Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Nvidia has unveiled its latest artificial intelligence chips, which the company claims are far more powerful than its current market-leading hardware, as it sets its sights on expanding its dominance of the booming industry. Nvidia's new Blackwell GPUs will significantly increase the computing power that drives large language models, CEO Jensen Huang said Monday. The Blackwell GPU has 208 billion transistors, compared to last year's H100, which had 80 billion transistors, a measure of its increased power.“Ladies and gentlemen, I would like…
Author: ricardofrancois
Former US President Donald Trump holds a news story about New York Attorney General Letitia James while speaking to the media at one of his properties at 40 Wall Street after closing arguments in his civil fraud trial on January 11, 2024 in New York City.Spencer Platt | Getty ImagesTrump's lawyers noted in a lawsuit Monday that he does not have sufficient funds to obtain an appeal bond that would prevent New York's attorney general from seizing his estate assets to satisfy a $454 million civil fraud judgment.Trump's lawyers said in the lawsuit that it has proven “impossible” for the…
Kate_sept2004 | E+ | Getty ImagesInvesting may seem very complicated, and this complexity may paralyze Americans into doing nothing.But investing — and doing it smart — doesn't have to be difficult. In fact, getting started can be relatively easy, according to financial experts.Warren Buffett, Chairman and CEO of Berkshire Hathaway, famously said: “You don't need to be a rocket scientist. Investing is not a game where the guy with a 160 IQ outperforms the guy with a 130 IQ.”For many people, investing is a necessity to grow their savings and provide financial security in retirement. Starting early in a career…
Elon Musk's xAI company released its large language model Grok as “open source” over the weekend. The billionaire is clearly hoping to put his company at odds with rival OpenAI, which despite its name is not particularly open. But does releasing code for something like Grok actually contribute to the AI development community? Yes and no. Grok is a chatbot trained by xAI to fulfill the same vaguely defined role as something like ChatGPT or Claude: you ask it, it answers. However, the LLM was given a brazen tone and additional access to Twitter data as a way to set…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.ExxonMobil's chief executive has insisted that its tense dispute with Chevron over a valuable oil field in Guyana will not harm the working relationship between the two American oil companies, even as the dispute threatens to derail the biggest takeover in Chevron's history. Exxon has begun an arbitration process against Chevron over the latter's $53 billion deal to buy Hess, arguing that it has a right of first refusal regarding Hess's stake in the oil-rich Stabroek block off the coast of Guyana.…
Economists expect the Fed to leave interest rates unchanged at the end of its two-day meeting this week, although many experts expect the central bank to prepare to start cutting interest rates in the coming months.In prepared remarks earlier this month, Federal Reserve Chairman Jerome Powell said policymakers did not want to ease too quickly.Powell noted that cutting interest rates too quickly risks losing the battle against inflation and will likely be forced to raise interest rates further, while waiting too long poses a risk to economic growth.But in the meantime, consumers will see little relief from sky-high borrowing costs.More…
Audi SQ6 e-tron SUV.AudiAudi on Monday unveiled its all-electric Q6 e-tron SUV, the first production car from the next generation of electric vehicle architecture.the VolkswagenThe Audi-owned luxury automaker says its new “Premium Platform Electric” unlocks new levels of technology for Audi, including a fast electric vehicle recharging time of up to 158 miles in 10 minutes.The car heralds the next generation of electric vehicles for Audi, which continues to introduce more hybrid and all-electric vehicles despite the recent slowdown in EV growth.Audi confirmed that it plans to introduce about 20 new or significantly redesigned models and derivatives globally until 2025,…
Amin Nasser, CEO of Saudi Aramco, speaks at S&P Global's CERA Week 2024 in Houston, Texas, on March 18, 2024.F. Carter Smith | Bloomberg | Getty ImagesHOUSTON — The energy transition is failing and policymakers must abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to continue growing in the coming years, Saudi Aramco CEO Amin Nasser said Monday.“In the real world, the current transformation strategy is clearly failing on most fronts because it collides with five hard realities,” Nasser said during an interview at CERAWeek organized by S&P Global Energy in Houston,…
The federal prison for women in Alameda County, which has an ugly history of sexual abuse of female inmates by staff, needs oversight from an outside monitor, a federal judge has ruled. In a decision issued Friday, U.S. District Judge Yvonne Gonzalez Rogers ordered the appointment of a special master to carry out corrections and other judicial orders at the Federal Correctional Institution in Dublin, where eight different employees, including a prison guard, have been indicted on charges of involvement in violence. Federal sexual assault charges. Six were sentenced. The judge described the prison as a “disorderly mess.””The situation can…
California is accelerating its efforts to empty San Quentin's death row with plans to transfer the last 457 condemned men to other state prisons by the summer.The move comes five years after Gov. Gavin Newsom signed an executive order imposing a moratorium on the death penalty and closing the prison's execution chamber. This coincides with his broader initiative to transform San Quentin into a Scandinavian-style prison with a focus on rehabilitation, education and job training. Convicted inmates will be rehoused in the general population across two dozen maximum-security state prisons, where they will have access to a wide range of…