DIRS.INFO The most relevant business & tech news

☆ How Maersk grew its shipping empire and how it’s evolving
▼ + stars: | 2024-03-30 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Each year about 90% of world trade is transported by ship, according to the World Economic Forum. With its fleet of over 670 vessels, Maersk , one of the world's largest shipping companies, transports about one in five of those containers. The company logged record profits in 2022 due in part to pandemic-induced buying and higher freight rates. It also chartered the vessel that crashed into the Francis Scott Key Bridge in Baltimore earlier this week. CNBC examines the issues facing Maersk, and its rivals Hapag-Lloyd and MSC, and looks at how the company is trying to transition for future growth.

Persons: Francis Scott Key Organizations: Economic, International Longshoremen's Association, CNBC, Maersk, Hapag, Lloyd, MSC Locations: Panama, North America, Baltimore

☆ Americans have between 4 and 6 hours of leisure time daily. We just have no idea how to use it.
▼ + stars: | 2024-03-26 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +11 min

AdvertisementDespite class differences, 95% of Americans over the age of 15 engaged in some kind of leisure activity on a typical day, according to the 2022 time-use survey. But the vast majority of Americans' leisure time is spent — you guessed it — in front of the television. Watching TV is the most popular leisure activity, accounting for an average of 2.8 hours a day — more than half of all Americans' leisure time. Americans' spend more time watching TV than any other leisure activity. AlavinphotoSexism and the safety netThere is also a gendered element at play when it comes to Americans' leisure time.

Persons: —, It's, I'm, Brigid Schulte, Liana Sayer, Sayer, Sayers, Schulte, Ciara Kelly, Kelly, We're Organizations: Service, Netflix, Business, Bravo, University of Maryland's, Organization for Economic Co, Development, World Economic, US, The University of Sheffield Locations: America, France, Finland, Belgium, Italy, Germany, Spain, Japan, UK

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy shipping containers can fuel inflationContainer shipping is responsible for moving 90% of the world's goods, according to the World Economic Forum. But, if shipping containers aren't at the right place at the right time, the global supply chain may face serious problems. It could result in high inflation, shortages of key materials and products as well as revenue losses to large and small businesses alike.

Organizations: Economic

☆ Americans have no idea how to use their free time
▼ + stars: | 2024-03-26 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +11 min

It's true that Americans are overworked, overstressed, and generally awful at unplugging from work, two time-use researchers told Business Insider. But the vast majority of Americans' leisure time is spent — you guessed it — in front of the television. Watching TV is the most popular leisure activity, accounting for an average of 2.8 hours a day — more than half of all Americans' leisure time. Americans' spend more time watching TV than any other leisure activity. AlavinphotoSexism and the safety netThere is also a gendered element at play when it comes to Americans' leisure time.

☆ Opinion | 100 Days of Javier Milei
▼ + stars: | 2024-03-24 | by ( Uki Goñi | ) www.nytimes.com time to read: +2 min

Argentina’s new president, Javier Milei, has been in office for just over 100 days. The extreme libertarian program that Mr. Milei says will make Argentina great again — along with his unruly hair and tongue — has attracted countless comparisons to Donald Trump and won him high praise from Mr. Trump and other powerful admirers. A self-proclaimed “anarcho-capitalist,” Mr. Milei won the presidential race in November on promises to end Argentina’s sky-high inflation through a free-market transformation of the state. So far, he’s failed to deliver: Inflation doubled during his first month in office, though it has slowed down recently. Is he the economic visionary who won over voters and prompted Mr. Musk to predict that “prosperity is ahead for Argentina”?

Persons: Javier Milei, Milei, Donald Trump, Trump, Elon Musk, Mr, he’s, Musk Organizations: Economic, Mr Locations: Argentina, Davos, Switzerland, Congress, “

Mustafa Suleyman, Co-founder Inflection.ai & DeepMind, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Microsoft said Tuesday it has hired Mustafa Suleyman, a co-founder of artificial intelligence startup DeepMind that Google acquired in 2014, to lead Copilot AI initiatives. Suleyman will become an executive vice president and CEO of Microsoft AI, reporting to CEO Satya Nadella. The new Microsoft AI group will work on Copilot, which appears in Bing, Windows and other Microsoft products. WATCH: We've hit 'peak hype' of the AI revolution, says DeepMind co-founder Mustafa Suleyman

Persons: Mustafa Suleyman, Inflection.ai, Suleyman, Satya Nadella, DeepMind, Elon Musk, Karén, Nadella, Mustafa, Demis Hassabis, Hassabis Organizations: Microsoft, Google, Windows, Consumer Locations: Davos, Switzerland, Bing

☆ I moved to Geneva, Switzerland, and pay $6,970 a month for a luxury apartment: Take a look inside
▼ + stars: | 2024-03-17 | by ( Shizuka Mcneill | ) www.cnbc.com time to read: +5 min

Originally from Japan, I've lived in a total of six countries. For the past 15 years, I've called Geneva, Switzerland, my home. Geneva is different from anywhere else I've lived, and I've found something that truly works for me. A look inside our Geneva apartmentOne of the first things I noticed about this apartment was its traditional charm and ornately decorated ceilings. Photo: Shizuka McNeillWhile the public school system here is great, kids don't have class on Wednesday afternoons, so childcare can be an expensive scramble.

Persons: I've, we'd, Shizuka McNeill, AVoyage, Pierre Cathedral, d'Eau, Shizuka McNeill Geneva Organizations: United Nations, World Health Organization, Economic Locations: Japan, Geneva, Switzerland, New York, London, Europe, U.S, wardrobes, Lake Geneva, Serene Lake Geneva, United

☆ Opinion | The Best Way to Find Out if We Can Cool the Planet
▼ + stars: | 2024-03-17 | by ( Jeremy Freeman | ) www.nytimes.com time to read: +1 min

A few years ago, the idea of deliberately blocking the sun to combat climate change was so taboo for scientists. The most discussed approach involves spraying tiny particles into the stratosphere to reflect sunlight and cool the planet. Other proposals include injecting sea salt into clouds to increase their reflectivity or using giant space parasols to block the sun. I’m increasingly convinced that we should do more research on solar geoengineering. The alternative is clandestine research controlled by corporations or autocratic regimes, lurching toward deployment without knowing — or knowing and not sharing — the true risks.

Persons: Sam Altman, I’m Organizations: Economic Locations: Davos

☆ Solving the looming retirement crisis means thinking differently about aging, economist says
▼ + stars: | 2024-03-16 | by ( George Glover | ) www.businessinsider.com time to read: +7 min

It's time to start thinking differently about aging, according to a new book. "We've never invested enough in old age, because we never thought we'd get there," he said. "We've never invested enough in old age, because we thought we'd never get there, and now we will." He calls for a transition to an "evergreen economy," based on channeling the world's aging population to address inequality and boost growth. AdvertisementThe looming retirement crisis underlines the need for a rethink on aging, Scott told BI.

Persons: Andrew J, Scott, We've, we'd, —, There's, Florian Gaertner, we're, that's, they've, David Bowie, Magdalena Wosinska, he's, Bryan Johnson, who's, I've, I'm Organizations: Service, Health, Institute for Fiscal, London Business School, Harvard, Bank of England, Institute for International Political, Economic, Getty, Social Security, Washington Post Locations: Oxford, Japan

☆ Photographer Yaman Okur on his inspiration
▼ + stars: | 2024-03-15 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhotographer Yaman Okur on his inspirationYaman Okur talks to CNBC's Tania Bryer about how the 1999 earthquake in Turkey inspired him to examine his relationship with the Earth and how he turned that into an exhibition of photographs titled, "Kaygan," that were displayed at the 2024 World Economic Forum.

Persons: Yaman Okur, CNBC's Tania Bryer Locations: Turkey

☆ Middle East Crisis At Least 20 Killed in Attack While Waiting for Aid, Gaza Officials Say
▼ + stars: | 2024-03-15 | by ( The New York Times | ) www.nytimes.com time to read: +6 min

It also called for “continuing the reform process.”Much of the Palestinian public sees the Palestinian Authority as tainted by corruption, mismanagement and cooperation with Israel. As president, Mr. Abbas remains firmly in charge of the government. With no functional parliament, Mr. Abbas has long ruled by decree, and he exerts wide influence over the judiciary and prosecution system. What’s the change?” said Mr. Qudwa, a fierce opponent of Mr. Abbas, who is also known as Abu Mazen. For weeks, Mr. Abbas has signaled his desire to appoint Mr. Mustafa.

Persons: Mahmoud Abbas, Muhammad Mustafa, Abbas, Mustafa, Majdi Mohammed, “, Mohammed Shtayyeh, Mr, Benjamin Netanyahu, Biden, Adrienne Watson, Nasser, Mohammed, Muhammad, ”, Qudwa, Abu Mazen, “ Abu Mazen, Borge Brende, ” Ibrahim Dalalsha Organizations: Palestinian Authority, Palestinian, Hamas, West Bank, Israel, United, Authority, National Security Council, George Washington University, Washington , D.C, Palestine Investment Fund, ”, Gaza, Horizon Center, Political Studies, Media Locations: Gaza, Israel, Palestinian, Hamas, United States, Washington ,, Davos, Ramallah, West

☆ The founder of the movement Techism says 'art will save us from ourselves'
▼ + stars: | 2024-03-15 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe founder of the movement Techism says 'art will save us from ourselves'Ten years ago, Krista Kim founded the tech-focused art movement, "Techism." Speaking at the World Economic Forum 2024, she explains to CNBC's Tania Bryer why the movement is so important and why we all need to rethink our relationship with technology.

Persons: Techism, Krista Kim, CNBC's Tania Bryer

☆ Middle East Crisis Palestinian Authority Leader Expected to Choose Insider as Prime Minister
▼ + stars: | 2024-03-14 | by ( Adam Rasgon | ) www.nytimes.com time to read: +6 min

President Mahmoud Abbas of the Palestinian Authority has signaled his desire to appoint Muhammad Mustafa, a close economic adviser, as prime minister. Mr. Abbas could change his mind, and a decision to appoint Mr. Mustafa will only be final if Mr. Abbas signs a decree. Much of the Palestinian public sees the Palestinian Authority as tainted by corruption, mismanagement and cooperation with Israel. In the Palestinian Authority, the prime minister is supposed to oversee the work of ministries, but Mr. Abbas often intervenes in decision-making, according to analysts. He has previously been the authority’s economy minister and deputy prime minister.

Persons: Mahmoud Abbas, Muhammad Mustafa, Abbas, Mustafa, Mr, Majdi Mohammed, Mohammed Shtayyeh, “, Benjamin Netanyahu, Biden, Nasser, Mohammed, Muhammad, ”, Qudwa, Abu Mazen, “ Abu Mazen, Borge Brende, Jehad Harb Organizations: Palestinian Authority, Palestinian, Union, European Union, Press, West Bank, United, Authority, Israel, George Washington University, Washington , D.C, Palestine Investment Fund, Gaza Locations: Gaza, Israel, Hamas, United States, Palestinian, Washington ,, Davos, Ramallah

☆ From warning on nuclear war to 'psychotropic drugs': Here are 5 things Putin told the Russian media
▼ + stars: | 2024-03-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Russian President Vladimir Putin making a speech at the second Eurasian Economic Forum on May 24, 2023, in Moscow, Russia. In an interview with pro-Kremlin media published Tuesday, Putin laid out his vision for relations with the West, war and peace. 1) Russia 'technically' ready for nuclear warPutin was again keen to point out that Russia is ready for a nuclear war on a technical and military level. Nonetheless, Putin said Russia would be ready to conduct nuclear tests — if the U.S. did so. It's estimated that the war has cost Russia at least 315,000 dead and wounded troops during two years of war in Ukraine.

Persons: Vladimir Putin, Putin, Dmitry Kiselev, Mikhail Klimentyev, Ria Novosti, Rossiya, We've, Ukraine's, Joe Biden, Jens Stoltenberg, Volodymyr Zelenskyy, Ludovic Marin, Emmanuel Macron Organizations: Economic Forum, Getty, Kremlin, RIA Novosti, Ukraine Rossiya, It's, Afp, Ria, Russian Federation —, NATO, AFP, Ukraine Locations: Moscow, Russia, U.S, Ukraine, Crimea, Europe, Paris

☆ Google says it will restrict Gemini's ability to answer election-related questions 'out of an abundance of caution'
▼ + stars: | 2024-03-13 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGoogle will restrict its AI chatbot Gemini from answering questions about elections as a precautionary measure and "out of an abundance of caution," a company spokesperson said. This story is available exclusively to Business Insider subscribers. AdvertisementIt responds to election-related questions with a generic message: "I'm still learning how to answer this question. The news of how Gemini will handle election-related inquiries comes just a couple of weeks after concerns were raised over its image-generating capability.

Persons: —, Gemini, Joe Biden, Donald Trump, Al Jazeera, Christopher Wray Organizations: Service, Economic, Business, Google, FBI Locations: India, OpenAI

☆ Many of the world’s happiest countries are also the best for women, research shows—here’s why
▼ + stars: | 2024-03-12 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

The UN Sustainable Development Solutions Network, the organization behind the World Happiness Report, uses six factors to score countries' happiness: social support, income, health, freedom, generosity and absence of corruption. The WEF compares countries' gender gaps across four dimensions: economic opportunities; educational attainment; health and survival; and political empowerment. It's no coincidence that the world's happiest countries also champion gender equality socially and economically. How Nordic countries use social policies to promote gender equality and happinessIn its research, the WEF establishes a clear correlation between social policies, families' happiness and women's career advancement. The Nordic countries — Iceland, Sweden, Finland and Norway — have some of the most generous paid leave policies for parents in the world.

Persons: Alexa, Norway's, Linda Akeson McGurk, McGurk Organizations: UN Sustainable Development Solutions, Sweden, Organisation for Economic Co, Development Locations: American, Bergen, Norway, Iceland, Finland, Sweden, New Zealand, U.S, Swedish

☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

☆ Viktor Orbán meeting offers preview of Trump’s 2nd-term strongman idealizations
▼ + stars: | 2024-03-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +5 min

Trump sees Orbán as the kind of strongman – unencumbered by legal and political restraints – that he’d like to be. Ahead of his meeting with the former president, Orbán endorsed Trump’s views on Ukraine, in what will have been music to Putin’s ears and will have added to alarm in Kyiv about what a second Trump term would mean. “It is not gambling but actually betting on the only sensible chance, that we in Hungary bet on the return of President Trump,” Orbán told an economic forum on Monday, Reuters reported. In a statement, Biden’s campaign rebuked Trump for meeting “Hungarian dictator Viktor Orbán, notorious for eroding his own country’s democracy and cozying up to Vladimir Putin (sound familiar? Much of Europe is already recoiling in horror over the possibility of a second term for Trump.

Persons: Viktor Orbán, Donald Trump, isn’t, Biden, CNN’s Betsy Klein, Trump, – unencumbered, Orbán, Vladimir Putin –, laud Orbán, he’s, ” Trump, –, ” Orbán, “, ”, Joe Biden’s, Putin, castigate Trump, ’ ” Biden, didn’t, ” Biden, Vladimir Putin Organizations: CNN, Biden, GOP, Trump, Conservative Political, NATO, European, EU, Reuters, Republicans, Republican Locations: Hungarian, United States, Orbán, Florida, Russian, Ukraine, New Hampshire, Hungary, Sweden, Kyiv, Russia, American, Europe, Budapest

☆ Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close
▼ + stars: | 2024-03-08 | by ( Hayden Field | ) www.cnbc.com time to read: +7 min

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. OpenAI on Friday announced its new board and the wrap-up of an internal investigation by U.S. law firm WilmerHale into the events leading up to OpenAI CEO Sam Altman's ouster. Sam Altman will also rejoin OpenAI's board. "We have unanimously concluded that Sam and Greg are the right leaders for OpenAI," Bret Taylor, chair of OpenAI's board, said in a release. Since then, OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers.

Persons: Sam Altman, OpenAI, WilmerHale, Sam Altman's, OpenAI's, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Adam D'Angelo, Larry Summers, Bret Taylor, Greg, Sam, Taylor, Altman, Bret, Larry, Mira Murati, Mira, Helen Toner, Tasha McCauley, Ilya Sutskever, Ilya, Elon Musk, Greg Brockman, Musk, –, Toner, McCauley, Altman's Organizations: Economic, Friday, Melinda Gates Foundation, Pfizer, Advisors, Science, Technology, Global, Sony, Sony Entertainment, Paramount Global, Meira, Inc, Shopify, OpenAI, Microsoft, Fortune, Lawyers, CNBC, SpaceX, Nvidia Locations: Davos, Switzerland, President's, OpenAI's San Francisco, U.S, Saudi Aramco

☆ Companies are required to disclose their climate impact, SEC says
▼ + stars: | 2024-03-06 | by ( Allie Kelly | Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Under the disclosure, public companies will have to release their greenhouse gas emissions, environmental risk impacts, and risk management strategies. Climate disclosure will create a standardized way for companies to report environmental impactPreviously, companies only disclosed their climate impact information on a voluntary basis. Bryan McGannon, managing director of the nonprofit sustainable investment forum US SIF, said the climate disclosure is "a really good first step" toward increasing transparency. The SEC might also be facing litigation from corporate America, which hopes to challenge the new climate disclosure in court, McGannon said. Some companies might be concerned about the potentially high costs of gathering data and complying with the disclosure, SEC officials said.

Persons: Gary Gensler, Steven Rothstein, Rothstein, Bryan McGannon, McGannon, Gavin Newsom Organizations: Service, US Securities and Exchange Commission, Business, Economic, SEC, BI, Ceres Accelerator, Sustainable Capital, US, CNBC, Clean Energy, Jobs Locations: America, California, Michigan

NEW YORK (AP) — A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the program discriminated against them. The agency, which helps minority-owned businesses obtain financing and government contracts, now operates in 33 states and Puerto Rico. Justice Department lawyers representing Minority Business Development Agency declined to comment on the ruling, which can be appealed to the conservative-leaning 5th U.S. John F. Robinson, president of the National Minority Business Council, said the ruling is “a blow against minority owned businesses," and does nothing to help majority-owned businesses because they already enjoy access to federal resources through the Small Business Administration. "It has the potential of damaging the whole minority business sector because there will be less service available to minority-owned businesses,” Robinson said.

Persons: Mark T, Pittman, Donald Trump, Nixon, Biden, ” Pittman, Dan Lennington, ” Lennington, John F, Robinson, ” Robinson, Arian Simone, Alphonso David, David, Stanley Goldfarb, ”, “, —, David Glasgow, Graham Lee Brewer, Haleluya Hadero Organizations: —, U.S, Northern, Northern District of, U.S . Commerce Department, Infrastructure Investment, Jobs, Black, Wisconsin Institute for Law & Liberty, Justice Department, Business, Agency, Circuit, National Minority Business Council, Small Business Administration, Economic, Pfizer, The, Appeals, American Alliance for Equal Rights, Meltzer Center for Diversity, New York University’s School of Law, Supreme, AP Locations: Texas, Northern District, Northern District of Texas, Puerto Rico, New Orleans, Tennessee, Atlanta, The New York, Florida, New

☆ China sets GDP target of 'around 5%' for 2024
▼ + stars: | 2024-03-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China set a growth target of "around 5%" for 2024, according to the "Government Work Report" released Tuesday. The targets for GDP and other economic indicators were published as part of the opening of the National People's Congress annual meeting. The work report emphasized the need to "ensure both high-quality development and greater security," preventing risks and maintaining social stability, among other tasks. The work report said that "internal drivers of development are being built up," but added the country should be "well prepared for all risks and challenges." More than 2,800 delegates attended the opening of the National People's Congress annual meeting in Beijing on Tuesday.

Persons: Li Qiang, Louise Loo Organizations: Economic, National People's, National Bureau of Statistics, Communist Party of China's, National People's Congress, IMF, Oxford Economics Locations: Davos, Switzerland, BEIJING, China, Beijing

Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.

Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, —, X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI

Microsoft is accusing The New York Times of "unsubstantiated" claims in the publisher's lawsuit filed in December against OpenAI, a case that could have major implications for the future of generative artificial intelligence. In a motion to dismiss part of the suit on Monday, Microsoft said the Times presented a false narrative of "doomsday futurology" in which OpenAI's ChatGPT chatbot will decimate the news business. "In this case, The New York Times uses its might and its megaphone to challenge the latest profound technological advance: the Large Language Model," attorneys for Microsoft wrote. In its lawsuit, the Times accused OpenAI and Microsoft of copyright infringement and abusing the newspaper's intellectual property in training LLMs. A New York Times spokesperson didn't immediately respond to a request for comment.

Persons: Microsoft Corporation Satya Nadella, OpenAI, didn't Organizations: Microsoft Corporation, Economic, Microsoft, New York Times, OpenAI, Times, The New York Times Locations: Davos, Switzerland, OpenAI

☆ What the SEC climate disclosure rule may mean for investors
▼ + stars: | 2024-03-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.

Persons: Gary Gensler, Win Mcnamee, —, Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R

Search resuls for: "Economic Forum"

25 mentions found