The Steve Miller Band has canceled its entire North American tour, marking the first time a major tour has been canceled due to climate change-related weather disasters. The 31-date tour was scheduled to begin in August and conclude in November. In a statement, the band cited extreme heat, flooding, tornadoes, hurricanes, and forest fires as … Read more
Abbott Laboratories (ABT) stock plummeted 8% after the company delivered solid second-quarter earnings but disappointed investors with its forward guidance. Revenue rose 7.4% to $11.14 billion, beating the consensus estimate of $11.07 billion. Organic sales growth, excluding Covid testing results, increased 7.5%, outpacing the 7.2% estimate. The company’s medical devices segment was a standout, driven … Read more
A recent court ruling has provided clarity on the issue of book piracy in the development of Artificial Intelligence models. In two separate lawsuits, judges have deemed that tech companies are using copyrighted works without consent for training purposes to be “fair use.” The ruling is based on the concept of “transformative” use, meaning that … Read more
The British government secretly relocated over 19,000 Afghans to the UK in 2021 and 2022 after they worked with British diplomats, aid workers, or military forces in Afghanistan. The relocation was part of a program aimed at thanking these individuals for their service and safeguarding them from potential Taliban retribution. However, a data breach in … Read more
Olivia Smith is set to become women’s football’s first £1million player, joining Arsenal Women on a four-year contract. The Canadian international’s record-breaking transfer was confirmed on Thursday, with the club announcing only that she had moved for an “undisclosed fee”. The secrecy surrounding Smith’s move reflects her family’s values of loyalty and privacy. As a … Read more
JetBrains has launched its AI-powered coding agent Junie, designed to revolutionize software development by automating repetitive tasks, generating high-quality code, and minimizing errors. The new tool boasts a transparent thought process, structured task planning, and comprehensive progress tracking, allowing developers to work more efficiently. According to the Junie Developer Experience Survey conducted by JetBrains in … Read more
JPMorgan Chase CEO Jamie Dimon has identified cyber threats as the biggest risk facing the private credit industry. In an interview with hosts of the Acquired podcast, Dimon expressed concerns about the growing threat of cyber attacks on financial institutions. Dimon stated that JPMorgan Chase is well-equipped to handle cyber threats, spending $800 million a … Read more
San Jose, California, is leading the charge in adopting artificial intelligence (AI) technology to boost government efficiency. The city’s mayor, Matt Mahan, aims to train 1,000 workers by next year using AI tools for various tasks such as pothole complaint response and bus routing. Mahan believes that AI can eliminate drudge work, freeing up employees … Read more
CNBC’s Investing Club with Jim Cramer released its daily update, highlighting market moves and key earnings announcements. On Thursday, stocks rose as the technology and industrials sectors drove gains in the S&P 500, while real estate and healthcare weighed on the index. Amazon cut jobs at its Amazon Web Services cloud computing division, but analysts … Read more
A massive fire at a hypermarket in Kut city, Iraq’s eastern Wasit governorate, has left at least 61 people dead and several missing. The blaze erupted as families gathered to have dinner and shop, authorities said. According to the Iraqi Interior Ministry, 14 charred bodies were found inside the building, while 45 people were rescued … Read more