Business

Ray Kurzweil’s Take on AI Fusion
Business

Ray Kurzweil’s Take on AI Fusion

Related media - Recent news Ray Kurzweil, a renowned inventor and futurist, continues to claim that humans will soon merge with artificial intelligence. During an interview at the Four Seasons Hotel in Boston, Kurzweil showed a graph illustrating the exponential growth of computing power over the past 85 years. This steady increase, according to him, indicates that the so-called Singularity, when humans and AI become one, will occur within the next two decades. Kurzweil, who has made a career out of making bold predictions, reiterated claims in his 2005 book, The Singularity is NearWith the advent of AI technologies like ChatGPT and efforts to implant computer chips into humans, he felt it was time to update his predictions, which led to his latest book, The singularity is closer. At...
Chet Hanks and the Rise of a Controversial Meme
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Chet Hanks and the Rise of a Controversial Meme

Related media - Recent news In the spring of 2021, Chet Hanks, son of Tom Hanks, sparked controversy by declaring that it would be a “white boy summer.” Initially ambiguous, the phrase has since been co-opted by white supremacist groups, according to a report by the Global Project Against Hate and Extremism. This year, the slogan has appeared in thousands of Telegram posts, used by far-right groups to recruit, organize protests, and incite violence, particularly against immigrants and LGBTQ individuals. The phrase now symbolizes an unabashed celebration of white heterosexual masculinity, often at the expense of women and people of color. Wendy Via, co-founder of the Global Project Against Hate and Extremism, noted that the meme has moved from the fringes of the Internet to mainstream...
Costner’s Expensive ‘Horizon’ Bites the Dust at the Box Office
Business

Costner’s Expensive ‘Horizon’ Bites the Dust at the Box Office

More news - Latest news "Inside Out 2," featuring Anxiety personified, maintained its position as the top film in North America for the third consecutive weekend. Meanwhile, "A Quiet Place: Day One," a suspenseful prequel, exceeded expectations with its strong ticket sales. However, Kevin Costner’s three-hour film “Horizon: An American Saga – Chapter 1” was largely ignored by moviegoers. Originally intended for streaming, this supposed start to an Old West series eventually made it to theaters, but failed to attract significant interest. Pixar’s “Inside Out 2” was projected to gross $57.4 million, reaching a three-week total of about $470 million in the U.S. and Canada, according to estimates from box office analysts on Sunday. The well-received sequel is approaching $1 billion in gl...
USA Today Editor-in-Chief Terence Samuel Resigns
Business

USA Today Editor-in-Chief Terence Samuel Resigns

Related media - Recent news USA Today Editor-in-Chief Terence Samuel announced Monday he is stepping down after a year in office. Samuel, a veteran journalist, had joined USA Today in July of the previous year from National Public Radio, where he had been a senior executive overseeing all news programs. Neither Samuel nor USA Today gave a reason for his departure. In an email to the newsroom, Monica Richardson, a senior vice president at USA Today, said Samuel’s resignation was “effective today.” Caren Bohan, the political editor, will temporarily take over as managing editor while the publication conducts a national search for a new chief newsroom editor, Richardson wrote. In an interview on Monday, Samuel described his departure as "sudden," but did not provide further details abou...
How Taylor Swift’s Eras Tour Could Affect the European Economy
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How Taylor Swift’s Eras Tour Could Affect the European Economy

More news - News 24 hours It’s not just Taylor Swift fans who are keeping an eye on the dates of her Eras Tour. One of Europe’s leading economists is well aware that the singer will be spending the summer zipping around Europe’s stadiums. Philip Lane, chief economist at the European Central Bank, had the pop star in mind when he spoke at an event on Monday. The interviewer had asked him about the risk that persistent inflation in the services sector could intensify, especially as Europe heads into a particularly busy summer with the Paris Olympics and the Euro 2024 football championship in Germany. “Well, that’s really interesting,” he said at the event. “You managed to say all that without saying Taylor Swift.” Miss Swift will tour Europe this summer, bringing with her hundreds of ...
The Fed’s preferred inflation measure shows signs of cooling
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The Fed’s preferred inflation measure shows signs of cooling

More news - Recent news The Federal Reserve's preferred measure of inflation continues to show signs of cooling, accompanied by moderate growth in consumer spending - welcome news for central bankers aiming to control rising prices and curb demand. The personal consumption expenditures (PCE) index rose 2.6% year-over-year in May, in line with economists’ expectations and down slightly from a 2.7% gain in April. Excluding the more volatile prices of food and fuel, the “core” inflation measure also rose 2.6% year-over-year, down from 2.8% in April. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing any significant increase. The Federal Reserve is likely to scrutinize this new inflation data as it considers its next policy moves. Since 2022, the ...
Hiring in the United States is on the rise, along with wages
Business

Hiring in the United States is on the rise, along with wages

Related media - Latest news Employers added 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That was up from an average of 232,000 jobs in the previous 12 months, muddying the picture of an economy easing into a more sustainable pace. What most concerns the Federal Reserve, which meets next week and again in July, is the 4.1% increase in wages over last year, a sign that inflation may not yet have been defeated. “For those who thought they would see a rate cut in July, that door has largely been closed,” said Beth Ann Bovino, chief U.S. economist at US Bank. While wage increases are good for workers, she noted, persistent price increases undermine their spending power. Shares fell shortl...
Boeing in hot water again for sharing details of plane crash investigation
Business

Boeing in hot water again for sharing details of plane crash investigation

More news - Latest news Boeing is facing renewed criticism after the revelation of a January crash involving a 737 Max plane. During a factory tour, a Boeing executive revealed details about the missing bolts that led to a panel coming loose in mid-flight. This sharing of information angered the National Transportation Safety Board (NTSB), which called it a “blatant violation” of investigative rules. The NTSB is investigating the crash and says Boeing is not permitted to discuss details or speculate on the causes. As punishment, they will limit Boeing's access to information about the investigation and prevent him from questioning others at an upcoming hearing. This comes after two deadly Max crashes in 2018 and 2019, which raised concerns about Boeing's past assurances of improved...
Passenger restrained with duct tape during flight risks a fine
Business

Passenger restrained with duct tape during flight risks a fine

More news - Latest news An American Airlines passenger who kicked and spit at flight attendants and passengers and attempted to open the cabin door before being secured to his seat with duct tape is being sued by the Federal Aviation Administration for $81,950 , the largest fine ever issued by the agency for unruly behavior. behavior. The passenger, Heather Wells, 34, of San Antonio, was traveling first class from Dallas-Fort Worth International Airport in Texas to Charlotte Douglas International Airport in Charlotte, North Carolina, on July 7, 2021, when About an hour into the flight she ordered a Jack Daniel's and became agitated and said she "wanted to get off" the plane, according to a lawsuit filed June 3 in the U.S. District Court for the Western District of Texas. Ms. Wells b...
EU targets Microsoft Teams bundling, saying it stifles competition
Business

EU targets Microsoft Teams bundling, saying it stifles competition

More news - Recent news The European Union (EU) accuses Microsoft of foul play after regulators accused the tech giant of unfairly bundling its popular Teams video conferencing software with its Office suite. This practice, the EU says, gives Teams an unfair advantage over competitors like Zoom and Slack. The issue centers on how Microsoft packages Teams within its Office 365 and Microsoft 365 subscriptions, which include programs like Word, Excel, and Outlook. Regulators believe this bundling essentially forces companies to adopt Teams if they want Microsoft's other widely used programs. This, they argue, harms competition by limiting customer choice. This is just the latest chapter in the EU's ongoing efforts to curb the dominance of big tech companies. Just a day earlier, the ...