Staff writer at TechEchelon covering technology, markets, and policy. Jay reports on the deals, regulations, and breaking news that move the publication's core desks.
The minutes from the Federal Open Market Committee's April 30-May 1 meeting, released on Wednesday, revealed policymakers' unease about the timing for easing monetary policy.
761 DAYS AGO
The Self Research Institute (SRI) goes beyond its name and its function as a non-profit focused on ensuring individuals have control over their own data but the lofty ambition to interpret, engage and adapt along with the information to improve lives.
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OpenAI introduced a new AI model and a desktop version of ChatGPT with a revamped interface on Monday.
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During its earnings call, SMIC stated, "There is increasing competition in the industry, and pricing for commodity products generally aligns with market trends."
773 DAYS AGO
The Dow advanced 331.37 points or 0.85%, closing at 39,387.76, its longest rally since December's nine-day stretch. The S&P 500 rose by 0.51% to end at 5,214.08, while the Nasdaq Composite increased by 0.27% to finish at 16,346.26.
774 DAYS AGO
T-Mobile received the heaviest fine of $80 million, in addition to a $12 million penalty for its subsidiary, Sprint, which it acquired in 2020. AT&T was fined more than $57 million, while Verizon received a fine of almost $7 million.
783 DAYS AGO
29-year-old Noland Arbaugh, the first person to receive Neuralink’s device, revealed during the broadcast on Musk's platform X that he had been paralyzed following a diving mishap about eight years prior.
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Dr. Manax, a renowned clinical oncologist with more than 20 years of experience in the pharmaceutical and biotech industries, brings a wealth of expertise in global drug and device development, nanomedicines, and the commercial launch of groundbreaking medical solutions.
832 DAYS AGO
Tom Alison, Facebook's chief, highlighted during the Morgan Stanley tech event in San Francisco that this initiative is a key component of Meta's technological strategy extending through 2026.
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Powerback Rehabilitation has announced a partnership with Tapcheck, an award-winning earned-wage access platform. This strategic alliance aims to empower Powerback's workforce, granting its 12,000 employees instant access to their earned wages – a move that both companies believe will significantly enhance financial well-being and job satisfaction.
838 DAYS AGO
Demis Hassabis, CEO of Google DeepMind, revealed at the Mobile World Congress in Barcelona that the tool, part of Google's Gemini suite of AI models, is undergoing fixes to address these issues, with hopes of it being back online within a few weeks.
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There was also notable progress in controlling inflation. Core personal consumption expenditures (PCE) prices, a key inflation metric favored by the Federal Reserve, increased by 2%, with the overall rate at 1.7% for the quarter. Yearly, the PCE price index grew 2.7%, a reduction from the previous year’s 5.
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In 2022, nearly 2,000 schools across 45 U.S. districts were targeted by cyber attacks, almost doubling the number from the previous year, as reported by Emsisoft.
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Microsoft, a key investor in OpenAI, provides the AI firm with Azure cloud computing resources. The New York Times asserts that its proprietary content has been used unlawfully, leading to significant financial damages.
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Furthermore, the committee hinted at potential interest rate reductions in the coming years. For 2024, they anticipate at least three cuts, which is more aggressive than their previous stance but still less than market expectations of four cuts.
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In a groundbreaking development for cybersecurity education, MAD20 Technologies, a recent spin-out from MITRE Engenuity, and CYBER...
922 DAYS AGO
Daniel Zhao of Glassdoor observed that the job market is aiding in achieving a gentle economic slowdown, noting the report's uneventful nature as a positive shift after years of more tumultuous updates.
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This strategy mirrors Microsoft's recent move in the cloud sector, where it introduced its first AI chip, Maia 100, and also plans to incorporate Nvidia H200 GPUs in its Azure cloud service.
937 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.