OpenAI Founder Sam Altman Ousted as CEO
OpenAI Founder Sam Altman Ousted as CEO Sam Altman is no longer the CEO of OpenAI, Mira Murati, the Chief Technology Officer, is going to be stepping in as the interim CEO. According to OpenAI: “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his […]
US Announces $3.5 Billion for Domestic Battery Manufacturing
US Announces $3.5 Billion for Domestic Battery Manufacturing Reuters reporting – The U.S. Department of Energy announced the allocation of up to $3.5 billion to enhance domestic battery production and the manufacturing of battery materials. This funding, derived from the infrastructure law signed by President Joe Biden in 2021, is aimed at bolstering battery manufacturing […]
IMF: Soft Landing Likely for Europe
IMF: Soft Landing Likely for Europe Bloomberg reporting – The International Monetary Fund (IMF) forecasts that Europe’s economy will likely avoid a recession despite ongoing interest rate increases aimed at controlling inflation. However, returning inflation to normal levels may take several years. The IMF notes rising wages in Europe, which support economic recovery but also […]
Chinese Ship Possibly Responsible for Cable Damage According to Estonia
Chinese Ship Possibly Responsible for Subsea Internet Cable Damage According to Estonia Reuters reporting – Estonian prosecutors are focusing on the Hong Kong-registered container ship NewNew Polar Bear in their investigation into the damage of two subsea telecom cables last month. Finnish police also suspect that an anchor found near a damaged gas pipeline may belong […]
Xi and Biden Planning Talks on Nov. 15 in San Francisco
Xi and Biden Planning Talks on Nov. 15 in San Francisco Reuters and Kyodo News reporting – U.S. President Joe Biden and Chinese President Xi Jinping are preparing for potential bilateral talks in San Francisco on November 15, aligned with the APEC summit, aimed at stabilizing U.S.-China relations amid intense rivalry. (Also expect a flood […]