Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mysterious wreckages photographed in Iraq have given the clearest indication yet of how Israel might have launched its counterstrike against Iran. The pictures, scoured by military analysts and open-source intelligence enthusiasts, suggest that Israel may
The Inflation Reduction Act has paved the way for broader participation in affordable housing and a renewed focus by developers on sustainability, panelists at Baker Tilly’s 2024 DevelUP conference said this week. One panelist called the 2022 law “the largest opportunity to build foundational generational wealth that you will experience,” and others praised the tax
Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI. The models will be integrated into its virtual assistant Meta AI, which the company is pitching as the
Tesla has voluntarily recalled all of the nearly 4,000 Cybertrucks it has sold over faulty accelerator pedals that risk causing fatal accidents, the National Highway Traffic and Safety Administration confirmed on Friday. According to a safety recall report by the NHTSA, the pad on the accelerator pedals of affected Cybertrucks “may dislodge, which may cause
Oil prices fluctuated on Friday, briefly spiking as much as 3% after Israel hit back at Iran in a retaliatory strike, further heightening tensions in the Middle East. Brent crude prices briefly reached above $90 per barrel after a US official told ABC News that Israel launched missile strikes against Iran late Thursday. The attack
pics and it didn’t happen — Microsofts VASA-1 can deepfake a person with one photo and one audio track YouTube videos of 6K celebrities helped train AI model to animate photos in real time. Benj Edwards – Apr 19, 2024 1:07 pm UTC Enlarge / A sample image from Microsoft for “VASA-1: Lifelike Audio-Driven Talking
Loading… Loading… Banking regulators are investigating whether index-fund giantsBlackRock IncBLK ,Vanguard, andState Street CorporationSTT adhere strictly to their passive roles in U.S. bank investments. These firms manage over $23 trillion, much of it in funds mirroring indexes like the S&P 500. BlackRock and Vanguard possess over 10% of shares in numerous banks, a threshold usually
Sharing is caring — Password crackdown leads to more income for Netflix Netflix to stop reporting subscriber numbers, prioritizing viewer engagement instead. Christopher Grimes, Financial Times – Apr 19, 2024 1:28 pm UTC EnlargeBloomberg reader comments 12 Netflixs crackdown on password sharing helped the streaming service blow past Wall Streets earnings forecasts, but its shares
Loading… Loading… ARK Investment Management LLC predicts that five disruptive technologies could reach a total market value of $220 trillion by 2030. According to the latest white paper, Platforms Of Innovation How Converging Technologies Should Propel A Step Change In Economic Growth, the Cathie Wood-led investment company explores the ascendance of five critical technologies: Artificial
By Pooja Toshniwal Paharia Apr 19 2024 Reviewed by Lily Ramsey, LLM In a recent study published in Nature Medicine, researchers developed the medical concept retriever (MONET) foundation model, which connects medical pictures to text and evaluates images based on their idea existence, which aids in critical tasks in medical artificial intelligence (AI) development and
It’s all jokes until it isn’t — Elon Musks Grok keeps making up fake news based on X users jokes X likely hopes to avoid liability with disclaimer that Grok “can make mistakes.” Ashley Belanger – Apr 18, 2024 9:47 pm UTC EnlargeSOPA Images / Contributor | LightRocket reader comments 69 X’s chatbot Grok is
In a recent report, global wealth manager UBS identified the sectors likely to drive the next wave of technological innovation and the stocks that stand to benefit. What Happened: UBS has pinpointed artificial intelligence (AI), cybersecurity, health tech, Greentech, and fintech as the sectors that will produce the next big thing in tech. The bank
By Vijay Kumar Malesu Apr 18 2024 Reviewed by Susha Cheriyedath, M.Sc. In a recent study published in the journal PLOS Digital Health, researchers assessed and compared the clinical knowledge and diagnostic reasoning capabilities of large language models (LLMs) with those of human experts in the field of ophthalmology. Study: Large language models approach expert-level
Loading… Loading… Needhamanalyst Kyle Peterson initiated coverage onAffirm Holdings IncAFRM witha Hold rating. Affirm is a leading provider of buy now, pay later (BNPL) services, with a broad range of product offerings and notable partnerships, most notably withAmazon.Com IncAMZN andShopify IncSHOP , the analyst noted. While Peterson flagged Affirms diverse product suite and expects the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran has activated air defence systems across several provinces, according to official news agency IRNA, after reports that an explosion was heard near the city of Isfahan. Tasnim news agency, which is close to Iran’s
Municipal bond mutual funds saw the first large outflows of 2024, marking tax-deadline selling pressure coinciding with higher rates and volatile U.S. Treasury market moves. LSEG Lipper reported $1.47 billion of outflows from municipal bond mutual funds for the week ending April 17, “as higher rates and tax liabilities drove outflows from both [exchange-traded funds]
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Stocks fizzle: Wall Street was enjoying
The UK government has told the country’s port authorities that it will not “turn on” critical health and safety checks for EU imports when post-Brexit border controls begin this month because of the risk of “significant disruption”. In a presentation seen by the Financial Times, the Department for Environment, Food and Rural Affairs (Defra) outlined
Loading… Loading… Social media personality Topdoge recently speculated on the potential for Dogecoin DOGE/USD to reach a $500B market cap, reminiscent of Ethereums ETH/USD previous bull run. What Happened: On Wednesday, Topdoge shared an analysis on X, formerly Twitter, comparing Dogecoins potential growth to Ethereums 2020 bull run. If Dogecoin were to hit a $500B
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