As the U.S. Department of Justice and 49 states sue Google over antitrust violations, emerging AI-powered chatbots like ChatGPT and Bing Chat, along with Google’s own Bard, are transforming the search landscape. These technologies offer direct answers, challenging Google’s ad revenue model and potentially making the anti-trust case moot.
Robotaxis have been approved for use in San Francisco by Alphabet and General Motors, despite some previous issues, and expansion to other cities is planned. In the realm of AI, concerns are rising, with Geoffrey Hinton warning about chatbots surpassing human intelligence, and criminals creating their own malicious versions of ChatGPT. However, there are positive … Read more
Summary In the area of weather and climate, the post highlights a winter storm in the US and potential glacier calving in Antarctica. In legal news, various federal rulings related to gun ownership and a nationwide injunction on the abortion pill are discussed. The sports section celebrates LeBron James’ record and the Kansas City Chiefs’ … Read more
The US Economy Stock Market Indices The Dow Jones Industrial Average was 33,000, up from 19,000 in April 2020 when the Covid-19 pandemic emerged. The NASDAQ Composite index was 11,000, down from the pandemic peak of 16,000 in November 2022, but still twice as high as the Great Recession in 2018. Inflation Continued The US … Read more
Omicron variant spreads rapidly around the world. The Omicron variant of COVID-19 spread rapidly around the world in December 2022, causing a surge in cases and hospitalizations. The World Health Organization (WHO) declared Omicron a “variant of concern” on November 26, 2022, and it quickly became the dominant variant in many countries. New COVID-19 vaccine … Read more
FTX Crypto Currency Exchange Goes Bankrupt, Causes More Volatility in Crypto Markets FTX, a cryptocurrency exchange founded by Sam Bankman-Fried, filed for Chapter 11 bankruptcy protection on November 11, 2022. The bankruptcy filing came after a series of events that led to a liquidity crisis at FTX. In the days leading up to the bankruptcy … Read more
US Economy The S&P 500 closed at 3,585 on September 30, its lowest level since the 2020 crash around the start of the COVID-19 pandemic and its third consecutive losing quarter. Trillions of retirement savings have been wiped out in 2022. US Supreme Court Cases Supreme Court hears arguments in case that could overturn Roe v. Wade. … Read more
Russian Invasion of Ukraine The main pipeline carrying Russian oil to the Baltic sea, Nord Stream 1, was halted indefinitely. The Kremlin says the pipeline cannot operate without maintenance work prohibited by the current sanctions. Vladimr Putin said the oil would resume flowing after the west lifted economic sanctions. But the Nord Stream pipeline was … Read more