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☆ Italy became the first Western country to ban ChatGPT. Here's what other countries are doing
▼ + stars: | 2023-04-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Stefani Reynolds | AFP | Getty ImagesItaly has become the first country in the West to ban ChatGPT, the popular artificial intelligence chatbot from U.S. startup OpenAI. watch nowVarious regulators are concerned by the challenges AI poses for job security, data privacy, and equality. "It's more, if you're using AI, these are the principles you should be thinking about," Holmes told CNBC. Ireland is typically the most active regulator when it comes to data privacy since most U.S. tech giants like Meta and Google have their offices there. The U.S. hasn't yet proposed any formal rules to bring oversight to AI technology.

☆ Syngenta IPO delay rekindles past China fears
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 28 (Reuters Breakingviews) - Syngenta’s bumpy relisting path in the People’s Republic brings back unpleasant investor memories. The Shanghai Stock Exchange had scheduled this week a hearing, one of the last steps before listing. The exchange’s rules vaguely mandate that any “major issue” affecting an IPO would justify the postponement. It’s unclear how long a drag this would cause, but Shenzhen VMAX New Energy had been on a similar boat: its IPO hearing was abruptly cancelled in January, only to be rescheduled two months later. Ant’s $37 billion Shanghai IPO was pulled in 2020 shortly before its shares were due to start trading.

☆ Can the U.S. See the Truth About China?
▼ + stars: | 2023-03-27 | by ( David Marchese | ) www.nytimes.com time to read: +14 min

Photo illustration by Bráulio Amado Talk Can the U.S. See the Truth About China? To see China solely as trying to displace the United States is only going to stoke more fears. The Chinese people believe that a substantially weakened Russia might not be in the interest of China, because if there were the sense that the United States needed to seek out an opponent, China would be next. And then also, the United States thinks that China wants to displace it. The industrial espionage stems from a lack of appreciation from the start of intellectual property, and the United States, by pushing China to do more intellectual-property protection, is actually good for China.

☆ TikTok commands the attention of 150 million American users. That's its best defense yet against Biden's threat of a ban.
▼ + stars: | 2023-03-21 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +3 min

TikTok officially has 150 million monthly active users in the US, the company says. The user figures come as TikTok CEO Shou Chew is set to testify in front of Congress on Thursday. It's still not to the threshold of Facebook, which logs 266 million monthly active users in the US, but it's not far behind. (Facebook parent Meta doesn't break out Instagram's monthly active users in the US.) That number also includes about 5 million businesses that use TikTok as a way to reach customers, he said in a TikTok video on Tuesday.

☆ Microsoft is the market's top software stock because OpenAI offerings like ChatGPT will juice profits over the next 5-plus years, Credit Suisse says
▼ + stars: | 2023-03-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Microsoft is the market's top software stock, thanks to its investment in ChatGPT, Credit Suisse said. That could add $40 billion in revenue and $2 in EPS over the next 5-plus years, analysts predicted. The expanded partnership spurred a steep rally in Microsoft stock last month, with the company's market capitalization jumping back to $2 trillion. Credit Suisse analysts predicted Microsoft could gain $40 billion in revenue and $2 in earnings per share over the next five-plus years. Microsoft poured $10 billion in its investment earlier this year, on top of an existing $1 billion.

☆ Here are the most overbought and oversold stocks on Wall Street right now
▼ + stars: | 2023-03-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Some of the most overbought and oversold stocks on Wall Street right now include Bank of America and a water treatment company. Meanwhile, a stock with a 14-day RSI lower than 30 is considered oversold, a signal of poor sentiment around the firm. According to a CNBC Pro screen of FactSet data, here are the 10 most overbought stocks in the S & P 500. Ecolab was among the most overbought stocks in the S & P 500. Other overbought names include Clorox Co . and Mosaic Co. We also screened for the most oversold stocks in the benchmark stock index.

Trumzz | Istock | Getty ImagesOver the past two years, millions of low-income U.S. households have received broadband internet at a discount through two consecutive government programs. "Millions could be left in the dark without broadband service for the very same reasons they didn't have it in the first place." The Emergency Broadband Benefit, or EBB, which was approved by then-President Donald Trump in late 2020 and launched in February 2021, provided a $50 subsidy. That's considered an accomplishment, said Ken Garnett, chief strategy officer at Cal.net, a small internet service provider that serves rural inland areas of California. As of January, about $6.1 billion of the funds had been claimed by broadband service providers as reimbursement for discounting their services and products.

Robin Li (or Li Yanhong in Chinese), founder, chairman and CEO of Baidu, introduces the new AI-powered digital assistant "Duer" during the 2015 Baidu Technology Innovation Conference on September 8, 2015 in Beijing, China. Shares of Baidu surged by more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot. The stock rose to $159.80 Hong Kong dollars per share, or 13.48% higher in Asia's morning trade. Google recently announced a similar service, Bard A. I.Ernie stands for "Enhanced Representation through Knowledge Integration," Baidu said, describing it as a "large language model" that was introduced in 2019. "What distinguishes ERNIE from other language models is its integration of extensive knowledge with massive data, resulting in exceptional understanding and generation capabilities," Baidu said.

☆ Insider's One Planet destination zeroes in on the innovations and actions taking on the climate crisis
▼ + stars: | 2023-01-18 | by ( ) www.businessinsider.com time to read: +4 min

The section will focus on how people can take action to address the climate crisis in their homes, businesses, and communities. Today, Insider is launching a new destination — One Planet — that draws inspiration from the messages of Climate Action 30. The project will also convene in-person and virtual events adjacent to the world's biggest global climate activations, such as COP28 and Climate Week NYC. Underpinning One Planet will be the spirit of entrepreneurship and the innovations and technologies that will unlock climate progress. Journalists from across Insider's global newsroom will contribute to One PlanetOne Planet will be led by editor Lily Katzman, who also edited the Climate Action 30 project.

☆ AbbVie to leave leading U.S. drug industry trade group
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

Dec 15 (Reuters) - AbbVie Inc (ABBV.N) is leaving Pharmaceutical Research and Manufacturers of America (PhRMA), the leading U.S. drug industry group said on Thursday. Politico, which first reported on AbbVie's exit, said the drugmaker was also leaving the industry group Biotechnology Innovation Organization as well as Business Roundtable, citing a person with knowledge of the matter. Reuters reported in August the pharmaceutical industry spent at least $142.6 million on lobbying Congress and federal agencies in the first half of 2022, more than any industry. AbbVie said it regularly evaluated its memberships with industry trade associations and decided not to renew with select trade associations, without naming the groups. "AbbVie has decided not to renew their membership with PhRMA in 2023.

☆ SIGN UP NOW — Insider At CES: How Emerging Technologies Influence the Future of Work
▼ + stars: | 2022-12-08 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

On January 5, 2023 at noon ET, Insider is hosting " Insider At CES: How Emerging Technologies Influence the Future of Work ," a free virtual event featuring speakers from Verizon and Okta. ," a free virtual event featuring speakers from Verizon and Okta. Click here to register for this free virtual event. This Insider event surrounding CES 2023, "Insider At CES: How Emerging Technologies Influence the Future of Work," presented by Lenovo in partnership with Verizon, includes live conversations with an Insider reporter and technology innovation leaders. The panel will examine how technology enables the future of work in a safe and collaborative way.

☆ New York City wants to hire a ‘rat czar’—and could pay them $170,000 per year
▼ + stars: | 2022-12-02 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

New York City is hiring a leader to fight against residents' common enemy: rats. New York is the country's "second-rattiest" city, according to pest control company Orkin's most recent annual rankings. One performance actor, Jonothon Lyons, patrols the city's subway stations and park trash cans wearing a latex rat head. On Thursday, he tweeted an article about the position, writing: "If you have the drive, determination, and killer instinct needed to fight New York City's relentless rat population — then your dream job awaits." In October, the New York Sanitation Department announced that New Yorkers will be fined for putting trash on the curb before 8 p.m. starting in April 2023.

☆ Help wanted: New York City seeks 'badass' rat czar
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

Rat sightings on the streets, in subways and even homes have jumped 71% over in the past two years, according to the city's sanitation department. "There’s NOTHING I hate more than rats," Mayor Eric Adams said in a tweet on Thursday in announcing the job posting. "If you have the drive, determination, and killer instinct needed to fight New York City’s relentless rat population - then your dream job awaits." The trash has encouraged the explosive growth of the city's rat population. Urban legend says there is one rat for each of New York City's 8.8 million residents.

☆ A Microsoft Leader’s COP27 Takeaway: It’s Time for Companies to Get Things Done
▼ + stars: | 2022-12-01 | by ( Dieter Holger | ) www.wsj.com time to read: +9 min

Microsoft Corp. President Brad Smith says there are plenty of emerging opportunities for business leaders to take climate action. The executive who has helped spearhead the tech giant’s sustainability efforts says companies need to step up and do their part. I thought some of the European companies were present but not with senior leadership, not with as many senior leaders as a year ago. But I think if you look over the next 30 years, companies are going to locate manufacturing where there is green energy. It really does serve the world well and our individual companies well if we can standardize some aspects of this.

☆ New York City seeks a 'bloodthirsty' rat czar: Ad for director of rodent mitigation job to fight serious, gnawing problem is ... actually pretty funny
▼ + stars: | 2022-12-01 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

New York City is hiring a "director of rodent mitigation" for a salary of between $120,000 and $170,000. Rat sightings are up 71% this year from 2020, according to data from the NYC Department of Sanitation. A rat is seen by a trash bin in New York City on October 19, 2022. Lokman Vural Elibol/Anadolu Agency via Getty ImagesWhile New York City has long been synonymous with rats, sightings have skyrocketed. Sanitation Commissioner Jessica Tisch made an anti-rat statement in November that went viral, and became the subject of countless memes, New York City marathon signs — and now a shirt.

☆ How fuel cells could power the transition to a greener digital infrastructure industry
▼ + stars: | 2022-11-14 | by ( Sponsor Post | Created Vertiv With Insider Studios | ) www.businessinsider.com time to read: +6 min

The data center industry is booming and eager for land, which can push up property prices in residential areas. The partnership aims to develop a proof-of-concept for how low-carbon fuel cells can provide green power for data centers. Fuel cells are recognized as a cleaner and quieter power solution that can reduce the strain on urban power grids. Fuel cells can help reduce the data center industry's reliance on natural gas and diesel-powered generators, he added. In the webinar, Summers emphasized how important it is that any solution for low-carbon fuel cells turns into an "open standard."

☆ Indonesia plans to tighten oversight of crypto market, task OJK with regulation
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, Nov 10 (Reuters) - Indonesia plans to move the regulation, supervision and oversight of cryptocurrency investments to the Financial Service Authority (OJK) to better protect investors, its finance minister said on Thursday. The new plan, laid out by Finance Minister Sri Mulyani Indrawati, is part of financial sector legislation that is being debated in parliament. Sri Mulyani said as of June, there were 15.1 million cryptocurrency investors in the country, an exponential rise from just 4 million in 2020. That compared with 9.1 million investors in the stock market as of June. The new bill would empower OJK to regulate and supervise "digital asset activities, including crypto assets and financial sector technology innovation," Sri Mulyani added.

☆ India and climate change: Can Modi deliver what the world needs?
▼ + stars: | 2022-11-07 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +10 min

By 2030, Modi wants half of India’s energy to come from renewables. The state is fast becoming a hotbed of solar energy, yet is also home to at least seven coal-fired power plants. “Even during Covid it hasn’t stopped.”At COP26, Modi outlined a series of targets for India’s efforts to combat climate change. It’s also a question of funding – investing in renewable energy and other climate change mitigation efforts is expensive. And your other burning questions answered 03:37 - Source: CNNIf India doesn’t receive the financial support it needs, maintaining its pace on developing renewable energy will be difficult.

☆ China pledges high-tech support for climate, environmental problems
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Nov 2 (Reuters) - China will seek high-tech solutions to resolve its complex environmental challenges and make use of innovations in big data, biotech and artificial intelligence to tackle pollution, habitat loss and climate change, it said on Wednesday. The system will be backed by tax incentives and new "green technology banks", and China will also encourage enterprises and financial institutions to provide more support to innovative green technologies, the plan said. China has cut CO2 emissions per unit of economic growth by a third in the last decade, but overall volumes continue to rise. It promised more research to support large-scale demonstration projects and the use of aquifers and oil-bearing formations to contain sequestered CO2. The government will also support research into "deep decarbonisation technologies" in a variety of industrial sectors, including steel, cement, thermal power and agriculture, it said.

☆ The major space players and diverging strategies in the race to connect your smartphone via satellites
▼ + stars: | 2022-10-23 | by ( Michael Sheetz | ) www.cnbc.com time to read: +6 min

It's long been a dream of satellite communications visionaries, but bulky, specialized and typically expensive satellite phones fell short of mass appeal. While SpaceX has launched more than 3,000 first generation satellites so far, adding a direct-to-phone service will require thousands more. Private venture Lynk Global likewise aims to provide a cell tower in space from satellites, with plans for a constellation of several thousand in a few years. And while some build out satellite networks, other major players are eyeing Earth-bound innovations, with systems dependent on a specialized antenna in phones. In partnership with Globalstar , the feature allows users to send compressed text messages from iPhone 14s via satellites.

☆ Yellen says chips, research investments will boost U.S. economic capacity
▼ + stars: | 2022-10-21 | by ( David Lawder | ) www.reuters.com time to read: +2 min

HERNDON, Va., Oct 21 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that domestic investments in semiconductors and research would help reverse a longstanding innovation deficit and increase the productive capacity of the U.S. economy. Yellen, speaking at a business incubator in the Washington, D.C. area's Dulles technology corridor, said that the U.S. lead in technology innovation has increasingly come under threat from China and other competitors. "Our government's failure to invest in innovation has had wide-ranging impacts on our long-term economic well-being. Mobilizing capital toward semiconductors and clean energy, through a recently enacted climate and drugs package and boosting research and development will raise the U.S. economy's aggregate production capacity. "And in turn, we are raising America's long-term economic outlook," Yellen said.

☆ Xi's call to win tech race points to new wave of Chinese state-led spending
▼ + stars: | 2022-10-17 | by ( Josh Horwitz | ) www.reuters.com time to read: +4 min

The term "technology" was referred to 40 times, up from 17 times in the report from the 2017 congress. Iris Pang, chief economist for Greater China at ING, said Xi's remarks addressed "the urgent need for talent and promoting self-sufficiency in technological advancement". "As such research spending on semiconductor technology should increase. On Monday, shares in Chinese information technology companies (.CSIINT) rose more than 1%, while semiconductor stocks (.CSIH30184) rose 0.7%. Venture capital (VC) has been allowed to invest in Chinese chip companies, with such firms receiving over $30 billion in VC cash between 2020-2021, according to Chinese investment research firm CVInfo.

☆ There's renewed hope in the possibility that global central banks are nearing the end of their rate hike cycle. Here's how that's driving markets.
▼ + stars: | 2022-10-05 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +6 min

Central bank moves and softer economic data have investors hoping that the Fed and other central banks are almost done hiking interest rates. There's some renewed hope for a Fed pivot on the horizon. Australia's central bank surprised forecasters by raising interest rates by a less-than-expected 25 basis points, becoming the first central bank to abandon its path of jumbo rate hikes. Fewer job openings mean employers aren't compelled to offer more competitive wages. Number of job openings Chart: Andy Kiersz and Madison Hoff Source: Bureau of Labor Statistics via FRED10.

☆ Inflation Reduction Act's expanded biofuel incentives raise concerns about fraud
▼ + stars: | 2022-09-23 | by ( Scott Cohn | ) www.cnbc.com time to read: +6 min

watch nowThe Inflation Reduction Act signed into law by President Joe Biden in August includes historic investments to combat climate change. It may also open new avenues for fraud by expanding a program that has given federal authorities fits for years. That allowed them to rake in millions of dollars in incentives, even though they were producing very little fuel. Reining in fraudThe EPA says it has continued to beef up its enforcement as it learns more about implementing the program — and as incentives expand under the Inflation Reduction Act. "So, you're just spending money to take advantage of the Inflation Reduction Act."

☆ Ford Supply-Chain Leadership Overhaul Reflects EV Ramp Up
▼ + stars: | 2022-09-22 | by ( Liz Young | Kristin Broughton | ) www.wsj.com time to read: +4 min

Ford Motor Co.’s moves to overhaul its supply-chain leadership reflect the increasingly crucial role technology is playing as the development of electric vehicles is transforming the way cars are produced. Ford said the company is seeking to align operations from sourcing and assembly to distribution with a goal of transitioning to EVs. Ford also plans to name its first chief supply-chain officer. It had sold more than 36,500 electric vehicles year-to-date through August. Ford has been working on building closer ties with its suppliers for years, but pandemic-related supply-chain snarls have made it a more urgent priority, the company spokesman said.

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