Cyberattack Sends Derivatives Trading Back to the 1980s

Derivatives shops, used to clearing hundreds of billions of dollars in trades every day, found themselves in a dramatically different era this week: the old days of manually processing deals.

Beware ChatGPT Trying to Teach Your Kids Math … or Anything

Will it get more accurate? Yes, but it’s hard to say by how much. The large language model underpinning ChatGPT is made up of 175 billion parameters, which are settings that are used to make the model’s predictions, versus the 1.5 billion that its predecessor GPT-2 had. It’s become accepted wisdom in AI that the more … Read more

Trump Sues Journalist Bob Woodward for Releasing Interview Recordings

Trump participated in 19 interviews in-person or by phone with Woodward between December 2019 and August 2020, as well as in 2016 when he was still a candidate, according to the complaint. Woodward’s book, , was published a month after the last interview. In October 2022, Simon & Schuster released the audiobook of the recordings, … Read more

Cheetahs to Be Flown to India After Pact Concluded With South Africa

The group of big cats will join eight that have already arrived from Namibia and the plan is to send a dozen every year for a decade, the South African environment department said in a statement on Thursday. A memorandum of understanding has been signed between the countries, allowing the transfer to take place. 

Why People Wait Years for $100,000 Watches That Look Like Spaceships

(Bloomberg Businessweek) — Let’s get one thing straight: Maximilian Büsser, the creative force behind the red-hot MB&F brand, isn’t making watches he thinks you’ll like. He already did that. For about seven years, the son of a Swiss diplomat and a mother from Mumbai was head of the watch division at luxury jeweler Harry Winston … Read more

Trump Back on Facebook Restores Potent Weapon at Crucial Time

WASHINGTON, DC – JANUARY 23: U.S. President Donald Trump delivers remarks to reporters while participating in a roundtable about ‘fair and honest pricing in healthcare’ in the Roosevelt Room at the White House January 23, 2019 in Washington, DC. During the meeting Trump said 2018 was the first time in over 50 years that prescription … Read more

New Twitter Whistleblower Says Privacy Lapses Continued Into Musk Era

Twitter headquarters in San Francisco, California, US, on Tuesday, Nov, 29, 2022. Twitter Inc. said it ended a policy designed to suppress false or misleading information about Covid-19, part of Musk’s polarizing mission to remake the social network as a place for unmoderated speech.

US Sues Google to Break Up Ad Unit in Heated Antitrust Fight

The Mountain View, California-based company is No. 1 in the $626.9 billion global digital ad market, according to 2023 estimates by research firm EMarketer, with the US representing the biggest piece. Alphabet’s ad operations are expected to bring in $73.8 billion in US digital ad revenue in 2023. Most of that, $58.50 billion, comes from … Read more

Growth in China Slows Significantly

(Bloomberg) — Economic growth in China slowed significantly in 2022 from a year earlier as Covid-19 and the government’s response led to the second-weakest performance since the 1970s. While economists expect activity to pick up steam this year, China is contending with near record-low consumer confidence, a property market in the doldrums and a shrinking … Read more