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The investor pitch claimed GM had already committed to an investment, along with the Menlo Park-based VC firm Tribe Capital. "GM agreed to let us collect the ground truth data in their factories," Foundation said in the document. "GM has never invested in Foundation Robotics and has no plans to do so," spokesman Darryll Harrison said in an emailed statement. The contents of the document were confirmed by someone with direct knowledge of Tribe Capital. Tribe Capital and its cofounder Sethi declined to comment, while Pathak didn't respond to messages seeking comment.

Persons: General Motors —, Darryll Harrison, cofounders, Mike LeBlanc, LeBlanc, Sankaet Pathak, Arjun Sethi, Sethi, Pathak Organizations: Synapse, General Motors, Robotics Labs, CNBC, GM, Menlo, Tribe, Foundation, Foundation Robotics, Robotics, New Foundation Foundation, Cobalt Robotics, McKinsey, Tribe Capital Locations: Mexico

☆ Where’s inflation really heading? Traders and economists are using this real-time inflation gauge to get ahead of the curve
▼ + stars: | 2024-06-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

The inflation rate the government arrives at also impacts how much you receive in Social Security benefits and likely is a factor in determining your pay. The government also has a much longer history of producing inflation reports with extremely thorough standards. Like PCE and CPI, Truflation assigns relative importance values to categories to mirror how an average consumer’s income is allocated. That’s why small increases in the cost of housing can end up having big impacts on the overall inflation rate. How Truflation data is being usedWall Street traders were the first group drawn to Truflation, Rust said.

Persons: Truflation, Hilton, Stefan Rust, Rust, “, ” Danielle DiMartino Booth, Richard Fisher, Booth Organizations: New, New York CNN, Index, Federal, Social Security, PCE, CPI, Amazon, Walmart, Nielsen, Bureau of Labor Statistics, Labor Department, CNN, Dallas Fed, QI Research Locations: New York, Zillow

☆ Sotheby’s, Fanatics team up to offer rare sports trading card auctions
▼ + stars: | 2024-06-11 | by ( Ian Thomas | ) www.cnbc.com time to read: +1 min

Fanatics wants to expand the sports trading card industry. Now it's aiming to meet high-end collectors through a new partnership with Sotheby's that will create a collection of auctions for trading cards valued at more than $100,000. Fanatics has quickly moved into the trading card space, acquiring Topps in 2022 and signing several exclusive card licensing deals across professional leagues, including the NBA, NFL and MLB. "It's also an opportunity to really elevate sports trading cards, and create these moments with some of the most important and prestigious cards." Sotheby's has increasingly leaned into sports, something that Brahm Wachter, Sotheby's head of Modern Collectables, said is one of the auction house's fastest-growing categories.

Persons: Sotheby's, Jackie Robinson, Nick Bell, Collect, It's, Muhammad Ali's Organizations: Topps, NBA, NFL, MLB, Kobe Bryant Los Angeles Lakers Locations: New York, Manila

☆ Powerball: New Year’s Day $842 million jackpot winner was just announced in Michigan
▼ + stars: | 2024-06-11 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +2 min

CNN —The second-largest lottery prize ever won in Michigan has just been claimed after a New Year’s Day drawing – solving a six-month mystery. The Michigan Lottery announced a group called The Breakfast Club as the winner of an $842 million Powerball jackpot. An attorney representing the lottery club spoke on their behalf but didn’t say how many members are part of the group. “The club members have felt many emotions since realizing their ticket was the one,” the group’s attorney said. The Breakfast Club members are recipients of the sixth-largest Powerball prize ever won.

Persons: “ They’ve, They’ve, “, ” Organizations: CNN, Michigan Lottery, ” Group, Breakfast Locations: Michigan, Grand Blanc

☆ Apple execs explain why its AI is different from competitors
▼ + stars: | 2024-06-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Nic Coury | AFP | Getty ImagesApple fully embraced artificial intelligence on Monday, as company executives explained the features and reasoning behind Apple Intelligence, the company's new AI software suite. Much of the AI development that has captured investor and technological interest has focused on building or securing ever-more powerful supercomputers equipped with Nvidia chips to develop even more power-hungry AI models. Apple's AI is mostly on your deviceApple Intelligence unveiled during Apple's WWDC2024 in Cupertino, Calif. on June 10th. Apple executives don't refer to this strategy as using one or multiple models, just "Apple Intelligence." Apple's AI can summarize and rewrite documents, generate small images, and translate conversations in real-time.

Persons: Tim Cook, John Giannandrea, Craig Federighi, Nic Coury, Apple, Federighi, Siri, Giannandrea, We're, we're, Apple's Organizations: Developers, AFP, Getty, Apple, Apple Intelligence, Microsoft, Google, Software, Nvidia, Apple Inc Locations: Cupertino , California, Cupertino , Calif

☆ Nova: ‘New star’ will appear in the night sky after stellar explosion
▼ + stars: | 2024-06-11 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

While a supernova is the explosive death of a massive star, a nova refers to the sudden, brief explosion from a collapsed star known as a white dwarf. The dwarf star remains intact, releasing material in a repetitive cycle that can occur for thousands of years. “It’s incredibly exciting to have this front-row seat.”T Coronae Borealis, otherwise known as the “Blaze Star,” is a binary system in the Corona Borealis that includes a dead white dwarf star and an aging red giant star. The red giant becomes increasingly unstable over time as it heats up, casting off its outer layers that land as matter on the white dwarf star. Cooke recalled that the last nova he witnessed — Nova Cygni in 1975 — had a similar brightness to what is expected from T Coronae Borealis.

Persons: “ It’s, ”, Rebekah Hounsell, ” Hounsell, “, Burchard, William J, Cooke, Vega, skywatchers, Elizabeth Hays, ” Hays, they’ll, Hounsell, ” Cooke, —, Koji Mukai Organizations: CNN —, NASA, Goddard Space Flight, “ Blaze, Blaze Star, Coronae, Polaris, North Star, Northern Hemisphere, Northern Crown, Northern, Corona, NASA Goddard, “ Citizen, ” Locations: Greenbelt , Maryland, Ursberg, Germany

☆ Collectible toy market: This vintage action figure set a record at auction
▼ + stars: | 2024-06-10 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +11 min

The Rocket-Firing Boba Fett action figure, modeled after the “Star Wars” bounty hunter, was purchased in Dallas by an anonymous buyer for $525,000, Heritage Auctions announced last Monday. Dolls are for girls, action figures are for boysUnlike fine art or sports memorabilia, the collectible action figure market is only a handful of decades old because action figures have only been around since the mid-1960s. “The first action figure was G.I. He recounted how Hasbro executive Don Levine coined the term “action figure” as a marketing tool, because “we can’t call these dolls. Caravoulias recalls laying in bed as a kid in 1985 and wishing he could buy a $5 Rambo II action figure.

Persons: Boba, Barbie, ”, Justin Caravoulias, Joe, Boba Fett, Fett, Kenner, Brian Rachfal, “, Don Levine, ’, “ Nobody, Caravoulias, Price, Tom Derby, Darth Vader, It’s, Rambo, Rachfal, —, Paul Arnold, Arnold, Gary C, Knapp, they’re, ” Caravoulias, Circana, ” “ Barbie, ” James Zahn Organizations: New, New York CNN, “, Heritage Auctions, Heritage, Kenner, Hasbro, CNN, Derby, ‘ Power Rangers Locations: New York, United States, Dallas, American, Virginia Beach, Va

☆ Student-loan borrowers enrolled in Biden's new repayment plan may have gotten a win after a federal judge ruled only 3 states 'just barely' have standing to challenge the plan
▼ + stars: | 2024-06-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewStudent-loan borrowers enrolled in President Joe Biden's new repayment plan may have just gotten some relief from legal challenges. Crabtree wrote that the three states' standing is "weaker than the one that prevailed" at the Supreme Court. Crabtree explained how this case is different from Biden v. Nebraska, the case brought before the Supreme Court. In the case to block SAVE, the states are not arguing they would lose money from servicing loans. It's also in the process of implementing a broader student-loan forgiveness plan to replace the one the Supreme Court struck down, which is also likely to result in lawsuits.

Persons: —, Joe Biden's, Daniel Crabtree, they'd, Crabtree, They're, Cato, It's Organizations: Service, Business, Kansas, Supreme, Public, Biden, . Nebraska, New Civil Liberties Alliance, Mackinac Center for Public, Sixth Circuit, Education Department Locations: Kansas, — South Carolina , Texas, Alaska, .

☆ Tesla clears another hurdle to launching full self-driving in China
▼ + stars: | 2024-06-10 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Tesla is one step closer to launching full-self driving (FSD) technology in China after it clinched an agreement with Baidu to upgrade its mapping software. The Chinese tech giant said Saturday that it was providing lane-level navigation services for Tesla cars. China’s answer to Google has been been providing mapping services to Tesla since 2020. It could also accelerate Tesla’s global development of its self-driving technology, as data from China could be used to train Tesla’s algorithms needed for fully autonomous vehicles. “Tesla’s (own) navigation system can finally be used.”Introducing the FSD system could provide a revenue boost to Tesla, which is having a tough time in China.

Persons: Hong Kong CNN — Tesla, Elon Musk’s, ” Baidu, Tesla, ”, Elon Musk, ” Tesla, “ Organizations: Hong Kong CNN, Baidu, “, Google, ” CNN, CNN, Weibo, Tesla Locations: China, Hong Kong

☆ A seasoned real estate investor who's shifting his investment philosophy to be more mission-based explains how any investor can give back while still profiting: 'It doesn't have to be a zero-sum game'
▼ + stars: | 2024-06-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

With the newfound time, "I've thrown myself back into the real estate company," the early retiree told Business Insider. He understands the importance of cash flow but is also convinced that investors at earlier stages in their careers can give back to their communities while also turning a profit. "It's all just percentages: You don't have to give out 90% of your units for affordable housing, but you can do one. He purchased his first affordable housing unit — a single-family home in Fairfield, Alabama that he'll rent on a long-term basis to a Section 8 tenant — in 2023. AdvertisementIt won't cash flow as much as his Airbnb properties, he said, but it allows him to diversify his portfolio.

Persons: Matt, I've, wasn't, Kent, —, That's, haven't Organizations: Service, Business, Government Locations: New Hampshire, Diego, Fairfield , Alabama

☆ An options strategy on Oracle ahead of earnings that generates income
▼ + stars: | 2024-06-07 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Oracle (ORCL) , one of the top three largest U.S. based software companies, report earnings next week on June 11. I want to utilize an options strategy to create income and capitalize on ORCL moving higher. Per YCharts, the S & P Semiconductors and Semiconductor Equipment index has soared 57% this year, while the S & P Software and Services index is up just 2.2%. ORCL .SPX YTD mountain Oracle vs. the S & P 500 YTD Technically, Oracle is revealing strength as it sits above both its 50-day and 200-day moving averages. DISCLOSURES: (Long Oracle and this options spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Per Organizations: Oracle, U.S, Semiconductors, P Software, Labor, & $

☆ Signs are pointing to a Nike rebound. How to play it using options
▼ + stars: | 2024-06-05 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

Nike (NKE) is underperforming the market and its sector since mid 2021. With valuations near its historical lows and the potential for China growth to rebound, it is time for investors to start paying attention to Nike again. The trade Options on NKE are expensive now with implied volatility on the higher end of the range. DISCLOSURES: (Long Nike) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NKE, I'm Organizations: Nike Locations: China

☆ With Big Tech’s runaway 2024, it just might be time to part with a few winners. Here's why
▼ + stars: | 2024-06-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Those highly appreciated positions can change the risk profile of your portfolio, particularly if it's been a long time since you last rebalanced. Managing the tax hit Trimming heavily appreciated positions in a portfolio that's held in a taxable account may come with a capital gains hit. One potential way to mitigate the tax is to use realized losses to offset those capital gains. In a year when losses exceed capital gains, investors can apply up to $3,000 of those losses to offset ordinary income and then carry over the remainder. Normally, these holdings would be the ones subject to the heftiest capital gains taxes if they were sold.

Persons: Blair duQuesnay, it's, Morningstar, Amy Arnott, Arnott, Roger Aliaga, Diaz, We've, Aliaga, Russell Organizations: Nvidia, Ritholtz Wealth Management, CNBC's, Vanguard, Investors, Federal Reserve, Bond Market, SEC, Aggregate Bond, U.S, Taxpayers Locations: New Orleans

☆ It's time to take your cash out of CDs and money market funds as the Fed gets ready to cut rates, says a chief strategist at a $1.4 trillion firm. Here are 3 ways to earn attractive returns for years
▼ + stars: | 2024-06-05 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The last year and a half has been the best period in more than 20 years to be sitting in cash. Related stories"We know those attractive cash rates aren't going to last forever. Just as the aggressive rate hiking cycle took Treasury yields higher, interest rate cuts will eventually take all cash rates lower as well," Gillum said. And third, investors can build a bond ladder, meaning they stagger their money in different bond durations. "Bonds offer an optionality that you don't get from cash.

Persons: Lawrence Gillum, Gillum, there's Organizations: Service, Federal Reserve, LPL, Business, Bloomberg, Aggregate Bond, BNY Mellon, Schwab U.S, Fed

☆ Meta's AI chatbot says it was trained on millions of YouTube videos. Meta didn't deny it but said the bot could be inaccurate.
▼ + stars: | 2024-06-04 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Read previewThe Meta AI chatbot is more willing to share what data it was trained on than Meta is. It expanded Meta AI in April as a chat and image generator function across all its apps, including Instagram and WhatsApp. Meta AI told Business Insider that it was trained on large datasets of transcriptions from YouTube videos. Meta AI initially said its training data included a third-party dataset of 3.7 million transcribed YouTube videos. In responding to further queries about its YouTube training data, Meta AI said its training data included another, larger dataset of transcriptions from 6 million YouTube videos also compiled by a third party.

Persons: —, hasn't, Meta, OpenAI, Meta AI's, We'll, Meta's chatbot, Google's GoogleBot, Kali Hays Organizations: Service, Meta, Facebook, Business, TED, YouTube, NBC News, CNN, Financial Times, US Locations: khays@businessinsider.com

☆ I'm self-employed, and I've found 6 essential ways to invest in my business
▼ + stars: | 2024-06-04 | by ( Aleenah Ansari | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRunning a freelance writing business has brought many learning curves, and one of my biggest realizations is the importance of investing in myself. After three years of running my business, I have six tools that have been the most valuable. The Libby app for reading and learning on the goEqually important to being a good writer is reading good writing.

Persons: —, I've, it's, haven't, Libby, Rachel Rodgers, Elaine Welteroth, Amanda Montell Organizations: Service, Business, Quickbooks

☆ A single dad who started reselling phones after losing his job and is now financially independent explains how to start an eBay business in 3 steps with zero upfront capital
▼ + stars: | 2024-06-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Read previewWhen Richard S. started selling electronics on eBay in 2008, he didn't have much cash. Advertisement"I started buying T-Mobile Sidekicks on Craigslist for 35, selling them on eBay for 70, and I was doing that like a madman. Selling on eBay looks a lot different today than it did when Richard started in 2008. Thanks to smartphones, you can look up what an item is selling for on eBay before you source it. If you found an item for $5 at a thrift store but it's selling on eBay for $4, pass.

Persons: —, Richard S, iPhones, Richard, he's, It's Organizations: Service, eBay, Craigslist, Business, Mobile Sidekicks, BI, Buffalo Bills, Salvation Army

☆ Don’t drink before your nap on the plane. It could hurt you now and later
▼ + stars: | 2024-06-03 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

CNN —The “fasten seat belt” sign is off, and the time for a nap on your flight is on. On the nights with alcohol, researchers saw a lowered amount of oxygen and an increased heart rate, the study showed. Alcohol gets you sleep — but not good sleepThe study authors didn’t just collect data on heart strain. Alcohol may help you get to sleep, but the quality isn’t as good as sleep while sober, he said. “Many people have witnessed when people drink heavily, their snoring and the sleep apnea is much more severe,” Freeman said.

Persons: ”, Eva, Maria Elmenhorst, Andrew Freeman, didn’t, —, Freeman, ” Freeman, Shalini Paruthi, Paruthi, “ I’ve, “, Shalini Organizations: CNN, DLR Institute of Aerospace Medicine, Jewish Health, Alcohol, Saint Louis University School of Medicine, American Academy of Sleep, Foods Locations: Cologne, Germany, Denver

Opinion Guest Essay Why the Pandemic Probably Started in a Lab, in 5 Key Points Illustration by Mike McQuade. Here’s what we now know:1 The SARS-like virus that caused the pandemic emerged in Wuhan, the city where the world’s foremost research lab for SARS-like viruses is located. Wuhan China Taiwan Laos South China Sea Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. Wuhan China East China Sea india Taiwan Myanmar Laos South China Sea philippines Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. In the United States, virologists generally use stricter Biosafety Level 3 protocols when working with SARS-like viruses.

Persons: Mike McQuade, Anthony Fauci, —, Shi Zhengli, Shi’s, Sarah Temmam et, Shi, coronavirus, EcoHealth, Peter Daszak, Biden, Daszak, Baric, Jesse Bloom, Fauci Organizations: Getty Images, National Institute of Allergy, Wuhan Institute of Virology, China East China, U.S, New York, Facebook Locations: United States, Wuhan, China, Yunnan, Southeast Asia, Laos, Yunnan province Taiwan Laos, Laos South China, Thailand, China East China, Taiwan Myanmar Laos South China, Laos philippines Thailand, Taiwan Laos South China, China East, philippines Thailand, Wuhan China Taiwan Laos South China, Wuhan China East China, China Wuhan East China, Covid, MERS

☆ Khosla Ventures backs weather balloon startup that uses AI to upend forecasts
▼ + stars: | 2024-06-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Windborne uses a new type of weather balloon, for example. Windborne's balloons can fly for weeks, as opposed to today's government-launched weather balloons which stay aloft for just a few hours and can't reach remote locations. The world currently lacks weather data for 85% of the atmosphere, according to the World Meteorological Organization (WMO). Windborne just closed a $15 million round with lead investor Khosla Ventures. In addition to Khosla Ventures, Windborne is backed by Footwork VC, Pear VC, Convective Capital, Ubiquity Ventures and Susa Ventures.

Persons: John Dean, Dean, Sven Strohband, Windborne Organizations: National Oceanic, Atmospheric Administration, Investors, Google, World Meteorological Organization, Khosla Ventures, Weather Company, Economic, Windborne, Susa Ventures Locations: California, Susa

☆ China says Britain's MI6 turned two Chinese government staff to spies
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

A Chinese flag in Pudong's Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. China has alleged that the British Secret Intelligence Service MI6 turned two staff members of unnamed Chinese central state organs into spies for the British government, its State Security Ministry said in a statement on Monday. The ministry said the case against the two spies, a married couple, is under further investigation. In January, China revealed an espionage case in which it said MI6 used a foreigner in China to collect secrets and information. Britain in April charged two people with providing prejudicial information to China and last month charged three people with assisting Hong Kong's foreign intelligence service in Britain.

Persons: Hong Organizations: British Secret Intelligence Service, State Security Ministry Locations: Lujiazui, Shanghai, China, Britain

☆ Ancient crystals reveal the earliest evidence of fresh water, scientists say
▼ + stars: | 2024-06-03 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

We have discovered the earliest evidence of fresh water and representative evidence for dry land above the sea,” he added. The research indicates that the Earth’s water cycle — when water moves between land, oceans and atmosphere through evaporation and precipitation — was operating at that point in time. The earliest widely agreed upon evidence of life — and fresh water — comes from stromatolites, fossilized microbes that formed mounds in hot springs 3.5 billion years ago, Gamaleldien said. Two zircon crystals showed isotopic evidence of meteoric or fresh water; one was 4 billion years old, while the other was 3.4 billion years old, he said. What’s more, land and fresh water, which likely would have fallen as rain, would have provided the essential ingredients for the origin of life, he said.

Persons: ”, Hamed Gamaleldien, ” Gamaleldien, Gamaleldien, … landmasses, Hugo Olierook, Hamed, “, John Valley, Geochemist Beth Ann Bell, wasn’t, ” Bell Organizations: CNN, Nature, “, Curtin University’s School of, Planetary Sciences, Khalifa University, United Arab, Curtin’s School of, geoscience, University of Wisconsin Locations: Australia, United Arab Emirates, Western Australia, Jack, John, Madison

☆ 80 years after D-Day, a dedicated team works to bring missing airmen home
▼ + stars: | 2024-06-02 | by ( Jaide Timm-Garcia | Isabel Rosales | ) edition.cnn.com time to read: +14 min

A crash site rediscoveredIn 2016, the agency received a tip the crash site had been rediscovered on farmland in Normandy. D-Day was 80 years ago and the remains of missing service members continue to be uncovered. The results are then compared to a DNA sample from the missing service member’s medical file. In 2009, Stouffer heard about other missing service members being accounted for and reached out to the agency to offer his DNA samples for analysis. Defense Visual Information Distribution ServicePhotos of the three missing airmen were stationed at the dig site, providing what the team calls intrinsic motivation along their search.

Persons: Jake Tapper, “, William Donohue, David Madson, Albert Brooks, SSgt David Madson, Eric Klinek, Franklin D, Roosevelt, Klinek, ”, Donohue, Madson, Brooks, Major McKinley McCanless, Samuel Williams Jr, ” Capt, Brian Foxworth, ” Foxworth, ” Crews, Foxworth, Sergeant Raul Castillo, Castillo, Carrie Brown, you’re, ” Brown, Brown, “ You’ve, Paul Stouffer, William McGowan, McGowan, Stouffer, ” Stouffer Organizations: CNN, Chief Washington, Democracy, Airborne, Defense POW, Agency, Department of Defense, 304th Troop Carrier Squadron, 442nd Troop Carrier Group, 50th Troop Carrier, Waco Army Airfield, Army Air Forces, Allied Forces, 101st, Information Distribution Service Paratroopers, DC, Utah, United Kingdom . Defense, Information, Offutt Air Force Base, Armed Forces Medical, Dover Air Force Base, Registration, United States Military, Air Force Locations: Normandy, France, Europe, German, Nazi Germany, England, United Kingdom, Nebraska, Delaware, U.S

☆ China, Xi Jinping's Plan for AI Will Wreak Havoc on the World Economy
▼ + stars: | 2024-06-02 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.

Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, —, Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang

☆ A Chinese spacecraft lands on moon’s far side to collect rocks in growing space rivalry with U.S.
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: +1 min

A Chinese spacecraft landed on the far side of the moon Sunday to collect soil and rock samples that could provide insights into differences between the less-explored region and the better-known near side. The landing module touched down at 6:23 a.m. Beijing time in a huge crater known as the South Pole-Aitken Basin, the China National Space Administration said. The mission is the sixth in the Chang'e moon exploration program, which is named after a Chinese moon goddess. It is the second designed to bring back samples, following the Chang'e 5, which did so from the near side in 2020. The moon program is part of a growing rivalry with the U.S. — still the leader in space exploration — and others, including Japan and India.

Persons: — Organizations: China National Space Administration, U.S, NASA Locations: Beijing, Aitken, China, Japan, India, United States, America

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