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Virginia mother of 6-year-old who shot teacher charged
  + stars: | 2023-04-10 | by ( Jasper Ward | ) www.reuters.com   time to read: +2 min
April 10 (Reuters) - A Virginia grand jury on Monday indicted the mother of a 6-year-old boy who shot an elementary school teacher in Newport News in January on felony child neglect and a firearms charge. On Jan. 6, 25-year-old teacher Abigail Zwerner was wounded by a first-grade student in her classroom at Richneck Elementary School after school officials received warnings that the boy had a gun at school. The student's mother, Deja Taylor, was charged with felony child neglect and misdemeanor recklessly leaving a loaded firearm so as to endanger a child, Newport News, Virginia, prosecutor Howard Gwynn said in a statement. The indictments are the latest example of prosecutors charging parents of children who commit gun crimes or mass shootings. In the Newport News school shooting case, Gwynn said that the grand jury would continue to investigate, and would consider whether additional charges were warranted.
We asked investors to name the most promising generative-AI startups of 2023. VCs were asked to name startups in their portfolios and ones with which they had no financial ties. This past year has seen doom and gloom for most of the tech world, but a small, rapidly growing group of startups have seen a renaissance. In the model layer, third-party and open-source providers like OpenAI and Stability AI train AI models that startups can build upon. Insider asked 22 top artificial-intelligence and machine-learning investors to nominate the early-stage generative-AI startups within this ecosystem they believe show the most promise.
WASHINGTON, April 10 (Reuters) - The United States on Monday determined that Russia has "wrongfully detained" American Wall Street Journal reporter Evan Gershkovich, effectively saying that espionage charges are bogus and that the case is political. The Wall Street Journal has denied Gershkovich was spying. The Wall Street Journal's publisher and editor in chief said the "wrongfully detained" designation "will unlock additional resources and attention at the highest levels of the U.S. government in securing his release." Legislation passed by Congress in 2020 lists 11 criteria to help determine if a U.S. citizen is "wrongfully detained." The Biden administration has secured the release of at least 25 "wrongfully detained" Americans.
Senator John Fetterman has been discharged from hospital where he was treated for weeks for depression, his office said on Friday, adding he will return to the Senate mid-April. Fetterman's depression is now in remission, his office said in a statement, citing a doctor. Fetterman had checked into a Washington-area hospital for treatment for clinical depression in mid-February. Fetterman, who suffered a stroke last May and later acknowledged he had "almost died," has faced challenges adjusting to life in the Senate during his recovery. During the course of Fetterman's depression treatment, his speech abilities also improved as he worked with speech-language specialists, his office said on Friday.
Democratic US Senator Fetterman discharged from hospital
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, March 31 (Reuters) - Democratic U.S. Senator John Fetterman has been discharged from hospital where he was treated for weeks for depression, his office said on Friday, adding he will return to the Senate mid-April. Fetterman's depression is now in remission, his office said, citing a doctor. The return of Fetterman, who flipped a Republican-held seat in last November's midterm elections, will be good news for Democrats, who hold a narrow 51-49 majority in the Senate. Reporting by Kanishka Singh and Jasper Ward in WashingtonOur Standards: The Thomson Reuters Trust Principles.
George Mathew, an AI investor at Insight Partners, compared the AI foundation models to other technological breakthroughs which spawned competition. As the infrastructural layer of AI applications, foundation models have attracted the most investment from venture capitalists and strategic investors. Writing assistant Jasper.ai began with OpenAI's models, but does not want to rely on a single model, CEO Dave Rogenmoser told Reuters. For example, it uses OpenAI’s model to generate long articles, and Cohere to auto-complete sentences at faster speed and lower cost. Fergal Reid, Intercom's director of machine learning, conceded that OpenAI's GPT-4 is "very expensive."
Vector database startups like Pinecone have received term sheets from top-tier VCs, Insider has learned. Similar to the investor excitement around generative AI, VCs are now flocking to another area within the buzzy AI ecosystem. Instead, a vector database can store and quickly find past responses to similar questions by understanding the meaning behind the statements without having to call the base model. Because the vector database space is so intertwined with LLMs, it's benefitted greatly from recent hype around generative AI and LLMs. "The LLM tax is real," one VC said, referring to the high valuations for buzzy vector database startups like Chroma, Weaviate, and Pinecone.
Biden calls for assault weapons ban after Nashville shooting
  + stars: | 2023-03-27 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, March 27 (Reuters) - U.S. President Joe Biden called on Congress to pass an assault weapons ban after six people, including three children, were killed in a school shooting in Nashville, Tennessee on Monday, the White House said. It’s ripping our communities apart,” Biden said at the White House. "I call on Congress again to pass my assault weapons ban." REUTERS/Blair GableBiden, a Democrat, has repeatedly called for a renewed assault weapons ban and stricter rules on gun sales, measures that need to pass Congress. White House spokesperson Karine Jean-Pierre told reporters before Biden spoke.
White House says U.S. banking system is safe
  + stars: | 2023-03-27 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, March 27 (Reuters) - The White House said on Monday that the U.S. banking system is safe despite stress on some institutions after two American banks collapsed, ratcheting up fears of a contagion that prompted U.S. officials to respond. "Because of the decisive actions that we have seen ... from our administration, the banking regulators and also the Treasury Department, the banking system is safe," White House spokesperson Karine Jean-Pierre told reporters. Reporting by Jeff Mason; writing by Jasper Ward; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.
Cambridge do double on Oxford in boat race
  + stars: | 2023-03-26 | by ( ) www.reuters.com   time to read: +1 min
[1/5] Rowing - University Boat Race - Oxford v Cambridge - River Thames, London, Britain - March 26, 2023 Cambridge in action ahead of Oxford on their way to winning the men's race Action Images via Reuters/Peter CziborraLONDON, March 26 (Reuters) - Cambridge's male and female rowers claimed a double over Oxford in the university boat race on the River Thames on Sunday. Earlier the women's crew were dominant as they beat Oxford for a sixth successive time. "The rush of emotions when we crossed the line, there's nothing like it," Cambridge men's cox Jasper Parish, whose brother Ollie was also part of the team, said. Cambridge's women's crew won by four and a half lengths although Oxford complained of encroachment. Cambridge lead the rivalry 47-30 in the women's event, while Cambridge men have won 86 times to Oxford's 81.
“VCs think this is the new internet,” a generative AI founder in the United States told Reuters. While the closure of Silicon Valley Bank may hamper debt financing, venture capitalists said interest in funding AI startups remains high, especially for top early-stage founders. Investors sense opportunity, even for a sale if not an initial public offering; some are betting that AI startups might outpace bigger rivals, encumbered by their size. You.com, a search engine company founded in 2020 and backed by Salesforce’s CEO Marc Benioff, has found new life from incorporating generative AI technology. It has attracted more attention from users and investors, handling millions of searches per day, the company told Reuters.
U.S. President Joe Biden speaks during a joint news conference with Canadian Prime Minister Justin Trudeau, in Ottawa, Ontario, Canada, March 24, 2023. REUTERS/Blair GableOTTAWA, March 24 (Reuters) - U.S. President Joe Biden on Friday said the United States is prepared to "act forcefully" to protect Americans, commenting after the U.S. military carried out air strikes against Iran-backed forces in retaliation for an attack that killed an American contractor and wounded five U.S. troops. "Make no mistake: the United States does not ... seek conflict with Iran, but be prepared for us to act forcefully to protect our people," Biden told reporters during an official visit to Canada. Reporting by Andrea Shalal; writing by Jasper Ward; editing by Tim AhmannOur Standards: The Thomson Reuters Trust Principles.
WASHINGTON, March 3 (Reuters) - The United States announced a new military aid package for Ukraine on Friday worth $400 million primarily comprised of ammunition, but for the first time will include tactical bridges to move tanks and armored vehicles. The additional ammunition is being sent to help boost stocks in anticipation of a spring offensive. "Importantly, assault bridges are only critical for offensive operations showing that the US is preparing Ukraine to continue retaking its territory," Watling added. In January, Berlin agreed to send Leopard tanks to Ukraine and said it would work with allies to send more. Reporting by Mike Stone and Jasper Ward; Editing by Tim Ahmann and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
WASHINGTON, March 3 (Reuters) - The White House said on Friday that it was "dangerous and unacceptable" for elected officials to target women's access to federally approved medication abortion pills. White House Press Secretary Karine Jean-Pierre holds a press briefing at the White House in Washington, U.S., March 1, 2023. REUTERS/Leah MillisWalgreens announced on Thursday it would not dispense abortion pills in the 20 states where attorneys general have told the pharmacy chain it risked breaking the law should it provide them through the mail. "Elected officials targeting pharmacies and their ability to provide women with access to safe, effective and FDA-approved medication is dangerous and just unacceptable," Karine Jean-Pierre, press secretary for the White House, said when asked about the pharmacy's announcement. Reporting by Jasper Ward; Editing by Tim AhmannOur Standards: The Thomson Reuters Trust Principles.
One reason the British-born artist Cecily Brown, 53, came to New York in 1994 was that she wanted to paint, and in the London of Sarah Lucas and Damien Hirst, with their fried-egg-and-kebab sculptures and sharks in formaldehyde, that urge was regarded as rather retrograde. But the other reason was, as she says, “I’m a nepo baby in London, and here people don’t know so much that my dad was a big cheese.”One reason the British-born artist Cecily Brown, 53, came to New York in 1994 was that she wanted to paint, and in the London of Sarah Lucas and Damien Hirst, with their fried-egg-and-kebab sculptures and sharks in formaldehyde, that urge was regarded as rather retrograde. Sylvester had always been interested in Brown’s painting, introducing her to famous artists like Jasper Johns and Richard Serra and taking her to see a show with Francis Bacon, whose work he’d championed for decades, curating exhibitions and publishing a book of their interviews. In art school, Brown recalls, “Bacon was the reigning king, and [Sylvester’s] interviews with Bacon were pretty famous among art students.” But in New York, she says, Sylvester’s “name doesn’t necessarily ring a bell, which I think was one of the main reasons I wanted to live here…. The art world here just felt so much bigger.”
Buzzy generative AI startups have so far avoided the troubles plaguing the rest of the tech world. Here are the five diligence questions investors are asking generative AI startups, according to VCs. But for generative AI startups, 2023 has been much of the same — and that hasn't been a bad thing. Insider spoke with eight of these VCs about the top five questions they're asking generative AI startups during diligence processes. One hallmark of generative AI startups are their eye-staggering round sizes.
AI search engine startup Perplexity AI is raising a funding round led by NEA, Insider has learned. The deal aims to raise between $20 and $25 million at a $150 million post-money valuation, according to sources. The fundraise continues the trend of large rounds and valuations in the buzzy generative AI space. AI search engine startup Perplexity AI is in talks to raise a funding round led by NEA, according to three people with knowledge of the financing who were not authorized to speak publicly. Perplexity AI cofounder and CEO Aravind Srinivas declined to comment.
The documentary shows jungle ants whose brains have been addled by a real parasitic fungus called cordyceps that acts like a neurotransmitter inside them. Cordyceps growing out of an ant. photo: Jasper Nance/Flickr
This elation has lulled Wall Street into a false sense of security, according to the investing world's elite who I've spoken with over the past few weeks. It's like all the good little boys and girls on Wall Street asked for a rally for Christmas and got it. He added that nonprofessional retail investors' strong return to the market indicated an unsustainable rally. Anytime Wall Street has forgotten that over the past year, it has gotten punished. And that means Wall Street will eventually have to open its eyes, take its fingers out of its ears, and watch this bear-market rally fall apart.
The estate of publishing magnate Samuel Irving Newhouse Jr. took note last fall when collectors clamored after Microsoft co-founder Paul Allen’s $1.6 billion record-setting estate sale. Heartened by the art market’s resilience, the publisher’s family said Tuesday it plans to follow suit—auctioning off more of Mr. Newhouse’s own trove this spring. The move marks the third time the Newhouse estate has plied his pieces into sales since he died six years ago at age 89—a trickling strategy that contrasts with the theatrical, everything-must-go atmosphere conjured when Mr. Allen or the Rockefellers before him sold off vast art holdings all at once. The 16 latest works consigned to Christie’s for its coming New York sales in May represent a fraction of the art amassed over the decades by Condé Nast’s chairman emeritus, but the batch is estimated to top $144 million and will showcase his taste for a broad sweep of artists, including Pablo Picasso, Francis Bacon, Jasper Johns and Lee Bontecou.
AI startup Jasper hosted what it claims was the first conference dedicated to generative AI. The mood was reminiscent of the hype around crypto, but attendees say generative AI is here to stay. Thomas Maxwell/InsiderInsiders say generative AI is not just a fadGenerative AI has already run into some road bumps. Anthropic's Amodei said that consumers, businesses, and developers alike are moving at "record speeds" to adopt generative AI. Thomas Maxwell/InsiderWhat's different with generative AI is that large language models have been quietly in development for some time, , executives said.
They were there to discuss the latest craze capturing the attention of the tech world: generative artificial intelligence. The underlying AI software powering ChatGPT, a kind of machine-learning technology known as a "large language model," isn't new. As Bessemer Venture Partners' Sameer Dholakia told audience members, generative AI could change "the lives of billions of people." Blackwell credits OpenAI and ChatGPT with showing people what's possible with generative AI, shining a spotlight on the industry at large. But for one day in San Francisco, generative AI was more than just a tool.
Insider rounded up the top 13 AI- and ML-focused VC firms that founders should know. These funds have invested in hot startups like Adept, Hugging Face, Weights & Biases, and Synthesia. In a year marked by turmoil and uncertainty, artificial intelligence has been a bright spot for tech investors and startup founders alike. Despite the hype, a group of VCs have been so bullish on AI and ML that they've created entire firms dedicated exclusively to investing in the space. Here are the top 13 venture-capital firms dedicated to artificial-intelligence and machine-learning investing that founders should know:
The Arena Group, which licenses the rights to publish Sports Illustrated, says it plans to use AI tools across its brands. The publisher of Sports Illustrated and other outlets is using artificial intelligence to help produce articles and pitch journalists potential topics to follow, the latest example of a media company investing in the emerging technology. The Arena Group Holdings, whose publications include TheStreet, Men’s Journal and Dealbreaker, said it is working with AI startups Jasper and Nota as part of an effort to generate stories that pull information from its own library of content. The company is also using technology from OpenAI, the creator of ChatGPT, a chatbot that has generated considerable buzz among consumers and businesses due to its humanlike, content-producing capabilities.
The Arena Group, which publishes fitness and lifestyle content, is the latest in media to tap into AI. The company announced its deal with generative AI startups Jasper and Nota to help make posts. The Arena Group said that it's been testing the AI bot technology in part by feeding old content through it. For instance, the Men's Journal article, "The Best Ways for Men Over 40 to Maintain Muscle" was in part the product of AI technology that had scanned "17 years" of content from the Men's Fitness section of Men's Journal, according to a statement by The Arena Group. Other media companies looking to jump on the OpenAI tech bandwagon include BuzzFeed, which is planning to use AI to help make quizzes.
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