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At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed nuclear weapons,” he said Saturday. JPMorgan Chase, the world’s largest bank by market capitalization, is also exploring the potential of generative AI within its own ecosystem, Dimon said. Dozens of AI industry leaders, academics and even some celebrities have signed a statement warning of an “extinction” risk from AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.
Persons: New York CNN — Warren Buffett, Berkshire Hathaway, , Greg Abel, Buffett, , Abel, isn’t, Buffett Buffett, JPMorgan Chase, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Sam Altman, Geoffrey Hinton Organizations: New, New York CNN, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, scamming, JPMorgan, JPMorgan Chase, Software, Yale, Summit, CNN, Walmart, Xerox, Google Locations: New York, Omaha , Nebraska, Omaha, scamming
New York CNN —Starting Tuesday, there’s a new company on the Nasdaq: Trump Media & Technology Group, which will trade under the stock ticker DJT. The social media app was never a blockbuster, though, and it’s unclear how the company will ever make money. While Trump Media may be new, its stock ticker is a throwback to Trump’s only other publicly traded company. Trump bestowed the same initials on his Atlantic City casino business, Trump Hotels and Casino Resorts, back when that company went public in 1995. Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to SEC filings.
Persons: there’s, Donald John Trump, we’ve, Trump, , ” Trump, , Jonathan Macey, Matt Egan, he’s, CNN’s Matt Egan Organizations: New, New York CNN, Nasdaq, Trump Media & Technology Group, Republican, Capitol, Trump Media, Atlantic City, Trump Hotels, Casino Resorts, Mahal, New York Times, Trump Entertainment Resorts, SEC, Twitter, Trump Locations: New York, ” Yale
Truth Social owner Trump Media will begin trading Tuesday as the merger closesCNN —Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The new company will be called Trump Media & Technology Group and trade under the ticker DJT, Trump’s initials. Shareholders voted to approve Trump Media’s merger with a blank-check company, following years of legal and regulatory obstacles. Trump will own a dominant stake in a public company, with shares worth more than $3 billion at current market prices. First, experts say the market is drastically overvaluing Trump Media based on the company’s fundamentals.
Persons: Donald Trump, Trump, Trump won’t, , Matthew Kennedy, Kennedy, Charles Whitehead, Jonathan Macey, Jay Ritter, Ritter, Whitehead, , Xavier Kowalski, Schulte Roth, Zabel, ” Banks, ” Whitehead, , Organizations: Social, Trump Media, CNN, Digital, Corp, Trump Media & Technology Group, Shareholders, Trump, Renaissance Capital, Cornell Law School, SEC, University of Florida, Locations: New, Manhattan, ” Yale
CAPE CANAVERAL, Fla. (AP) — Astronomers have discovered what may be the brightest object in the universe, a quasar with a black hole at its heart growing so fast that it swallows the equivalent of a sun a day. The record-breaking quasar shines 500 trillion times brighter than our sun. The black hole powering this distant quasar is more than 17 billion times more immense than our sun, an Australian-led team reported Monday in the journal Nature Astronomy. The rotating disk around the quasar's black hole — the luminous swirling gas and other matter from gobbled-up stars — is like a cosmic hurricane. Further analysis shows the mass of the black hole to be 17 to 19 billion times that of our sun, according to the team.
Persons: , Christian Wolf, , Priyamvada Natarajan Organizations: , Australian National University, Southern Observatory, ” Yale, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Australian, gobbled, Australia
Yale apologizes for past ties to slavery
  + stars: | 2024-02-17 | by ( Jay Croft | ) edition.cnn.com   time to read: +3 min
CNN —Yale University has issued a formal apology for its historical ties to slavery. The apology is part of Yale’s “ongoing work to understand its history and connections to slavery,” the university said in a news release Friday. Yale also announced the release of a book, “Yale and Slavery: A History,” by professor David W. Blight with the Yale and Slavery Research Project, and a range of actions and initiatives based on the project’s findings. “Confronting this history helps us to build a stronger community and realize our aspirations to create a better future,” Yale President Peter Salovey said in the release. In April 2022, Harvard dedicated $100 million to research and redress its “extensive entanglements with slavery,” President Lawrence Bacow said.
Persons: Yale, , David W, Blight, , Peter Salovey, ” Yale, Lawrence Bacow, Brown, Woodrow Wilson Organizations: CNN — Yale University, “ Yale, Yale and Slavery Research, ” Yale, , Yale University, Connecticut, Yale, New Haven, Black, Slavery Research, Harvard, Harvard University, , Brown, Princeton Locations: New England
On Saturday, a fellow global energy power, Qatar, expressed “great concern” about the situation in Russia. Any meaningful loss of Russian energy would force China and India to compete with Western nations for supplies from other producers. Libya and Venezuela provide cautionary tales of how civil war and internal political strife can savage energy exports. At just under 10 million barrels per day, it produces about 10% of global crude oil demand. It took a long time for the Russian oil industry to recover from that.
Persons: Vladimir Putin, “ Putin, , Jeffrey Sonnenfeld, Richard Bronze, Matt Smith, Kpler, , Stern, Agustin Carstens, Brent, Moscow, , Sonnenfeld, — Sarah Diab, Sharon Braithwaite, Alexandra Peers, Ramishah Organizations: London CNN —, ” Yale, CNN, Western, Energy, Bank for International, BIS, US Energy Information Agency, Council, Foreign Relations Locations: Ukraine, Russian, Moscow, Russia, China, India, Qatar, Americas, Europe, United States, Basel, Asia, Venezuela, Libya, Saudi Arabia, OPEC, Soviet Union, London, New York
New York CNN Business —Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years from now, according to survey results shared exclusively with CNN. The business leaders displayed a sharp divide over just how dangerous AI is to civilization. While 34% of CEOs said AI could potentially destroy humanity in ten years and 8% said that could happen in five years, 58% said that could never happen and they are “not worried.”In a separate question, Yale found that 42% of the CEOs surveyed say the potential catastrophe of AI is overstated, while 58% say it is not overstated. The CEOs indicated AI will have the most transformative impact in three key industries: healthcare (48%), professional services/IT (35%) and media/digital (11%).
Persons: , , Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Yale, Sam Altman, Geoffrey Hinton, Hinton, “ I’m, ” Hinton, Jake Tapper, Robert Oppenheimer, ” Sonnenfeld Organizations: New York CNN Business, Yale, Summit, CNN, Sonnenfeld’s, Leadership Institute, Walmart, Xerox, Google, Microsoft
Yale and Harvard Law Unrank Themselves
  + stars: | 2022-11-18 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Yale and Harvard law schools said this week they will no longer participate in the annual law-school rankings published by U.S. News & World Report. Readers may see no one to root for in a showdown between elite schools and the higher-ed ratings complex, but there’s a point to be made about what appears to be a flight from merit and transparency at these schools. Yale Law Dean Heather Gerken in a statement this week called the U.S. News rankings, which have long influenced the perception of prestige, “profoundly flawed.” Yale has “reached a point where the rankings process is undermining the core commitments of the legal profession. As a result, we will no longer participate.” Harvard Law School quickly followed, and on Thursday UC-Berkeley Law pulled out.
Yale and Harvard Law Schools Abandon U.S. News Rankings
  + stars: | 2022-11-16 | by ( Melissa Korn | ) www.wsj.com   time to read: 1 min
Yale Law School is known as a training ground for legal scholars and prominent lawyers. Yale Law School and Harvard Law School are pulling out of the U.S. News & World Report law-school ranking that they have dominated for decades, issuing a blow to the credibility and power of the high-profile rankings. “The U.S. News rankings are profoundly flawed,” Yale Law Dean Heather Gerken said. “Its approach not only fails to advance the legal profession, but stands squarely in the way of progress.”
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