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UK general election: Why the economy is the key issue
  + stars: | 2024-06-04 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +7 min
Sunak will likely point to falling inflation and a strengthening economy as proof that his plan to “restore economic stability” is working. Here’s what data shows has happened to wages, living standards, the value of the pound, house prices and waiting times for medical treatment on the NHS. “Poor income growth has been an unfortunate feature of economic life in the UK over the last 15 years. On average, households now spend more than 29% of their after-tax income on rent, up from 24% in 2010, according to Zoopla, a property company. NHS waiting lists have grown steadily since the onset of the Covid-19 pandemic, contributing to worker shortages in the UK.
Persons: Rishi Sunak, Keir Starmer, Tony Blair, Sunak, YouGov, Labour Party Keir Starmer, Jeff J Mitchell, Alastair Grant, Tom Waters, , , Nick Ridpath, Liz Truss, “ Brexit, Clare Lombardelli, Brexit Organizations: London CNN, Conservative Party of, European Union, Labour Party, Labour, National Health Service, Conservatives, Britain's, Institute for Fiscal Studies, Conservative, Bank of England, Office, National Statistics, NHS Locations: Ukraine, United Kingdom, , United States, Germany, Britain, England
There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.
Persons: Morgan Wright, , streetlights, Paula Gori, , Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, , , Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow
For example, a recent study conducted with 2,700 AI researchers indicated there's only a 5% chance that AI will lead to human extinction. The AI researcher teaches computer science at the University of Louisville and just came out with a book called "AI: Unexplainable, Unpredictable, Uncontrollable." Yampolskiy said he finds that unlikely since no AI model has been completely safe from people attempting to get the AI to do something it wasn't designed to do. AdvertisementGoogle AI Overviews, based on Google's Gemini AI model, is the latest product rollout that didn't stick the landing. The CEO of ChatGPT developer OpenAI, Sam Altman, has suggested a "regulatory sandbox" where people experiment with AI and regulate it based on what "went really wrong" and what went "really right."
Persons: , Lex Fridman, Fridman, Roman Yampolskiy, Yampolskiy, they've, Biden, Sam Altman, Altman, there'll, ChatGPT, Elon Musk, Eric Schmidt, Schmidt Organizations: Service, Business, University of Louisville, Google Locations: Africa
Instagram is testing a feature that makes some ads unskippable. YouTube has a similar strategy, which requires non-paying users to view ads before watching videos. AdvertisementQuickly scrolling past AI-generated ads on Instagram that you don't care to see could soon no longer be an option. With Reels, Instagram became more like TikTok. Instagram is testing out a feature that stops some users from scrolling for a brief period of time to watch an ad, a Meta spokesperson confirmed in a statement to Business Insider.
Persons: , Instagram Organizations: YouTube, Service, Business
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. "We can't seem to mount any sort of rally for the likes of Club stocks Eaton and Dover . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, that's, Cramer, Jim, Dell, Brown, Forman, we'll, Jim Cramer's, Michael Dell, Kike Rincon Organizations: CNBC, Labor, Procter, Procter & Gamble, Costco, May, Services, Jim Cramer's Charitable, Dell Technologies, MWC, Mobile World Congress, Fira, Gran, Europa Press, Getty Locations: Procter &, Costco, Eaton, Dover, CrowdStrike, Campbell Soup, L'Hospitalet de Llobregat, Barcelona, Catalonia, Spain
Milan, Italy CNN —Archaeologists have unearthed an intricately decorated blue room, interpreted as an ancient Roman shrine known as a sacrarium, during recent excavations in central Pompeii in Italy. Italian Ministry of CultureThe walls of the room feature female figures that are said to depict the four seasons of the year, as well as allegories of agriculture and shepherding. The new discovery came amid excavations in the Regio IX area of central Pompeii, a residential area that is currently one of the most active excavation sites for new findings. The project aims to improve the structure of the area, making the “protection of the vast Pompeiian heritage… more effective and sustainable,” the culture ministry said. Italian Ministry of CultureLast week, it was reported that archaeologists in Pompeii had uncovered children’s sketches depicting violent scenes of gladiators and hunters battling animals.
Persons: Gennaro Sangiuliano Organizations: Italy CNN —, of Culture, Italian Ministry of, Italian Ministry of Culture Locations: Milan, Italy, Pompeii, Regio IX
Taipei/Hong Kong CNN —Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. But competition is growing, with major competitors AMD (AMD) and Intel (INTC) introducing new products in an effort to challenge Nvidia’s dominance. The new chip will succeed the MI300 and feature more memory, faster memory bandwidth and better computer performance, Su added.
Persons: Jensen Huang, Rubin, Blackwell, Vera, Huang, , Richard Windsor, Lisa Su, ” Su, MI300X, Su, MI400, Patrick Gelsinger Organizations: Hong Kong CNN, Nvidia, AMD, Intel, National Taiwan University, Radio Free Mobile Locations: Taipei, Hong Kong, Taiwan, , we’re, Computex
NVDA .SPX 1Y mountain Nvidia's stock performance over the past 12 months compared with the S & P 500. The fresh details Sunday underscore Nvidia's commitment to roll out a new version of its AI chip platform roughly every year, instead of the two-year cadence it used to follow. In a sign of the competition, Advanced Micro Devices , Nvidia's main rival in the booming AI chip market, also highlighted plans at Computex to release updated processors each year. The product announcements "continue to bolster" Nvidia's AI leadership position, Bank of America analysts wrote to clients Monday. The firm reiterated its price target of $1,500 per share and top-pick designation on Nvidia's stock.
Persons: Rubin, Blackwell, Jensen Huang, Taiwan —, Vera, Hopper, Grace, Vera Rubin —, what's, Goldman, Jim Cramer's, Jim Cramer, Jim, Sam Yeh Organizations: Nvidia, Devices, AMD, Microsoft, Blackwell, Smithsonian, Wall Street, Bank of America, CNBC, AFP, Getty Locations: Blackwell, Taiwan, Computex, Taipei
Dell , Super Micro , Vertiv , and Club stock Eaton all fell. Utilities that fulfill the growing power demands of AI data centers, such as Vistra and Constellation Energy Corp , were also lower. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Industrials, , Eaton, Dell, Jensen Huang, we're, Ferguson, Jim Cramer's, Jim, Mauricio Palos Organizations: CNBC, Institute for Supply, Federal Reserve, Utilities, Constellation Energy Corp, Nvidia, Body, Jim Cramer's Charitable, Eaton Corp, Bloomberg, Getty Locations: San Luis Potosi, Mexico
New York CNN —A new Utah lawsuit accuses TikTok of enabling the sexual exploitation of children through its livestreaming feature. TikTok live allows users to post live videos to the platform, where they can interact with viewers and respond to comments in real time. It also claims that TikTok has insufficient age verification and enforcement measures to ensure the app is being used safely. TikTok has repeatedly pushed back on claims that it is harmful to children’s wellbeing, saying it supports young users with various tools such as automatic time limits. The new Utah lawsuit, which is heavily redacted, claims TikTok has been aware of the misuse of its live feature but has failed to take adequate steps to address the issue.
Persons: TikTok, ” —, Sean Reyes, Michael Hughes, Joe Biden, Organizations: New, New York CNN, Utah Locations: New York, Utah, Arkansas, New York City, TikTok, United States, livestream
Opinion Guest Essay Why the Pandemic Probably Started in a Lab, in 5 Key Points Illustration by Mike McQuade. Here’s what we now know:1 The SARS-like virus that caused the pandemic emerged in Wuhan, the city where the world’s foremost research lab for SARS-like viruses is located. Wuhan China Taiwan Laos South China Sea Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. Wuhan China East China Sea india Taiwan Myanmar Laos South China Sea philippines Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. In the United States, virologists generally use stricter Biosafety Level 3 protocols when working with SARS-like viruses.
Persons: Mike McQuade, Anthony Fauci, , Shi Zhengli, Shi’s, Sarah Temmam et, Shi, coronavirus, EcoHealth, Peter Daszak, Biden, Daszak, Baric, Jesse Bloom, Fauci Organizations: Getty Images, National Institute of Allergy, Wuhan Institute of Virology, China East China, U.S, New York, Facebook Locations: United States, Wuhan, China, Yunnan, Southeast Asia, Laos, Yunnan province Taiwan Laos, Laos South China, Thailand, China East China, Taiwan Myanmar Laos South China, Laos philippines Thailand, Taiwan Laos South China, China East, philippines Thailand, Wuhan China Taiwan Laos South China, Wuhan China East China, China Wuhan East China, Covid, MERS
Ben Affleck and Jennifer Lopez preparing to film a scene on the set of their movie "Gigli" on December 19, 2001 in Los Angeles. Scott Alfieri/Getty ImagesAffleck starred as the titular character, a mobster named Larry Gigli, and Lopez portrayed a gangster named Ri cki. At the time, Lopez was married to Cris Judd, her second husband (she was briefly married to Ojani Noa prior to that). "When I met her we became really, really, really good friends," Affleck said. Affleck said that neither of them changed aspects of themselves, and they "became really good friends in a way that was very comfortable."
Persons: Lopez, Affleck, Ben Affleck, Jennifer Lopez, Scott Alfieri, Getty, Larry Gigli, Cris Judd, Ojani Noa, Judd, Jen Locations: Los Angeles
Margot Benacerraf, a critically acclaimed Venezuelan documentary filmmaker whose hypnotic “Araya,” a visual tone poem chronicling the daily lives of salt workers on an austere peninsula on her country’s coast, shared the critics’ prize at the 1959 Cannes Film Festival, died on Wednesday in Caracas. Her death was announced by the country’s culture minister. Hailed as a major figure of Latin American cinema, Ms. Benacerraf founded Venezuela’s national cinematheque and in 2018 was given the Order of Francisco de Miranda, honoring outstanding merit in the sciences and humanities, by the country’s president, Nicolás Maduro. But although Ms. Benacerraf was celebrated, she was not prolific. She made only two films in her career: “Reverón” (1952), a 23-minute documentary short about the reclusive later years of the Venezuelan artist Armando Reverón, and “Araya,” her sole feature-length work.
Persons: Margot Benacerraf, Araya, , Benacerraf, Francisco de Miranda, Nicolás, , Armando Reverón, “ Araya Organizations: Venezuela’s, cinematheque Locations: Venezuelan, Caracas
Microsoft will lay off some employees who work on mixed reality, a spokesperson told CNBC on Monday. Although the cuts will affect the department that contributes to the HoloLens 2 augmented reality headset, Microsoft plans to continue selling the device. "Earlier today we announced a restructuring of the Microsoft's Mixed Reality organization," the spokesperson said in an email. In addition, we will continue to invest in W365 to reach the broader Mixed Reality hardware ecosystem. In December, Microsoft further reduced investment in augmented reality and virtual reality, which blocks out the surrounding world, when it deprecated Windows Mixed Reality, which included tools for running applications in head-mounted displays.
Persons: Satya Nadella, Apple Organizations: Microsoft, CNBC, Department, U.S . Defense Department, Bloomberg, Nvidia, Vision, Microsoft Ignite, Meta Locations: Redmond , Washington, Seattle
For example, a recent study conducted with 2,700 AI researchers indicated there's only a 5% chance that AI will lead to human extinction. The AI researcher teaches computer science at the University of Louisville and just came out with a book called "AI: Unexplainable, Unpredictable, Uncontrollable." Yampolskiy said he finds that unlikely since no AI model has been completely safe from people attempting to get the AI to do something it wasn't designed to do. AdvertisementGoogle AI Overviews, based on Google's Gemini AI model, is the latest product rollout that didn't stick the landing. The CEO of ChatGPT developer OpenAI, Sam Altman, has suggested a "regulatory sandbox" where people experiment with AI and regulate it based on what "went really wrong" and what went "really right."
Persons: , Lex Fridman, Fridman, Roman Yampolskiy, Yampolskiy, they've, Biden, Sam Altman, Altman, there'll, ChatGPT, Elon Musk, Eric Schmidt, Schmidt Organizations: Service, Business, University of Louisville, Google Locations: Africa
CNBC Daily Open: Opec extends cuts, Nvidia showcases new chip
  + stars: | 2024-06-03 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. OPEC+ extends cutsOPEC and it allies agreed to extend official crude production cuts into 2025 amid lackluster demand. Saudi Arabia's energy minister Prince Abdulaziz bin Salman said OPEC+ wants concrete rate cuts before factoring in the potential impact on energy demand. New AI chip RubinNvidia unveiled its next generation artificial intelligence chip, Rubin, a mere three months after launching its Blackwell model.
Persons: Prince Abdulaziz bin Salman, Rubin, Blackwell, Dow, UnitedHealth, Bill Ackman, It's, Michael Khouw Organizations: CNBC, Saudi Aramco, Rubin Nvidia, AMD, Intel, Microsoft, Google, Dow Jones, Federal, Dow, Nasdaq, Nvidia, Tesla, Pershing, Moderna, Drug Administration, GSK, Pfizer Locations: OPEC, Saudi Arabia, Russia, Saudi, U.S, Moderna
Read previewA leaked copy of an internal Google database revealed thousands of privacy-related incidents from 2013 to 2018, according to a report from 404 Media published Monday. The leaked information, sent to 404 Media by an anonymous tipster, reveals flagged instances where Google's privacy guardrails may have failed. Another situation involved Google's Street View saving license plates due to an algorithm that detected text in images, according to the 404 Media report citing the leaked information. Few of the documented incidents were publicly reported, according to 404 Media. Google told Business Insider it implemented hundreds of new and additional protections over the last six years to ensure user security and privacy.
Persons: , they're Organizations: Service, Media, Business, Google
I'm good at my job, but it comes at a costIt's a site I wouldn't necessarily read myself, but I understand the assignment. AdvertisementIn addition to meetings and managing the day-to-day operations of our site, I'm in charge of an open-blogging, user-generated-content (UGC) platform, a project of which my bosses are especially proud. "Ambition Monster: A Memoir" by Jennifer Romolini is out June 4. Excerpted from Ambition Monster: A Memoir by Jennifer Romolini. Copyright 2024 Jennifer Romolini.
Persons: Tom Hanks, Kate, Jennifer Romolini, There's, I've, I'm, Alex, We've, revel Organizations: Service, Finance, Sports Locations: Silicon
Tribeca Festival will feature five short films made with OpenAI's Sora on June 15. Filmmakers received early access to Sora and created the films in just weeks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGenerative AI is making its debut at the Tribeca Festival, a 20-year-old New York film festival founded by actor Robert de Niro. In collaboration with OpenAI, the Tribeca Festival is set to premiere five short films created using artificial intelligence on June 15.
Persons: OpenAI's Sora, Creatives, , Robert de Niro, OpenAI Organizations: Tribeca, Filmmakers, Service, Business Locations: York
The in-house AI model called MAI-1 is said to be trained using a public dataset and text from ChatGPT, a source told The Information. AdvertisementThe company has a text-to-image generator called Microsoft Designer, which launched last year after being tested in December 2022. MetaMeta has an AI assistant called Meta AI. NurPhoto/Getty ImagesMeta has an AI assistant called Meta AI, which is run on its open-source LLM, Llama. It also has an AI image generator called Imagine, which launched in December and was trained on public Facebook and Instagram photos.
Persons: , Microsft, OpenAI, it's, Mustafa Suleyman, Shane Jones, VASA, Satya Nadella, OpenAI OpenAI, Sundar Pichai, OpenAI might've, Scarlett Johansson, OpenAI's chatbot, Sam Altman, Meta Meta Organizations: Service, Microsoft, Google, Apple, Business, Microsoft Microsoft, Microsft Microsoft, Federal Trade Commission, MAI, Lumiere Meta, Google Google, Meta, Facebook, Titan, Anadolu Amazon's, Olympus, Web Services, Amazon Locations: ChatGPT, Anthropic
Joshua Zitser/Business InsiderWhen Dascalescu, originally from Romania, moved to Mokošica in 2017 with his Croatian wife, Diana, buying a home in Dubrovnik wasn't financially viable. Now, Dascalescu and Marlais live on their own floor, beneath her brother and his children, who live beneath their parents. Joshua Zitser/Business InsiderThe popularity of this set-up comes down to price, according to a Croatian real-estate expert. AdvertisementPerhaps as a result, many Croatian millennials are stuck living at home well into their mid-30s — the highest average age in Europe. Given the lucrative potential of short-term rentals, Croatian homeowners might also be building rooftop apartments for tourists, to generate extra income, he added.
Persons: , Bogdan Dascalescu, Dascalescu, Joshua Zitser, Diana Marlais, Diana, Marlais, Bogdan Dascalescu's, Filip Brkan, Brkan, Ivan Vukovic, Nenad Lipovac, Lipovac, there's Organizations: Service, Business, Real Estate Business Association of, Croatian Chamber, Eurostat, UNESCO, University of Zagreb, BI Locations: Dubrovnik, Old Town, Mokošica, Independence, Romania, Croatian, Dubrovnik wasn't, Marlais, Croatia, Europe
In fact, for him at least, one is not about the other; Seinfeld openly disdains politics. Like Seinfeld, Carolla imagines parts of the 20th century as a better time. Women got more jobs and power (despite, Carolla writes, being “better at home with the kids than in the workplace”) and men became metrosexuals. The masculinity they defend is adamantly heterosexual, threatened not just by women but also by gay men and gender non-confirming people. In fact, the call for a return to 1950s-style masculinity has found a number of high-profile political supporters in recent years.
Persons: Nicole Hemmer, Carolyn T, Robert M, , Who, Jerry Seinfeld, ” Nicole Hemmer, Bari Weiss, Seinfeld, , Adam Carolla, , Carolla, Said Will, ” Bill Maher, aren’t, they’ve, Sen, Josh Hawley, Weiss, Maher, — can’t Organizations: Rogers Center, American, Vanderbilt University, “ Partisans, Conservative, CNN, The Free Press, Missouri Republican Locations: United States, , Missouri
When Sundar Pichai, Google’s chief executive, introduced a generative artificial intelligence feature for the company’s search engine last month, he and his colleagues demonstrated the new capability with six text-based queries that the public could try out. The questions included “how do you clean a fabric sofa” and “what should I use to get a coffee stain out of my carpet.” These were intended to highlight how Google’s new feature, A.I. Overviews, could generate full and useful information summaries above traditional search results. But by Friday, only one of the six queries still yielded an A.I. Users loudly complained on social media about the mistakes, in many cases outright making fun of Google.
Persons: Sundar Pichai Organizations: The New York Times, Care, Google
And now, 180 years later, international cricket returns to the US with the men’s T20 World Cup. Three venues across the country – in Lauderhill, Florida, New York and Dallas – have been constructed to host T20 World Cup games. The Grand Prairie Cricket Stadium in Dallas, Texas, will host the first game of the men's 2024 T20 World Cup. The Kensington Oval in Bridgetown, Barbados, will host the men's T20 World Cup final. How to watchThe 2024 men’s T20 World Cup begins on Saturday, June 1, with the two North American debutants – the US and Canada – opening proceedings against one another.
Persons: cricket’s, , US –, Dallas –, Lauderhill, Shelby Tauber, ” Victor Cruz –, New York Giants –, Monank Patel, Corey Anderson, Anderson, Ali Khan, Khan, , Brian Lara, Viv Richards, Chris Gayle, Randy Brooks, St, Vincent, “ I’ve, Frank Nsubuga, Joel Ford, Organizations: CNN — Cricket, Major League Cricket, US, Dallas, Nassau County International Cricket, Prairie Cricket, Bloomberg, Getty, Inter Miami, Major League Soccer, New York’s Major League Baseball, Adelaide Oval, , New York Giants, New Zealand, Black Caps, Guardian, Caribbean . Cricket, West Indies, Kensington, North, Reuters, ICC, Grand Prairie Cricket, West, Sunday, Sky Sports, UK Star Sports Network, Disney Locations: Manhattan, Caribbean, Lauderhill , Florida , New York, Nassau, New York, India, Pakistan, Dallas , Texas, Florida, Australia, York, Ohio, Trinidad and Tobago, Guyana, Barbados, Bridgetown, AFP, Barbuda, Saint Lucia, Grenadines, Uganda, Canada, Papua New Guinea
Borussia Dortmund, one of Germany’s most successful soccer clubs, is rooted in the industrial Ruhr region and prides itself on retaining its working-class roots, community engagement and anti-establishment mentality. That’s why, in the week before one of the biggest games in the club’s history, some Dortmund fans are angry about a sponsorship deal with Rheinmetall, a major German weapons producer. Everyone from club officials to lawmakers have weighed in on the move, which has provoked a debate about the normalization of the military in German society. Still, many fans would rather just focus on Dortmund’s appearance in the showcase game of the European season, the Champions League final on Saturday against Real Madrid. Generations of Germans, raised on the postwar idea that “never again” should their nation foment an armed conflict, remain uneasy associating with the defense industry.
Persons: , Organizations: Borussia Dortmund, Dortmund, Rheinmetall, Champions League, Real Madrid Locations: Dortmund’s, United States, Germany
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