Big Tech’s Call for Light Touch on AI Falls Flat With Enforcers

OpenAI, Google executives lobby for regulators to step aside Antitrust enforcers pledge close scrutiny of AI partnerships Artificial intelligence could help cure cancer, ease energy insecurity and reduce poverty – if regulators would just get out of the way. That was...

China Blasts Kishida, Vows Response to Any ‘Wrong’ Japan Moves

China embassy to Japan releases statement on Kishida US visit Japan’s prime minister said China is challenge to peace China blasted remarks made by Japanese Prime Minister Fumio Kishida during his visit to the US this week, saying that any “wrong actions” taken by its...

Cathie Wood Muscles Into ChatGPT Boom With New OpenAI Stake

OpenAI is now 4% of Ark Venture Fund, just behind Anthropic Ark’s Winton calls foundation model progress ‘mind-blowing’ Cathie Wood’s Ark Investment Management has announced that it holds a stake in Silicon Valley artificial intelligence darling OpenAI, a bet that the...

Cheap Mortgages Deter Workers From Relocating for $250,000 Jobs

New plants opening in the US south struggling to fill openings Workers don’t want to give up low-interest mortgages to move Manager recruits in the industrial Midwest are shunning offers to move to the American south — in part because they’re locked into super-low...

A French Fund Manager Beating 97% of Peers Is Shorting L’Oreal

Says L’Oreal is fundamentally ‘good company’ but expensive Carmignac fund is long Adidas, Prada and short Nike, Burberry French cosmetic giant L’Oreal has returned close to 12% annually for the past 20 years, but Malte Heininger, manager of Carmignac’s Long-Short...