep Locations: Ohio, Texas, Ron Johnson of Wisconsin, AFP, Oklahoma, The Ohio, ExxonMobile

☆ Kyrsten Sinema is still sitting on over $11 million in campaign cash — and she could easily use it to fuel her post-Senate life
▼ + stars: | 2024-03-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

At the end of January, the Arizona senator reported holding nearly $10.6 million cash on hand in her campaign account and another $466,000 in her leadership PAC. AdvertisementNow, it's far from clear what will happen to those "resources" — Sinema's campaign did not respond to Business Insider's request for comment last week on the matter. There are a few different ways this could play out if Sinema decides to keep a "zombie PAC" running. Elizabeth Warren and Michael Bennet once introduced a bill to crack down on "zombie PACs." Advertisement"A lot of people use that to stay in the game because a leadership PAC is kind of a slush fund.

Persons: —, What's Sen, Kyrsten Sinema, Ruben Gallego, Kari Lake, Sinema, Arizonans, Saurav Ghosh, Ghosh, That's, Republican Sen, Rob Portman, Portman, Matt Dolan, Anna Moneymaker, he's, Kelly Ayotte, who's, Aaron Scherb, it's, She'd, she'd, Democratic Sens, Michael Bennet of Colorado, Elizabeth Warren of, Elizabeth Warren, Michael Bennet, Bill Clark, Bennet, she's, airfare, Jordan Libowitz Organizations: Service, Senate, Democrat, Democratic Rep, Business, Bloomberg, Republican, American Enterprise Institute, US, Republicans, Democratic, Daily Beast, Citizen, Washington, Commission, PAC Locations: Arizona, Ohio, New Hampshire, Elizabeth Warren of Massachusetts, Washington, Europe

☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ Inside the rocky marriage of hedge funds and top AI talent
▼ + stars: | 2024-02-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +11 min

AI researchers have struggled with hedge funds' culture around proprietary secrets, which goes against the open-source philosophy foundational to AI and academia. Some recruiters, including Michael Stover, are seeing double- and triple-digit growth in AI hiring among hedge funds and prop-trading firms. For heads of AI, he said, hedge funds are dishing out a minimum of $1.5 million in total comp. But perhaps the top reason hedge funds are interested in the technology is that AI capabilities are bait in the war for investing talent. It's one of the few large US hedge funds without an executive or centralized team dedicated to AI or machine learning.

Persons: Ken Griffin's Citadel, Li Deng, Deng, Ken, Ken Griffin, Michael Stover, Stover, ExodusPoint, Balyasny, Agni Ghosh, Stott, isn't, Sumeet Chabria, Conor Twomey, Tim Mace, Mace, May's Ghosh, it's, They're, Peter Finter, Finter, That's, Ghosh, you've Organizations: Microsoft, Business, Citadel, Milken Institute, Reuters, Millennium Management, Bloomberg, Balyasny Asset Management, Man, Bank of America, Wall, Wall Street, Tech, Google Locations: Chicago, Seattle, Beverly Hills , California, London, San Francisco, Silicon Valley, Wall

☆ Trump and his favorite fundraising platform both face donor problems
▼ + stars: | 2024-02-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

and "Donation not approved," but the people who send them all want the same thing: to halt the Republican political contribution platform WinRed from making any more automatic, recurring withdrawals from their accounts. According to campaign finance reports, WinRed processed $14,300 in political contributions from Elliot and her husband, Orin Elliot, between 2020 and the end of 2023. "Older folks are generally more vulnerable and they're often more easily taken in" by aggressive political fundraising appeals, according to Saurav Ghosh, director of federal campaign finance reform at the nonprofit watchdog Campaign Legal Center. "You see with former President Trump, that he's fundraising off his indictments. That refund rate was more than four times that of President Joe Biden's campaign and surrounding political apparatus at that time, according to the Times.

Persons: Matthew Hurtt, Hurtt, he's, Samie Elliot, Elliot, Orin Elliot, WinRed, Donald Trump's, Trump, Saurav Ghosh, Joe Biden's Organizations: Arlington, Arlington County Republican, Republican, Arlington VA, Hurtt, CNBC, Arlington County Republican Party, Federal, Commission, Republican Party, WinRed, The New York Times, Times Locations: Virginia, Arlington County, Arlington, Oklahoma, Hurtt's inbox, WinRed

☆ US Plans to Send Weapons to Israel Even as Biden Pushes for Ceasefire, WSJ Reports
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - The Biden administration is preparing to send bombs and other weapons to Israel that would add to its military arsenal even as the U.S. pushes for a ceasefire in Gaza, the Wall Street Journal reported on Friday, citing current and former U.S. officials. War in Israel and Gaza View All 209 ImagesThe U.S. State Department and Defense Department, Israel Defense Forces and Israel Defense Ministry did not immediately respond to a Reuters request for comment on the report. As of December 2023, the Biden administration had skipped congressional review of weapons sale to Israel twice. The Biden administration has faced criticism for continuing to supply arms to Israel as allegations pile up that American-made weapons have been used in strikes that have killed or injured civilians. Israel's air and ground offensive has since devastated much of Gaza, killing 28,775 people, also mostly civilians according to Palestinian health authorities, and forcing nearly all of its more than 2 million inhabitants from their homes.

Persons: Biden, Gursimran Kaur, Kanjyik Ghosh, Edwina Gibbs Organizations: Reuters, Wall Street, Attack Munitions, U.S, . State Department and Defense Department, Israel Defense Forces, Israel Defense Ministry Locations: Israel, U.S, Gaza, Iran, Bengaluru

☆ Nine Injured in London Incident Involving 'Corrosive Substance', Police Say
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) -Nine people, including two children, were injured on Wednesday in an incident involving a "corrosive substance" in Clapham, in south London, the Metropolitan Police said. Three police officers were also taken to hospital with minor injuries, the statement said. "Firefighters were called to a chemical incident on Lessar Avenue in Clapham this evening," the London Fire Brigade said in an emailed statement to Reuters. Crews used specialist equipment to detect a corrosive substance that is believed to have been used in the incident, it added, without giving any further details. (Reporting by Gnaneshwar Rajan and Kanjyik Ghosh in Bengaluru; Editing by Daniel Wallis and Sandra Maler)

Persons: Crews, Gnaneshwar Rajan, Kanjyik Ghosh, Daniel Wallis, Sandra Maler Organizations: Reuters, Metropolitan Police, Firefighters, London Fire Brigade Locations: Clapham, London, Bengaluru

☆ Eli Lilly vs. Novo Nordisk: The pros deliver their verdict on the viral weight-loss stocks
▼ + stars: | 2023-12-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

It has been quite a year for both Eli Lilly and Novo Nordisk given the boom in weight-loss drugs. Shares in Eli Lilly are up around 60% year-to-date, while its Danish counterpart Novo Nordisk has seen a gain of around 50%. At present, both Eli Lilly and Novo Nordisk offer weight loss treatments. Novo Nordisk Novo Nordisk's Wegovy recently made headlines for reducing the risk of heart attacks and strokes by 20% in adults with heart disease and obesity. Aside from Eli Lilly and Novo Nordisk, Pfizer , Johnson & Johnson and AstraZeneca are also developing weight-loss drugs.

Persons: Eli Lilly, Stocks, Rahul Ghosh, Rowe Price, TRP's Ghosh, Eli Lilly's, Ghosh, FactSet, Lilly, Novo Nordisk Novo Nordisk's Wegovy, Elizabeth Field, Squawk, What's, it's, Michael Bloom Organizations: Novo Nordisk, Nordisk, CNBC Pro, U.S . Food, Administration, pharma, Novo Nordisk Novo Nordisk's, Heart Association Scientific, Citi, Pfizer, Johnson, AstraZeneca, Barclays Locations: Danish, U.S, Novo

☆ Five stocks to buy before the year end, according to the pros
▼ + stars: | 2023-12-05 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

FactSet data shows that 70% of the 43 analysts covering Snowflake have buy or overweight ratings on the stock. Year-to-date shares in the biotechnology and life sciences equipment manufacturer are down nearly 4%, but Ghosh remains positive. Schneider Electric Elsewhere, French energy management company Schneider Electric is on the radar of Steven Glass, managing director and investment analyst at Pella Funds. "We're very bullish, although it's not as cheap as it used to be on Schneider Electric. Year-to-date, shares in Schneider Electric are up around 28%.

Persons: Karen Kharmandarian, Colette Kress, Warren Buffett, Rahul Ghosh, Rowe Price, Ghosh, Steven Glass, it's, Glass, Schneider Organizations: Big Tech, CNBC Pro, Nvidia, Thematics Asset Management, U.S, Robotics Fund, Berkshire Hathaway, BE Semiconductor Industries, BE Semiconductor, BE, Danaher Corp, Schneider, Pella Funds Locations: China, Snowflake, Danaher, Pella

☆ George Santos Reveals One Truth: It’s Easy to Abuse Campaign Finance Laws
▼ + stars: | 2023-12-02 | by ( Rebecca Davis O Brien | More About Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Perhaps no federal officeholder in modern American history has been accused of ignoring, testing or breaking as many aspects of campaign finance law so flagrantly, in such a short span of time, as George Santos has. But his case, while sensational, illustrates the profound weaknesses of the system, and its potential for abuse. For years, campaign finance laws have eroded, while the watchdogs responsible for their oversight have been weakened by limited powers, underfunding and political stalemate. “He is an extreme example of something that is happening all the time in campaign finance,” said Saurav Ghosh, a former Federal Election Commission enforcement lawyer who is now the director of federal campaign finance reform at the Campaign Legal Center, a watchdog group. Mr. Santos, he suggested, was able to take advantage of “the overall under-regulation of money that is raised and spent on election influence.”

Persons: George Santos, Santos, ”, Saurav Ghosh Organizations: Commission

☆ The world is splitting between those who use ChatGPT to get better, smarter, richer — and everyone else
▼ + stars: | 2023-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

There is growing evidence that artificial intelligence tools such as ChatGPT can make you more efficient and capable at work. And the effect will be particularly noticeable if no one else in the company is using AI in this way. All said that outsourcing time-consuming, small jobs to AI tools freed up their time. AI at work still needs careful handlingThere are obvious caveats to using AI to do your work for you. Some companies also have specific rules for AI tools due to fears around copyright or data security.

Persons: ChatGPT, —, OpenAI's, techies, Google's, Matt Calkins, Appian, It's, Shakespeare, Shona Ghosh Organizations: Service, Harvard Business School, Boston Consulting, Developers, Microsoft, Workers

☆ Indian economy to exceed growth estimates after strong Q2 beat : economists
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

The country's economy expanded 7.6% in the July-September quarter, trouncing estimates of a 6.8% rise, data released on Thursday showed. He had an earlier forecast growth at 6.7%. The government stuck to its 6.5% growth forecast for the year, but chief economic advisor V. Anantha Nageswaran said he was "more comfortable with an upside to this projection than before". Reuters GraphicsCitigroup revised its growth forecast for the financial year upwards by 50 basis points to 6.7% citing a pick-up in investment activity. "This reaffirms our view of sustained investment recovery," the Wall Street bank's chief India economist Samiran Chakraborty said in a note.

Persons: Ranita Roy, Saumya Kanti Ghosh, V, Anantha Nageswaran, Gross, Samiran Chakraborty, Chakraborty, Radhika Rao, Gaura Sen Gupta, Ira Dugal, Nivedita Organizations: REUTERS, Rights, State Bank of India, Reuters Graphics Citigroup, Street bank's, DBS, IDFC, Bank Economics Research, Thomson Locations: Kolkata, India

[1/3] Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., November 20, 2023. Cybertruck, Tesla's first new model in nearly four years, is critical to its reputation as a maker of innovative vehicles. "We dug our own grave with Cybertruck," Musk said last month, warning that it would take a year to 18 months to make the vehicle a significant cash flow contributor. The billionaire has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. Tesla has faced "enormous challenges in reaching volume production" with the Cybertruck because of its new technology and design, Musk said.

Persons: Mike Blake, Elon Musk, Tesla's, Musk, Tesla, Eric Noble, Rivian, R1T, Rivian's R1T, Ford's, Seth Goldstein, Paul Waatti, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Bill Berkrot Organizations: REUTERS, New York Times, Dodge, Ford, General Motors, Hummer, Morningstar, Thomson Locations: San Diego , California, U.S, Bengaluru, Hyunjoo, San Francisco

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 29 (Reuters) - Microsoft will take a non-voting, observer position on OpenAI's board, CEO Sam Altman said in his first official missive after taking back the reins of the company on Wednesday. The observer position means Microsoft's representative can attend OpenAI's board meetings and access confidential information, but it does not have voting rights on matters including electing or choosing directors. The new OpenAI board is on an active search for six new members with expertise in fields from technology to safety and policy. OpenAI's chief scientist Ilya Sutskever will no longer be part of the board, Altman said. Apart from Altman, Brockman, Sutskever, D'Angelo, OpenAI's previous board consisted of entrepreneur Tasha McCauley, Helen Toner, director of strategy at Georgetown's Center for Security and Emerging Technology.

Persons: Dado Ruvic, Sam Altman, Satya Nadella, Altman, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Mira Murati, Greg Brockman, Greg, Ilya Sutskever, Sutskever, Ilya, Brockman, D'Angelo, OpenAI's, Tasha McCauley, Helen Toner, Akanksha, Krystal Hu, Sayantani Ghosh, Stephen Coates Organizations: REUTERS, Microsoft, U.S . Treasury, Reuters, Georgetown's Center for Security, Emerging Technology, Thomson Locations: OpenAI, Bengaluru, New York, San Francisco

NASA and Indian Space Research Organization logos are seen in this illustration taken May 1, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Nov 28 (Reuters) - NASA will train an Indian astronaut for a voyage to the International Space Station as early as next year, NASA Administrator Bill Nelson said on Wednesday, amid deepening space ties between India and the United States. "There is an opportunity to share science," Nelson said, speaking at an event in Bengaluru, where he is due to inspect the NISAR satellite on Thursday. NASA-ISRO SAR (NISAR) is a low-Earth orbit observatory system jointly developed by NASA and ISRO (Indian Space Research Organisation). "This is the golden age of space exploration," Nelson said at Wednesday's event.

Persons: Dado Ruvic, Bill Nelson, Nelson, NASA's, Russia's Luna, Nivedita, Kanjyik Ghosh, Alexandra Hudson Organizations: NASA, Indian Space Research, REUTERS, Rights, International Space Station, ISRO, Space Research, NASA's Artemis, Alexandra Hudson Our, Thomson Locations: India, United States, Bengaluru, NISAR, Russia, Ukraine, China, Mumbai

☆ U.S. to launch joint remote sensing satellite with India early next year
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

NASA and Indian Space Research Organization logos are seen in this illustration taken May 1, 2023. REUTERS/Dado Ruvic/Illustration/ File photo Acquire Licensing RightsNov 28 (Reuters) - The Indian Space Research Organization (ISRO) and the NASA plan to launch a joint remote sensing satellite for Earth observation in the first quarter of next year, deputy minister for science and technology Jitendra Singh said in a statement on Tuesday. Singh met a NASA delegation led by its administrator Bill Nelson in New Delhi, the statement said. Reporting by Kanjyik Ghosh; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Jitendra Singh, Singh, Bill Nelson, Kanjyik Ghosh, Andrew Heavens Organizations: NASA, Indian Space Research, REUTERS, Indian Space Research Organization, ISRO, Thomson Locations: New Delhi

With some German property developers filing for insolvency, construction activity has dropped over a third from a year ago. That bleak outlook was despite the government recently announcing a 45 billion euro ($47 billion) support package for the property sector and measures to encourage house building, including tax incentives. With overall economic activity expected to remain weak over the coming quarters, it could take a while for the property sector to recover. The euro zone's commercial property sector could also struggle for years, posing a threat to the banks and investors who financed it, the ECB said recently. The median view of 12 property experts forecast average home rental prices to rise 4.0% or more until 2026.

Persons: Lisi Niesner, Sebastian Schnejdar, Carsten Brzeski, Indradip Ghosh, Purujit Arun, Rahul Trivedi, Sarupya Ganguly, Ross Finley, David Evans Organizations: REUTERS, European Central Bank, ECB, ING, Thomson Locations: Berlin, Germany, BENGALURU

☆ Want a family activity this holiday? A CEO who designs board games as a hobby has 2 suggestions.
▼ + stars: | 2023-11-24 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +5 min

Calkins also owns "maybe 800" board games, and designs his own. AdvertisementAnyone who suffered through Monopoly growing up may associate family board game sessions with intergenerational tension, boredom, and despair. In his off-hours, the chief executive sometimes delves into his collection of around 800 board games and regularly challenges his own employees to a match. Matt Calkins' board games: Charioteer, Sekigahara, and Tin Goose. Matt CalkinsApart from his own, these are the two family-friendly games Calkins recommends, plus some bonus recommendations.

Persons: Matt Calkins, Appian, Calkins, —, it's Organizations: Service, Monopoly, Appian, Hasbro, Elon Locations: Japan, Sekigahara

REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.

Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto

☆ India drawing up laws to regulate deepfakes - minister
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

India's Minister for Information Technology Ashwini Vaishnaw addresses the audience during the 'SemiconIndia 2023', India’s annual semiconductor conference, in Gandhinagar, India, July 28, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing RightsNov 23 (Reuters) - India is drawing up rules for governing deepfakes, a top minister said on Thursday, a day after Prime Minister Narendra Modi raised concerns over the technology. "We plan to complete drafting the regulations within the next few weeks," information technology minister Ashwini Vaishnaw told reporters after a meeting with academics, industry groups and social media companies. Deepfakes are realistic yet fabricated videos created by artificial intelligence (AI) algorithms trained on online footage. The move comes as countries across the world race to draw up rules to regulate AI.

Persons: Amit Dave, Narendra Modi, Ashwini Vaishnaw, Modi, Vaishnaw, Joe Biden, Kanjyik Ghosh, Jan Harvey Organizations: Information Technology, REUTERS, deepfakes, U.S, The United Nations, Thomson Locations: Gandhinagar, India

The San Francisco skyline is seen behind a self-driving GM Bolt EV 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. Cruise had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. GM lost more than $700 million at Cruise in the third quarter and more than $8 billion since 2016. Cruise has operations in Phoenix and Austin, where regulators have been more accommodating. As part of its previous expansion plans, Cruise had last year asked the National Highway Traffic Safety Administration (NHTSA) for permission to deploy up to 2,500 self-driving vehicles annually without human controls.

Persons: Elijah Nouvelage, Kyle Vogt, Daniel Kan, Cruise, Paul Jacobson, Mary Barra, Morgan Stanley, Adam Jonas, Waymo, Samrhitha, David Shepardson, Joe White, Sayantani Ghosh, Arun Koyyur Organizations: San, GM Bolt, REUTERS, General Motors, Cruise, GM, Reuters, United Auto Workers, FRANCISCO GM, Traffic Safety Administration, NHTSA, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington, Phoenix, Austin, Bengaluru, Detroit

☆ Eutelsat OneWeb gets Indian go-ahead for satellite broadband services
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 21 (Reuters) - Eutelsat (ETL.PA) subsidiary Eutelsat OneWeb said on Tuesday it had won approval from India's space regulator to launch commercial satellite broadband services in the country. Prime Minister Modi's government, which is heading for elections next year, is pushing the development of India's space industry. Investors poured $119 million into Indian space startups in 2022, up from a total of just $38 million in all the years up to 2017. In March, OneWeb partnered with Indian Space Research Organization (ISRO) to launch 36 satellites. Amazon's Project Kuiper (AMZN.O) has also been in talks with regulators to offer satellite broadband services in India, the Economic Times newspaper reported last month.

Persons: Eutelsat OneWeb, Modi's, Sunil Bharti Mittal, Eutelsat, Mittal's, Mittal, OneWeb, Elon Musk's Starlink, Nivedita, Kanjyik Ghosh, Alexander Smith Organizations: Mittal's Bharti Enterprises, Airtel, Indian Space Research Organization, ISRO, Reuters, Ambani's, Economic Times, Thomson Locations: BENGALURU, India, Bengaluru

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. But the red-hot market for AI chips is playing out in the context of vastly expanded U.S. export controls on what Nvidia can sell to China. Jacob Bourne, analyst at Insider Intelligence, said that those China-focused chips could consume vital research resources at Nvidia for products that could end up banned just like its first round of China market chips. Rival Advanced Micro Devices (AMD.O) had earlier touted the quantity of high-bandwidth memory on one of its competing AI chips. Chinese tech company Huawei's (HWT.UL) AI chip is also gaining traction from local firms as U.S. pressure makes it hard to access Nvidia chips.

Persons: Dado Ruvic, Nvidia, Jesse Cohen, Colette Kress, Jacob Bourne, Bourne, Chavi Mehta, Max A, Stephen Nellis, Arun Koyyur, Sayantani Ghosh, Matthew Lewis Organizations: NVIDIA, REUTERS, Wall, Nvidia, LSEG, Insider Intelligence, Devices, Google, Microsoft, San, Thomson Locations: China, Israel, Gaza, United States, Bengaluru, Max, San Francisco

☆ Indian capital resumes some activities despite hazardous air, river foam
▼ + stars: | 2023-11-20 | by ( Kanjyik Ghosh | ) www.reuters.com time to read: +3 min

REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Nov 20 (Reuters) - India's capital Delhi re-opened schools and some building sites on Monday amid signs of receding air pollution, although it remained classified as hazardous, while a toxic foam besmirched stretches of the Yamuna river flowing through the city. The world's most polluted capital resumed its annual battle on pollution this month, despite government pledges to improve. Monday's air quality index (AQI) of 336 was down from Thursday's level of 509, but still "hazardous", Swiss group IQAir said. Delhi's air pollution gets worse in winter, when wind speeds drop and cooling air traps pollutants spewed by vehicles, industry and farmers burning agricultural waste in surrounding states to prepare for new planting. PM2.5 levels remained above 128 micrograms per cubic meter of air since Sunday in the National Capital Region, according to the federal pollution control board.

Persons: Anushree, IQAir, Ankit Srivastava, Gopal Rai, Kanjyik Ghosh, Shivam Patel, Clarence Fernandez, Raju Gopalakrishnan Organizations: REUTERS, Delhi's, Vehicles, National Capital, World Health Organization, Thomson Locations: New Delhi, India, DELHI, Delhi, Mumbai

☆ Maybe, finally, Musk won't get away with it after calling an antisemitic post 'the actual truth'
▼ + stars: | 2023-11-17 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +7 min

"You have said the actual truth," Musk told a user who criticized "western Jewish populations." On Wednesday, Musk responded to an antisemitic post by a verified X user, @breakingbaht, with the words "You have said the actual truth." Why dont you say it to our faces… pic.twitter.com/WGkwTrXyTF — Charles Weber (@CWBOCA) November 15, 2023Another X user, @breakingbaht, replied to this post: "Okay. The ADL unjustly attacks the majority of the West, despite the majority of the West supporting the Jewish people and Israel. Commenting directly on the Musk exchange, ADL CEO Jonathan Greenblatt wrote on X that it was "indisputably dangerous" for influential people "to validate and promote antisemitic theories."

Persons: Elon Musk, Musk, Rich, he's, —, Charles Weber, Hitler, WGkwTrXyTF — Charles Weber, I'm, Elon, — Elon, Ben Gidley, Gidley, It's, " Gidley, Jonathan Greenblatt, Dustin Moskovitz, Muskovitz, Ross Gerber, Kristin Hull, Hull Organizations: Service, NFL, Foundation, Combat, Defamation League, ADL, Birkbeck , University of London, Facebook, Bloomberg, IBM Locations: Israel, Gaza

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