Economy

Connected media - Associated media For months, Nvidia, Microsoft and OpenAI have largely escaped the brunt of the Biden administration’s regulatory scrutiny. But things started to change when generative AI, capable of producing human-like text, photos, video and audio, hit the scene in late 2022 and created a frenzy in the industry. Regulators have recently signaled that they want to get ahead of developments in artificial intelligence. In July, the FTC opened an investigation into whether OpenAI had harmed consumers through data collection. In January, the FTC also launched a broad investigation into strategic partnerships between tech giants and AI…

Related media - Associated media George Bochetto, a Philadelphia lawyer who said he owned the house with his late partner’s widow, bought it in 2016 for $60,000. “It was abandoned for many years. He was run down,” Mr. Bochetto said in an interview Tuesday. He marveled at how “this little house on the western edge of Louisville, modest as it was, could produce a magnificent world figure.” He added: “Muhammad Ali was one of my heroes as a child.” Mr. Bochetto said he wants the new owners to “make sure the house is preserved” as an honor to him. The…

Related media - Linked media According to a recording obtained by the New York Times, one of the Washington Post’s political stars, Ashley Parker, asked how the paper had arrived at its decision, adding that a skeptical interpretation might be that Mr. Lewis was simply hiring his associates to help manage the Post. Mr. Lewis is in many ways orchestrating a reunion with the people he worked with in the early chapters of his career. As publisher of the Wall Street Journal, he appointed Murray to the paper’s top editorial position in 2018. And he worked with Winnett for years,…

Connected media - Connected media The jury was unanimous. But the cable news verdict was a split decision. Viewers across the country rushed to television screens Thursday to learn the outcome of the Manhattan criminal case against former President Donald J. Trump. Fox News got the most viewers for breaking coverage of the 34 charges, drawing 4.7 million viewers from 5 to 6 p.m., according to Nielsen. That’s a huge viewership for a weekday afternoon and easily surpassed the audiences of CNN, MSNBC and broadcast networks that interspersed regular programming with special reports. In the evening, after news of the…

Associated media - Connected media In the charges against his niece, Trump argued that she broke the terms of a confidentiality agreement that was part of a settlement tied to the will of Fred C. Trump, the former president’s father, who died in 1999. Mrs. Trump, who revealed her role as a source for the Times in a 2020 memoir, argues that the First Amendment protected her actions. In a three-page opinion Thursday, the state appeals court upheld a lower court’s ruling that there was “substantial legal basis” for Trump’s breach of contract claim. The opinion also notes several questions…

Linked media - Related media “It would be nice to block this mechanism, so that, whatever the outcome of the American elections, you have $50 billion to play with,” said Charles Lichfield, a senior fellow at the Atlantic Council. Although Russia dominated the talks, fears over the threat of China’s industrial overcapacity loomed large. Policymakers fear that a wave of heavily subsidized Chinese green energy technology products will cripple clean energy sectors in the United States and Europe, leading to job losses and dependence on China for solar panels, batteries, electric vehicles and other products. President Biden last week raised…

Linked media - Connected media In a recent research report on the latest developments in artificial intelligence, Deutsche Bank analysts noted that “constant improvements to already astonishingly powerful generative AI models show how the technology has quickly become table stakes for industry leaders. sector”. They said major industry players cannot “afford to fall behind in the early stages of push before market positions are consolidated”. OpenAI, which unveiled the ChatGPT chatbot in late 2022, has roughly tripled its valuation over the past year or so to $80 billion, with about $13 billion in backing from Microsoft. Anthropic, founded in 2021,…

Linked media - Connected media The arrival in Aragon of technology giants, such as Amazon Web Services, which have been operating three large data centers in the municipalities of Zaragoza and Huesca for a year and a half, will support an inversion of 15,700 million euros and the creation of 6,800 community jobs before 2034. In addition to strengthening the three centers, a new one was being created on 147 hectares of the Parque Empresarium de Zaragoza. In total, the multinational will plant its Cloud Region across 400 hectares of the community. «Never before have we announced such a powerful…

Related media - Linked media TikTok takes its fight to court TikTok fired the latest broadside in its battle with Washington, suing to block a law that could force the company to split from ByteDance, its Chinese owner, or face a ban in the U.S. The company argues that the law violates the First Amendment by effectively killing an app in the U.S. that millions of Americans use to share their views. Another problem: a divestiture within 270 days is practically impossible, Sapna Maheshwari and David McCabe report for The Times. DealBook spoke with Maheshwari about the lawsuit filed yesterday…