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The complaint, originally made public in redacted form, was the opening salvo in a lawsuit filed in late October by the attorneys general of 33 states. Meta didn’t immediately provide a comment on the unredacted complaint following a request from The Associated Press. Others acknowledged that Facebook and Instagram were also popular with children under age 13, who, per company policy, were not allowed to use the service. One Facebook safety executive alluded to the possibility that cracking down on younger users might hurt the company's business in a 2019 email, according to the Journal report. Political Cartoons View All 1265 ImagesThe complaint noted that at times Meta has a backlog of up to 2.5 million accounts of younger children awaiting action, according to the reports.
Persons: Meta, Meta didn’t Organizations: FRANCISO, Facebook, Wall Street, The New York Times, Associated Press . Company, Meta
The startup's newly appointed interim head moved quickly to dismiss speculation that OpenAI's board ousted Altman due to a spat over the safety of powerful AI models. It was not clear why Murati had stepped down as interim CEO. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Some of those joining Altman at Microsoft include senior researchers Szymon Sidor and Jakub Pachocki, according to Brockman. Microsoft had supported a return by Altman to the startup, according to sources, a move that seemed likely only hours prior to Monday's announcements.
Persons: OpenAI, Emmett Shear, Sam Altman, Greg Brockman, OpenAI's, Altman, Shear, Ilya Sutskever, we've, Sutskever, Mira Murati, reinstates Altman, Brockman, Bret Taylor, Will Hurd, Murati, Carlos Barria, Richard Windsor, Satya Nadella, Szymon Sidor, Jakub Pachocki, Russ Mould, AJ Bell, Nadella, Jeffry Dastin, Anna Tong, Krystal Hu, Akash Sriram, Aditya Soni, Urvi, Shubham, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton, Chizu Nomiyama, Anil D'Silva Organizations: Microsoft, FRANCISCO, Google, OpenAI, Reuters, Economic Cooperation, REUTERS, Radio Free Mobile, Thomson Locations: OpenAI, Texas, Asia, San Francisco , California, U.S, San Franciso, New York, Bengaluru
In a statement on the social media platform X, Shear dismissed speculation that OpenAI's board ousted Altman because of a spat over the safety of powerful AI models. OpenAI dismissed Altman on Friday following a "breakdown of communications," according to an internal memo seen by Reuters. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In a separate post on X, Altman shared Nadella's message with the words, "the mission continues". loadingThe decision not to reinstate Altman as OpenAI's chief confounded efforts by investors and employees to steady the startup's path.
Persons: OpenAI, Emmett Shear, Sam Altman, Shear, OpenAI's, Altman, Satya Nadella, Greg Brockman, Carlos Barria, Nadella, Szymon Sidor, Brockman, Richard Windsor, Ilya Sutskever, Jeffry Dastin, Anna Tong, Urvi, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton Organizations: Microsoft, OpenAI, Reuters, Economic Cooperation, REUTERS, The, Radio Free Mobile, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, OpenAI, San Franciso, Bengaluru, New York
Morning Bid: Ebbing oil sustains economic glow
  + stars: | 2023-11-16 | by ( )   time to read: +6 min
Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. That drop, which takes annual producer price inflation as low as 1.3%, was driven largely by falling gasoline prices. And that meets news that China's oil refinery throughput fell back in October as industrial fuel demand weakened. The overall energy and inflation picture is helping buoy consumption and stokes the 'soft landing' narrative investors are betting on. The picture in overseas markets, where the economic picture is cloudier, was more mixed.
Persons: magnifier, Dado Ruvic, Mike Dolan, stokes, Mary Daly, Joe Biden, Xi Jinping, Xi, Biden, Washington, Christopher Waller, Lisa Cook, John Williams, Michael Barr, Loretta Mester, Christine Lagarde, Luis de Guindos, Andrea Enria, Dave Ramsden, Andres Manuel Lopez Obrador, Alexander Smith Organizations: REUTERS, U.S . Energy Information Administration, Walmart, Federal, San Francisco Fed, Treasury, U.S . Senate, Philadelphia Fed, Kansas City Fed, Applied, Ross Stores, Federal Reserve, Lisa Cook , New York Fed, Cleveland Fed, European Central Bank, Bank of England, New York Federal Reserve, Insider Intelligence, Reuters Graphics, Thomson, Reuters Locations: U.S, United States, China . U.S, Target, San Francisco, Taiwan, China, Kansas, Treasuries, Lisa Cook , New, Franciso, Reuters Graphics China
Houston, Dallas, Miami, and Nashville are poised to become economic powerhouses in the US. The future of the energy, healthcare, and finance industries could be in these cities. That's because economic power is flowing to the middle of the country — and places like Houston, Dallas, Nashville, and Miami are becoming hotspots. Just like New York City has Wall Street and San Francisco has Silicon Valley, Houston has its energy economy and Miami has its proximity to Latin America and growing financial industry. Miami, meanwhile, was the city users were most interested in relocating to — Dallas and Houston ranked eighth and tenth, respectively.
Persons: , Mason, Dixon, Stanford, Niall Ferguson, Barron's Organizations: Houston, Service, San, Hollywood, Dallas Locations: Dallas, Miami, Nashville, New York, San Francisco, Houston, New York City, Silicon Valley, America, Los Angeles, Washington, DC, Franciso , New York City, . Miami
A digital doorbell captured a family of bears dropping in on a man in Half Moon Bay, California. The footage shows a bear skillfully pulling back a house's screen door. The man "nearly fell off his couch" when he saw what had triggered his doorbell. Rick was in Los Angeles when he received a notification that someone was at his house in Half Moon Bay, a small city near San Franciso, California. You can see the footage below:AdvertisementAdvertisementFootage captured a bear pulling back a screen door on a house in Half Moon Bay, California.
Persons: Rick,, I've Organizations: Service,, Bears, KTLA, ABC News Locations: , California, Wall, Silicon, Los Angeles, San Franciso , California, Burbank, California
FDIC sees merits of increasing backstop for business accounts
  + stars: | 2023-05-01 | by ( )   time to read: +3 min
A key U.S. banking regulator on Monday laid out a range of options for reforming the federal deposit insurance system and concluded that significantly increasing the backstop for bank accounts used for business purposes was the "most promising." In the wake of March's lightning-fast bank failures, expanding coverage for accounts used to cover payroll, invoices and other large business transactions has emerged as the Federal Deposit Insurance Corp's preferred route for balancing financial stability and depositor protection, relative to its cost. Keeping the current system, where coverage is limited to $250,000 per-person per-bank, was the third option considered. The FDIC's deposit insurance fund helps to fulfill the agency's guarantee of bank deposits up to $250,000 per person. In the event an insured bank fails, the FDIC uses the deposit insurance fund to pay back customers who maintained accounts under the limit.
Much buzz has been generated around ChatGPT, an artificial intelligence chatbot that's gone viral and reportedly reached 100 million monthly active users in January. Its popularity has sparked much interest in artificial intelligence tech . "You really have to consider the role that artificial intelligence is going to play … it's made this quantum leap almost, you know, overnight. For investors considering investing in AI, CNBC Pro has screened two ETFs for stocks: the $1.59 billion Global X Robotics & Artificial Intelligence ETF and the First Trust Nasdaq Artificial Intelligence & Robotics ETF, which tracks the Nasdaq CTA Artificial Intelligence and Robotics Index. Voice AI platform SoundHound also got a 100% buy rating, and analysts put its potential average upside at 31%.
The cell plant would be able to make enough batteries for 2 million light-duty vehicles annually, including batteries using the 4680-type cell. The 4680 is key to Tesla meeting a goal of halving battery costs and ramping up battery production nearly 100-fold by 2030. Panasonic currently supplies cells to the gigafactory, and Tesla assembles them into battery packs there. Tesla has struggled to ramp up production of the 4680 at its factories in Fremont, California, and Austin, Texas. The EV maker aimed to produce 50,000 Semis in 2024, Musk said on a post-earnings call in October.
Analysts say the platform could be a threat to Google's bread-and-butter search business . Alphabet and Microsoft compete in the cloud business. Neither stock did well in the past year, with Microsoft dropping more than 20%, and Alphabet tumbling over 30%. According to FactSet, analysts covering the stock gave it 21% upside on average, while 91% gave it a "buy" rating. According to FactSet, analysts covering Alphabet gave it 35% upside on average, while 92% gave it a buy rating.
Kimberly Guilfoyle said she is very "traditional" in her relationship with Donald Trump Jr. "I love taking care of Don, the way I saw my mother lovingly take care of my father," Guilfoyle told Metropolitan Palm Beach magazine. Guilfoyle told the magazine she said that they had known each other for years before they became a couple. Guilfoyle told the interviewee the couple had moved to Palm Beach to be closer to the Trump extended family. Guilfoyle was reportedly considered for the White House Press Secretary role in 2016 and later became an advisor to former President Donald Trump during his 2020 campaign.
Former SpaceX employees file labor-law complaint
  + stars: | 2022-11-18 | by ( Jackie Wattles | )   time to read: +7 min
CNN —Eight former SpaceX employees filed labor-law complaints, alleging that Elon Musk’s space company unlawfully fired workers after they wrote company management a letter begging them to publicly condemn Musk’s “harmful” behavior on social media. The company, which Musk founded in 2002, is one of the most influential and powerful commercial space companies in the world. SpaceX has nearly 10,000 total employees, according to an NLRB complaint. The same day the letter was sent, Holland-Thielen and four others were fired, according to the NLRB complaint. “It’s shocking that SpaceX appears to believe that its mission of getting humans to Mars justifies turning a blind eye to workers’ basic civil rights,” Burgess said.
read moreThe COVID-19 related suspension of Tesla's Shanghai factory, the costs of ramping up new factories in Berlin and Texas and rising supply chain costs are likely to have weighed on its first-quarter earnings, analysts said. read moreTesla navigated the global supply chain crisis better than other rivals, posting record deliveries and earnings for several quarters. But its factory in Shanghai was shut for more than three weeks, after the city rolled out lockdown measures to combat a surge in COVID-19 cases. Tesla resumed production at its Shanghai plant on Tuesday, according to a news report, but a source said this may not mean a return to full production. Reuters GraphicsMusk delivered Tesla's first Texas-made Model Y vehicles at a glitzy event earlier this month, but no Texas vehicles are listed on Tesla's order website yet.
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