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☆ An unchecked AI could usher in a new dark age
▼ + stars: | 2024-06-06 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

One legal expert even warned that AI could potentially usher in a new, modern-day "dark age," or a period of societal decline if the relatively new industry of AI goes largely unregulated. AdvertisementAI regulation, Pasquale said, could prevent many of the problems that could pave the way for this so-called new dark age dynamic. US intellectual property laws related to copyright infringement and state-level publicity rights are among the main legal frameworks being used to potentially regulate AI in the country. That includes how social media affects youth's mental health and the propagation of disinformation and misinformation, he said. AdvertisementHe noted that the ability to regulate social media today exists, but that it's not clear what the effective legal solutions are for the societal problems that have arisen.

Persons: —, Frank Pasquale, OpenAI, Pasquale, Mark Bartholomew, Bartholomew, Harry Surden, We've, Surden Organizations: Service, Business, Cornell Tech, Cornell Law School, Microsoft, University, Buffalo, University of Colorado Law School, Stanford, CodeX, Legal Informatics Locations: United States

☆ TikTok influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban looms
▼ + stars: | 2024-04-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

Chinese-owned ByteDance will be forced to sell TikTok to a US company or face a nationwide ban. AdvertisementThose who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. A ban would be "devastating" for her, she said, because years of her work would be "deleted forever." AdvertisementA TikTok spokesperson told BI in March that the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. Editor's note, April 23, 2024: This article has been updated to reflect the House of Representatives vote, which passed a bill to ban TikTok in the US.

Persons: —, TikTok, Leo LonDini, LonDini, Brett Jansen Organizations: Service, Google, Epic Games, Universal Group, Warner Music Group, Spotify, Tesla Locations: China

☆ TikTok influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban gains steam
▼ + stars: | 2024-03-12 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

A new bill would make Chinese-owned ByteDance sell TikTok to a US company or face a nationwide ban. Those who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. The whole TikTok ban is clearly a tactic to control the narrative." AdvertisementA ban would be "devastating" for her, she said, because years of her work would be "deleted forever." A TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US.

Persons: —, TikTok, Shira, aren't, She's, Ben Stanley, hasn't, Tahrea Sherman, Sherman, Catalina Goanta, Goldman Sachs, Goanta Organizations: Service, Energy, Commerce, Google, Utrecht University Locations: Congress, TikTok, Netherlands, Statista

☆ The TikTok ban is headed to a vote in the House. Here's what to know.
▼ + stars: | 2024-03-12 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

A bipartisan group of representatives introduced a bill on March 5 to effectively ban TikTok. The House is set to vote on the legislation on Wednesday, where it's expected to pass. The bill has faced criticism from advocacy groups, TikTok fans, and former President Donald Trump. AdvertisementThe House of Representatives is set to vote Wednesday on a bipartisan-supported bill that could decide the future of TikTok. If this bill or a similar one passes through Congress, President Joe Biden has already said he'll sign it into law.

Persons: Donald Trump, —, Mike Gallagher, Raja, " Gallagher, we've, Zuckerschmuck, ByteDance, Jeff Yass, GOP Sen, Todd Young, Joe Biden Organizations: Service, Facebook, Susquehanna International Group, Trump, New York Times, Republican, Democratic, GOP, Center for Democracy & Technology, American Civil Liberties Union, Electronic Frontier Foundation Locations: United States, TikTok, Yass, Congress

☆ TikTokers are enthusiastically joining the app's call to wage war on Congress over a potential ban
▼ + stars: | 2024-03-08 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

The proposed bill would force ByteDance to sell TikTok or face a nationwide ban. AdvertisementTikTokers have enthusiastically answered the app's call to bombard members of Congress with calls and messages in an effort to prevent the platform from being banned in the US. AdvertisementA TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US. The state of Montana, for instance, banned TikTok entirely in 2023. An increasing number of states have also made the decision to ban TikTok on government-issued devices.

Persons: ByteDance, —, TikTokers, Mike Gallagher, Raja Krishnamoorthi, Trump, TikTok, Jamaal Bowman, Ben Stanley, Mary Miller, Shira, Meta Organizations: Service, Republican Rep, Democratic Rep, Energy, Commerce, New, YouTube, Centre for Digital Citizens, Northumbria University, Facebook, Universal Music Group Locations: Wisconsin, Illinois, Montana, Austin, China, Cambridge, Brexit

"It is hard to understand how the ECB ended up buying the bonds of property companies, while at the same time warning of the risks of property price inflation," former ECB chief economist Otmar Issing told Reuters. But data this week shows the central bank still owned the two bonds issued by SBB as of Nov. 24. While Sweden is not in the euro zone, SBB issued the debt bought by the ECB in neighbouring Finland, which is. Alongside the SBB bonds, the ECB also hoovered up the debt of other property companies which have since hit problems, including Sweden's Heimstaden. The ECB also gobbled up many German real estate bonds, including 39 issued by Vonovia, which has been selling property to cut debt.

Persons: Otmar Issing, Daniel Gros, Gros, Sweden's, Heimstaden, it's, Alexander Smith Organizations: SBB, European Central Bank, ECB, Reuters, Research, Institute, European, Bocconi University, Fitch, Vonovia, Thomson Locations: FRANKFURT, Europe, Germany, Sweden, Milan, Swedish, Finland

James is recovering well from the dual transplant last May and the donated eye looks remarkably healthy. Whatever happens next, James' surgery offers scientists an unprecedented window into how the human eye tries to heal. The hurdle is how to regrow the optic nerve, although animal studies are making strides, Goldberg added. James’ optic nerve clearly hasn't healed. Yet when light was flashed into the donated eye during an MRI, the scan recorded some sort of brain signaling.

Persons: Aaron James ’, James, ” James, there’s, ”, “ We’re, Eduardo Rodriguez, Rodriguez, James ’, Jeffrey Goldberg, Goldberg, ” Goldberg, Allie, “, Meagan James, Vaidehi Dedania, Steven Galetta, David Klassen, “ we’re Organizations: — Surgeons, NYU Langone Health, NYU, Associated Press, Stanford University, United Network, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Springs , Arkansas, U.S

☆ Blinken visits West Bank to meet Palestinian leader Mahmoud Abbas
▼ + stars: | 2023-11-05 | by ( Simon Lewis | ) www.reuters.com time to read: +4 min

Blinken told Abbas that the Palestinian Authority should play a central role in what comes next in the Gaza Strip, a senior State Department official told Reuters. Abbas told Blinken there should be an immediate ceasefire and that aid should be allowed into Gaza, according to spokesperson Nabil Abu Rudeineh. Abbas' Palestinian Authority, which exercises limited self-rule in the Israeli-occupied West Bank, has seen its popularity shrivel amid allegations of graft, incompetence and widely hated security cooperation arrangements with Israel. The meeting was Blinken’s second with Abbas since the conflict began, but the first to take place in the West Bank. Blinken and Abbas "discussed efforts to restore calm and stability in the West Bank, including the need to stop extremist violence against Palestinians and hold those accountable responsible," Miller said.

Persons: Antony Blinken, General Hussein al, Mahmoud Abbas, Blinken, Israel, Abbas, Nabil Abu Rudeineh, Matthew Miller, Miller, Jordan, Simon Lewis, Ali Sawafta, Hugh Lawson, Alexander Smith Organizations: PLO, Hamas, West Bank, Sunday, Palestinian Authority, State Department, Reuters, Palestinian, United Nations, Thomson Locations: Israel, Palestinian, Ramallah, RAMALLAH, Gaza, United States, Egypt

☆ Blinken says Palestinian voices key to Gaza future
▼ + stars: | 2023-11-05 | by ( Simon Lewis | ) www.reuters.com time to read: +6 min

Blinken passed through Israeli checkpoints to meet Palestinian Authority President Mahmoud Abbas in the West Bank city of Ramallah, and then traveled on to Iraq. Palestinian views, voices and aspirations need to be “at the center” of conversations about the future of Gaza, Blinken told reporters in Baghdad. Blinken had some "good ideas" about the future he said, but "now is the time to ....stop the murder of civilians"Abbas told Blinken there should be an immediate ceasefire and that aid should be allowed into Gaza, according to spokesperson Nabil Abu Rudeineh. While Hamas tightly controls besieged Gaza, the West Bank is a complex patchwork of hillside cities, Israeli settlements and army checkpoints that split Palestinian communities. Blinken credited Abbas for tamping down tension in the West Bank and told him he had pressed Israeli officials for accountability, the senior State Department official said.

Persons: Antony Blinken, Blinken, Mahmoud Abbas, Israel, Abbas, WAFA, Mohammed Shia, Al Sudani, Nabil Abu Rudeineh, Matthew Miller, Miller, Jordan, Simon Lewis, Ali Sawafta, Doina Chiacu, Ted Hesson, Hugh Lawson, Alexander Smith, Heather Timmons Organizations: U.S, Palestinian Authority, Palestinian, West Bank, Hamas, CBS, United Nations, senior State Department, Thomson Locations: RAMALLAH, BAGHDAD, Gaza, Ramallah, Iraq, Israel, Baghdad, Iran, United States, East Jerusalem, Palestinian, U.S, United Kingdom, Egypt, Washington

☆ South America's Lake Titicaca nears record low water level as El Nino bites
▼ + stars: | 2023-11-03 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

[1/2] Isabel Apaza shows the area of Lake Titicaca without water in drought season, in Huarina, Bolivia August 3, 2023. REUTERS/Claudia Morales/File Photo Acquire Licensing RightsLIMA, Nov 3 (Reuters) - The water level at Lake Titicaca on the Peru-Bolivia border is edging towards a record low, exacerbated by the weather phenomenon known as El Nino that is expected to get still more intense in coming months. Severe drought conditions and unusually high temperatures have caused the shoreline to shrivel at Titicaca, South America's largest lake and the world's highest navigable body of water. The water level is now around 13 inches (33 cm) above its record low recorded in 1943. Over the past seven months, the lake's water level has fallen 29 inches (74 cm), according to Senamhi data.

Persons: Isabel Apaza, Claudia Morales, El, Milagros Quispe, Nino, El Nino, Marco Aquino, David Alire Garcia, Rosalba O'Brien Organizations: REUTERS, Rights, El Nino, El, Thomson Locations: Lake Titicaca, Huarina, Bolivia, Peru, shrivel, Titicaca, South America's

☆ Sainsbury’s gain is private equity’s pain
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 2 (Reuters Breakingviews) - Red hot competition in the UK grocery market is favoring the largest players. Sainsbury’s CEO Simon Roberts reckons the 6.5 billion pound group has been taking market share from rivals including discounters Aldi and Lidl. That may not be good news for Sainsbury’s smaller peers like Morrisons and Asda, owned by Clayton, Dubilier & Rice and EG Group respectively. Both Sainsbury’s and Tesco have held their market shares relatively stable since 2021, when CD&R bought Wm Morrison. Sainsbury’s is currently valued at 5 times forward EBITDA, according to LSEG data.

Persons: J Sainsbury’s, Simon Roberts reckons, Wm Morrison, Aimee Donnellan, Aston Martin, Neil Unmack, Streisand Neto Organizations: Reuters, Aldi, Tesco, Clayton, Rice, EG, R, Asda, Morrisons, Pfizer, Thomson Locations: Britain’s, Asda, Dubilier

☆ Peak crude demand is fueling anger and argument in the world of oil
▼ + stars: | 2023-10-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Peak oil demand refers to the point in time when the highest level of global crude demand is reached, which will be immediately followed by a permanent decline. This would theoretically decrease the need for investments in crude oil projects and make them less economical as other energy sources take over. "Such narratives only set the global energy system up to fail spectacularly," OPEC Secretary General Haitham al-Ghais said in a Sept. 14 statement. The IEA's roadmap calls for daily oil demand to be slashed by 25% in seven years' time. 'We all strive for the same thing'OPEC leaders, meanwhile, point to continuing yearly increases in oil demand, particularly from major emerging markets like China and India.

Persons: Leonard Ortiz, It's, Haitham, Ghais, Claudio Descalzi, Steve Sedgwick, Descalzi Organizations: MediaNews, Orange, Getty, International Energy Agency, OPEC, IEA, Abu Dhabi International Petroleum Exhibition Conference, Abu Dhabi International Progressive Energy Conference, United, Eni Locations: Huntington Beach , California, United Arab Emirates, UAE, OPEC, China, India

☆ Netanyahu: Israel to work to prevent collapse of Palestinian Authority
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, July 9 (Reuters) - Prime Minister Benjamin Netanyahu's security cabinet on Sunday decided that Israel would work to prevent the collapse of the Western-backed Palestinian Authority (PA), but did not offer any concrete steps to do so. Israel has been stepping up military operations against armed groups in the occupied West Bank, where the PA has limited autonomy. The volatility has laid bare the weakness of the PA in the face of hundreds of Palestinian militants and the expansion of Israeli settlements in the West Bank. Netanyahu's office said his security cabinet had decided to act to prevent the collapse of the PA, though it was not a unanimous decision. The statement said Netanyahu and his defense minister would bring forward "steps to stabilize the civil situation in the Palestinian arena," but did not give any specifics.

Persons: Benjamin Netanyahu's, Netanyahu, Mahmoud Abbas, Abbas, Joe Biden, it's, Ari Rabinovitch, Hugh Lawson, David Holmes Organizations: Sunday, Palestinian Authority, West Bank, CNN, Thomson Locations: Israel

Then, a deep dive into MrBeast and what his YouTube empire says about the future of the internet. Reddit came along and said, oh, we need to protect Reddit from the rise of these large language models. So I don’t think they’re totally out of the woods. But I don’t think people would say it was a golden age for how safe the platforms fell to use. But I want to challenge you on this, because I don’t necessarily think that it’s a bad thing if we have past peak trust and safety.

Persons: kevin roose, you’ve, casey newton, casey newton Yes, I’ve, there’s, kevin roose I’m, Kevin Roose, ” casey newton, Casey Newton, Casey, Reddit, casey newton Right, roose, Steve Huffman, you’re, Kevin, It’s, They’re, casey newton Well, they’ve, we’re, Huffman, “, Redditors, We’ve, Everyone’s, we’ve, I’m, let’s, Sam Walton, Max, kevin roose Hey, kevin roose Oh, kevin roose Max Read, MrBeast, it’s, Jimmy Donaldson, He’s, Willy Wonka, he’s, somethings, haven’t, kevin roose We’ll, We’ll, kevin roose She’s, she’s, kevin roose MrBeast, Jeremiah, jeremiah howard, Jeremiah Howard who’s, Jimmy, Burger, You’re, Stefan Molyneux, PewDiePie, Paul, Let’s, Raman, kevin roose It’s, MrBeast financials, doesn’t, Logan Paul, they’re, Vincent Miller, Jon Hamm’s, Matthew Weiner’s, kevin roose Max, Will, Max Read, ” kevin roose, casey newton Max, Robert F Kennedy, COVID, Kennedy, Instagram, Connor Roy, Marjorie Taylor Greene, Robert F Kennedy Jr, Elon, Donald Trump, We’re, Jim Jordan, kevin roose Totally, Alex Jones, casey newton Totally, Kate Kalanick, Trump, Tucker Carlson, aren’t, — casey newton, hasn’t, Rachel Cohn, Jen Poyante, Caitlin Love, Alyssa Moxley, Dan Powell, Elisheba Ittoop, Marion Lozano, Sofia Lanman, Rowan Niemisto, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresi, Jeffrey Miranda Organizations: The New York Times, Twitter, YouTube, Lamborghini, Netflix, Walmart, News, Producers, Meta, Instagram, COVID, Democratic, Washington Post, Apple, Republicans, Facebook, 4chan, Republican Party, Trump, Fox News, Stanford, Davis Locations: Hawaii, Reddit, Greenville , North Carolina, hysterics, New Jersey, New York, Greenville, North Carolina, Central, United States, Bay, San Francisco, Stanford

☆ Peak oil demand could be hit this decade, IEA says
▼ + stars: | 2023-06-14 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Global oil demand is projected to peak in the next few years even as some major energy companies announce plans to reinvigorate their fossil fuel businesses. “The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade,” said IEA Executive Director Fatih Birol. The agency expects global oil demand to reach nearly 106 million barrels per day in 2028. The IEA’s latest forecasts update its prediction in October that demand for oil would plateau by the mid-2030s. BP now plans to slash oil output by 25% by 2030 from 2019 levels, whereas it previously aimed to cut output by 40% against this benchmark.

Persons: ”, Fatih Birol, Birol, “ Organizations: London CNN — Global, International Energy Agency, Investment, IEA, Shell, CNN, BP, “ Oil Locations: Paris, Ukraine

☆ Opinion | The Wrong Way to Cut New York City’s Budget
▼ + stars: | 2023-05-19 | by ( Mara Gay | ) www.nytimes.com time to read: +1 min

After a decade-long spending spree and a devastating pandemic, New York City is now staring at three years of huge budget deficits, beginning with at least $4.2 billion in the year that starts in July of next year. Mayor Eric Adams, rightly, is trying to wring some savings from the city’s $106 billion budget. But rather than cut, New York City should increase its outreach and pay providers what they are owed. Frank Dwyer, a spokesman for the Department of Correction, said in a statement that the agency would provide the social services previously performed by contractors. But that could be difficult at the city’s jail complexes, which continue to suffer from violence and inmate deaths.

☆ An Architect Known for Building Castles in the ‘Vegetable Kingdom’
▼ + stars: | 2023-05-03 | by ( Matt Shaw | ) www.nytimes.com time to read: +1 min

This article is part of our Design special section about making the environment a creative partner in the design of beautiful homes. This exterior portion would be a 20-story “vertical garden,” which would cool the building by shading it with flowers and plants that would change colors seasonally. Though the green facade was never built, it represented a typical confrontation by a fearless pioneer. No polluting, extractive governmental bully was going to shrivel his environmental dreams. Now 79 and a witness to many trendy environmental innovations, including verdant towers, Mr. Ambasz finds that rather than outracing his times, he is running neck-and-neck with them.

Catalonia, Spain CNN —Standing in his field of stunted, withered maize, Santi Caudevilla is very worried. It’s becoming increasingly hard to make ends meet as crops shrivel through lack of water – or cannot be planted at all. “This is the worst period that we have had for the last 100 years,” Samuel Reyes, director of the Catalan Water Agency, told CNN. Allison Nussbaum/NASA Allison Nussbaum/NASA These two images show shrinking water reservoirs in the Catalonia region of Spain. In April, Spain requested emergency funding from the European Union to help farmers cope with the impacts of the drought.

☆ Investors 'are pretty afraid right now,' financial psychologist says. These 2 steps can help
▼ + stars: | 2023-03-31 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

watch nowWith high inflation, the threat of a recession and ongoing market volatility, we're in a period of high financial uncertainty. Understandably, many investors "are pretty afraid right now," said Brad Klontz, a psychologist and certified financial planner. And when we're stressed, our frame of reference tends to become short, said Klontz, who is also a member of CNBC's Financial Advisor Council. If you're investing for retirement, you may not need that money for decades, and so the answer is no. If market volatility is causing you a lot of stress, you may need to make adjustments.

☆ Revisiting JPMorgan’s innovative Cazenove deal
▼ + stars: | 2023-02-24 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +6 min

JPMorgan avoided most of these problems by structuring its deal as a joint venture with Cazenove. Though the corporate entity called JPMorgan Cazenove was quietly wound down a few years ago, the name still graces the U.S. group’s UK banking business. At the time of the JPMorgan deal, Cazenove acted as broker to almost half of the companies in the FTSE 100 Index (.FTSE). By 2009, the enlarged business reported a pre-tax profit of 280 million pounds. The Cazenove deal still stands as a case study of how to buy an investment bank without destroying it.

☆ Electric vehicle makers burning cash, slammed by sky-high costs
▼ + stars: | 2022-11-14 | by ( Akash Sriram | ) www.reuters.com time to read: +5 min

[1/2] A Canoo Lifestyle Vehicle is displayed during the 2021 LA Auto Show in Los Angeles, California, U.S. November, 17, 2021. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. At the end of September, it had $6.8 million in cash and equivalents, down sharply from $415 million a year earlier. Still, higher output would ultimately reduce the cost per car and limiting production can threaten the path to profitability, analysts said. Rivian, backed by Amazon.com (AMZN.O) and Ford Motor (F.N), had $13.8 billion cash on hand at the end of September.

☆ Sam Bankman-Fried's entire fortune has now been wiped out as pieces of his crypto empire shrivel in value to $1
▼ + stars: | 2022-11-11 | by ( Brian Evans | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's fortune has been erased as his assets become essentially worthless, according to the Bloomberg Billionaire Index. At its peak, his net worth was $26 billion and still stood at $16 billion on Monday. At its peak, his net worth was $26 billion and still stood at $16 billion on Monday. But by Wednesday it had shriveled to $1 billion, according to Bloomberg. FTX halted customer withdrawals earlier this week after about $5 billion worth of withdrawal requests came in on Sunday.

☆ Brazil's rural boomtowns ensure Bolsonarismo's future
▼ + stars: | 2022-10-28 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +7 min

REUTERS/Gabriel StargardterCATANDUVA, Brazil, Oct 28 (Reuters) - The small city of Catanduva in the rural farm belt of Sao Paulo state has been ahead of the political curve in Brazil. The residents of Catanduva, who have benefited from robust Chinese demand for Brazilian commodities, are now fully behind Bolsonaro. Since Sahao stepped down in 2005, the PT has spent nearly two decades locked out of power at Catanduva's city hall. Across Sao Paulo, countless PSDB mayors and state lawmakers have, like Father Oliveira of Catanduva, thrown in their lot with Bolsonaro. Bassitt, the farmer, said the conservative values of rural, small-town Brazil were now the driving force in national politics.

☆ New & Notable: Latest releases from Our Place and Breville
▼ + stars: | 2022-10-01 | by ( Christina Colizza | Christina Colizza Is An Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +7 min

This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. New this weekOur Place, the creator of the much-loved Always Pan, is expanding its kitchenware offerings to include a new ceramic tableware set. If you’re a small-apartment dweller, or just a tiny-kitchen owner, Caraway’s new mini cookware set could be for you. Christina ColizzaI didn’t technically buy the Ooni Koda pizza oven for myself, but I plan to benefit from it. But they have been a godsend: [The lids] click into place so easily, and a single lemon lasts me weeks now.

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