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Advancements in AI tech have given birth to an industry of AI influencers, and major companies are beginning to show interest in their far more cost-effective approach to marketing. AdvertisementMiquela's success didn't spark a virtual-influencer revolution, but that was largely because of cost — human influencers were still cheaper. She sees AI influencers being used to provide a deep level of information, support, and guidance on brands and products. Do AI influencers really stand a chance at building trust with an audience? A study in the European Journal of Marketing found that consumers were just as likely to follow an AI influencer as a human influencer but that they didn't trust the AI influencer as much.
Persons: Zers, Gen Z, influencers, wannabes, — they're, Nikita Baklanov, Julia Broome, Baklanov, Broome, she'd, it's, Miquela Sousa, Lil Miquela, Instagram Miquela, Calvin Klein, Imma, HypeAuditor, Euronews, who's, Jenny Dearing, Dearing, ChatGPT, chatbot, Eric Schmidt, Jonathan Haidt Organizations: Stanford, UGC, Prada, Companies, Meta, Instagram, AIs, Oxford, Advertising, Air, European, Marketing, Air Canada, Google, Alpha Locations: strategize, TikTok, Antarctica, Air Canada
“I sit here today to express my deepest sorrows for the families of Hana, Tate, Madisyn, Justin and to all those affected on November 30, 2021,” Jennifer Crumbley said. The parents failed to properly secure the firearm, as James Crumbley hid it in their bedroom but did not use any locking device, the prosecution argued. By contrast, James Crumbley did not testify in his trial, and his attorney argued he simply didn’t know about his son’s plans or mental issues. Still, Jennifer Crumbley was convicted of four counts of involuntary manslaughter in early February, and James Crumbley was convicted of the same counts in March. My actions were that of any other parent,” James Crumbley wrote.
Persons: James, Jennifer Crumbley, Cheryl Matthews, , ” Matthews, James Crumbley, Jennifer Crumbley “, Tate, Madisyn, Justin, ” Jennifer Crumbley, ” “, Ethan, Nicole Beausoleil, Madisyn Baldwin, ” Beausoleil, Ethan don’t, , , Justin Shilling’s, Craig, Craig Shilling, Justin Shilling, Bill Pugliano, , Justin’s, Jill Soave, ” Reina St, Juliana, Hana, Karen McDonald, ” McDonald, McDonald, Crumbley, remorseful, James Crumbley’s, Ethan Crumbley, Sig, St, Tate Myre, Jennifer, “ I’ve, ” James Crumbley, Celina Tebor, Nicki Brown, Antoinette Radford, Maureen Chowdhury Organizations: CNN, Oakland, Opportunity, Prosecutors, Oxford High School Locations: Oxford , Michigan, Detroit, Oakland, Hana, Oakland County
His skills were passed down and cultivated from generation to generation, prompting two of his grandsons to create a construction company in Tennessee, also called McKissack & McKissack. "My father always took us [to] job sites, took us to the office. Today, it brings in between $25 million and $30 million per year, according to documents reviewed by CNBC Make It, and manages $15 billion in projects with offices in Chicago, Dallas, Los Angeles and Baltimore. She applied for jobs as a federal contractor, getting her foot in the door to work on construction projects at the White House and U.S. Treasury building. Deryl McKissack
Persons: Deryl, Abraham Lincoln, Thomas Jefferson, Moses, Cheryl, McKissack, Moses McKissack, we've, they've, Andrea, William DeBerry Organizations: McKissack, D.C, Smithsonian African American Museum of, CNBC, Howard University, Washington Post, White House, . Treasury, Oxford Locations: Washington, Tennessee, New York, Chicago, Dallas, Los Angeles, Baltimore
An "effective altruism" charity backed by Sam Bankman-Fried is set to close. The jailed former crypto billionaire was a major proponent of effective altruism. AdvertisementA UK-based "effective altruism" charity funded by the disgraced former cryptocurrency billionaire Sam Bankman-Fried is set to close. Effective Ventures Foundation UK, originally incorporated in 2012, reported income of more than £140 million in 2022, which is around $177 million as of April 2024. The UK Charity Commission also opened an inquiry into Effective Ventures UK in December 2022 in order to assess any potential risks to the charity's assets.
Persons: Sam Bankman, , Luke Kemp, Michael Lewis, Fried Organizations: Service, Ventures Foundation, University of Oxford, University of Cambridge's, Harvard Law School, Alameda Research, Financial Times, UK, Commission, Ventures UK Locations: Oxford, Silicon Valley, FTX
AI is emerging “as a great disruptor in the world of work,” Denis Machuel, chief executive of Adecco Group, said in a statement. Some 46% of executives said they would redeploy employees internally if their jobs were impacted by AI. Responses from more than 800 global companies showed that a quarter of them expected AI to cause job losses, while half thought the technology would create new jobs. The WEF said employers expected most technologies, including AI, to be “a net positive” for jobs over the following five years. Still, that offers little consolation to the workers AI has already helped push out.
Persons: ” Denis Machuel, Goldman Sachs Organizations: London CNN, Adecco Group, Oxford, Adecco, World Locations: Swiss, United States, Canada, Germany, Japan
What would life be like if artificial intelligence solved all your problems? Death would become almost optional because you could take on digital form and keep going for a billion years. We human beings dislike our problems, naturally, but if we had no problems to solve, what meaning would life have? in the 10 years since Bostrom’s last book on the topic, “Superintelligence: Paths, Dangers, Strategies.” A.I. The idea that it will change the world has gone from a nerdy obsession to conventional wisdom.
Persons: Nick Bostrom, Bostrom’s Organizations: Oxford Locations: A.I
CNN —A man has pleaded guilty to stealing a toilet made entirely from 18-carat gold and worth more than $6 million from the English stately home where wartime leader Winston Churchill was born. It had been plumbed into the building so the theft also caused significant damage and flooding, police reported at the time. "Daddy, Daddy", a large scale recreation of the drowning Disney character Pinocchio, created by artist Maurizio Cattelan, is seen in a pool at Blenheim Palace on September 12, 2019. The golden toilet, titled "America," was part of the same exhibition at the stately home. Leon Neal/Getty ImagesAt Blenheim Palace, the toilet was installed in a room next to the one in which Churchill was born.
Persons: Winston Churchill, James Sheen, Maurizio Cattelan, , Sheen, America ”, Donald Trump’s, Vincent Van Gogh’s, Leon Neal, Churchill, Cattelan, Michael Jones, Frederick Sines, Frederick Doe, Bora Guccuck Organizations: CNN, Oxford Crown, UK’s, Media, Prosecution Service, National Horse Racing Museum, America, Guggenheim, Blenheim, New Yorker Locations: Blenheim, Italian, Five Wells, Newmarket, New York City, United States, Oxford, Ascot , Berkshire, London
Reuters —Venezuela is battling a record number of wildfires, according to data released on Monday, as a climate change-driven drought plagues the Amazon rainforest region. An aerial view shows a burned forest after a forest fire in Henri Pittier National Park on March 30. Leonardo Fernandez Viloria/ReutersA Bolivarian National Police helicopter flies over during a wildfire in the Henri Pittier National Park on March 29. The fires are blanketing with smoke Guayana City, Venezuela’s largest urban center in the Amazon, according to a Reuters witness. In Venezuela, Lozada, firefighters and other experts said the government response was lacking.
Persons: Manoela Machado, ” Machado, , , Carlos Carruido Perez, Henri Pittier, Leonardo Fernandez Viloria, Henri, Jose Rafael Lozada, Michael Coe, Lozada, Juan Carlos Hernandez, ” Lozada, Oxford’s Machado, William Lopez Organizations: Reuters —, Satellites, University of Oxford, Henri, Reuters, Bolivarian National Police, NASA, Universidad de Los, Research, AFP, Getty, “ Firefighters Locations: Reuters — Venezuela, Venezuela, South America, Pacific, Brazil’s, Brazil, Henri, Uverito, Manhattan, Universidad de Los Andes, Merida, Brazil’s Roraima, Roraima, Naguanagua, Carabobo State
Morgan Stanley initiates Compass Pathways at overweight Morgan Stanley said in its initiation of Compass that it's bullish on shares of the mental health biopharma company. Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's standing by its overweight rating on shares of TSM. Morgan Stanley reiterates Delta as a top pick Morgan Stanley said Delta's push into "premium" will reward investors. Bank of America reiterates Micron as buy Bank of America said it sees further share gains for Micron. Morgan Stanley reiterates Planet Fitness as overweight Morgan Stanley said it's standing by its overweight rating on the fitness company.
Persons: Jefferies, Goldman Sachs, Goldman, it's, it's bullish, Hunt, Werner, Robinson, Morgan Stanley, Delta, Wells, Evercore, Bill, Tesla, Oppenheimer, Sweetgreen, Baird downgrades, Baird, Tommy Bahama Organizations: Microsoft, Barclays, Barclays downgrades J.B, J.B, C.H, Taiwan Semiconductor, DAL, " Bank of America, Nvidia, Broadcom, Bank of America, Micron, Devon Energy, Bloom Energy, Energy, Disney, underperform Bank of America, Baird downgrades Fifth, Bancorp, Royal Caribbean, Citi, Citigroup Inc, Royal Caribbean Cruises Ltd, TPG Inc, TPG, TE Connectivity, Chevron Corp, Citi downgrades Oxford Industries Locations: TSM, Wells Fargo, Devon, F1Q, Cincinnati, Royal, Oxford
Cameco — Shares rose more than 5% after Goldman Sachs initiated coverage of the uranium producer with a buy rating, saying there is more than 25% upside. Microsoft — Microsoft shares rose 0.7% following a report from The Information, citing unnamed sources, saying Microsoft and OpenAI are planning a $100 billion data center project. Super Micro Computer shares rose 2.5%. Universal Health Services — Shares fell after Universal Health Services said in a regulatory filing its subsidiary Pavilion Behavioral Health was ordered to pay $60 million in compensatory damages and $475 million in punitive damages. MicroStrategy — Shares slipped more than 3% after Michael Saylor, executive chairman of MicroStrategy, sold nearly 4,000 shares of MicroStrategy stock last week, according to a regulatory filing .
Persons: Cameco, Goldman Sachs, Semtech, Robinson, Brandon Oglenski, Bill Holdings, Wells, Bill, Tesla, Tommy Bahama, Michael Saylor, InterDigital's, — CNBC's Brian Evans, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound Organizations: Micron Technology —, Bank of America, Microsoft, Western Digital, Micro Computer, Hunt Transport, C.H, Barclays, . Oxford Industries, Citi, Universal Health Services, Behavioral Health Locations: North America
Often referred to as the holy grail of climate solutions clean energy, fusion has the potential to provide limitless energy without planet-warming carbon pollution. KSTAR’s work “will be of great help to secure the predicted performance in ITER operation in time and to advance the commercialization of fusion energy,” Si-Woo Yoon said. This announcement adds to a number of other nuclear fusion breakthroughs. But commercializing nuclear fusion still remains a long way off as scientists work to solve fiendish engineering and scientific difficulties. Nuclear fusion “is not ready yet and therefore it can’t help us with the climate crisis now,” said Aneeqa Khan, research fellow in nuclear fusion at the University of Manchester in the UK.
Persons: Woo Yoon, , Aneeqa Khan, Angela Dewan Organizations: CNN — Scientists, KSTAR Research, Korean Institute of Fusion Energy, CNN, International, Reactor, Lawrence Livermore, Oxford, University of Manchester Locations: South Korea, France, United States
Such behavior could be considered a power move and a marker of intelligence for tech CEOs. An awkwardness expert told BI that if you're powerful enough, you don't need to be charismatic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For Zuck and men alike, awkwardness is "seen as not only excusable, but laudable." But Plakias doesn't think awkwardness is an individual character trait, but rather something that comes out of social interactions.
Persons: Mark Zuckerberg, , Zuck, Alex Volkanovski, bopping, Zuckerberg, Alexandra Plakias, Plakias, they're, It's, Ty Tashiro Organizations: Service, UFC, Business, Hamilton College, Oxford University Locations: New York
Opinion: Trump videos send wildly different messages
  + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.
Persons: Matthew Arnold, Homer, King James, Donald Trump, , Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, , ” Clay, , Obama, “ Obama, CNN Trump, , Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, , Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, , ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, , Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia
Several countries pay bonuses to medal winners, and high-profile athletes may get brand deals and sponsorships, but many Olympic athletes live quiet lives. AdvertisementD'Souza suggested he received funding for the Enhanced Games in the "single-digit millions" but declined to specify the amount. So far, it's unclear what kind of talent Enhanced Games will attract. He said that at the Enhanced Games, athletes would get comprehensive health checkups to monitor the effects of "whatever enhancement protocols" they're on and ensure they're fit to compete. D'Souza said he planned to announce more details about the Enhanced Games this summer — right around the Paris Olympics.
Persons: Aron D'Souza, gymgoers, D'Souza, Thomas Bach, Bach, Uber, Christian, Christian Angermayer, Balaji Srinivasan, Coinbase's, Peter Thiel, Angermayer, Srinivasan, Thiel, Hulk, Charles Harder, Harder, didn't, Sargon, Peter, VCs, Thiel hasn't, he's, James Magnussen, James, he'd, Marta Nawrocka, BI's Gabby Landsverk, Jim Walden, Grigory Rodchenkov, it's, who'd Organizations: International, Olympic, IOC, West Germany's Olympic, The New York Times, Business, Apeiron Investment, University of Melbourne, Gawker Media, BuzzFeed, Gawker, Abrams, Australian Financial, US, Doping Agency, UFC, Drug Free, NFL, NBA, MLB, Testing Agency, ITA, CNN, FBI, Sports, Gaming Initiative, Paris Locations: Miami, Lausanne, Switzerland, Oxford, Australian, Russia
The motive of such campaigns, Innes said, is to “destabilize” Russia’s Western antagonists and “undermine trust” in their institutions. The pattern of behavior was one his team recognized from a group of Russian actors his team had studied before. It is a commercial firm contracted to run disinformation campaigns, Innes said. Aaron Chown/Press Association/APMeta said it disrupted the group, but its disinformation campaigns have since grown more sophisticated. The timing of the Kate conspiracies was also propitious for the Kremlin – coming just as Putin secured a fifth term in power in a stage-managed election devoid of credible opposition.
Persons: Catherine, Princess of Wales, Kate, , ” Martin Innes, ” Innes, Emmanuel Macron, Innes, Princess, Wales, , Instagram –, Doppelganger, Aaron Chown, King Charles III, Rasmus Kleis Nielsen, ” Anna George, Timothy Snyder, Vladimir Putin’s, Henry Nicholls, Prince William, ’ ”, Putin Organizations: CNN, Cardiff University, , Soviet, Meta, Facebook, Press Association, AP Meta, US Treasury, British Embassy, Reuters Institute for, Journalism, Oxford University, Oxford Internet Institute, Yale, Russian Foreign, ” Police, London Clinic, Getty, CNN’s Royal, Kremlin Locations: Wales, Ukraine, , Russia, Soviet Union, London, Moscow, Cardiff, Russian, United States, Europe, British, Kensington, Britain, AFP, Windsor
Why do we toss coins into fountains?
  + stars: | 2024-03-30 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +5 min
CNN —All over the world, and for centuries, people have thrown coins into fountains, wishing wells and rivers for good luck. Some fountains collect thousands, or even millions, of dollars worth of coins each year. George Rose/Getty ImagesWhere the money goesSome well-known fountains can collect thousands of dollars in coins each year. According to an NBC report from 2016, the Trevi Fountain accumulated about $1.5 million in coins that year. A spokesperson for the Mall of America in Minneapolis told CNN the fountains collect about $25,000 each year.
Persons: It’s, , Trevi, Bill Maurer, Maurer, “ It’s, , Stefan Krmnicek —, , Pen Rhys, Ganesha, George Rose, Basil E, ” Maurer Organizations: CNN, UC Irvine, University of California Irvine’s School of Social Sciences, Century Fox, University of Tuebingen, Bellagio, Casino, NBC, Trevi, The Metropolitan Museum of Art, New York City, of, Disney Parks Locations: Rome, England’s Northumberland County, England, Turkey, Rome's, Germany, East Asia, Shanghai, Oxford, Las Vegas , Nevada, New York, of America, Minneapolis, America
In 2003, Oxford philosopher Nick Bostrom imagined a “technologically mature” civilization could easily create a simulated world. With simulated worlds far outnumbering the “real” world, the likelihood that we are in a simulation would be significantly higher than not. Remember, the simulations would be so good that you wouldn’t be able to tell the difference between a physical and a simulated world. Either the signals are being beamed directly into your brain, or we are simply AI characters inside the simulation. Already, millions of humans are chatting with AI characters, and millions of dollars are pouring into making AI characters more realistic.
Persons: Virk, X, CNN — It’s, , Lana, Lilly Wachowski, Philip K, Dick, Tessa, Morpheus, Laurence Fishburne, Keanu Reeves, Nick Bostrom, Elon Musk, Smith, Hugo Weaving, Carrie Ann, Moss, Musk, OpenAI, it’s, Reeves ’ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, Apple, Trinity Locations: zenentrepreneur.com, Oxford, Silicon, Silicon Valley
AdvertisementNetflix's "3 Body Problem" is an adaptation of Liu Cixin's wide-ranging "Remembrance of Earth's Past" trilogy of novels. Speaking of Yun Tianming, he got turned into Will DowningWill Downing signs on to the Stairfacer Project in "3 Body Problem." Saul is based on a character named Luo JiSaul is chosen as a Wallfacer in "3 Body Problem." The VR headsets are way simpler in the seriesJack Rooney wears a virtual reality headset in "3 Body Problem." NetflixIn "3 Body Problem," Ye Wenjie's daughter Vera Ye dies by suicide in the first episode.
Persons: Liu Cixin's, , David Benioff, Weiss, Alexander Woo, Auggie Salazar, Ed Miller, Wang Miao, Da Shi, Salazar, Eiza González, it's Wang Miao, Wang Miao's, Jin Cheng, Jess Hong, Jin, Copernicus, Wang, she's, Netflix Wang Miao, Cheng Xin, She's, Yun Tianming, Will Downing Will Downing, Will Downing, Oxford alums, He's, Jack Rooney's, Saul, Luo Ji Saul, Netflix Saul, he's, Saul isn't, Luo Ji, they're, Ye, ETO Jonathan Pryce, Mike Evans, Tatiana, Marlo Kelly, Sophon, Evans, Shimooka, Alicia Vikander, Evan Rachel Wood, Jack Rooney, we'd, Ye Wenjie, Vera Ye, Yang Dong, Yang Weining Organizations: Service, Netflix, intel, Stairfacer, Oxford, United Nations, UN, ETO, Trisolaris Organization, Red Coast Locations: China, England, San, Red
To meet the UK Environment Agency’s inland bathing water quality standards, E. coli levels should be below 1,000 CFU per 100ml. “It would be terrific if the Boat Race drew attention to it. It also adds that rowers should refer themselves to a healthcare professional if they accidentally swallow river water. The guidance has been issued to both universities in briefing packs ahead of this weekend’s race, River Action said. The Oxford boat sinks after only half a mile, during the annual University boat race against Cambridge on March 24, 1951.
Persons: Sean Bowden, , James Wallace, coli, ” Feargal Sharkey, , Sienna Somers Organizations: London CNN, Cambridge, CFU, Environment, Oxford, Thursday’s Telegraph, British Rowing, Rivers Trust, University, Keystone, Hulton, UK Environment Agency, Thames Water, BBC Locations: Oxford, London, United Kingdom, Hammersmith, England, floodwater, Thames
On a side street in Covent Garden stands an imposing palazzo-style building, strangely out of place amid the burger joints and neon marquees of London’s theater district. It houses the Garrick Club, one of Britain’s oldest men’s clubs, and on any given weekday, a lunch table in its baronial dining room is one of the hottest tickets in town. A visitor lucky enough to cadge an invitation from a member might end up in the company of a Supreme Court justice, the master of an Oxford college or the editor of a London newspaper. Women are excluded from membership in the Garrick and permitted only as guests, a long-simmering source of tension that has recently erupted into a full-blown furor. Mr. Moore’s membership seemed at odds with his efforts to bring more racial and gender diversity to the British spy agency, known as MI6.
Persons: Garrick, Richard Moore, Simon Case, Case, derisory Organizations: Garrick Club, Oxford, Guardian, Secret Intelligence Service Locations: Covent, London, British,
The warning was stern: Do not enter the water. This year they will be staying as dry as possible. The warning from organizers of the annual competition known as the Boat Race is the most striking symbol of the dire and deteriorating state of Britain’s rivers and coastlines. E. coli, which can be contracted from inadequately treated water supplies, can cause a number of symptoms including diarrhea, stomach cramps and occasionally fever. According to Britain’s health service, a small number of people can also develop hemolytic uraemic syndrome which can sometimes lead to kidney failure and death.
Organizations: Oxford University Locations: Cambridge
Read previewThe collapse of the Francis Scott Key Bridge on Tuesday is a reminder that the economy remains vulnerable to sudden supply-chain shocks, experts say. Here's how the catastrophe could affect the economy, trade, and the city of Baltimore. "This event will have greater economic implications for the Baltimore economy than nationally," Oxford Economics' chief US economist Ryan Sweet said on Tuesday in a research note. The container ship Dali collided with a key bridge in Baltimore on Tuesday. The port of Baltimore is the busiest for "roll-on/roll-off" cargo, which includes cars, light trucks, and agricultural and construction equipment.
Persons: , Francis Scott Key, Dali, Ryan Sweet, Michael A, McCoy, Sweet, Michael Tamvakis, Tamvakis, Ioannis Moutzouris, Moutzouris Organizations: Service, Business, Maersk, Oxford Economics, Washington Post, Getty, JPMorgan, International Monetary Fund, City , University, London's Bayes Business, Maxar, University of London Locations: Baltimore, Norfolk, New York, New Jersey, Suez
The Francis Scott Key Bridge collapse has blocked shipments in and out of the Port of Baltimore. The port is a key shipping point for cars, construction and farm equipment, and coal. The Port of Baltimore is the top US port for roll-on/roll-off cargo, like cars and construction machinery. halbergman/Getty ImagesCoal, gypsum, and sugarIn 2022, coal was among the top export commodities by weight moved through the Port of Baltimore. A research briefing from Oxford Economics said the bridge collapse will likely have a greater impact on the local Baltimore economy than on a national level.
Persons: Francis Scott Key, , Dali, Daraius Irani, Anirban Basu, Ford, Basu, Domino, Sugar, Irani Organizations: Service, Industry, Regional Economic Studies, Towson University, Sage Policy, General Motors, Caterpillar, Port, Baltimore Refinery, Oxford Economics Locations: Port of Baltimore, Port, Baltimore, Patapsco, India, West Virginia
Read previewA container ship crashed into a major bridge in Baltimore early Tuesday, causing its collapse into the Patapsco River. Baltimore first responders called the situation a "developing mass casualty event" and a "dire emergency," per The Associated Press. pic.twitter.com/ipoTR2HljY — Harford Co., MD Fire & EMS (@HarforCoFireEMS) March 26, 2024The vessel is the Dali, a Singapore-flagged container ship about 984 feet long, and 157 feet wide, per a listing on VesselFinder. The Dali's owner is listed as Grace Ocean, a Singapore-based firm, and its manager is listed as Synergy Marine, which is also headquartered in Singapore. AdvertisementStaff for Grace Ocean declined to comment on the crash when contacted by Business Insider.
Persons: , Francis Scott Key, James Wallace, Wallace, Richard Worley, Wes Moore, Pete Buttigieg, Moore, Baltimore Francis Scott Key, ipoTR2HljY —, Dali, Grace Ocean, Barbara Rossi, Claudia Norrgren, it'll Organizations: Service, Baltimore, Associated Press, Business, Sonar, Biden Administration, Volunteer Firefighters, Volunteer Swift Water Team, Team, Unified Command, ipoTR2HljY — Harford Co, Synergy, Shipping, Staff, Grace, Maersk, Dali, University of Oxford, Hyundai Heavy Industries, Port Locations: Baltimore, Patapsco, Maryland, @jmvfc8, Singapore, Danish, Colombo, Sri Lanka, Port, South Korea, Antwerp
Experts sought to explain how the Francis Scott Key Bridge in Baltimore collapsed. AdvertisementThe Francis Scott Key Bridge in Baltimore stood no chance against the huge impact from a cargo ship Tuesday morning, experts told Business Insider Tuesday. Advertisement"There's a heavy impact from a cargo ship into one of the piers," he said in a call with BI. Advertisement"All bridge piers will be designed to resist impact from a vessel. The Francis Scott Key Bridge was built in 1977.
Persons: Francis Scott Key, , Dali, Leroy Gardner, Gardner, Ian Firth, Barbara Rossi Organizations: Service, Engineering, Imperial College London, Engineers, Nimitz, US Navy, BBC, Engineering Science, University of Oxford Locations: Baltimore
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