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Archive: 2025-03-03 (664) - Page 1/14 (50)

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Super Mario to Benchmark AI Performance.

Researchers at Hao AI Lab have used Super Mario Bros. as a benchmark for AI performance, with Anthropic's Claude 3.7 performing the best, followed by Claude 3.5. This unexpected choice highlights the limitations of traditional benchmarks in evaluating AI capabilities. The lab's approach demonstrates the need for more nuanced and realistic evaluation methods to assess AI intelligence.

CoreWeave Files Major AI IPO as Revenue Surges Over Eight-Fold

CoreWeave, a cloud provider backed by Nvidia, has announced a significant surge in revenue of over eight-fold to $1.92 billion in 2024, according to its U.S. initial public offering paperwork. The startup is now poised to raise more than $3 billion from the share sale and aims for a valuation greater than $35 billion, making it one of the biggest tech listings in recent years. CoreWeave competes with cloud providers such as Microsoft's Azure and Amazon's AWS, but its data center footprint grew to 32 in 2024 compared to 10 in 2023.

Albertsons Appoints Insider to Top Role as CEO Vivek Sankaran to Retire

Albertsons has announced the retirement of CEO Vivek Sankaran, with Susan Morris, the current COO, set to take over the role on May 1. This leadership transition follows the supermarket chain's recent challenges, including a failed merger with Kroger, and marks a strategic shift towards enhancing digital sales and retail media initiatives. As Morris steps into the CEO position, she will also be responsible for executing the company's "Customers for Life" strategy aimed at improving customer retention through loyalty programs and personalized experiences.

Exclusive: General Catalyst Loses Three Top Investors as the Firm Expands Beyond Venture.

General Catalyst has experienced a significant shift in its leadership as three prominent investors depart amid the firm's transition to an "investment and transformation company." The departures of Deep Nishar, Kyle Doherty, and Adam Valkin come alongside the firm's strategic changes, including a merger with La Famiglia and an acquisition of Venture Highway, reflecting a broader evolution in its operational model. These changes, including a shift in compensation structures favoring cash bonuses, may signal an attempt to adapt to new market dynamics and investor expectations.

OnePlus Open Deal Knocks $500 Off and Even Lets You Save on Earbuds.

The OnePlus Open has received a nearly 30% price drop, making it an attractive option for those looking for a high-end foldable phone. With the code "LUCKY25" at checkout, shoppers can shave $500 off the device's original price, bringing it down to $1,200. Additionally, customers can add one of three accessories to their order and receive a 10% discount on them.

Republicans in Congress Turn Up Scrutiny of Fed as Inflation Persists

Congressional Republicans are intensifying their scrutiny of the Federal Reserve, a move that coincides with the central bank's struggles to contain stubborn inflation and redefine its role as a regulator. The incoming House task force will examine the Fed's conduct of monetary policy and bank regulation, grappling with questions about its dual mandate and supervisory role. The Fed is currently undergoing its own five-year review of its monetary policy strategy, seeking to address criticisms that it was slow to respond to inflation following the Covid-19 pandemic.

Google Gemini Users Can Now Access the AI Chatbot Directly From the iPhone's Lock Screen.

Google Gemini users can now access the AI chatbot directly from the iPhone's lock screen, thanks to an update released on Monday first spotted by 9to5Google. This feature allows users to seamlessly interact with Google's relatively real-time voice assistant, Gemini Live, without having to unlock their phone. The addition of new widgets and features within the Gemini app further blurs the lines between AI-powered assistants and traditional smartphones.

The Best Fitness Trackers to Buy Right Now.

Fitness trackers have evolved significantly, offering advanced features that cater to a variety of health and fitness goals. The market now includes devices that monitor heart health, recovery, and even sleep quality, making it easier for users to select a tracker that aligns with their lifestyle. With a diverse range of options available, individuals can find a fitness tracker that suits their personal needs, whether for casual use or serious training.

US Import Taxes of More Than 50% May ‘Ravage’ Canadian Lumber.

The US Department of Commerce's proposed increase in anti-dumping duties on Canadian softwood lumber to 20.07% has raised concerns about the industry's future and potential increases in US homebuilding costs. The move is seen as a response to Canada's alleged subsidies for its loggers, which has been a decades-old irritant in the trade relationship between the two countries. If all of these taxes are imposed, it could have devastating consequences for Canadian lumber companies.

Why Tariffs 'Aren’t the Problem' In the Stock Market: Veteran Trader.

Trader Talk host Kenny Polcari argues that the real issue in the stock market is not the tariffs themselves but rather the panic and knee-jerk reactions of investors to tariff announcements. Despite ongoing concerns regarding escalating trade talks and potential tariff increases, Polcari emphasizes that markets often rebound after initial sell-offs as companies adapt and trade deals are renegotiated. He suggests that maintaining a calm approach to investing is crucial, as overreacting to tariff news may lead to greater losses than the tariffs themselves.

Blumenthal Questions Rubio on $400 Million Tesla Cybertruck Purchase.

Democratic Senator Richard Blumenthal has questioned U.S. Secretary of State Marco Rubio about a reported plan to spend $400 million to purchase armored versions of Tesla Cybertrucks to transport diplomats, amid concerns over potential conflicts of interest and backdating of government documents. The State Department had previously stated that the contract was planned during the Biden administration but canceled by the Trump administration. However, Blumenthal has raised doubts about this account, suggesting that it may have been created or altered to justify the spending. The Senate investigations subcommittee chair is seeking clarification on the matter.

You Made This Happen: A Giant Lego Steamboat That We All Want to Build.

Lego has unveiled its first River Steamboat building set, featuring 4,090 pieces and measuring 27 inches in length, set to launch on April 10, 2025, for $329.99. This intricate model includes a vibrant red paddle wheel, various decks for exploration, and a steam engine, showcasing the creativity of fan designer Aaron Hall whose concept was brought to life through the Lego Ideas program. As part of a growing trend, this set highlights the collaborative nature of Lego, where community votes help turn fan designs into tangible products.

Government Oversight in Jeopardy as Musk's Authority Comes Under Fire

The growing tensions surrounding Elon Musk's executive power, accountability, and the implications of his actions within government agencies are being put to the test. Senator Ed Markey has urged lawmakers to call SpaceX CEO Elon Musk and the acting head of the Federal Aviation Administration to testify about air traffic control IT systems, citing concerns over Musk's reported interference in a competitively awarded FAA contract. The outcome of this ruling could set a significant precedent regarding the balance of power between appointed officials and the legal authority of executive actions in the federal government.

TSMC Invests $165 Billion in US Chip Industry.

TSMC's significant investment in the US is likely to reshape the global chip landscape by bolstering its competitive edge and expanding its capabilities in advanced technologies such as AI, where it has previously been a dominant player. The move may also put pressure on Intel, which has struggled with declining sales and lost market share, prompting it to seek customers for its own factories in the US. As TSMC ramps up production, it is poised to create hundreds of billions of dollars in semiconductor value for AI and other cutting-edge applications.

FDIC Rolls Back Mergers Policy

The Federal Deposit Insurance Corporation has approved a proposal to roll back a Biden-era policy that increased scrutiny of large bank mergers, allowing banks to pursue more streamlined deals. The move reverses stricter oversight rules adopted in 2024, which would have subjected larger firms to public hearings and financial stability analysis. By reinstating a more lenient approach, the FDIC aims to reduce regulatory uncertainty and expedite the review process.

Trump’s FDA Cuts Are Putting Drug Development at Risk.

Budget and staffing cuts at the Food and Drug Administration orchestrated by President Donald Trump could prevent new drugs “from being developed, approved, or commercialized in a timely manner, or at all,” according to dozens of annual reports sent by pharmaceutical companies to the Securities and Exchange Commission in late February. The impact on clinical trials and regulatory approvals is likely to be significant, potentially slowing down the development of life-saving treatments for serious diseases. As a result, patients may face longer wait times for new medications, which could have devastating consequences for public health.

Singapore Arrests Alleged Nvidia Chip Smugglers.

Singaporean authorities have cracked down on alleged smugglers of advanced Nvidia chips, arresting three individuals accused of diverting restricted technology to Malaysia. The investigation revolves around servers containing Nvidia components, allegedly supplied by Dell and Supermicro, raising concerns about China's attempts to circumvent US export controls. As the global semiconductor industry faces increasing scrutiny, Singapore's actions may signal a growing willingness to take action against illicit activities.

Trump Purge Hits Chips Act Office, Two-Fifths of Staff to Be Terminated: Report.

The Trump administration has laid off two-fifths of the staff at the U.S. Chips Program Office, responsible for managing the $52 billion Chips and Science Act, resulting in 60 job losses by the end of Monday. The office's budgeted funds have been contracted out, but more cuts are expected, raising concerns about the future of the program. The move is seen as a direct response to President Trump's opposition to certain stipulations included in the Biden-era Chips Office funding, such as unionization and paid parental leave.

The Banker Almost Credits Billions to Wealth Account in Copy-Paste Error

A near-error occurred at Citigroup after a staffer copied and pasted an account number into a field for the dollar figure, which was detected on the next business day. The company has since set up a tool to help vet large, anomalous payments and transfers. Citigroup did not immediately respond to a request for comment.

Researchers Surprised to Find Less-Educated Areas Adopting AI Writing Tools Faster.

Stanford researchers have analyzed over 305 million texts and discovered that AI writing tools are being adopted more rapidly in less-educated areas compared to their more educated counterparts. The study indicates that while urban regions generally show higher overall adoption, areas with lower educational attainment demonstrate a surprising trend of greater usage of AI tools, suggesting these technologies may act as equalizers in communication. This shift challenges conventional views on technology diffusion, particularly in the context of consumer advocacy and professional communications.

American Airlines Asks US Supreme Court to Reverse Ruling Barring JetBlue Alliance

American Airlines has asked the U.S. Supreme Court to reverse a lower-court decision that found its now-scrapped U.S. Northeast partnership with JetBlue Airways violated federal antitrust law, potentially paving the way for future collaborations between major airlines in the region. The company's appeal seeks to overturn a ruling by a Boston-based federal appeals court that upheld a trial judge's decision blocking the alliance. American Airlines argued that the joint venture was designed to increase market-wide competition among all airlines and expand customer options in the Northeast.

Elon Musk’s $1 Spending Limit Is Paralyzing Federal Agencies.

Elon Musk's implementation of a $1 spending limit for federal agencies, under the Department of Government Efficiency (DOGE), is causing significant disruptions in operations, including delays in critical shipments and hindrances to employee productivity. The credit card freeze is stalling essential travel and preventing agencies from effectively carrying out their functions, raising questions about the operational viability of government departments under such constraints. This situation highlights the broader implications of Musk's management style, which may redefine the relationship between private-sector practices and public administration.

Asus ExpertCenter PN54: Sleek-Looking Mini PC Unveiled with up to Ryzen AI 7 350 APU and 64 GB of Memory.

The newly launched Asus ExpertCenter PN54 mini PC packs AMD "Krackan Point" APUs for Zen 5 goodness, delivering commendable performance in a compact form factor. Powered by the Ryzen AI 7 350 APU or the Ryzen AI 5 340, the system boasts six cores and eight cores respectively, paired with up to 64 GB of DDR5 memory and up to 2 TB of SSD storage. The combination of powerful internals and an attractive exterior makes the Asus ExpertCenter PN54 a compelling option for those seeking a capable mini PC.

Creator Monetization Platform Passes Sued over Alleged Distribution of CSAM.

Passes, a direct-to-fan monetization platform for creators backed by $40 million in Series A funding, has been sued for allegedly distributing Child Sexual Abuse Material (CSAM). The lawsuit, filed by creator Alice Rosenblum, claims that Passes knowingly courted content creators for the purpose of posting inappropriate material. Passes maintains that it strictly prohibits explicit content and uses automated content moderation tools to scan for violative posts.

Melania Trump Urges Lawmakers to Sign Bill Combatting Revenge-Porn.

The first lady urged lawmakers to vote for a bill with bipartisan support that would make "revenge-porn" a federal crime, citing the heartbreaking challenges faced by young teens subjected to malicious online content. The Take It Down bill aims to remove intimate images posted online without consent and requires technology companies to take down such content within 48 hours. Melania Trump's efforts appear to be part of her husband's administration's continued focus on child well-being and online safety.

GigaCloud Technology Inc. (GCT) Q4 Earnings Lag Estimates

GigaCloud Technology Inc. (GCT) delivered earnings and revenue surprises of -15.56% and 1.99%, respectively, for the quarter ended December 2024, missing expectations due to non-recurring items. The company's quarterly report represents an earnings surprise of -15.56%, underscoring the volatility of its stock price. GCT's shares have lost about 8.6% since the beginning of the year, outperforming only the S&P 500.

BYD Raises Billions in Share Sale, Hong Kong's Largest in Four Years

BYD has raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years. The company said it sold 129.8 million primary shares in the deal, up from the original 118 million shares planned when the deal launched on Monday. BYD's Hong Kong shares opened down 8% on Tuesday, in line with the discount the stock was sold at in the deal.

Ukraine's Parliament Says Trump's Peacekeeping Is 'Decisive' In Ending the War

Ukraine's parliament has hailed President Donald Trump's peacekeeping efforts as "decisive" in ending the country's three-year-old war with Russia, citing US support as crucial to Ukraine's security. The statement comes after a public row between Trump and Ukrainian President Volodymyr Zelenskiy at the White House. Washington's backing for Ukraine has been a key factor in maintaining the country's sovereignty and resilience against Russian aggression.

IPhone 16e: A Surprisingly Impressive Alternative for Apple Intelligence Enthusiasts.

The iPhone 16e delivers a seamless software experience thanks to its compatibility with iOS and the availability of Apple Intelligence features, including Writing Tools, Notification Summaries, Image Playground, Visual Intelligence, Clean Up, and Genmoji. This personal intelligence system allows users to access advanced assistance based on their personal information and context. However, it's essential to note that the iPhone 16e's camera capabilities may not meet the expectations of photo enthusiasts.

The Mini PC Market Gets a New Player with the CWWK S7.

The CWWK S7 mini PC offers impressive specs, including 13 ports and up to 48GB of DDR5 RAM, making it suitable for various applications such as NAS setups, digital signage, and home office use. Its fanless design minimizes noise and dust, while dual internal fans enhance the passive cooling system. The CWWK S7 is powered by an Intel Core i3-N355 processor with eight cores and a maximum speed of 3.9 GHz.

BYD Raises Record $5.59 Billion in Hong Kong IPO.

BYD has raised a record $5.59 billion in its primary share sale, the largest of its kind in Hong Kong in four years, as sentiment in the tech sector improves following a high-level summit led by Chinese President Xi Jinping. The company sold 129.8 million shares at HK$335.20 each, a 7.8% discount to the stock's closing price on Monday. BYD plans to use the funds to invest in research and development, expand overseas businesses, and supplement working capital.

Prices Rose Along Border Ahead of Trump's Tariffs — Now Disruption Looms.

As 25% tariffs on imports from Mexico and Canada are set to take effect on Tuesday, Hispanic-owned businesses and companies that depend on cross-border trade are already passing higher prices onto consumers and preparing to sharply reduce imports.The prospect of a North American trade war has already thrown the global economy into turmoil, with consumer confidence tumbling, inflation worsening and the auto sector and other domestic manufacturers bracing for a downturn.Trump dismissed concerns that tariffs are largely paid for by consumers through higher prices, saying: “It’s a myth.”.

MWC Hears Two Starkly Divided Views of AI's Impact.

At the Mobile World Congress trade show, two contrasting perspectives on the impact of artificial intelligence were presented, with Ray Kurzweil championing its transformative potential and Scott Galloway warning against its negative societal effects. Kurzweil posited that AI will enhance human longevity and capabilities, particularly in healthcare and renewable energy sectors, while Galloway highlighted the dangers of rage-fueled algorithms contributing to societal polarization and loneliness, especially among young men. The debate underscores the urgent need for a balanced discourse on AI's role in shaping the future of society.

Tariffs on Canada and Mexico Hit Wall Street Hard

Wall Street's main stock indexes tumbled late Monday to end sharply lower after President Donald Trump announced the start of 25% tariffs on Canada and Mexico. The S&P 500 lost 1.75%, to end at 5,850.31 points, while the Nasdaq Composite lost 2.64%, closing at 18,350.19. The Dow Jones Industrial Average fell 1.47%, to 43,197.30. The Canadian dollar and Mexican Peso each fell to a one-month low against the U.S. dollar.

Elon Musk Floats a Solution to Tesla Vandalism.

Tesla CEO Elon Musk has proposed a solution to vandals attacking his company's cars: honking when tampered with. This move comes as customers report increasing incidents of keying and vandalism, prompting some owners to request the automaker take action. Musk responded by suggesting the car make noise when approached by someone tampering with it.

ZTE Nubia Neo 3 (GT): Cheap Gaming Smartphones to Launch This Month.

ZTE is set to release two new gaming smartphones, the Nubia Neo 3 5G and Nubia Neo 3 GT 5G, targeting budget-conscious consumers with competitive pricing of €249 and €299, respectively. Both models feature gaming-centric designs with RGB lighting and impressive battery capacities, although they vary in specifications, such as processor power and display technology. The global launch is anticipated for the end of March, making these devices a potential game-changer in the affordable gaming smartphone market.

Trump Announces Strategic Reserve for Top Cryptocurrencies.

President Donald Trump's surprise announcement of a strategic reserve comprising top cryptocurrencies, including Bitcoin and Ethereum, has sparked debate among industry figures about its implications and feasibility. The proposal has been met with skepticism by some, who question the practicality of storing large amounts of cryptocurrency in a physical location. However, others see it as a potential game-changer for the industry.

Why Marvell Technology (MRVL) Shares Are Plunging Today.

Marvell Technology's shares plummeted 5.9% in response to news that the Trump administration confirmed a 25% tariff on imports from Canada and Mexico, two of the largest trading partners of the United States, amid growing unease among Wall Street analysts and investors. The market's reaction was swift, with major indices tumbling, highlighting the urgent need for businesses to factor potential downside into their financial forecasts. For Marvell Technology, today's move indicates the market considers this news meaningful but not fundamentally changing its perception of the business.

Tesla Stock Reaches $430 as Morgan Stanley Reinstates as Top Pick.

Morgan Stanley analyst Adam Jonas predicts Tesla's shares will rise to $430, driven by the company's diversification into artificial intelligence and robotics. Shares initially fell 28% in February due to sluggish EV sales, but Jonas sees this as an attractive entry point for investors. The analyst reinstated Tesla as a top pick for the auto sector, citing the commercial opportunity of non-auto expressions of embodied AI.

Trump Criticizes Zelensky's Remarks on War's End.

The statement by Ukrainian President Volodymyr Zelensky that a deal to end the war with Russia was "very far away" has drawn a fierce response from Donald Trump, who accused Zelensky of not wanting peace and expressed frustration over what he perceived as a lack of gratitude for US aid. The US president's comments have caused tension between the two countries and raised concerns about the future of Ukraine's defense under Western backing. Meanwhile, European leaders have proposed a "coalition of the willing" to defend Ukraine and prevent Russian aggression after a peace deal.

TSMC Announces $100 Billion Investment in US Chipmaking

TSMC will invest at least $100 billion to expand chip manufacturing in the US, with two new factories to be built in addition to three previously announced facilities in Arizona. The investment builds upon existing commitments of $65 billion and $6.6 billion under the CHIPS Act. TSMC's expansion aims to establish itself as a major player in the global chip market.

Apple Mac Mini with M4 SoC Sees $100 Price Cut on Amazon.

The Apple Mac mini with the M4 SoC is a compact PC that offers impressive CPU and GPU capabilities, thanks to its 10-core CPU and 10-core GPU. The variant pre-configured with 24 GB of memory and 512 GB of storage is now cheaper than ever on Amazon, thanks to a $100 discount. This brings the price down to an all-time low of $899 for the 24 GB/512 GB config, making it an attractive option for those looking for a powerful and affordable desktop.

Crypto Stocks, Bitcoin Drop, Reversing Direction After Trump Touts US Crypto Reserve

Crypto stocks experienced volatility following former President Donald Trump's announcement on Truth Social regarding the creation of a U.S. crypto reserve that would include various cryptocurrencies such as bitcoin and ether. Despite an initial surge in prices, including a nearly 9% rise in bitcoin, the market reversed course, leading to declines in major crypto stocks and raising questions about the feasibility of Trump's proposal. Analysts highlight the mixed reception from the crypto community, noting the unexpected inclusion of multiple digital assets beyond bitcoin, while also emphasizing the uncertainty surrounding the implementation of such a reserve.

Nvidia Stock Plunges Amid China Probe.

Nvidia's stock price plummeted on Monday after Singapore announced an investigation into whether servers shipped to Malaysia containing chips barred from China ended up in the mainland. The investigation raises concerns about U.S. scrutiny of equipment exports by American companies, potentially dragging on sales growth. The news comes amid investor caution ahead of scheduled implementation of higher U.S. tariffs on goods from China, Mexico, and Canada.

Samsung Teases Galaxy S25 Edge at MWC

The Samsung Galaxy S25 Edge was showcased as a slender option at the Mobile World Congress (MWC) show floor, enticing photographers and enthusiasts with its sleek design. The phone's slim profile and dual-camera array were on display, despite initial concerns about its camera capabilities. Samsung's marketing efforts are working, but it remains to be seen if this focus on aesthetics will translate to meaningful innovations.

Trump Set to Plow Ahead with New Tariffs that Could Surpass What He Did in His Entire First Term.

The latest round of tariffs from President Trump is expected to have a significant impact on the US economy, potentially causing a sharper decline in GDP than his previous tariffs. The proposed duties on Canada and Mexico alone are projected to surpass the economic toll of his entire first term if kept in place. This could lead to increased costs for American households, with estimates suggesting an additional $1,000 per household.

Currencies of Trump’s Tariff Targets Slump With Levies Looming.

The Canadian dollar and Mexican peso have experienced notable declines following President Trump's announcement of a 25% tariff on products from both countries, set to take effect soon. This move has led to market volatility, as traders anticipated potential concessions that did not materialize, pushing both currencies to their weakest levels against the dollar since previous tariff deadlines. The overall sentiment in the foreign-exchange market suggests growing concern about the potential negative impacts of these tariffs on key industrial sectors in the U.S.

US Invests Heavily in Chip Manufacturing with TSMC

The U.S. government, led by President Donald Trump, has announced a significant investment of at least $100 billion in chip manufacturing capabilities through Taiwanese company TSMC, with plans to build three new facilities and generate 20,000-25,000 jobs. The move is seen as crucial to strengthening the country's domestic manufacturing footprint amid rising tensions between the U.S. and China. This investment will also enable TSMC to expand its production of advanced AI chips for major tech firms.

Tsmc and Trump Announce $100 Billion Investment in the Us, Including Three Fabs

TSMC is investing $100 billion in the United States, with a focus on building three fabrication facilities (fabs), two packaging facilities, and a research and development center. The investment will primarily be located in Arizona, with plans to create tens of thousands of high-paying jobs. TSMC's move to the US is seen as a response to global supply chain disruptions and geopolitical tensions.

GM Hires Chief AI Officer for New Role

General Motors has announced the hiring of its first chief artificial intelligence officer as the automaker seeks to integrate AI technology into its vehicles and other business operations. Barak Turovsky, a former head of AI at Cisco, will lead GM's software and services engineering team and report to Dave Richardson, senior vice president of the department. The appointment aims to accelerate GM's AI efforts across various product lines, including electric vehicles and autonomous driving systems.