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☆ Wall Street to Big Tech: Is AI ever going to make money?
▼ + stars: | 2024-08-02 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

New York CNN —There’s been one big question on the minds of Wall Streeters this tech earnings season: When will anyone start making actual money from artificial intelligence? But Big Tech still has relatively little to show for all their billions spent in terms of significant revenue gains from AI or profitable new products, and investors are starting to get antsy. Shares of both Google and Microsoft dipped following their earnings reports, a sign of investors’ discontent that their huge AI investments hadn’t led to far-better-than-expected results. She added: “Gen AI is where we’re much earlier … We don’t expect our gen AI products to be a meaningful driver of revenue in ’24. As an example of just how long it can take AI products to come to fruition, take Tesla’s AI-based “full self-driving” technology.

Persons: New York CNN — There’s, ChatGPT, ’, Morgan Stanley, Keith Weiss, Steven Ju, Sundar Pichai, Goldman Sachs, —, ” D.A, Davidson, Gil Luria, Meta, Amy Hood, “, Susan Li, that’s, ” Luria, we’re, Jim Covello, Tesla, FSD, Google’s Pichai, Mark Zuckerberg, — Luria Organizations: New, New York CNN, Big Tech, UBS, Google, Microsoft, CNN, Meta Locations: New York, Silicon Valley

☆ The junior investment banker who just won gold at the Olympics explains how he juggles both jobs
▼ + stars: | 2024-08-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

Yet Justin Best, an investment-banking analyst at San Francisco-based Union Square Advisors, has managed to defy the ordinary. Between photo ops, celebrations, and press gatherings, Best, 26, sat down with Business Insider to talk about how he juggled his job as a banker and his intense training schedule. Best started at Union Square Advisors a few months after he competed in Tokyo in 2021. Jordan Vanderstoep, a rower a few years older than Best who previously worked at Union Square, also helped Best get the job. "So having places that support Olympic dreams truly makes it possible, and I'm happy to say Union Square is one of those."

Persons: —, Justin Best, It's, Carlyle, I've, Alex Davidson, Devon Ritch, Jordan Vanderstoep, Best, Simone Biles, Mike Meyer Organizations: Service, San, Square Advisors, Team USA, Business, Drexel University, Square, Union Square Advisors, BART, Rapid, Olympics, University of California, USA national, Union, Wall, Games Locations: San Francisco, Paris, Tokyo, Philadelphia, East, University of California Berkeley, Europe, Los Angeles

☆ European stocks to extend declines after Bank of England rate cut as global sentiment sours
▼ + stars: | 2024-08-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Boris Roessler | Picture Alliance | Getty ImagesLONDON — European stocks were set to open lower Friday, extending losses amid a global downturn as a busy week of market action draws to a close. Germany's DAX was on course to open 104 points lower at 17,984, according to IG data, with France's CAC 40 down 40 points at 7,325. The regional Stoxx 600 index on Thursday suffered its worst session since mid-June, pulled down by financials as French bank Societe Generale downgraded its outlook and the Bank of England cut interest rates for the first time since 2020. The central bank decision took its key interest rate to 5% from 5.25%, in a move that markets had not been fully convinced it would carry out. Asia-Pacific markets saw steep losses Friday, with Japan's benchmark indexes tanking as much as 5%.

Persons: Boris Roessler, Germany's DAX, BOE Governor Andrew Bailey, BOE, Joe Tuckey Organizations: Getty, France's CAC, Societe Generale, Bank of England, CNBC, Argentex, U.S . Federal Reserve, Bank of, Apple, Intel, U.S . Bureau of Labor Statistics Locations: Frankfurt, Bank of Japan, Europe, Asia, Pacific

☆ Linde extends its streak of earnings beats, flexes ability to handle any economy
▼ + stars: | 2024-08-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. We're not the only investors who have come to covet the company's ability to deliver steady earnings growth regardless of the economic conditions. But if there is a worsening of economic conditions, Lamba said Linde will take action quickly to protect profits. "That was just a very solid quarter," Jim Cramer said Friday. Guidance For the third quarter, Linde expects adjusted EPS in the range of $3.82 to $3.92, implying 5% to 8% growth compared with the year-ago period.

Persons: Linde, LSEG, . Linde, —, We're, South America —, Sanjiv Lamba, Lamba, Matthew White, White, Jim Cramer, Jim Cramer's, Lin, Jim, Rolf Schulten Organizations: Revenue, Products, Linde, LIN, Taiwan Semiconductor Manufacturing Company, Linde's, CNBC, Bloomberg, Getty Locations: North America, America, South America, U.S, It's, Arizona, Americas, Europe, Middle East, Africa, Linde's Asia, China, Leuna, Germany

☆ How Xs and Cs spotted in the ionosphere could disrupt life on Earth
▼ + stars: | 2024-08-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +13 min

Earth’s electric and magnetic fields and gravity cause charged particles in the ionosphere to flow away from Earth’s magnetic equator. Typically, plasma bubbles are long and straight because they form along Earth’s magnetic field lines. GOLD observations captured C-shaped and reverse C-shaped plasma bubbles close together in the ionosphere on October 12, 2020, and December 26, 2021. So far, GOLD has only observed two instances of the close pairings, but the C-shaped bubbles have the potential to disrupt communications. “Due to such wide view and continuous measurements, GOLD has allowed us to observe these mysteries within the ionosphere,” Karan said.

Persons: Jeffrey Klenzing, “, it’s, ”, NASA SVS, Fazlul Laskar, —, Laskar, ” Klenzing, Karan et, Deepak Karan, Karan, ” Karan, John Deere, Tim Marquis, ” Laskar Organizations: CNN, International Space Station, NASA SVS, Goddard Space Flight, NASA, of Geophysical Research, University of Colorado’s Laboratory, Atmospheric Locations: Tonga, Greenbelt , Maryland, Baltimore, Boston

☆ I spent 18 months and $34,000 traveling the world, and felt more lost than ever—4 lessons I learned about happiness
▼ + stars: | 2024-08-02 | by ( Helen Zhao | ) www.cnbc.com time to read: +5 min

I had quit my dream job as a video journalist to heal my burnout and find happiness beyond traditional measures of success and prestige. Happiness is not about extremes, but balanceFor years, I thought working my dream job would bring me the ultimate happiness. I realized that I won't find lasting happiness unless I'm living a life balanced between adventure, rest, productivity, and learning. I realized that I won't find lasting happiness unless I'm living a life balanced between adventure, rest, productivity, and learning. I was jealous — my life felt lame in comparison to the epic, picture-perfect lives they seemed to lead.

Persons: I'd, Helen Zhao, doesn't Locations: Los Angeles, South America, Asia, Indonesia, Vietnam, Patagonia, Los Angeles and New York City, Southeast Asia, LA, Bali

☆ How the Russian prisoner swap that freed Evan Gershkovich unfolded over two years
▼ + stars: | 2024-08-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | Carol E. Lee | ) www.nbcnews.com time to read: +6 min

The effort took on extra urgency in March 2023, when the Russians arrested Gershkovich, a senior administration official said. Days later, NBC News reported that a deal that could have sprung Navalny, Gershkovich and Whelan had been in the works. After Biden and Scholz met on Feb. 9, Scholz told Biden he was on board. Vice President Kamala Harris also discussed the prisoner swap with Scholz, telling him that Krasikov was a critical component of getting a prisoner swap with Russia, a White House official said. That was when he called the Slovenian prime minister to make sure his country was ready to release the Russian in their custody.

Persons: Evan Gershkovich, Brittney Griner, Biden, Viktor Bout, Paul Whelan ’, Whelan, Paul Whelan, Antony Blinken, “, ” Blinken, Sergei Lavrov, Gershkovich, Blinken, Lavrov, ” Lavrov, ”, ” Gershkovich, Alexei Navalny, Navalny, Vadim Krasikov, Zelimkhan, Olaf Scholz, Krasikov, Griner, Whalen, Joe Biden, Scholz, Kamala Harris, Jake Sullivan, Elizabeth Whelan, Sullivan, Vladimir Kara, Murza, Kurmasheva, ” Biden Organizations: Wall Street, Marine, AP, NBC News, Berlin, White, Biden Locations: Russia, Poland, Slovenia, Norway, Berlin, Moscow, Germany, Chechen, Russian, U.S, Nevada, Slovenian

His comments rattled health care providers, who might advise a pregnant woman seeking an abortion to travel out of state, and abortion funds that help arrange and fund such travel. Stefan Jeremiah / AP fileThe plaintiffs, who include the Yellowhammer Fund, an abortion fund, and West Alabama Women’s Center, now known as WAWC Health Care, along with other health care providers, have some reason for optimism. Although Marshall has not brought any charges, abortion-rights advocates say his remarks have had a chilling effect on abortion funds and health care providers. More than a decade ago, an abortion fund supported her through ending a pregnancy. Evelyn Hockstein / ReutersWAWC Healthcare, another plaintiff in the case, which is being represented by the ACLU, used to offer abortions, but has remained open to provide prenatal care and other reproductive health care, such as wellness exams.

Persons: Roe, Wade, Steve Marshall, Marshall, “, Marshall’s, Steve Marshall's, Stefan Jeremiah, Myron Thompson, ”, Jamila Johnson, Kelsea McLain, ” McLain, Evelyn Hockstein, Robin Marty, She’s, ” Marty Organizations: U.S, Supreme, Republican, Alabama, Yellowhammer Fund, West Alabama Women’s Center, Middle, Middle District of, Yellowhammer, NBC News, Medical, WAWC Healthcare, Reuters WAWC Healthcare, ACLU Locations: Alabama, State, U.S, Middle District, Middle District of Alabama, California, Idaho, Texas, Reform, Ala

☆ What your teen actually wants you to do when they are upset
▼ + stars: | 2024-08-01 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

CNN —Maybe a hug from a parent no longer solves problems for a teen as it did in their childhood. But when it comes to teenage mental health, adults can do a lot to help, according to new data. The survey found that 1 in 6 parents have a hard time comforting and communicating with their teen. ridvan_celik/E+/Getty ImagesThe worsening mental health and rising stakes of teens often puts parents in a difficult place. That scenario is why it’s important for parents and caregivers to have their own mental health resources, said Dr. Whitney Trotter, a doctor of nursing practice, psychiatric and mental health nurse practitioner and registered dietitian in Austin, Texas.

Persons: ”, Lisa Damour, —, Damour, Stephanie Marken, Whitney Trotter, Laurence Steinberg, “, they’ll, ” Damour, Marken, Trotter, ” Marken, “ It’s Organizations: CNN, Walton Family Foundation, Gallup, Adolescents, Social, Temple University, “ Locations: Ohio, Austin , Texas, Philadelphia

☆ Israeli military says it killed Hamas armed wing leader Mohammed Deif in Gaza airstrike last month
▼ + stars: | 2024-08-01 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Israel's military on Thursday said it killed the chief of Hamas' military wing, Mohammed Deif, in an airstrike in July. "We can now confirm: Mohammed Deif was eliminated," the Israel Defense Forces posted on its official X account. The October attack set off the ongoing Israel-Hamas war, now in its tenth month, and the Israeli military offensive in the Gaza enclave that local authorities say has killed more than 39,000 people. The Israeli military said that the strike that killed Deif took place on July 13 and hit a compound on the outskirts of Khan Younis, near a tent encampment for displaced Palestinian people. Gallant added: "Israel's defense establishment will pursue Hamas terrorists — both the planners and the perpetrators of the 07.10 massacre.

Persons: Khan Yunis, Mohammed Deif, Khan Younis, Deif, Yahya Sinwar, Ismail Haniyeh, Yoav Gallant, Osama Bin Laden, Gallant, — Organizations: Palestinian, Hamas, Israel Defense Forces, IDF, CNBC, Israeli Locations: Rafah, Gaza, Israel, Khan, Tehran, Hamas, Iran

☆ Amazon just gave a bleak sign about the economy
▼ + stars: | 2024-08-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Amazon says that deal-seeking shoppers dented its sales. Amazon is presenting a bleak picture of the economy as rising prices batter American wallets. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmazon said deal-hungry shoppers dented sales in the second quarter, presenting a bleak picture of the economy as prices continue to batter American wallets.

Persons: —, Brian Olsavsky Organizations: Service, Amazon, Business

☆ Mark Zuckerberg has brilliantly cornered us
▼ + stars: | 2024-08-01 | by ( Lloyd Lee | Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewMark Zuckerberg looks poised to dominate the AI adoption race thanks to a technicality: Meta has three billion-plus captive users who have no choice but to use it. As the company reported second-quarter earnings on Wednesday, Zuckerberg gloated about Meta AI — its AI assistant rolled out earlier this year — being "on track to achieve our goal of becoming the most used AI assistant by the end of the year." Related storiesIn effect, then, that gives Zuckerberg a lot of engaged users to introduce AI-powered technology to. Meta's family of apps now has 3.27 billion daily active users. Zuckerberg also seems intent on showing users that AI can inherently make their experience of his apps vastly better.

Persons: —, Zuckerberg, It's, Mike Proulx, Forrester, WhatsApp, Susan Li Organizations: Service, Harvard, Business, Meta, Facebook, Apple, Apple Intelligence, OpenAI

Learn moreThe LG G4 is one of the most stunning premium displays I've tested. Judged against other 2024 models, the LG G4 is easily one of the best TVs you can buy for top-notch image quality. But the G4 is technically the best OLED TV LG has ever made. LG 65-inch G4 OLED 4K TV The G4 is one of the most impressive OLED TVs we've tested, but its benefits over last year's more affordable G3 are subtle. Steven Cohen/Business InsiderThe LG G4 delivers high-end image quality that's a clear step above cheaper TVs.

Persons: It's, HLG, Steven Cohen, I'm, you'll, steadying, it's, webOS Organizations: Business, LG, Amazon, Walmart, Dolby, HLG Smart, Sony, Samsung, Google, Disney, Luna

☆ Ukraine just showed its low-cost, lightweight drones can destroy a Russian helicopter, Russian sources say
▼ + stars: | 2024-08-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Ukraine was reported this week by Russian sources to have destroyed an MI-8 helicopter with a drone. It would be the first known successful attempt by Kyiv's forces to attack Russian helicopters with drones. If true, it marks a tentative expansion to the growing list of combat functions that low-cost drones can bring. AdvertisementUkraine used one or several lightweight exploding drones to fell a Russian MI-8 helicopter in Donetsk this week, according to Russian military bloggers. A picture of a burning wreck in a field was shared on Wednesday by Russian military bloggers, who said the photo showed the remains of the MI-8 helicopter.

Persons: — Organizations: Service Locations: Ukraine, Russian, Donetsk

☆ Markets are clamoring for the Fed to start cutting soon: 'What is it they're looking for?'
▼ + stars: | 2024-08-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Federal Reserve Chairman Jerome Powell arrives to speak at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served. Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting Wednesday. The Fed needs to start that process back gradually to normal, which means gradually reducing interest rates." If the inflation job is done, or we're on that glide path, it's OK, the Fed can start stepping aside."

Persons: Jerome Powell, William McChesney Martin Jr, Claudia Sahm, Sahm Organizations: Federal Reserve, New Century Advisors, CNBC, Fed Locations: Washington , DC

☆ Here's why Amazon's messy second quarter doesn't change our outlook on the stock
▼ + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

With AWS humming and management identifying more ways to lower its cost to serve, Amazon's profitability story is still intact. Olsavsky said the profitability of North America stores improved quarter over quarter, driven by further improvements in its cost to serve. The company expects net sales of $154 billion to $158.5 billion, an increase of 8% to 11% year over year. The high end of guidance captures the consensus of $158.2 billion, but it's a miss on the analysts' consensus of $156.25 billion. Management expects operating income of $11.5 billion to $15 billion, which at a midpoint of $13.25 billion misses the consensus of $15.34 billion.

Persons: hasn't, Andy Jassy, Jassy, There's, Brian Olsavsky, Olsavsky, it's, Jim Cramer's, Jim Cramer, Jim, Michael Kappeler Organizations: Revenue, LSEG, Walmart, Target, Microsoft, Web Services, AWS, North, Amazon, Management, CNBC, Getty Locations: North America, Manhattan

☆ Who was freed in major prisoner swap between Russia and the West?
▼ + stars: | 2024-08-01 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +14 min

The German court that convicted Krasikov in 2021 said he acted on behalf of the Russian state, shooting Khangoshvili “execution style” in broad daylight. Vadim Konoshchenok, 48An undated photo of Vadim Konoshchenok included in a 2022 court document. He was arrested in February 2022, according to the Polish state news agency PAP. Lilia Chanysheva, 42Lilia Chanysheva stands is seen during a hearing at the Kirovskiy District Court in Ufa, Russia, on June 14, 2023. He was sentenced to four years in a penal colony in July 2022, according to Amnesty International.

Persons: Evan Gershkovich, Paul Whelan, Vadim Krasikov, Vadim Krasikov Berlin Police Krasikov, Krasikov, Zelimkhan, Khangoshvili, Ramzan Kadyrov, Putin, Viktor Bout, Whelan, Brittney, Biden, Alexey Navalny, Vadim Konoshchenok, Konoshchenok, Vladislav Klyushin, Klyushin, Roman Seleznev, US Department of Justice Roman Seleznev, Seleznev, Artem Dultsev, Ludvig Gish, Anna Dultseva, Dultsev, Maria Rosa Mayer Munos, Mikhail Mikushin, Pavel Rubtsov, Pablo Gonzalez, Oihana Goiriena, Vincent West, Pablo Gonzales, Natalia Kolesnikova, Kirill Kudryavtsev, US Marine Whelan, Gershkovich, Alsu Kurmasheva, Liberty Alsu Kurmasheva, Alexey Nasyrov, Kurmasheva, Vladimir Kara, Murza, Kara, Vladimir Putin’s “, ”, Rico Krieger, Krieger, Alexander Lukashenko, Kevin Lik, Lick, Dieter, Voronin, Ivan Safronov, Roscosmos, Demuri Voronin, Safronov, Herman Moyzhes, Moyzhes, Patrick Schoebel, Schoebel, Ilya Yashin, Yuri Kochetkov, ” Alexandra Skochilenko, Alexandra Skochilenko, Anton Vaganov, Skochilenko, “, ” Oleg Orlov, Oleg Orlov, Lilia Chanysheva, Chanysheva, Ksenia Fadeeva, Maxim Shemetov, Fadeeva, Vadim Ostanin, Alexei Navalny’s, Ostanin, Andrei Pivovarov, Pivovarov Organizations: CNN, Vadim Krasikov Berlin Police, Chechen, Russian, Krasikov, US Department of Justice, US, Office, Eastern, of, Attorney's, University of Tromsø, Reuters, Court, Getty, Street, US Marine, US State Department, Radio Free, Liberty, AP, Belarusian TV, Belteleradio, Human Rights, German Red Cross, TASS, German Federal Intelligence Service, Pulkovo, Ukraine, Amnesty International Locations: American, Russia, Moscow, Berlin’s Kleiner, Russian, Georgia, Estonia, of New York, Boston, Sion , Switzerland, United States, Maldives, Slovenia, Ljubljana, Norway, Brazilian, Nabarniz, Spain, Poland, Spanish, Sverdlovsk, AFP, Irish, Radio Free Europe, Kazan, Yekaterinburg, Ukraine, United Kingdom, Belarusian, German, Belarus, Berlin, Germany, Europe, St . Petersburg, St, Petersburg, Meshansky, Bucha, Kyiv, Saint Petersburg, Kirovskiy, Ufa, Bashkortostan, Tomsk, Krasnodar

☆ Here's everything you need to know about Friday's big jobs report
▼ + stars: | 2024-08-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring. Still, even if the Labor Department's nonfarm payrolls report for July, to be released Friday at 8:30 a.m. "You're seeing just modest on-the-margin weakness in the labor market that [isn't likely to] spiral out of control into a negative feedback loop." Citigroup projects an even lower number — 150,000 on payrolls and a tick higher in the unemployment rate to 4.2%. Should the unemployment rate keep climbing, it could raise fears that the so-called Sahm Rule is in danger of being triggered.

Persons: Hurricane Beryl, nonfarm, Mike Reynolds, Dow Jones, Goldman Sachs, Beryl Organizations: Amerant, Hurricane, Labor, Federal, department's Bureau of Labor Statistics, Citigroup Locations: Florida, Sunrise , Florida, The U.S, department's, Texas, Houston

☆ Stock market today: Indexes tank as data paints a negative picture for the economy
▼ + stars: | 2024-08-01 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

US stocks nosedived on Thursday after several discouraging economic data points. The ISM manufacturing index dropped from 48.5% in June to 46.8% in July, marking an eight-month low. Investors are pricing in a 100% chance of Fed rate cuts in September, according to the CME FedWatch tool. Meanwhile, new data shows ISM manufacturing slid further into contraction territory in July. Jensen Huang just got $12 billion richer in a single day as Nvidia's stock soared on Wednesday.

Persons: —, Jerome Powell, Jensen Huang Organizations: Service, Reuters

☆ Alev Kelter helped the US win its first medal in rugby. She prepared with protein, saunas, and vulnerable talks with her teammates.
▼ + stars: | 2024-07-31 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Alev Kelter helped her team win bronze in rugby sevens — the US's first Olympic medal in the sport. But that wasn't the case for Alev Kelter, an American rugby sevens player who scored on Tuesday to help Team USA win its first medal in the sport. She'd never even touched a rugby ball, but she thought ice hockey may have given her the right mentality for rugby. In 2016, just two years after picking up a rugby ball, Kelter was among the first rugby sevens players to compete in the Olympics. Sevens features seven-person teams playing seven-minute halves instead of the traditional 15-player teams playing 40-minute halves.

Persons: Alev Kelter, —, Kelter, she'd, She'd, hasn't Organizations: Olympic, Service, Team USA, Australia, Team USA's, Olympics, HSBC SVNS, Business, Training Locations: Paris, American, Alaska, Chula Vista , California

This picture taken on July 29, shows the Seine River in Paris, France. Sven Hoppe/picture alliance/Getty ImagesThe women’s and men’s Olympic triathlons will go ahead on Wednesday in the French capital, Paris 2024 organizers and World Triathlon announced. Poor water quality levels in the River Seine had led to the cancellation of numerous training swims and forced the postponement of the men’s triathlon, which was scheduled for Tuesday. About $1.5 billion (1.4 billion Euros) was spent trying to clean up the river ahead of the Games. Paris Mayor Anne Hidalgo swam in the river earlier this month to display her confidence in the river’s water quality.

Persons: Sven Hoppe, ”, Paris Mayor Anne Hidalgo Organizations: Triathlon, Games, Paris Mayor Locations: Paris, France, Seine

☆ Meta's AI claimed the Trump assassination attempt didn't happen. The company is blaming 'hallucinations.'
▼ + stars: | 2024-07-31 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The other involved Meta AI responses about the shooting, which in some instances inaccurately claimed the incident hadn't occurred at all. In the blog post for Meta, Kaplan denied the decisions had been made with bias. Kaplan said it is a "known issue" that chatbots like Meta AI can be unreliable when asked about breaking news or real-time events. Meta has updated its AI response on the topic, but Kaplan acknowledged, "We should have done this sooner." "These types of responses are referred to as hallucinations, which is an industry-wide issue we see across all generative AI systems, and is an ongoing challenge for how AI handles real-time events going forward.

Persons: —, Donald Trump, Trump, Joel Kaplan, Kaplan, Elon Musk, Mark Zuckerberg, he's Organizations: Service, Business, Trump, Meta, Big Tech

It’s been a year since interest rates reached a two-decade high, but they may soon begin to reverse course. The Federal Reserve is expected to hold its benchmark interest rate steady on Wednesday, while signaling that a cut is possible when policy-setting officials meet again in September. If interest rates are elevated for too long, they risk weakening the employment picture. The central bank uses interest rates to influence the broader economy. Home-equity lines of credit and adjustable-rate mortgages — which each carry variable interest rates — generally rise within two billing cycles after a change in the Fed’s rates.

Persons: It’s, ” Jonathan Smoke, that’s, Freddie Mac, ”, Sam Khater, —, “ Banks, Ken Tumin Organizations: Federal, “ Manufacturers, Cox Automotive, Treasury, Savings Vehicles Locations: Edmunds

☆ DNA analysis sheds light on how Neanderthals disappeared
▼ + stars: | 2024-07-31 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

The analysis, published July 12 in the journal Science, showed that the two groups exchanged DNA at multiple points over the past 250,000 years, shedding light on how Neanderthals disappeared and potentially rewriting the story of how and when our Homo sapiens ancestors left Africa. Genetic detective workDuring the two earlier waves of interbreeding, the Neanderthal population absorbed human genes and the offspring stayed within Neanderthal groups, according to the new study. Russian archeologists digging inside Denisova cave located in the the Altai mountains that's been home to Neanderthals, early modern humans and the Denisovans. A skull found in Qafzeh Israel is believed to have belonged to an early modern human. The researchers’ analysis suggests that the Neanderthal population size at the time was 20% smaller than previously thought.

Persons: ”, Joshua Akey, Sigler, ” Akey, Nobel, Svante Pääbo, Laurits Skov, wasn’t, Akey, “, Homo sapiens, Eddie Gerald, Alamy, Chris Stringer, “ I’ve, ” Stringer, De Agostini, Stringer Organizations: CNN, Lewis, Sigler Institute, Princeton University, University of California Locations: Africa, University of California Berkeley, Vindija, Croatia, Altai, East, Europe, London, Cave, Greece, Israel

☆ How Fed Rates Influence Mortgages, Credit Cards and More
▼ + stars: | 2024-07-31 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Interest rates influence our financial lives in numerous ways: Savers are now benefiting from higher-yielding bank accounts, while people carrying heavy revolving debt loads continue to be squeezed. It’s been a year since interest rates reached a two-decade high, but they may soon begin to reverse course. Now, Fed officials want to be sure prices remain under control while considering its second objective, which is to keep a strong job market. If interest rates are elevated for too long, they risk weakening the employment picture. The central bank uses interest rates to influence the broader economy.

Persons: It’s Organizations: Federal

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