In a recent development, the Federal Trade Commission and the Justice Department have announced plans to launch antitrust investigations into tech giants Microsoft, OpenAI, and Nvidia. These investigations will delve into the companies’ influence on the artificial intelligence industry, focusing on their conduct rather than mergers and acquisitions. As emerging startups like OpenAI and Anthropic
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The Amazon Labor Union, formed as a grassroots organization of current and former Amazon workers in 2021, gained national attention after winning a historic union election in Staten Island. However, the group has faced challenges in negotiating a contract with Amazon, leading to rifts within the organization. With Amazon seeking to overturn the election results
In a recent development, Databricks, a leading data analytics software maker, has announced its acquisition of Tabular, a startup specializing in optimizing cloud-stored data. This move comes amidst fierce competition from entities like Snowflake and marks a strategic step for Databricks in enhancing its product portfolio. While the exact financial details of the acquisition are
Microsoft has announced that they will be laying off employees in the mixed reality department, specifically those working on the HoloLens 2 augmented reality headset. This decision comes as part of a larger restructuring effort by the software giant, which also includes changes to their hardware lineup. The move follows a previous round of layoffs
Boeing’s highly anticipated Starliner flight with astronauts onboard faced a last-minute setback on Saturday. The launch, scheduled for June 1 at 12:25 p.m. ET to transport astronauts to the International Space Station, was automatically put on hold with just under four minutes remaining in the countdown. Such holds and launch delays, known as “scrubs,” are
The recent market sell-off has broken a winning streak for the S & P 500, causing all three major averages to be on pace for losses on the week. Despite this downturn, there are opportunities for investors to gain exposure before a potential rebound. Both the S & P 500 and the Nasdaq Composite are
Misinformation and false reports have been spreading rapidly across right-wing media, particularly in relation to the jury instructions in former President Donald Trump’s hush money trial. This inaccurate reporting has not only led to confusion but has also resulted in threats against the judge overseeing the case. One Fox News anchor incorrectly stated that Judge
Nvidia’s recent surge in the market has left many investors and market watchers feeling anxious. Following the company’s impressive performance report on May 22, the stock saw a staggering 20% increase in just three trading days. Year to date, Nvidia’s shares have more than doubled, showcasing an extraordinary advancement of roughly 120%. With a market
The Democratic National Committee (DNC) has devised a strategic plan to conduct a “virtual roll call” to officially nominate President Joe Biden ahead of the party’s August convention. This initiative is an attempt to prevent Biden from facing potential exclusion from Ohio’s general election ballot. The announcement of this decision was made by Biden’s campaign
The underrepresentation of Asian Americans in the judiciary is a glaring issue that has become even more pronounced in recent years. Despite making up nearly 7% of the American workforce, Asian Americans accounted for less than 0.1% of all judges, magistrates, and similar judicial workers in 2023, according to federal labor data. This stark contrast