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A magazine editor told CNN his team struggled to review the huge volume of articles generated by AI. Employees at a small sci-fi and fantasy publication say new AI-powered tools are making their jobs harder. He said his team's workloads had almost doubled and they'd struggled to review a stream of "consistently bad" AI-generated content. However, AI-powered tools come with various issues, including a tendency to invent or "hallucinate" facts. Technology publication CNET was forced to issue a string of corrections on several articles after errors were discovered in its AI-generated articles.
Persons: Neil Clarke, workloads, they'd, Clarke Organizations: CNN, Employees, Technology, CNET
"Congress, when passing the antitrust statutes, was setting out a policy preference, in many cases, for competition over monopoly," Khan said. "Any given year, the antitrust agencies get anywhere between 1,500 to 3,000 merger filings. Of that number, 98% go through without even any second questions being asked by the agencies," Khan said. Khan also defended the agency's record in court when it comes to merger cases. That's in part because the Supreme Court hasn't taken up merger cases as frequently in recent decades, meaning "that older law is still good law."
Persons: Lina Khan, Khan, Neil Bradley, hasn't, FTCs Organizations: Energy, Federal Trade Commission, Federal Trade, Economic, of New, FTC, Department of Justice, Division, U.S . Chamber of Commerce, CNBC, YouTube, Big Tech Locations: Rayburn, of New York
Peculiar dead white dwarf star has two faces
  + stars: | 2023-07-24 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +5 min
CNN —Astronomers have made a first-of-its-kind discovery — a white dwarf star with two completely different faces. White dwarfs are burnt remains of dead stars. The newly discovered white dwarf has two sides, one made of hydrogen and the other made of helium. Researchers have nicknamed the star Janus, for the Roman god of transition, which has two faces. “We might have possibly caught one such white dwarf in the act.”As the white dwarf cools over time, the heavier and lighter materials may mix together.
Persons: Janus, , Ilaria Caiazzo, Caiazzo, Neil Gehrels, ” Caiazzo, , K, Miller, James Fuller Organizations: CNN —, California Institute of Technology, Observatory, Gran, Canarias, Keck, Caltech Locations: Canary, Maunakea, Hawaii
Insider spoke to several experts to get their tips for generating better code with ChatGPT. The AI-powered chatbot's ability to write impressive code has freaked out programmers and caught the attention of some tech CEOs. Insider spoke to several computer science experts and tech workers who've created software with ChatGPT to get their advice for generating better code. Assign ChatGPT a roleGiving ChatGPT a specific persona can help it understand what a user wants. Brush up on the basicsNo matter how specific users keep their prompts, language can still be ambiguous.
Persons: OpenAI's ChatGPT, who've, ChatGPT, Ammaar, who's, it's, Reshi, Neil Ernst, Ernst, Jason Gulya, Emery Berger, Berger Organizations: Morning, University of Victoria, Berkeley College, University of Massachusetts Amherst
“In the next few years, the main impact of AI on work will be to help people do their jobs more efficiently,” Microsoft co-founder Bill Gates said in a blog post recently. Big Tech companies are now rushing to jump on the AI bandwagon, pledging significant investments into new AI-powered tools that promise to streamline work. News outlet CNET had to issue “substantial” corrections earlier this year after experimenting with using an AI tool to write stories. Others like Clarke, the publisher, have tried to combat the fallout from the rise of AI by relying on more AI. “You listen to these AI experts, they go on about how these things are going to do amazing breakthroughs in different fields,” Clarke said.
Persons: hasn’t, Neil Clarke’s, Clarke, , ” Clarke, “ It’s, ChatGPT, Bill Gates, it’s, Shakked, Neil Clarke, Lisa R, Clarke Mathias Cormann, ” Cormann, ’ Ivana Saula, Saula, ” Saula, , Gizmodo Organizations: CNN, Microsoft, Big Tech, Massachusetts Institute of Technology, MIT’s Department of Economics, Clarkesworld Magazine, Organization for Economic Co, Development, “ Workers, International Association of Machinists, Aerospace Workers, ” Workers, CNET, Star Locations: Shakked Noy, MIT’s, newsrooms
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Persons: Dow Jones, bennett
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/thank-tesla-the-biggest-obstacle-to-ev-ownership-will-soon-be-history-dc9945be
Persons: Dow Jones
July 21 (Reuters) - Shares in Sirius XM Holdings (SIRI.O) were down 10.5% on Friday, erasing some of their dramatic gains in the previous day's session with analysts attributing the volatility to a short squeeze, as well as a rebalance of the Nasdaq 100 (.NDX). U.S. satellite and online radio company, Sirius XM, which is majority owned by Liberty Media (FWONA.O), last traded at $6.99 after closing up 42% at $7.81 on Thursday for its biggest one-day percentage gain since March 2009. A short squeeze is when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling. "However, the large number of shares held short along with a relatively small float provided fertile ground for a short squeeze as seen on July 20," wrote Macker who estimates a $7.50 fair value for the stock. Evercore analyst Vijay Jayant said the upcoming rebalance of the Nasdaq 100, of which Sirius is a member, was also a factor for the short squeeze as well as related options trading.
Persons: Neil Macker, Macker, Vijay Jayant, Jayant, David Joyce, Joyce, Sinéad Carew, Medha Singh, Lance Tupper, Sharon Singleton Organizations: Sirius XM Holdings, Nasdaq, Sirius XM, Liberty Media, Atlanta Braves, Sirius, Liberty's, Research Partners, Thomson
Moscow took sharp action on Friday to curb inflation, fearing the effects of ever higher spending on the war in Ukraine and of a weakening Russian ruble. Russia’s central bank took the unexpected step of raising its benchmark interest rate by a full percentage point, to 8.5 percent from 7.5 percent. It was the first large hike in more than a year, and the bank warned that further increases were likely. “It is a surprise and on its face reflects more concern at the central bank about inflation and how the economy is doing that we had appreciated,” said Robert Kahn, the head of the Geoeconomics Team at the Eurasia Group, a New York-based risk analysis firm. “It suggests that the war is proving increasingly disruptive to economic activity and pushing up inflationary pressures.”
Persons: Moscow, , Robert Kahn Organizations: Eurasia Group Locations: Ukraine, Russia’s, New York
The Message Is in the Merch
  + stars: | 2023-07-21 | by ( Jessica Roy | ) www.nytimes.com   time to read: +1 min
Neil Gaiman had worn some version of a black T-shirt nearly every day for the past 36 years. Then, on a balmy Tuesday in May, he decided to make an important wardrobe change. Across New York and Los Angeles, T-shirts advertising support for creative workers’ labor unions are nearly everywhere you look. When SAG-AFTRA, the actors’ union, decided on its own strike last week, the dispute took on new proportions. As the demonstrations head into a 13th week, a pressing need has arisen: clean T-shirts.
Persons: Neil Gaiman, I’m, ” Mr, Gaiman, , Organizations: Guild of America, Hollywood, SAG Locations: New York, Los Angeles
UK pension fund USS wins appeal over fossil fuel investments
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +2 min
The 82 billion-pound ($103 billion) Universities Superannuation Scheme (USS) faced legal action from two of its members over its continuing investments in coal, natural gas and petroleum. Judge Sarah Asplin said in a written ruling that the parts of the lawsuit relating to USS investments in fossil fuels were an attempt to challenge the scheme's management and investment decisions which was "bound to fail". The attempt to bring the case on behalf of USS against its directors, which has also been attempted by environmental law charity ClientEarth against Shell (SHEL.L), will be keenly watched by other pension funds and environmental groups. The two academics bringing the case, Ewan McGaughey and Neil Davies, argued that fossil fuel investments pose a "significant and increasing" financial risk to USS that its directors were not addressing. However, lawyers representing USS argued the case should be dismissed as the scheme's investments in fossil fuels have not caused any loss to USS or the two academics, which is necessary for a derivative lawsuit to proceed.
Persons: Sarah Asplin, Ewan McGaughey, Neil Davies, David Grant, , Davies, Sam Tobin, Sarah Young, Mike Harrison Organizations: London's, Shell, McGaughey, Thomson Locations: London
Elon Musk is confused as hell by the economy. It feels like a recession is coming, but the details are hard to understand for the average person. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. No wonder we're all spending less time doing our jobs, we're too exhausted from trying to figure this all out. It's a confused-as-hell-cession, and Elon Musk has never been more relatable.
Persons: Elon Musk, you've, you'll, Neil Dutta, who's, It's Organizations: Service, Elon, York Life Investments, Macro Locations: Wall, Silicon
WASHINGTON, July 20 (Reuters) - A Senate panel on Thursday was set to debate and vote on Democratic-backed legislation that would mandate a binding ethics code for the U.S. Supreme Court following revelations that some conservative justices have failed to disclose luxury trips and real estate transactions. It would require the justices to adopt a code of conduct as well as create a mechanism to investigate alleged violations. Unlike other members of the federal judiciary, the Supreme Court's nine life-tenured justices have no binding ethics code of conduct. The legislation would face long odds to win passage on the Senate floor, where it would need some Republican support to advance. Democratic senators have said these reports show that the court cannot be trusted to police itself.
Persons: Sheldon Whitehouse, Clarence Thomas, Harlan Crow, ProPublica, Samuel Alito, Neil Gorsuch, John Kruzel, Will Dunham Organizations: Democratic, U.S, Republican, Representatives, Dallas, Politico, Thomson Locations: Alaska, Colorado
Market research firm GfK's headline gauge of consumer confidence fell to -30 this month from -24 in June, the first decline since January, and below the -26 forecast in a Reuters poll of economists. The fall was the biggest month-on-month drop in GfK's confidence measure since March to April 2022 when inflation accelerated after Russia's invasion of Ukraine. Staton said the recent slowdown in inflation will do little to improve consumer confidence. The Bank of England has increased interest rates at 13 meetings in a row since the end of 2021, raising its Bank Rate to 5% in June. The resilience of consumer confidence in the first half of this year was helped by low levels of unemployment and separate data published on Friday showed employers still seeking to hire.
Persons: Joe Staton, Staton, " Staton, Neil Carberry, Suban Abdulla, William Schomberg Organizations: Bank of, Confederation, Thomson Locations: Ukraine, Bank of England
Russia on Thursday stepped up its aerial assaults on Ukrainian ports critical to the world’s food supply, as the White House warned that the Kremlin has mined sea routes and might be setting the stage for attacks on commercial transport ships. Moscow has already put shipping companies on notice that they now cross the Russian blockade in the Black Sea at their own peril, and could be treated as military targets. The warning came days after Russia pulled out of a multinational deal that had allowed desperately needed Ukrainian grain to make it to the world market. In a further sign of rising tensions, Ukraine on Thursday issued its own warning: Ships heading to Russian ports or to ports in occupied Ukraine, the Ministry of Defense said, will now be considered to be carrying “military cargo, with all the corresponding risks.”In Washington, a White House official accused Moscow at a news conference of engaging in a false-flag operation to implicate Ukraine if Russia attacked a ship. The waters where Russia is said to have placed the mines are in an area already mined by Ukraine to deter an amphibious assault.
Organizations: White House, Ministry of Defense, White, Moscow Locations: Russia, Moscow, Russian, Ukraine, Washington
European earnings add weight to economic bear case
  + stars: | 2023-07-20 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 20 (Reuters Breakingviews) - It’s only early in the financial-reporting season for European companies. But macro bears will already be able to find all the doom and gloom they could ever want. But pricey recipe kits and premium toilet paper are relatively easy ways for pinched consumers to save money. Before the results, all three companies were priced at a premium to the STOXX Europe 600 Index (.STOXX) using 12-month forward price to earnings multiples, suggesting possible shareholder complacency. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: napping, Liam Proud, whir, Neil Unmack, Oliver Taslic Organizations: Reuters, Twitter, Thomson Locations: Europe
CNN —Sheryl Crow has shared her thoughts on Jason Aldean’s controversial song, “Try That in a Small Town.”Aldean’s single, which was released in May, stirred new controversy when the music video debuted on July 14. “Got a gun that my granddad gave me / They say one day they’re gonna round up / Well, that s— might fly in the city, good luck/Try that in a small town,” Aldean sings in the song. “@Jason_Aldean I’m from a small town. “You should know that better than anyone having survived a mass shooting. “Try That in a Small Town,” produced by longtime Aldean collaborator Michael Knox, was written by Kurt Allison, Kelley Lovelace, Neil Thrasher and Tully Kennedy.
Persons: Sheryl Crow, Jason Aldean’s, , Aldean, , ” Aldean, Crow, ” Crow, Michael Knox, Kurt Allison, Kelley Lovelace, Neil Thrasher, Tully Kennedy Organizations: CNN, Harvest Locations: Kennett , Missouri, Macon , Georgia, Las Vegas, Nashville, Tennessee
Investors, worried about the economic atmosphere and the recent regional banking collapse, breathed a sigh of relief at the results. Jamie Dimon, head of JPMorgan Chase, commented on the bank’s Friday earnings call that non-bank financial rivals were “dancing in the streets” as regulators get ready to increase bank capital requirements. “This is great news for hedge funds, private equity, private credit, Apollo, Blackstone,” Dimon said of the proposed regulations. The change, they say, will increase the financial system’s resilience following the failures of three regional banks earlier this year. “The capital in the industry is sufficient,” said Bank of America CEO Brian Moynihan on his company’s earnings call Tuesday morning.
Persons: Jamie Dimon, JPMorgan Chase, ” Dimon, , Jeremy Barnum, Barnum, don’t, Brian Moynihan, “ They’ve, Morgan Stanley, James Gorman, Elizabeth Warren, Richard Blumenthal, Tammy Duckworth, Martin Gruenberg, , Taylor Marr, That’s, they’re, Bryan Mena, Neil Saunders Organizations: CNN Business, Bell, New York CNN, Silicon Valley Bank, JPMorgan, Blackstone, of America, CNBC, Valley Bank, Signature Bank, Federal Deposit Insurance, Redfin, Retail, Commerce Department Locations: New York, Silicon, Basel, Massachusetts, Elizabeth Warren , Connecticut
(A stage musical, “Tammy Faye,” which opened last year in London, also incorporated the 1985 interview.) “That interview was why I needed to make the movie,” Ms. Chastain told Variety at the movie’s New York premiere in 2021. I’m 100 percent convinced that there were people — conservative Christians watching at home — who realized that they had judged their family members unlovingly. I’m convinced that that interview saved families and saved lives.”If Ms. Bakker defied expectations with that interview, Mr. Pieters long defied AIDS, surviving for decades despite repeated health struggles. What a privilege to have reached the age of 70, still dancing with joy.”
Persons: Jessica Chastain, Bakker, Tammy Faye, , Pieters, Randy Havens, “ Tammy Faye, Ms, Chastain, Variety, , unlovingly, I’m, Harlan Boll, Locations: London, York, Glendale , Calif, Los Angeles, Hope
The House Select Committee on the Chinese Communist Party sent letters to four separate U.S. venture capital firms, including Qualcomm's venture arm, expressing "serious concern" about their investments in Chinese tech startups. The letters, which were made public on Wednesday, were sent to GGV Capital, GST Ventures, Qualcomm Ventures, and Walden International. Qualcomm Ventures, for example, made 13 investments in Chinese A.I. Walden, a smaller firm, was identified as a particularly significant backer of Chinese AI companies. He said at the time he found there was "broad support" among venture capitalists and others to keep U.S. asset managers from investing in Chinese AI firms.
Persons: Mike Gallagher, Wisconsin Republican Mike Gallagher, Raja Krishnamoorthi, Janet Yellen, Antony Blinken, Gallagher, Krishnamoorthi, SenseTime, GGV, Didi, Megvii, Abu, Walden, Intellifusion, Neil Shen helming Organizations: U.S, Capitol, Chinese Communist Party, GGV, Ventures, Qualcomm Ventures, Walden International, Wisconsin Republican, Treasury, New York Times, Qualcomm, Tiger Global Management, Tiger Global, Denglin Technology, Georgetown's Center for Security, Emerging Technology, Macquarie Group, GSR Ventures, Center for Security, Horizon Robotics, Silicon Valley, CNBC, U.S . Commerce Department, Street, Sequoia Capital, Sequoia Locations: Illinois, China, U.S, Silver, Denglin, Silicon Valley, San Francisco, Shanghai, Beijing, Singapore, Megvii, Sequoia China
Britain upgrades to also-ran in EV battery race
  + stars: | 2023-07-19 | by ( Neil Unmack | ) www.reuters.com   time to read: +4 min
Prime Minister Rishi Sunak is joining the global arms race to secure future industries, but he has a long way to go. Europe may have 25 so-called gigafactories, vast plants that turn raw materials such as lithium into battery packs, by 2025. While both Theresa May and Boris Johnson tried, they failed to win over big global players like Tesla (TSLA.O), Samsung or Northvolt, which preferred European sites. The UK leader can at least now claim he can attract global players. But Tata’s 40 GWh of new capacity brings Britain’s total to just over 50 GWh by 2026, after factoring in the plant operated by China’s Envision in Sunderland.
Persons: Rishi Sunak, Joe Biden’s, Theresa May, Boris Johnson, Britishvolt, China’s, Sunak, George Hay, Pranav Kiran, Oliver Taslic Organizations: Reuters, Tata Group, Honda, Samsung, Tata, Rover, Toyota, The Society of Motor Manufacturers, Traders, Faraday, India’s Tata Group, Thomson Locations: Indian, Somerset, Japanese, Europe, United States, Britain, Sunderland
Reactions: UK inflation cools in June, pound drops
  + stars: | 2023-07-19 | by ( ) www.reuters.com   time to read: +6 min
Sterling dropped broadly, falling against the dollar, the euro and the yen, as interest-rate futures showed investors no longer expect UK rates to peak above 6%. COMMENTS:KEVIN BRIGHT, GLOBAL LEADER, CONSUMER PRICING PRACTICE, MCKINSEY & COMPANY, LONDON:"Inflation dipped more than expected; but the gulf between the UK and the Eurozone inflation levels remains. Despite most categories seeing a decline, food & non-alcoholic beverage inflation at 17.3% remains only 1.8% below its peak in March 2023. "Continued rising prices, higher interest rates and below inflation wage growth – are a triple blow to household budgets. NEIL BIRRELL, CHIEF INVESTMENT OFFICER, PREMIER MITON INVESTORS, LONDON:"Some good news on UK inflation at last, coming in below expectations for June and most importantly the core inflation rate fell more than thought.
Persons: Sterling, BoE, KEVIN, JOE TUCKEY, JORDAN, NOMURA, CHRIS BEAUCHAMP, Andrew Bailey, JEREMY BATSTONE, CARR, RAYMOND JAMES, ” KENNETH BROUX, It's, JOSEPH CALNAN, NEIL BIRRELL, Amanda Cooper, Andrew Heavens, Catherine Evans Organizations: Bank of England's, Reuters, Reuters Graphics Reuters, MCKINSEY, COMPANY, LONDON, Bank of England, JORDAN ROCHESTER, CPI, IG GROUP, Bank of, SOCIETE GENERALE, U.S, EMEA, Thomson Locations: homebuilders, Bank of England, EUROPEAN
British annual consumer price inflation fell to a lower than expected 7.9% in June, below a forecast for a decline to 8.2%. June's rate was a long way off last October's 41-year high of 11.1%, but far above the BoE's 2% target rate. "Some good news on UK inflation at last, coming in below expectations for June and most importantly the core inflation rate fell more than thought," Neil Birrell, who is chief investment officer at Premier Miton Investors, said. British finance minister Jeremy Hunt said there was still a long way to go to reduce inflation towards target. Meanwhile, interest-rate derivatives showed traders no longer believe UK rates will have to rise above 6% to temper inflation.
Persons: Barratt, Taylor Wimpey, Neil Birrell, Sterling, Jeremy Hunt, Hunt, Jeremy Batstone, Carr, Raymond James, Danilo Masoni, Alun John, Dhara Ranasinghe, Andrew Organizations: Reuters, Premier Miton Investors, Bank of England, Thomson Locations: United States, European, Milan
Unlike other members of the federal judiciary, the Supreme Court's nine life-tenured justices have no binding ethics code of conduct. "The Supreme Court does a good job of that on their own," Republican Senator Mike Lee of Utah, who sits on the Senate Judiciary Committee, told Reuters, referring to ethics rules. Senator John Kennedy, another Republican panel member, questioned whether lawmakers possess the power to impose ethics standards on the court. The Judiciary Committee held a hearing on Supreme Court ethics concerns in May, but conservative Chief Justice John Roberts rebuffed Durbin's invitation to testify, citing "the importance of preserving judicial independence." That code, binding to lower federal court judges but not the justices, requires judges to avoid even the "appearance of impropriety."
Persons: Sheldon Whitehouse, Whitehouse, Dick Durbin, Clarence Thomas, Harlan Crow, ProPublica, Samuel Alito, Neil Gorsuch, Mike Lee of, John Kennedy, I'm, Kennedy, John Roberts, Roberts, they're, John Kruzel, Will Dunham Organizations: Democrats, U.S, Democratic, Republican, Representatives, Dallas, Politico, Reuters, Republicans, Thomson Locations: Alaska, Colorado, Mike Lee of Utah
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/taylor-swift-douglas-baldridge-lawyer-cf4a0132
Persons: Dow Jones
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