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Read previewOpenAI doesn't want you to know how its new AI model is thinking. "Given this, we are resetting the counter back to 1 and naming this series OpenAI o1," OpenAI said. The o1 model is able to reason more like humans, in part because of its prompting technique known as "chain of thought." AdvertisementWhen ChatGPT users ask the o1 model a question, they have the option to see a filtered interpretation of this chain of thought process. OpenAI acknowledged in the post that the decision to hide the o1 thought process from consumers has "disadvantages."
Persons: , OpenAI Organizations: Service, o1, Business, Wired
Mayor Rob Rue told CNN the city’s population has grown about 25% over the past three years, in part due to the arrival of Haitian immigrants. Volunteer teacher Hope Kaufman leads Haitian students during an English language class at the Haitian Community Help and Support Center in Springfield, Ohio, on September 13, 2024. They’re very happy to have them there, and frankly, that’s helped the economy.”Has something changed with Haitian immigration to the US? Members of the Haitian community in Springfield, Ohio — from left, Lindsay Aime, James Fleurijean, Viles Dorsainvil and Rose-Thamar Joseph — stand for worship at Central Christian Church on September 15, 2024. But in an interview with ABC’s “This Week,” the Republican governor stressed the economic benefit the Haitian immigrants are bringing to the city.
Persons: Margery Koveleski, she’s, , who’s, Last, Rob Rue, Chris Cook, , Hope Kaufman, Roberto Schmidt, CNN’s Omar Jimenez, Mike DeWine, that’s, Biden, Nicaraguans, it’s, who’ve, they’d, Cook, Julia Gelatt, ” Gelatt, , ” What’s, “ Haiti’s, Donald Trump, Lindsay Aime, James Fleurijean, Viles Dorsainvil, Thamar Joseph —, Jessie Wardarski, Sens, Sherrod Brown of, Tim Scott of, Bryan Heck, ABC’s, ” CNN’s Chelsea Bailey, Omar Jimenez, Meridith Edwards, Chris Boyette, Jack Forrest, Priscilla Alvarez Organizations: CNN, American Community Survey, Springfield City Council, AFP, Getty, ” Ohio Gov, ABC, United, US Customs, Department of Homeland Security, Officials, Citizenship, Immigration Services, House Homeland Security, Central Christian Church, City, Republican Locations: Springfield, Ohio, Haitian, Clark County, , ” Clark County, Koveleski, Springfield , Ohio, , Macy’s, ” Ohio, “ Ohio, United States, Haiti, South America, Miami, Ft . Lauderdale, New York City, Canada, Cincinnati, Columbus, What’s, Sherrod Brown of Ohio, Tim Scott of South Carolina
Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. DoorDash — The food delivery stock rose more than 3% after an upgrade to buy from neutral at BTIG. Alibaba – Shares rose more than 4% after the Chinese e-commerce company launched more than 100 open-source artificial intelligence models and a text-to-video tool. FedEx — Shares rose more than 1% ahead of the shipping giant's first-quarter earnings report due after the bell.
Persons: Uber, Jefferies, chipmakers, FactSet, Alibaba, Max, Stocks, bitcoin, — CNBC's Sean Conlon, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Sarah Min, Michelle Fox Theobald Organizations: Darden, Olive, NextEra Energy, Nvidia, Arm Holdings, Micron, Micron Technology, FedEx —
They received some relief on Wednesday when the Federal Reserve cut interest rates by 50 basis points, which will lower mortgage costs. Federal Reserve chair Jerome Powell said the "real issue" behind high prices in the U.S. housing market is a lack of supply, which isn't "something the Fed can really fix." With rates dropping, Powell also said that "more people are likely to start moving," which could boost home sales. Powell also said that shelter costs in the CPI tend to lag behind real-time prices, so the recent slowdown in home and rent prices prices isn't fully reflected yet. The best thing the Fed can do for U.S. households is get "inflation broadly down" and reduce the cost of borrowing by "normalizing" interest rates, Powell said.
Persons: Jerome Powell, There's, Powell's, Powell, it's Organizations: Federal Reserve, Federal, National Association of Realtors, Consumer, CNBC Locations: U.S
Monthlong heat waves. AdvertisementLocal climate hazardsTo make predictions at a city level, Mackres said WRI built on global climate modeling done by hundreds of other researchers. World Resources InstituteIn Bengaluru, India's fifth-most-populous city, extreme heat has caused severe water shortages and surging energy demand. Now it ranks second behind San Francisco after a series of deadly heat waves prompted residents to install AC. If that demand is met with fossil fuels like oil, gas, and coal, it could exacerbate the climate crisis, WRI said.
Persons: WRI, Eric Mackres, Mackres, haven't Organizations: Service, World Resources Institute, Ross Center for Sustainable Cities, Resources, Bengaluru, US, San Locations: Saharan Africa, Latin America, Indonesia, Africa, Asia, Seattle, Rio de Janeiro, Johannesburg, Bengaluru, India, India's, Brazil, US Pacific Northwest, San Francisco, Tehran, Iran, Marrakech, Morocco
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer has been debating swapping Morgan Stanley for Goldman Sachs , which he argued is a "cheaper and better" bank option. 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, Morgan Stanley, Goldman Sachs, Jim, Lisa Su, Su, Piper Sandler, Abbott, Stocks, Jim Cramer's Organizations: CNBC, Federal Reserve, Nasdaq, Dow, Nvidia, Micro Devices, Micro, AMD's, Abbott Labs, Darden, AMD Locations: Turin
North Carolina Lt. Gov. North Carolina Republican gubernatorial candidate Mark Robinson called himself a "black NAZI" and said "slavery is not bad" in years-old comments on an online pornographic forum, CNN reported Thursday. The Trump campaign denied it was pushing Robinson to withdraw. Robinson in Thursday's video signaled he would not leave the race in North Carolina, where the first absentee ballots are set to be sent out Friday. Recent polls on the race for North Carolina's top job show Stein leading Robinson, at times by wide margins.
Persons: Mark Robinson, Robinson, Donald Trump, Michael Lonergan, Josh Stein, Trump, Brian Hughes, Stein Organizations: Gov, Republican National Convention, Milwaukee , Wisconsin . North Carolina Republican, CNN, CNBC, Republican, Democratic, Carolina Journal, NBC, North, Republicans, GOP Locations: Carolina, Milwaukee , Wisconsin . North, North Carolina
The game might be a little hard to find on TV, so we've put together everything you need to know about how to watch the Atlanta Dream vs. New York Liberty online. The New York Liberty leads the league this year with an impressive 32-7 record. Right now, the Atlanta Dream is in the elusive eighth spot in the league, meaning they're tentatively matched up with New York for the Playoffs. How to watch Atlanta Dream vs. New York Liberty in the USThe Atlanta Dream vs. New York Liberty game will air on Thursday at 7 p.m. How to watch Atlanta Dream vs. New York Liberty from anywhereBasketball fans traveling outside the US can keep up with their streaming subscriptions with the help of a VPN (virtual private network).
Persons: we've, they'll, ExpressVPN Organizations: Business, New York Liberty, Atlanta, The New York Liberty, Liberty, Chicago Sky, Washington Mystics, Sky, Washington, Mystics, Chicago, NBA, MLB Network, Tennis Channel, Basketball Locations: New, Atlanta, New York
DETROIT – A year after unprecedented strikes by the United Auto Workers against the Detroit automakers, the union is once again threatening work stoppages that could disrupt the U.S. automotive industry. Both announcements amount to warning shots against Ford and Stellantis and center on local union contracts. Local contracts have historically taken months, if not years, to settle after a national agreement is reached. Last year's auto worker strikes came during historic negotiations over national contracts with all three Detroit automakers at once. The UAW did not immediately respond for comment Thursday regarding updates on the announcements or how many local contracts remain under negotiation.
Persons: Shawn Fain Organizations: Mopar, Center, DETROIT, United Auto Workers, Detroit automakers, UAW, Wednesday, Ford, General Motors, Detroit Locations: Center Line, Michigan, Detroit, U.S
Many companies don't have cyber insurance because of costs, but the market is growing. Cyber insurance can help companies recover financially from cyberattacks and data breaches. But one way leaders can minimize the impact of losses from a cybersecurity incident is by getting cyber insurance. One reason is the cost: The Cyber Readiness Institute estimates that cyber insurance can cost businesses $500 to $5,000 a year. What cyber insurance does and doesn't coverMany policies offer first- and third-party coverage, and most companies need both, Engstrom said.
Persons: , Shruti Engstrom, Engstrom, Josephine Wolff, Wolff, it's, Stephen Boyer, Boyer Organizations: Service, IBM, Tufts University, Insurance, Federal Trade Commission, Companies Locations: cyberattacks
[The stream is slated to start at 1:15 p.m. Please refresh the page if you do not see a player above at that time.] President Joe Biden is speaking at the Economic Club of Washington, D.C., on Thursday, where he is expected to celebrate falling inflation and interest rates. The president's remarks come the day after the Federal Reserve announced its decision to cut interest rates by a surprisingly aggressive 50 basis points. "The declines in inflation and interest rates are welcome, but no one's declaring victory," National Economic Council Director Lael Brainard told reporters ahead of Biden's remarks.
Persons: Joe Biden, Lael Brainard, Biden's Organizations: Economic, of Washington, of Washington , D.C, Federal Reserve Locations: of Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Bank of England has 'some room' to cuts rates but it's unlikely, economist saysYael Selfin, chief economist at KPMG UK, discusses the country's inflation data and what it could mean for the Bank of England's decision.
Persons: Yael Selfin Organizations: of England, KPMG UK, Bank of
Bank of England holds interest rates steady after August cut
  + stars: | 2024-09-19 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. LONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before. The Monetary Policy Committee voted by 8 to 1 to hold, with the dissenting member voting for a 0.25 percentage point cut. Many strategists had expected a smaller 25 basis point cut at the September meeting, despite market pricing through this week pointing to more than 50% probability of the more aggressive option.
Persons: BOE Organizations: Bank of England, City of, LONDON, U.S . Federal, Monetary, U.S . Federal Reserve Locations: City, City of London, U.K
“There is a real clear understanding that this election is a monumental election,” Win With Black Women founder Jotaka Eaddy told CNN. Juliana Yamada/APGroups led by Black women also are launching new political ventures to aid Harris. And she was among the Black women who publicly urged Biden to remain in the race, following his poor June 27 debate performance. Black female organizers in the state also are extending their reach far beyond other Black women. “At the end of the day, what you’re not going to do is blame Black women for not doing their job,” she said.
Persons: DeJuana Thompson, Kamala Harris, , , Thompson, Harris, Oprah Winfrey, Joe Biden, Jotaka Eaddy, Juliana Yamada, Black, Jack, Jill of America, Daria Dawson, “ There’s, ” Hillary Holley, Stacey Abrams, Georgia’s, Holley, , ” Holley, We’ve, Andrew Harnik, Biden, Obama, Melanie Campbell, Campbell, ” Campbell, Steve Phillips, Harris ’, Win, Kamala, Winfrey, Anna Moneymaker, Donald Trump, Doug Jones, Barack Obama, Janice Robinson, Robinson, Nervahna, Hillary Clinton, Mary Starkey, Clinton, you’re, we’re Organizations: CNN, Democratic, America, YouTube, Win, Women, , Black Women, Alpha Kappa Alpha, AP, Howard University, sorority, Delta Sigma Theta, National Council of Negro Women, National Domestic Workers Alliance, Democratic National Convention, Biden, White, Black College and Universities, Red Wine, North Locations: Chicago, Birmingham , Alabama, Pleasanton , California, American, Georgia, Atlanta, Arizona , Georgia, Nevada, North Carolina, Charlotte , North Carolina, Carolina, Alabama, Black, Charlotte, Delaware
“We lived in places where you could wake to wildness,” encountering “monkeys and snakes and various kinds of incredible birds,” she said. “They paid us to memorize the poems,” Rundell said of her parents. “I was a very mercenary kid, and had quite a retentive memory.”Her books are infused with loss, something she encountered early on. When she was 10, her beloved sister Alison died from a congenital illness at the age of 16. “She was the most gentle person I’ve ever met, and so when we lost her, I just knew I would never meet anyone like her again, and I never have.”
Persons: Rundell, , John Donne, ” Rundell, , Alison, “ I’m Locations: Britain, Harare, Zimbabwe
This story is available exclusively to Business Insider subscribers. On the positive side, he's not creating private wealth dynasties. But his children will become philanthropic titans by wielding taxpayer-subsidized private power through enormous charitable foundations upon his death. A progressive annual wealth tax, with rates becoming steeper as wealth goes above $1 billion. A cap on the charitable deduction so that wealthy people, like Buffett, don't get to opt out entirely of paying taxes.
Persons: , Warren Buffett, Berkshire Hathaway, he's, Chuck Collins, Buffett, Collins, Bill Gates, don't Organizations: Service, Business, Institute for Policy Studies, Berkshire Locations: Berkshire
The news comes less than a year after a deadly November CV-22 Osprey crash in Japan that claimed the lives of eight airmen. AdvertisementJapan Ground Self-Defense Forces soldiers disembark from a V-22 Osprey aircraft. Debris believed to be from a US military Osprey aircraft is seen in waters off the coast of Yakushima Island. The cause of the Japan crash was determined to be the fracturing of a high-speed planetary pinion gear in the aircraft's prop rotor gearbox. US Air Force photo/Senior Airman Christopher CallawayThe Gundam 22 crew did press on after the chip burn lights and did not violate their training.
Persons: , Michael Conley, that's, We've, Conley, YUICHI YAMAZAKI, Military.com, Jeffrey Hoernemann, Eric Spendlove, Luke Unrath, Terrell Brayman, Zachary Lavoy, Jake Turnage, Brian Johnson, Jake Galliher, Carl Chebi, NAVAIR, we've, Bell, Christopher Callaway, AFSOC, Amber Sax, John Sax, Sax, Konstantin Toropin Organizations: Service, Special, Command, Air, Space Force Association, Business, Defense Forces, Getty, Naval Air Systems Command, Program, Ospreys, Air Force, Osprey, Japan Coast Guard, AP, Air Force Special Operations Command, Tech, Staff, Pentagon, Bell, Boeing, US Air Force, Gundam, Marine Corps Locations: Washington, Japan, Yakushima Island, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer NEC Director Gary Cohn: The Fed is on the other side of their dual mandateGary Cohn, IBM vice chairman and former National Economic Council Director under President Trump, and Jay Clayton, Apollo non-executive chairman and former SEC Chairman, join 'Squawk Box' to discuss the Fed's interest rate decision, state of the economy, and more.
Persons: Gary Cohn, Trump, Jay Clayton, Apollo Organizations: NEC, IBM, National Economic, SEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Elanco Animal Health CEO, Casey's General Store, GE Vernova, SpotifyThe Investment Committee discuss the latest Calls of the Day.
Organizations: Animal, Casey's, GE Vernova
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExplosions in Lebanon considered an 'act of terror,' economy minister saysAmin Salam, Lebanon's minister of economy and trade, says what happened in Lebanon "will only trigger more escalation into the conflict."
Persons: Amin Salam Locations: Lebanon
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank. "This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we begin the process of moving forward a more neutral stance," Powell said. Financial markets weren't quite sure what to make of the chair's messaging in the meeting's immediate aftermath. However, asset prices soared Thursday as investors took Powell at his word that the unusually outsized move wasn't in response to a substantial slowing of the economy. The Dow Jones Industrial Average and S&P 500 jumped to new highs in trading Thursday after swinging violently Wednesday.
Persons: Jerome Powell, Powell, didn't, Tom Porcelli Organizations: Financial, Dow Jones Industrial
2024 Laver Cup countdown and the business of pro tennis
  + stars: | 2024-09-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 Laver Cup countdown and the business of pro tennisTony Godsick, Laver Cup chairman and Team8 CEO, and John McEnroe, Team World captain, join 'Squawk Box' to discuss the 2024 Laver Cup, the business of pro tennis, and more.
Persons: Tony Godsick, John McEnroe Organizations: Laver, Team
$ 5.34 $ 5.34 Estimated Environmental cost + $ 22.02 Say a pound of beef costs $5.34 at your local supermarket. The Hidden Environmental Costs of Food Damage to the natural world isn’t factored into the price of food. The proponents of true cost accounting don’t propose raising food prices across the board, but they say that increased awareness of the hidden environmental cost of food could change behavior. (True cost accounting also typically includes things like labor rights and dietary health, but here we’re focusing on environmental costs.) Large disparities between the retail price of food and its environmental costs are found in the proteins many of us eat every day.
Persons: True Price, , Claire van den Broek, “ They’re, Alexander Müller, True, , Scott Swinton, Roger Cryan, Mario Herrero, chickpeas Organizations: United Nations, Rockefeller Foundation, True, Sustainability, Michigan State University, American Farm Bureau Federation, New, Cornell University, Price, Beef, Oxford University, , U.S . Department of Agriculture, Mountain, United Nations Food, Agriculture Organization Locations: Dutch, United States, Berlin, New York State, Denmark, Walmart.com, U.S, North America, Europe, Brazil, India, Netherlands, Germany
Almost exactly 24 hours later, walkie-talkies detonated in a fresh wave of explosions Wednesday across Lebanon, a security source told CNN. In response, Israel launched “Operation Wrath of God” and spent years tracking down those involved in the Munich Massacre. Mahmoud Zayat/AFP/Getty ImagesIranian nuclear scientistsSince 2010, five Iranian nuclear scientists have been killed in foreign-linked assassinations, as Israel tries to prevent its greatest adversary from developing nuclear weapons. Iranian officials said the weapon had used artificial intelligence and facial recognition to detect Fakhrizadeh and open fire, before the car, reportedly packed with explosives, self-destructed. Top Iranian officials blamed Israel for the assassination.
Persons: Israel, God ”, Mahmoud Hamshari, , , Yahya Ayyash, , Ayyash, Mahmoud Zayat, Moshe Ya’alon, Der Spiegel, , Stuxnet, Mohsen Fakhrizadeh, Mohsen Fakhrizadeh's, David Kennedy, ” Kennedy, Ismail Haniyeh Organizations: CNN, Hezbollah, Munich, Palestine Liberation Organization, PLO, Firefighters, Getty, Israeli, , Military, Iranian Defense Ministry, US National Security Agency, The New York Times Locations: Lebanon, Iran, Munich, Palestinian, Palestine, Paris, Italian, Gaza, Saida, AFP, United States, Iranian, Bushehr, Israel, Tehran, Nissan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDouglas Elliman's Noble Black explores the impact of rate cuts on housingNoble Black, Douglas Elliman real estate agent, joins 'Power Lunch' to discuss how the Fed's latest rate cut will impact the housing market, how new buyers are paying, and much more.
Persons: Douglas Elliman's Noble Black, Noble Black, Douglas
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