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Business News

Location American Business News for 20 November 2023
New OpenAI CEO Emmett Shear says AI 'doom' risk 'should cause you to s-t your pants' Emmett Shear, the former Twitch CEO who was named the interim chief of OpenAI on Monday, has warned that artificial intelligence is "intrinsically dangerous" and poses such a threat of causing "doom" that it "should caus...
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Intellectual Property Rights to fuel economic growth in India: Unnat Pandit Pandit cited the government's focus on fostering economic reform and development through IPRs
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OpenAl is building the most powerful tech in the world. The public should be told what Sam Altman lied to the board about. OpenAl has the most powerful tech in the world right now. So it's important to know what caused his ouster.
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Dfinity Foundation and Singularitynet Partner to Transform Decentralized AI with Blockchain Integration The Dfinity Foundation and Singularitynet have announced an initiative to merge the Internet Computer blockchain with Singularitynet’s marketplace. This collaboration aims to transform the accessibility and transparenc...
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Why converting purchases to EMIs may no longer get you a discount Banks push customers to convert their shopping purchases to EMIs but this carries interest and other charges.
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Creator Eric Sedeño's Mission to Leave a Positive Impact on Social Media At its best, social media can be a space for fun and creativity. This is what you'll find when watching Eric Sedeno's content on TikTok and Instagram. Sedeno may be known for his funny TikTok videos, but he started out w...
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Brace for constant volatility as high interest rates amplify the US debt problem, BlackRock says The US could spend more paying the interest on its debt than it does on Medicare payments in just a few years, BlackRock said.
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Sony's Wonderverse bringing 'Ghostbusters' and 'Zombieland' to life at new entertainment destination inside Oakbrook Center Under construction at the site of a former Sears department store, Wonderverse will include both permanent and pop-up themed attractions, from virtual reality quests and escape rooms to old school arcade games.
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Tether Freezes $225M Linked to Human Trafficking Syndicate Amid DOJ Investigation Stablecoin issuer Tether has frozen $225 million worth of its stablecoin following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia.
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The Winners and Losers of OpenAI's Wild Weekend

The New York Times - 20 Nov 2023 15:56
The Winners and Losers of OpenAI's Wild Weekend It is hard to see the past few days as anything but a big loss for the A.I. company.
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Microsoft's Stock Recovers After Hiring OpenAI Outcasts

The New York Times - 20 Nov 2023 15:29
Microsoft's Stock Recovers After Hiring OpenAI Outcasts The tech giant moved quickly to hire Sam Altman and others after their abrupt departures from OpenAI, a key Microsoft partner, which had rattled the company's investors.
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How to Prepare for the Deluge of Year-End Requests

Harvard Business Review - 20 Nov 2023 15:05
Five strategies for managing the urgent (and not-so-urgent) demands.
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Many do-it-yourselfers have the knowledge and temperament to be their own financial planner. But is it worth it?
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Sam Altman posts a selfie from the firm's US head office 48 hours after his shock ouster from the company.
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With 93% of Bitcoin's Supply Mined, Network's Hashrate and Difficulty Surge in Synchrony On Sunday, November 19, 2023, Bitcoin’s hashrate maintained a steady pace at 468 exahash per second (EH/s), surpassing the intended ten-minute block interval average. The most recent block was processed in just 7 minut...
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Billionaire X owner Elon Musk responded to a social media post that promoted an antisemitic conspiracy last week
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Citi sued for sexual harassment in suit citing 'notoriously hostile' environment, banker like 'House of Cards' The plaintiff said men ranked female colleagues based on looks, discussed who they wanted to have sex with, pressured women to visit strip clubs, and mocked the bank's sexual harassment training and women's initiatives.
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Russia's advice to troops dealing with exploding drones is to weld cages on any vehicles they can Illustrations from Russia's defense ministry teach troops how to weld cages onto their tanks and vehicles to protect from exploding drones.
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Adweek Podcast: Tech Trends and Media Friends The deprecation of third-party cookies has been a trending conversation for a while now, but there is a lot more going on when it comes to the rapid evolution and impact of tech in the ad industry. In this episode of Yea...
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Amazon Lays off Hundreds in Alexa Division, Homes in on Gen AI

Retail Touch Points - 20 Nov 2023 23:49
Amazon Lays off Hundreds in Alexa Division, Homes in on Gen AI Amazon has confirmed it is laying off "several hundred" jobs in its Alexa division, the latest move in the company's strategic reprioritization and significant cost-cutting that began in early 2023. According to a memo w...
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Pre-Thanksgiving Storms: Severe Rain And Snow Could Cause Holiday Travel Headaches Many major cities in the eastern half of the U.S. will see heavy rain and wind on Tuesday and Wednesday.
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How Microsoft's Satya Nadella Kept the 'Best Bromance in Tech' Alive Mr. Nadella moved fast to hire Sam Altman, who was pushed out of OpenAI on Friday, and asserted his company's role in its partnership with the A.I. start-up.
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