SBF Faces Prison, but 'Effective Altruism' Lives On
Proponents of the movement funded the Biden administration’s executive order hindering AI development. Source link
Hertz, Tesla and the Perils of CEO Groupthink
Hertz announced to much fanfare on Oct. 25, 2021, that it planned to buy 100,000 Teslas. “Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” then-CEO Mark Fields said. The share prices of both companies popped, and Tesla’s market capitalization surged past $1 trillion, exceeding the valuations […]
California Invents a Crazy New Tort
Jan. 14, 2024 12:06 pm ET Businesses are often sued for selling allegedly faulty products that aren’t actually defective. Last week a California appeals court ruled that businesses can also be sued for failing to develop a product. Behold California’s new tort standard: You should have built that. Some 24,000 patients have sued Gilead Sciences […]
Hit Men Are Easy to Find in the Movies. Real Life Is Another Story.
It’s a scene as old as celluloid: a shadowy figure named Luca Brasi or John Wick or Barry Berkman lurking in the darkness, outfitted with sinister intent and nifty weapons, effortlessly committing a murder for cash, animus or cold political calculations. Whether they’re called hit men, contract killers or assassins, figures who kill for a […]
Worried about AI? How to build skills for your next resume – National
Gaining enough artificial intelligence or AI knowledge to keep up with evolving demands in Canada’s tech industry doesn’t have to be difficult, industry experts say. With a growing number of free courses available online and recent industry reports showing that candidates will need to show skill in artificial intelligence this year more than ever, the […]
Got $60 Million? Goldman Sachs Wants to Lend You More
Goldman Sachs has given up on lending to Main Street consumers. Now it’s doubling down on wealthy clients. The Wall Street giant is increasing lending to its private-wealth clients, individuals and families who on average have $60 million with the bank. In its trading department, loans to institutional clients, including hedge funds seeking to borrow […]
The Last Man Standing in Crypto
Brian Armstrong has become the new face of crypto. Coinbase Global, the cryptocurrency exchange he co-founded in 2012, is one of the last big digital-asset companies standing after a string of high-profile collapses and government crackdowns. Armstrong’s former rivals—FTX founder Sam Bankman-Fried and Binance founder Changpeng Zhao, who once boasted far greater influence and wealth—are […]
I Bought the World’s Hottest High-Tech E-Bike. Then Its Maker Went Bankrupt.
The VanMoof X3 was the perfect fit. Both my 6-foot-1 husband and my 5-foot-2 self could ride the e-bike comfortably. We live in Paris, and the X3 had many features to ward off thieves, including an integrated wheel lock, a motion-based alarm and location tracking via Apple’s Find My network. I’ve reviewed a number of […]
The Surprising Aftermath of a Big Raise
Listen to article (1 minute) Up and down the income ladder, people say more money would make them happier. When they actually get it, that isn’t always the case. Some people who have gotten big raises recently say the money hasn’t changed their day-to-day life or hasn’t provided them as much joy as the things […]