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[1/2] This image shows the jet and shadow of the black hole at the center of the M87 galaxy together for the first time. The supermassive black hole pictured resides at the center of a relatively nearby galaxy called Messier 87, or M87, about 54 million light-years from Earth. This black hole, with a mass 6.5 billion times that of our sun, was the subject of the first image of such an object ever obtained, released in 2019, with another black hole pictured last year. Seeing the entire scene in the vicinity of a supermassive black hole can be insightful. The EHT project has yielded the images of the two supermassive black holes.
Nobody Told Mercedes-Benz About Elon Musk’s Price War
  + stars: | 2023-04-21 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
Mercedes-Benz’s big margins in recent quarters are a transitory phenomenon, according to investors. Photo: thomas kienzle/Agence France-Presse/Getty ImagesThere was no sign of Tesla ’s price war in first-quarter results from Mercedes-Benz , but investors are still betting a tougher market will catch up with the luxury brand. Mercedes-Benz reported an operating margin of 14.8% in its flagship car division, among other quarterly highlights, after the market closed on Thursday. The surprise numbers came ahead of its scheduled quarterly results day on April 28, in line with German law that requires it to release results early if they are substantially different from the analyst consensus. For the first time in a few quarters, the operating margin compares favorably with the 11.4% level reported by Tesla on Wednesday, which would have been 9.4% excluding regulatory credits.
Charles Stanley, an influential Baptist pastor who for more than 50 years preached a conservative message from his Atlanta megachurch, through an extensive network of television and radio stations, and in many books, died on Tuesday at his home in Atlanta. In Touch Ministries, Dr. Stanley’s nonprofit organization, announced his death but did not state a cause. As the senior pastor at First Baptist Church in Atlanta, Dr. Stanley was known as one of the leading American preachers of his time, alongside figures like the Rev. He was also a board member of the Moral Majority, the right-wing religious organization, and a close friend of its founder, the Rev. “Evangelicals just loved him,” Barry Hankins, a professor of history at Baylor University who, with Thomas Kidd, wrote “Baptists in America” (2015), said in a phone interview.
Former GOP House members are slamming Justice Clarence Thomas over his cozy relationship with a billionaire. One of Thomas' fellow conservatives says he "should not be allowed anywhere near a judicial decision." Because Justice Thomas knew it was wrong to accept these secret gifts." Former GOP Virginia House member Denver Riggleman reacted to ProPublica's report on Twitter, saying "Our country is poisoned from within. Another former Republican House member Adam Kinzinger tweeted "Regardless of your politics, this cannot be acceptable."
Amazon still refuses to recognize the union or come to the bargaining table, dashing the Staten Island workers’ hopes of creating their first contract. Union organizer Christian Smalls (L) celebrates following the April 1, 2022, vote for the unionization of the Amazon Staten Island warehouse in New York. “I told Christian, ‘We have a problem, you need to stop traveling, you need to focus on the workers,’” Goodall told CNN. The company has claimed the independent federal agency tasked with overseeing union elections exerted “inappropriate and undue influence” with the Staten Island effort. An Amazon employee signs a labor union authorization for representation form outside the Amazon LDJ5 fulfillment center in the Staten Island borough of New York, on Monday, Feb. 7, 2022.
Google Workspace, formerly known as G Suite, now has over 9 million paying organizations. Workspace announced Tuesday that it will start rolling out more generative AI features. Now, it's also rolling out new AI features across the Workspace suite. Workspace's biggest competitor is Microsoft Office, whose Office 365 product has 345 million paid commercial seats as of last year and has a stronghold among large enterprise customers. Workspace's latest push into generative AI, as well as its cloud-first products, could help give it an edge.
Google is bringing AI chat to Gmail and Docs
  + stars: | 2023-03-14 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Google is deepening its push into generative artificial intelligence, introducing features Tuesday that will let users create text in Gmail and Docs using the company's AI technology. The company is testing the AI products and making them accessible for a limited number of users of Workspace, which includes Gmail and Google's productivity tools. Microsoft, a major investor in OpenAI, will discuss AI and productivity software at an online event hosted on LinkedIn on Thursday. Google said that later this year it plans to bring out additional AI features to Workspace, including formula generation in Sheets, automatically generated images in Slides and note-taking in Meet. Last month, Google said it will add AI features to its dominant internet search engine.
Google Cloud CEO Thomas Kurian spent much of his time at a partner meeting talking about Workspace, tweeted Tony Safoian, CEO of Google Cloud partner SADA Systems. "Around the globe, more than nine million paying organizations, and more than three billion users rely on Google Workspace for communication and collaboration. Other major customers like Deutsche Bank use Google Cloud for cloud infrastructure, but Microsoft Office for collaboration software. Forty-four percent of software procurers whose organization plans to or currently uses Microsoft's collaboration software also use Google Workspace, according to the 2022 Forrester study. While Google Cloud is still unprofitable, it has decreased losses to $480 million, down from $890 million last year.
"This next phase is where we're bringing human beings to be supported with an AI collaborator, who is working in real time," Thomas Kurian, Chief Executive of Google Cloud, said in a press briefing. Google said customers can fine-tune its AI model with their own data while keeping the information and benefits proprietary. Google aims for its AI to "transform" the work of marketers, lawyers, scientists and educators, according to the video. The Mountain View, California-based company announced a partnership with high-profile AI research lab Midjourney, with Google to provide cloud infrastructure including its custom "TPU" chips. Kurian said Google remains "deeply committed to responsible AI," giving controls to customers and reviewing proper use of its products.
LONDON, March 9 (Reuters) - Bank of America (BAC.N) has made a handful of senior appointments within its investment banking team advising European technology, media and telecom (TMT) companies, an internal memo seen by Reuters showed. The memo, which was confirmed by a Bank of America spokesperson, said the U.S. bank has named veterans Alexandre Gafsi and Emmanuel Hibou as chairs of TMT Investment Banking in Europe, the Middle East and Africa (EMEA) to "focus fully on covering some of our key clients". It has also appointed Thomas Koehrer and James Robertson as co-heads of TMT Investment Banking for the EMEA region. Peter Luck, who has been co-head of UK Investment Banking with Robertson, is now taking over full UK responsibilities. Reporting by Amy-Jo Crowley; Additional reporting by Pablo Mayo Cerqueiro; Editing by Elisa Martinuzzi and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
[1/2] Shoppers wait in line outside a Bath and Body Works retail store in Brooklyn, New York, U.S., December 8, 2020. REUTERS/Brendan McDermid/File PhotoNEW YORK, March 6 (Reuters) - Bath & Body Works Inc (BBWI.N) on Monday named veteran financial executive and board member Thomas Kuhn as a new director, ending a potential challenge from billionaire investor Daniel Loeb's hedge fund Third Point. "Tom’s 35 year history as a respected financial and legal advisor, including working with consumer companies, will bring an important perspective to Bath & Body Works as it focuses on its key strategic initiatives to maximize shareholder value," Bath & Body Works board chair Sarah Nash said in a statement. Bath & Body Works, which is valued at roughly $10 billion, has been operating as a standalone company since 2021. At Bath & Body Works the company was advised by law firm Wachtell Lipton Rosen & Katz, financial services company J.P. Morgan Chase & Co, proxy solicitor Innisfree M&A Inc and public relations firm Joele Frank.
I'm digging deep to feel the inner Elon that Salesforce CEO Marc Benioff apparently experiences. In an exclusive interview with my colleagues Ashley Stewart and Ellen Thomas, Benioff said executives are all currently asking themselves: "Do they need to unleash their own Elon within them?" Leaked audio reveals Google Cloud CEO giving a fiery speech on AI. During an internal town hall, Thomas Kurian slammed people for saying Google is late to the AI competition. Media companies are eyeing a big payout from Big Tech for using their content this way.
Google Cloud CEO Thomas Kurian last month reiterated the company's commitment to AI. Google is in a tough spot as competition in AI chatbots heats up with ChatGPT and Microsoft. I would tell you this is the very first minute of a new game, and the game is never done in the first minute. Google CEO Sundar Pichai has asked employees to commit two to four hours to training Bard, which further indicates the urgency with which it's moving. Some Google employees have internally mocked the Bard announcement and expressed frustration over the added work in testing the AI chatbot, Insider previously reported.
Newsday Llc | Newsday | Getty Images3.3 million cars were leased in 2020An estimated 3.3 million leases were originated in 2020, according to Edmunds. "February 2023 trade-in equity is still more than double the pre-pandemic level," said Thomas King, president of the data and analytics division at J.D. Leased models that have the most extra valueAmong cars leased in 2020, the Mercedes-Benz GLS-Class has the highest dollar difference between current trade-in value ($62,257) and its originally estimated residual value ($50,942). The Toyota Sienna has a trade-in value ($30,207) that's $8,741 (or 41%) higher than the $21,465 residual value. If you want to try capitalizing on the positive equity as a trade-in or for cash, start by finding what your vehicle is worth.
The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, according to Cox Automotive data provided to Reuters. Inventory levels are over 100 days’ supply for rival Stellantis NV's (STLAM.MI) Ram half-ton and heavy-duty pickups. Stellantis said in a statement it had no downtime planned at any of its North American plants, but constantly reviewed its inventory levels and would make production adjustments as needed. February sales growth was led by a 54% increase in sales to fleet customers, Power and LMC said. Especially for trucks," said Ohio dealer Rhett Ricart, whose Ricart Automotive Group sells Ford and GM trucks at different stores.
Google Cloud staff have been asked to share desks and attend the office on alternate days. A Google spokesperson told Insider the move would allow it to use its spaces more efficiently. The decision will apply to Google Cloud staff in the division's five largest US locations – including New York City and San Francisco – with some buildings left empty as a result, an internal FAQ seen by CNBC showed. Google Cloud CEO, Thomas Kurian, told employees last month the division would continue to "invest for growth." A Google spokesperson told Insider: "Our data show Cloud Googlers value guaranteed in-person collaboration when they are in the office, as well as the option to work from home a few days each week.
Uber Signs Cloud Deals With Google and Oracle
  + stars: | 2023-02-13 | by ( Belle Lin | ) www.wsj.com   time to read: +5 min
Over 95% of Uber’s IT is currently housed in those data centers, he said. Uber declined to comment on how it plans to spread its data and applications between Google and Oracle’s cloud platforms. While Uber and Google have an existing partnership, the new cloud deal brings them closer together in other areas including launching new services, said Google Cloud Chief Executive Thomas Kurian. With Oracle, Uber is planning to integrate its freight business into Oracle’s cloud-based enterprise resource planning system, as well as other database-related projects, said Oracle Cloud Executive Vice President Clay Magouyrk. Mr. Zargahi said Uber eventually expects the cloud to cost less than its data centers, and will not renew certain data center leases as it moves to the cloud.
Over 95% of Uber’s IT is currently housed in those data centers, he said. Uber declined to comment on how it plans to spread its data and applications between Google and Oracle’s cloud platforms. PREVIEWA tipping point came during the Covid-19 pandemic, when supply-chain disruptions pushed IT hardware delivery timelines to more than 12 months, according to Mr. Zargahi. Mr. Zargahi said Uber eventually expects the cloud to cost less than its data centers, and won’t renew certain data center leases as it moves to the cloud. With Oracle, Uber also is planning to integrate its freight business into Oracle’s cloud-based enterprise resource planning system, as well as other database-related projects, said Oracle Cloud Executive Vice President Clay Magouyrk.
Shares in EnBW rose 5.5% after the news to end the day at their highest level in five weeks. The savings banks in Baden-Wuerttemberg, where EnBW is based, are part of the final bidding round, their president Peter Schneider said last week. KfW, EnBW and CIP declined to comment. EnBW Chief Financial Officer Thomas Kusterer in November said EnBW hoped to conclude the sales process in early 2023. ($1 = 0.9297 euros)Reporting by Christoph Steitz and Markus Wacket Editing by Miranda Murray and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
San Francisco-based HR startup Cleary has raised $4.5 million in a seed round led by Moonshots Capital. We got a look at the 18-slide pitch deck Cleary used to raise the fresh funds. A US startup that has designed a digital platform to engage and connect remote and hybrid employees just raised $4.5 million. This follows Cleary's $3 million pre-seed raise, bringing the startup's funding to $7.5 million. Check out the 18-slide deck used to raise the fresh funds.
What the Fed's rate hike means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. As the federal funds rate rises, the prime rate does, too, and credit card rates follow suit. After rising at the steepest annual pace ever, the average credit card rate is now 19.9%, on average — an all-time high. Student loans Federal student loan rates are also fixed, so most borrowers won't be impacted immediately by a rate hike. Savings accounts On the upside, the interest rates on some savings accounts are higher after a run of rate hikes.
Five members of a German extremist group were charged with treason for a coup plot. This belief ties in with the country's nascent Reichsbürger movement, or "Citizens of the Reich," which does not recognize Germany's current parliamentary democracy as legitimate. As of 2022, there are approximately 23,000 Reichsbürger members in Germany, the Federal Office for the Protection of the Constitution estimated. Getty ImagesThis week's indictment follows another widely reported coup attempt — one that the principles of the Reichsbürger movement also guided. The multiple coup attempts and the rise of the Reichsbürger movement point to a growing trend of extremist ideology in Germany and across the European continent.
They had hoped to represent a much larger class of artists who filed termination notices with UMG. A provision of U.S. copyright law allows artists to terminate agreements to transfer their copyrights and reclaim them after decades in some circumstances. Kaplan said Friday that the musicians could not represent a broader class of artists who sent termination notices to UMG with effective dates between 2013 and 2031. A related lawsuit filed against Sony Music by musicians including former New York Dolls singer David Johansen has been paused since 2021 for settlement discussions. The UMG case is Waite v. UMG Recordings Inc, U.S. District Court for the Southern District of New York, No.
Google CEO Sundar Pichai led the companywide meeting and told employees that executives will see their bonuses cut. "I understand you are worried about what comes next for your work," Pichai said. Prior to the job cuts, Google had made the decision to pay out 80% of bonuses this month with the rest expected in March or April. Thomas Kurian, the CEO of Google Cloud, offered some perspective on the areas that saw cuts. Last month, Google employees asked executives at an all-hands meeting whether the AI chatbot ChatGPT represents a "missed opportunity" for Google."
Google Cloud CEO Thomas Kurian sent a memo to staff addressing the layoffs. As Google lays off 12,000 employees, its cloud boss Thomas Kurian sent a memo to employees within the unit to address the cuts. Google has viewed Google Cloud as a major driver of growth to provide an alternative source of revenue to supplement its massive advertising business. "We are sincerely grateful for the contributions each of these people have made to our business," Kurian wrote in a memo to Cloud employees. A Google Cloud spokesperson did not immediately respond to a request for comment.
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