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Business News

Location American Business News for 14 September 2024

Should Betting on Elections Be Legal?

The New York Times - 14 Sep 2024 14:00
Should Betting on Elections Be Legal? Election wagers have long been banned in the United States. But for a brief period on Thursday, a regulated prediction market was permitted to offer them to Americans.
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Waymo and Tesla have opposite problems as they compete for driverless tech dominance Waymo and Tesla have opposite hurdles to clear to determine a winner in the battle for market dominance in driverless tech.
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AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would ...
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FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal Errors Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a...
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Google's Breakup Is Starting to Get Priced In

Wall Street Journal - 14 Sep 2024 13:30
Valuation has fallen as analysts are less optimistic that dual antitrust cases will leave the company unscathed.
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Why Japan is one of the only countries that isn't fed up with housing costs Some experts have pointed to Japan, where housing costs are lower than peer countries, as a potential model for solutions the US could adopt.
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Meet the 10 biggest wealth gainers this year — who've added a combined $360 billion to their fortunes in 2024 Nvidia's Jensen Huang, Meta's Mark Zuckerberg, and Oracle's Larry Ellison are all up over $50 billion this year thanks to soaring stock prices.
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5 warning signs the economy is spiraling toward recession — and why there's 'major disconnect' between stocks and the job market "We do not expect this time to be different," says Jon Wolfenbarger.
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Brain science called it: This is the best way to learn anything new. Here's how When done right, social learning activates crucial networks of the brain that deepen understanding and ease of recall, and enable the development of new behaviors. The social side of work is inshort supplythese days.
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What Scared Ford's CEO in China

Wall Street Journal - 14 Sep 2024 06:00
What Scared Ford's CEO in China Jim Farley is changing strategy to combat what he calls an 'existential threat' from China's electric carmakers.
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Apple Has a Hot New Product. It's a Hearing Aid.

Wall Street Journal - 14 Sep 2024 03:00
Apple Has a Hot New Product. It's a Hearing Aid. The world's most valuable company just turned its top-selling headphones into low-cost hearing aids--and it's quietly a huge moment.
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Kenya Acting to Curb AI Disinformation, President Ruto Says Kenyan President William Ruto announced measures to prevent artificial intelligence (AI) from spreading disinformation, alongside the launch of the Fifth National Action Plan on Open Government Partnership. The initiativ...
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Jamie Dimon may not see it, but JPMorgan has a glaring 'woke' blind spot Jamie Dimon fashions himself the "least woke person you will ever meet," his colleagues say.
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The FAA has hit 'unruly' flyers with $20 million in fines since the pandemic — a huge increase compared to pre-2020 The FAA has fined 'unruly' passengers over $20 million since travel restrictions eased after the height of the COVID-19 pandemic.
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Striking Boeing Factory Workers Ready to Hold Out for Better Contract Blue-collar Boeing workers overwhelmingly rejected a proposed contract that would have raised their wages by 25% over four years.
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China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision China is moving to update its legislation to tackle new money and cryptocurrency money laundering crimes. The Chinese Congress is set to introduce new money laundering concepts in the second review of the money launderin...
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What does it cost to build a conversational AI?

Venture Beat - 14 Sep 2024 21:05
Integrating conversational AI can be incredibly useful. Just make sure you're guided by what makes sense for your company and customers.
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Trump's Proposal to End Taxes on Overtime Pay Could Cost Billions The former president left many key details about the overtime plan unaddressed, including whether the exception would apply to the payroll taxes that fund Social Security and Medicare.
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Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024.
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Megan Ellison, the award-winning daughter of billionaire Larry Ellison, has a headache on her hands Annapurna Interactive's entire staff resigned this week, leaving Megan Ellison and her video game studio scrambling.
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Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison Sentence Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authori...
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The iPhone 16's new camera control button, similar to a DSLR, is generating buzz despite Apple Intelligence features rolling out later than expected.
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