Elon Musk Unveils xAI, His Answer to the ChatGPT AI Revolution
Tesla (NASDAQ: TSLA) CEO and Twitter owner Elon Musk is aiming to challenge major tech companies with his own alternative to ChatGPT, called xAI. The team behind the new startup is composed of engineers from Google, DeepMind, and Microsoft, including Igor Babuschkin, Tony Wu, Christian Szegedy, and Greg Yang. Musk has previously expressed concerns about […]
Almost 6 Months In, Is NVIDIA’s Eye Contact AI Still Too Creepy To Use?
Nvidia‘s (Nasdaq: NVDA) January release of Eye Contact, an AI-powered software video feature, garnered mixed reviews after its introduction. About six months in, it’s still getting pretty much the same reviews. The technology, included in the 1.4 version of Nvidia’s Broadcast app, aims to maintain eye contact during video calls by simulating gaze alignment using software-controlled […]
Microsoft-Activision Blizzard Merger Clears a Major FTC Hurdle
A federal district court judge in California has denied the Federal Trade Commission’s (FTC) request for a preliminary injunction to stop Microsoft’s (NASDAQ: MSFT) acquisition of Activision Blizzard (NASDAQ: ATVI). The decision is a major setback for the FTC, which has been scrutinizing the merger over competition concerns. The FTC had argued that the merger […]
OceanGate Is Selling One Of Its Submarines
One of OceanGate’s two remaining submersibles, this one built in 1973, is looking for a new owner. The Antipodes has been listed for sale for the past five years with no success, according to Steve Reoch, an expedition-yacht broker. The 13.5-foot sub built by Perry Submersibles was purchased by OceanGate’s CEO, Stockton Rush, as the […]
Madison Square Garden’s Tax Break Has Cost Taxpayers Nearly $1 Billion — IBO Report
Madison Square Garden (MSG) has been granted a permanent tax exemption by the New York State Legislature since 1982. The exemption was originally intended to be temporary, but it has cost taxpayers nearly $1 billion over the past 40 years. The exemption is based on the argument that the New York Rangers and Knicks would […]
WallStreetBets Lawsuit Against Reddit Dismissed
A US judge has dismissed the lawsuit filed by Jaime Rogozinski, the founder of WallStreetBets, the renowned online community known for popularizing “meme” stocks. The lawsuit accused Reddit of unjustly banning Rogozinski from moderating the community and infringing on his trademark rights, as reported by Reuters. Rogozinski alleged that Reddit removed him in April 2020 […]
Laurentian Bank Could Be Up For Sale For Over $2 Billion
Laurentian Bank of Canada (TSX: LB), the country’s ninth-largest lender, has announced its decision to put itself up for sale, indicating a growing trend towards consolidation in the financial services sector. Sources reveal that Laurentian’s board of directors has engaged financial and legal advisers to discreetly approach potential buyers for the Montreal-based bank. The decision […]
Bank of Canada Raises Interest Rates Another 25 Basis Points to 5%
As was widely expected, the Bank of Canada raised its overnight rate by another 25 basis points, bringing the cost of borrowing to 5%. Following last month’s quarter-point rate increase, policy makers decided to maintain the central bank’s resolute of tackling runaway inflation following a brief pause in May. Citing strong demand and a tight […]
Kontrol Tech Investigating Potential BioCloud Patent Infringement
Kontrol Technologies (NEO: KNR) is reportedly investigating a potential patent infringement on its BioCloud technology. The revelation was quietly included in an unrelated news release made by the company this morning. The patent infringement is said to come from “certain competitors in the marketplace,” although the company did not name the offender specifically. Kontrol continued […]
Verses AI Selected For Involvement in EU Commission’s dAIEDGE Project
Verses AI (NEO: VERS) has been selected as part of a consortium for a research and innovation grant from the EU Commission. The grant is part of a Horizon Europe project referred to as dAIEDGE.