DIRS.INFO The most relevant business & tech news

☆ Target is dialing back on Pride merchandise after right-wing backlash
▼ + stars: | 2024-05-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Target is limiting the number of stores that will sell LGBTQ-themed merchandise for Pride Month in June following a boycott from right-wing activists last year that took a toll on the brand’s bottom line. About half of its 2,000 stores will sell the Pride collection, according to Bloomberg, which first reported the news. The changes are a “sensible approach,” Neil Saunders, managing director of retail for GlobalData, told CNN. Pride problemsLast year, Target pulled Pride merchandise from some stores after the company and its employees became the focus of a “volatile” anti-LGBTQ campaign, which included threats against its store workers. A Target executive said on the earnings call that there was a “strong reaction” to Pride merchandise and the reaction was a “signal for us to pause, adapt and learn.”–CNN’s Nathaniel Meyersohn contributed to this report.

Persons: Target, it’s “, ” Neil Saunders, “, ”, ” –, Nathaniel Meyersohn Organizations: New, New York CNN, Pride Month, Bloomberg, CNN, Pride, Target, GlobalData, Wall Street Journal, Republican Locations: New York, Minneapolis

☆ Berlin senator attacked in library amid spate of violence against German politicians
▼ + stars: | 2024-05-08 | by ( Stephanie Halasz | ) edition.cnn.com time to read: +3 min

CNN —A Berlin senator was attacked while visiting a library on Tuesday, amid what appears to be an increasing trend of violence against politicians in Germany. Franziska Giffey, Berlin senator for economy, was hit over the head with a bag containing hard material as she visited the library in her district in the German capital Tuesday afternoon, the Berlin prosecutor’s office said in a statement. Giffey, a former Berlin mayor, described the moment of the attack on Instagram, saying “I suddenly felt a hard blow to my head and neck from behind. The Green party in Saxony wrote on X that its members would continue campaigning, and would not be intimidated. It also said it would support a draft law to increase legislation around protection against attacks on politicians.

Persons: Franziska Giffey, “, Chancellor Olaf Scholz’s, Giffey, ” Scholz, Ursula von der Leyen, ” Organizations: CNN, Chancellor Olaf Scholz’s Social Democratic Party, SPD, Green Locations: Berlin, Germany, Dresden, Saxony

☆ David Zervos: Blame traders living in rate cut la-la land — not the Fed — for recent market turbulence
▼ + stars: | 2024-05-08 | by ( David Zervos | Jefferies Chief Market Strategist | ) www.cnbc.com time to read: +3 min

This year the rate markets have come back to a more sensible reality after flirting with the la-la land of 7 cuts. And all the while, the more sensible equity markets have paid only fleeting attention to their rate brother's whining. As a guy who was brought up in the fixed income and currency markets, I'm increasingly finding more sensibility in the equity markets as I head into later stages of my career. Having five-year inflation expectations (as measured by the 5-year breakeven inflation rate) never ramp higher while cumulative inflation surged around 20% since January 2021 is a testament to his stalwart success. There have been no fumbles at the Fed so far during a protracted fight to ensure anchored inflation expectations and long term price stability.

Persons: Consensonomics, Jerome Powell's, Jay, Janet Yellen's, Janet, Stanley Druckenmiller, I'm, David Zervos Organizations: Equity

☆ How US presidential election years affect the market
▼ + stars: | 2024-05-07 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

But if the past century is any guide, the long-term consequences of US presidential election years on investor portfolios, including 401(k)s, is minimal at best. Unsurprisingly, those four presidential election years occurred at times of seismic events: The Great Depression. The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to presidential election years in which the incumbent president is running for reelection, the average jumps to 12.2%. “If you’re not going to make a change in a nonelection year, you shouldn’t do so in a presidential election year,” Mukherjee said.

Persons: TIAA, ”, Niladri Mukherjee, Jeff Buchbinder, Joe Biden, Donald Trump, ” Mukherjee, Mukherjee, What’s, — Mukherjee, you’re, Daniel Crosby, Crosby Organizations: New, New York CNN, US Bank, “, Senate Locations: New York, United States

☆ 81% of young people say a 4-day workweek would boost productivity, new CNBC/Generation Lab survey reports
▼ + stars: | 2024-05-07 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Young adults are throwing their support behind calls for a four-day workweek. A new national survey from CNBC/Generation Lab of 1,033 people aged 18 to 34 found that an overwhelming 81% of respondents believe a four-day workweek would boost their company's productivity, while 19% said productivity would decline. Exos, a U.S. coaching company that trains top athletes and leads corporate wellness programs, recently reported results from the first six months of an ongoing four-day workweek experiment. Other four-day workweek trials have shown similar gains. Although respondents to the CNBC/Generation Lab survey largely agreed on workweek length, they were less unified when asked about work setting.

Persons: Sen, Bernie Sanders, Mark Takano, Barry Diller, Steven Cohen, Cohen Organizations: CNBC, Representatives, IAC, New York Mets Locations: USA, U.S

☆ Why Warren Buffett’s shareholders line up at 2 a.m. to see him in Omaha: He’s 'the guy who changed our life'
▼ + stars: | 2024-05-04 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Such is the scene every year at the shareholders meeting at Berkshire Hathaway , the $826 billion conglomerate helmed by the Oracle of Omaha himself, Warren Buffett . And I wanted to see Warren Buffett in person. Warren Buffett is the guy who changed our life. So we appreciate what Warren Buffett brought us. Or you can come here, see Warren Buffett in person, and just enjoy the conference.

Persons: Buffett, Warren Buffett, James F, Walter Chang, Graham, Dodd, Warren, Charlie, Matt McAllister, Omaha's, Jason Garner, James Hunt, Nathan Prottsman, It's, We're, Munger, Barbara Govan, Charlie Munger, Yuan Fang, Tom Keady, That's, Giuliano Guarino, Eleanor Abney, Hayden, Parker McIntosh Organizations: CNBC, Berkshire Hathaway, Oracle, CHI, Center, Berkshire Locations: Omaha, Berkshire, Fairhope , Alabama, Taipei, Taiwan, Oakville, Canada, South Africa, Omaha , Nebraska, Houston , Texas, Dublin, Ireland, New Market , Maryland, Milan, Italy, Louisville , Kentucky

☆ I'm pregnant at 47. It's not how I once pictured things, but it was the right path for me.
▼ + stars: | 2024-05-04 | by ( Heather Grossmann | ) www.businessinsider.com time to read: +5 min

That was eight years ago and followed an egg-freezing debacle that made it blindingly clear my path to parenthood would be circuitous, at best. @#$" — assumedly a stand-in for an expletive and, as it turned out, a very accurate foreshadowing of what was to come. Being pregnant at my age has proven a challenge, in more ways than oneNow, at 47, I am eight months pregnant and nearly downright blissful. AdvertisementLast summer, following two surgeries (one nearly killed me) for uterine fibroids, I was finally ready to go. The truth is, there was no other path to parenthood for me.

Persons: — Organizations: Service, Central, Business

☆ Brexit border checks: Britain braces for less choice and higher prices on food imports
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | Anna Cooban | ) edition.cnn.com time to read: +10 min

The new regime for food imports is perhaps the starkest example of the painful border bureaucracy that UK and EU businesses must contend with in the wake of Brexit. An additional cost of that scale will “significantly increase food prices and reduce choice,” the federation’s CEO Phil Pluck wrote in a letter to environment and food minister Steve Barclay earlier this month. But here too Brexit hasn’t helped, ending as it did the free movement of EU workers on whom British farmers had relied for decades. In addition to Brexit-related challenges, UK farmers have been squeezed by soaring input costs, including those of fertilizer, energy and labor. “I’m not hugely in favor of subsidies, I’m in favor of fair food prices,” Maddocks said.

Persons: Eddie Price, ”, Phil, Steve Barclay, Andrew Aitchison, Andrew Opie, “, Jack Bobo, “ It’s, Price, hasn’t, ” Tom Bradshaw, “ You’re, Chris Ratcliffe, Brexit, ” Philip Maddocks, I’m, ” Maddocks Organizations: London CNN, European Union, EU, Britain, Birmingham Wholesale, CNN, Chain Federation, British Retail Consortium, University of York, Food Systems, University of Nottingham, Birmingham Wholesale Market, Bank, National Farmers ’ Union, Bloomberg, Getty, PDM Locations: United Kingdom, Britain, France, Spain, artichokes, Italy, Birmingham, Dover, Port, Netherlands, Ireland, Germany, North Africa, England, Sandwich, Australia, New Zealand, English, Shropshire

☆ JPMorgan’s calls for a reality check on energy transition are sensible, UAE energy minister says
▼ + stars: | 2024-04-29 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

JPMorgan's calls for a "reality check" on the world's energy transition goals and pathway is a "sensible," the UAE's energy minister told CNBC. "We need always, whenever we put up predictions, especially long term ones, to have a reality check," Suhail Al Mazrouei told CNBC's Dan Murphy in Riyadh, Saudi Arabia on the sidelines of the World Economic Forum. In a recent note to client, JPMorgan warned that the world needed a "reality check" on its efforts to move from fossil fuels to renewables, pointing out that it could take "generations" to reach net-zero targets. "I think it's a very sensible article," said Al Mazrouei. The minister, however, highlighted that the circumstances and financial capabilities of each country on undertaking the energy transition goals will vary.

Persons: Al Mazrouei, CNBC's Dan Murphy Organizations: CNBC, Economic, JPMorgan Locations: Riyadh, Saudi Arabia, Ukraine

☆ Sacha Baron Cohen's team says redacted versions of Rebel Wilson's memoir are 'clear victory' following harassment allegations
▼ + stars: | 2024-04-28 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Sacha Baron Cohen's team is celebrating the release of redacted versions of Rebel Wilson's memoir. Its release had been delayed in the UK and Australia amid her accusations of harassment against Baron Cohen. A spokesperson for Baron Cohen said the redactions represented a "clear victory" for the actor. AdvertisementSacha Baron Cohen's team said the release of redacted versions of Rebel Wilson's memoir was a "clear victory" for the British actor. "This is a clear victory for Sacha Baron Cohen."

Persons: Sacha Baron Cohen's, Baron Cohen, —, Harper Collins, Wilson, Sacha Baron Cohen, Rebel Wilson, Jonathan Brady Organizations: Service, Business, HarperCollins Australia, Getty Images, HarperCollins Locations: Australia, British, New Zealand, Australian, England, Wales, Grimsby

☆ Biden's proposals to tax high earners not sensible from long term perspective: Douglas Holtz-Eakin
▼ + stars: | 2024-04-25 | 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 EmailBiden's proposals to tax high earners not sensible from long term perspective: Douglas Holtz-EakinHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Douglas Holtz, Brian Sullivan, “ Organizations: CNBC

☆ Opinion: Right now, I’d rather raise my child in Taiwan than America
▼ + stars: | 2024-04-22 | by ( Opinion Clarissa Wei | ) edition.cnn.com time to read: +10 min

My dad still remembers the anxiety that engulfed the island when the United States cut off diplomatic recognition of Taiwan in favor of the People’s Republic of China in 1979. My parents considered America a safe haven and wanted me to grow up with all its comforts. Of course, comparing the United States and Taiwan this way without acknowledging the nuanced socio-political contexts can be misleading. Clarissa WeiThe biggest shift, then, has been how the people of Taiwan perceive the United States. The United States, on the flip side, is the 131st.

Persons: Clarissa Wei Editor’s, Clarissa Wei, “, ”, Annabelle Chih, there’s, Tyrone Siu, Donald Trump, Joe Biden, “ Wei, Ting Yen, I’m, nodded, Billy H.C, Kwok, It’s, Republican —, Xi Jinping, “ Trump Organizations: Taipei CNN, CNN, America, Metro, Trump, Taiwan, Franklin & Marshall College, 131st, San Francisco Bay Area, China’s Communist Party, Republican Locations: Taiwanese American, Taipei, Taiwan, China, United States, People’s Republic of China, America, Los Angeles, Taiwanese, Kaohsiung, San Francisco Bay

☆ Opinion: Being lesbian is no longer just a personal identity. It encompasses much more
▼ + stars: | 2024-04-22 | by ( Opinion Allison Hope | ) edition.cnn.com time to read: +7 min

CNN —Lesbian Visibility Week, celebrated each year at the end of April, was first observed in California in 1990 and is marked around the world and in lesbian living rooms across America — including mine. Many laws have criminalized gay men but not women, leaving us in slightly safer territory. Gay men are also more likely to be victims of hate crimes and violence. Gay men might be criminalized, but gay women have long been targeted, sometimes in heinous ways that fly under the radar of the law, and which go unprosecuted. On this Lesbian Visibility Week, I am grateful both to be seen and to slip quietly under the radar, unnoticed.

Persons: Allison Hope’s, Allison Hope, James, “, God, we’ve, We’ve, ” We’ve, I’ve, Jodie Foster, Lily Tomlin, Kate McKinnon, Lea DeLaria, Wanda Sykes, We’re, ” Organizations: New Yorker, The New York Times, Washington Post, CNN, Slate, Gay Locations: New, California, America

☆ ‘Peasants vs. Marie Antoinette’: What the Premier League does with its billions of dollars is riling 72 other soccer clubs
▼ + stars: | 2024-04-18 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

DisparityThanks to its multi-billion-dollar TV deals, the Premier League is often celebrated as a UK Inc. success story. Andrew Powell/Liverpool FC/Getty ImagesBy targeting talents from lower-league academies, Premier League clubs don’t have to pay inflated transfer fees. The mooted introduction of an independent regulator comes against the backdrop of some Premier League clubs falling foul of the Premier League’s Profitability and Sustainability Rules (PSR). Earlier this month, Everton were handed a further two-point deduction for allegedly breaching Premier League financial rules. Relegated from the Premier League in 2023, Leicester denies any wrongdoing and opened legal proceedings against the Premier League and the EFL, but could face a points deduction if found guilty.

Persons: Abu, –, Kieran Maguire, Marie Antoinette ”, Marie Antoinette, – James McConnell –, Gabriele Biancheri, James McConnell, Bobby Clark, Andrew Powell, Caroline Dinenage, Maguire, Richard Masters, ” Maguire, ”, “, ” Masters, Phil Noble, we’ve, It’s, Mike Egerton, they’ve Organizations: CNN —, Manchester City, League, Reading FC –, Reading, English Football League, CNN, British, Premier League, Inc, Sunderland, Manchester United, Cardiff City, Liverpool, Chelsea, Liverpool FC, Getty, Premier League clubs, Culture , Media, Sport Committee, Premier League clubs “, Premier League’s, ” CNN, The Times, European Super League, National League, Everton, Nottingham Forest, Manchester City –, Reuters, Nottingham, “ Premier League, Leicester City, Leicester Locations: Istanbul, Manchester, Abu Dhabi, France, Europe, England’s, Britain's

☆ Ukraine war live updates: Putin gives first comments on Iran attack; Ukraine 'ran out of missiles' to stop power plant destruction
▼ + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russian President Vladimir Putin has given his first comments on the Iranian attack on Israel, calling on all sides to exercise restraint in order to avoid a major regional confrontation. The Kremlin said Putin and his Iranian counterpart, Ebrahim Raisi, had spoken on the phone Tuesday, discussing Israel’s airstrike on a Iranian diplomatic mission in Damascus and Iran’s "retaliation measures," referring to Tehran's massive drone and missile strike on Israel last Saturday. As the world awaits Israel's reaction to the attack, the Kremlin said "Putin expressed hope that all sides will exercise sensible restraint and will not allow a new round of confrontation that may be fraught with disastrous consequences for the entire region." The Kremlin said that Putin believed that the "unresolved Palestinian-Israeli conflict was the root cause of the current developments in the Middle East." In other news, Ukraine's President Volodymyr Zelenskyy said Ukraine "ran out of missiles" to stop a Russian strike destroying a Ukrainian thermal power plant near the capital Kyiv last week.

Persons: Vladimir Putin, Putin, Ebrahim Raisi, Volodymyr Zelenskyy Organizations: Kremlin, Israel Locations: Israel, Damascus, Ukraine, Russian, Kyiv

☆ What's so great about Australia's retirement plan — and what it means for America
▼ + stars: | 2024-04-16 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

Australia's superannuation system mandates employer-funded retirement contributions. Meanwhile, the US retirement system has become anxiety-inducing for many, as older adults struggle to make ends meet. AdvertisementAustralian retirement system puts saving responsibility on employers, not employeesAmerica's current retirement infrastructure includes two major categories: defined contribution plans and Social Security. This differs from the American system, where retirees' money is often held between a 401(k), other accounts, and outside investments. Still, Reilly cautioned that applying Australia's retirement system to the US could negatively affect employee wages.

Persons: —, Sen, Bernie Sanders, Catherine Reilly, Reilly, Larry Fink, Fink Organizations: Service, Challenger Limited, Money, TIAA Institute, Georgetown University's Center for Retirement, Social Security, BlackRock, Employers, Pew Charitable Trust Locations: Australia, America, California, Colorado

☆ Donald Trump appears to have trouble staying awake during his criminal trial. I can relate.
▼ + stars: | 2024-04-16 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Right now, I feel closer to Donald J. Trump than I ever have before. That's because Trump looks like he's having trouble staying awake at his first-ever criminal trial. I don't know how long I was out for — probably just a few seconds — but definitely long enough for them to notice, and for me to notice that they noticed. I don't know when Donald Trump goes to sleep, but I do know that during his Twitter era, he tended to do a lot of late-night scrolling — also relatable — and posting. So don't worry about the nap-shaming, Mr. Trump — many of us do the same thing.

Persons: —, Donald J, Trump, Romeo, Juliet, George Costanza's, I'm, Donald Trump, I've Organizations: Service, Business, Seinfeld, Pixar, Gallup Locations: U.S

☆ Opinion: Why there’s hope for an impartial jury in Trump trial
▼ + stars: | 2024-04-15 | by ( Opinion Jeffrey Abramson | ) edition.cnn.com time to read: +8 min

CNN —On Monday, jury selection for the first-ever criminal trial of a former US president begins in Manhattan. The process may take longer than the usual jury selection and the pool of persons questioned will be larger. There is something to be said for Trump’s claim that he faces an uphill battle in jury selection. True, another New York jury found Trump liable of defaming and sexually abusing E. Jean Carroll in 2023 and again this year. There is a famous quip of unknown origin that goes: “In England, the trial starts when jury selection is over.

Persons: Jeffrey Abramson, “, Donald Trump, Austin Trump, Michael Cohen, Stephanie Clifford, Stormy Daniels, Trump, Trump’s, Juan Merchan, Merchan, ”, “ Get, Alvin Bragg, Daniels, Jean Carroll, Cohen Organizations: University of Texas, Democracy, CNN, Jeffrey Abramson University of Texas, Austin, Trump, Trump Organization, Biden, “, ”, New York Times Locations: Austin, Manhattan, New York, York, England

☆ Opinion | Sensible Ways to Fight Terrorism
▼ + stars: | 2024-04-05 | by ( ) www.nytimes.com time to read: +1 min

First, as the authors note, pulling all U.S. troops and intelligence assets from fragile conflict zones is a boon to globalized terror movements. Second, we must reckon with the underlying grievances that make violent anti-Western ideologies, including militant jihadism, attractive to so many in the first place. These include the ill effects of globalization, and a “rules-based” world order increasingly insensitive to the needs of developing countries and regions. Simply maintaining a military or intelligence presence in terror hot spots does nothing to reduce the sticky recruiting power of militant movements. Stuart GottliebNew YorkThe writer teaches American foreign policy and international security at Columbia University.

Persons: Hasn’t, Christopher P, Costa, Colin P, Clarke, Stuart Gottlieb Organizations: ISIS, Columbia University Locations: Iraq, Afghanistan, United States

☆ Barry Diller: Sensible for companies to move to a '4 days in office, Fridays flexible' standard
▼ + stars: | 2024-04-04 | 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 EmailBarry Diller: Sensible for companies to move to a '4 days in office, Fridays flexible' standardBarry Diller, IAC chairman and senior executive & Expedia chairman and senior executive, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, Paramount's merger discussion with Skydance, whether TikTok poses a national security threat, DOJ's antitrust lawsuit against Apple, AI regulation, the prospect of a 4-day workweek, and more.

Persons: Barry Diller, Nelson Peltz Organizations: Sensible, IAC, Apple

☆ Barry Diller thinks companies will move to a standard of four days in office with Friday flexible
▼ + stars: | 2024-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Companies may eventually transition to four days in person, with a flexible Friday option, according to Barry Diller. Which is what is going to lead to — I think sensibly — not necessarily a four-day work week, but four days in the office, and Fridays you can work from home or work at your own schedule." In the wake of the Covid-19 pandemic, companies have gravitated toward flexible working schedules, but the multitude of options has created some "chaos" at companies, according to Diller. Diller isn't the only investor calling for a more flexible working norm. During an interview with CNBC's "Squawk Box" on Wednesday, Mets owner Steve Cohen said that the growth of artificial intelligence could lead to a shortened four-day work week.

Persons: Barry Diller, CNBC's, Diller, Steve Cohen Organizations: IAC, Wednesday, Mets

☆ Barry Diller thinks we're going to have 4-day workweeks — kind of
▼ + stars: | 2024-04-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Barry Diller thinks employees should come into the office — but he'll settle for four days a week. Diller told CNBC different hybrid work models are causing chaos, and advocated for a standard model. On Fridays, Diller sees a future where people "can work from home or work at your own schedule." AdvertisementBarry Diller believes all the hybrid work models adopted by different companies in the wake of the pandemic are spawning "chaos." On Fridays, Diller foresees a future where employees "can work from home or work at your own schedule," he said.

Persons: Barry Diller, Diller, —, Diller foresees Organizations: CNBC, Service, IAC, Business

☆ Swelling US debt could tip US markets into crisis as soon as next year, Wharton professor says
▼ + stars: | 2024-04-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Market chaos could come next year if the US doesn't adjust its fiscal path, Joao Gomes told CNBC. The US can't afford to extend tax cuts next year, he said. If it doesn't adjust its fiscal trajectory soon, 2025 could be the year when markets start to roil, Wharton professor Joao Gomes warned. "That's something that could definitely happen to us next year," Gomes told CNBC on Thursday. "I think we'll have a serious debate next year about the tax cuts and whether to extend them or not," he said.

Persons: Joao Gomes, Wharton, —, It's, Gomes, Maya MacGuineas, Gomes isn't, Jamie Dimon, Ken Griffin Organizations: CNBC, US, Service, Bank of America, Penn Wharton Budget Model, Trump Administration, White House, Federal, Wall Locations: roil

☆ A millennial and her new husband moved in with her parents. They all still live in her childhood home 11 years later.
▼ + stars: | 2024-03-27 | by ( Jane Ridley | ) www.businessinsider.com time to read: +7 min

As for her mom, Grills said she was happy to babysit. The arrangement is a sensible option for many millennial parents dealing with the cost-of-living crisis, particularly when they need childcare. AdvertisementMoore's parents don't have a separate living space in the homeShe gave birth to their second daughter, Phoebe, in 2018 and son, Barrett, in 2020. Grills told BI that her son-in-law, "a phenomenal chef," tends to cook; she does the kids' laundry and the dishes. The Grills don't pay rent, but bills are split.

Persons: —, Megan Moore scrolled, Ramona, Jim, Moore, Luke, Megan Moore, Dad, Moores, Phoebe, Barrett, babysits Barrett, he's, Megan Moore Moore, Pink Floyd, Doris Day, there's, I'm Organizations: Service, Business

☆ ChatGPT’s boss claims nuclear fusion is the answer to AI’s soaring energy needs. Experts say not so fast
▼ + stars: | 2024-03-26 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

Yet according to Sam Altman, head of ChatGPT creator OpenAI, there is a clear solution to this tricky dilemma: nuclear fusion. Nuclear fusion — the process that powers the sun and other stars — is likely still decades away from being mastered and commercialized on Earth. A section of JT-60SA, a huge experimental nuclear fusion reactor at Naka Fusion Institute in Naka city of Ibaraki Prefecture, Japan, on January 22, 2024. The sector was responsible for around 2% of global electricity demand in 2022, according to the IEA. But, he cautioned, this doesn’t necessarily mean AI’s electricity demand will fall.

Persons: Sam Altman, OpenAI, Altman, “, Lex Fridman, ” Altman, —, Alex de Vries, ”, Aneeqa Khan, ” Khan, Philip Fong, Vries, ” de Vries, Michael Khoo, “ We’re, Khoo, Yiannis Kourtoglou, Sen, Ed Markey, ” Markey, ” Khoo Organizations: CNN, Vrije Universiteit Amsterdam, University of Manchester, “, JT, Naka Fusion, Getty, International Energy Agency, Boston Consulting, Reuters, Microsoft, OpenAI, Boston Consulting Group, Google, Princeton, ” Locations: “, Naka, Ibaraki Prefecture, Japan, AFP, Pascal, Nicosia, Cyprus

Search resuls for: "Sensible"

25 mentions found