CEO of writer.com May Habib attends the Harper’s Bazaar At Work Summit, in partnership with Porsche and One&Only One Za’abeel, at Raffles London at The OWO on November 21, 2023 in London, England.Dave Benett | Getty ImagesSan Francisco-based AI startup Writer debuted a large artificial intelligence model on Wednesday to compete with enterprise offerings from OpenAI, Anthropic and others. But, unlike some of those competitors, it doesn’t need to spend as much to train its AI.The company told CNBC it spent about $700,000 to train its latest model, including the data and GPUs, compared to the millions of dollars competing…
Author: usaeverydaylife
The New York Jets stunned NFL followers by firing head coach Robert Saleh on Tuesday, two days after his team fell to 2-3 in a 23-17 loss in London to the Minnesota Vikings.Saleh, a well-respected defensive mind, was in his fourth season with the Jets. He had a 20-36 record, going 4-13 in 2021 followed by two 7-10 campaigns. Hope was not yet lost for the Jets this year, though, especially after they played all but four snaps last season without quarterback Aaron Rodgers. But team owner Woody Johnson believed a change in Week 6 was required to save the…
Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Geoff Robins | Afp | Getty ImagesVice President Kamala Harris’ presidential campaign operation crossed the $1 billion fundraising threshold in September, two months after she took over as the Democratic Party’s 2024 standard bearer, according to two people familiar with the numbers.That figure includes money raised by the campaign committee itself and by a campaign-affiliated joint fundraising committee that also collects cash for the Democratic National Committee and state parties.The staggering pace suggests Harris has been able to…
WASHINGTON – Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort to balance confidence on inflation with worries over the labor market, according to minutes released Wednesday.The meeting summary detailed reasons that policymakers decided to approve a jumbo rate cut of 50 basis points for the first time in more than four years, and showed members divided over the economic outlook.Some officials hoped for a smaller, quarter percentage point reduction as they sought assurance that inflation was moving sustainably…
Dividend stocks may be back in the spotlight, but investors should make sure they are buying quality companies that are growing their payouts, said Goldman Sachs. Dividend-paying equities are expected to get a lift as the Federal Reserve cuts interest rates. That’s because income investors may turn to them as their yields begin to appear relatively more attractive than Treasury yields. The central bank reduced the federal funds rate by half a percentage point in September, and has indicated another 50 basis point in cuts by the end of 2024. Goldman Sachs recently screened for stocks that offer solid dividend…
A satellite image shows Hurricane Milton progressing in the Gulf of Mexico before its expected landfall in Florida, Oct. 9, 2024.CIRA | NOAA | Via ReutersSeveral tornadoes and heavy rain hit south-central Florida on Wednesday afternoon as residents rushed to make last-minute preparations for Hurricane Milton. The storm continues to fluctuate in intensity as it approaches the state’s west coast, and it is expected to make landfall as a Category 4 hurricane, the second-highest rating.The National Hurricane Center said Monday that Milton had intensified into a Category 5 storm, but by Wednesday morning it had dropped down to a Category…
People buy items ahead of Hurricane Milton expected landfall in Bradenton, Florida on October 9, 2024.Miguel J. Rodriguez Carrillo | AFP | Getty ImagesAs Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud, price gouging and collusion that accompanies major natural disasters.”Wrongdoers are looking to exploit opportunities and victims of natural disasters for their own personal gain,” U.S. Attorney Ronald C. Gathe Jr. for the Middle District of Louisiana said in a statement.Federal Trade Commission chair Lina Khan said the FTC is “hearing troubling reports of…
Nvidia CEO Jensen Huang presents “Blackwell” at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024.Ann Wang | ReutersNvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta, Microsoft and Alphabet will update shareholders on their expected investments in artificial intelligence.Following a brief but dramatic dip in late August and early September, Nvidia has rebounded sharply. The stock was down slightly on Wednesday at around $132, just shy of its closing high of $135.58 reached…
Chris Kirkland was 13 when his father, Eddie, walked into a betting shop and asked what odds he could get on his son playing for England.It has become one of those enquiries bookmakers get from time to time, but back in 1994 it was unusual. It elicited a few questions, like whether the boy in question was registered with a professional club. The answer was no.The bookie came back with odds of 100/1, which prompted Eddie to put down a stake of £98.10 ($131 at today’s exchange rates). It was as much as he and various other family members could…
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled “Fiscal Year 2025 Request for the Federal Trade Commission,” in Rayburn Building on Wednesday, May 15, 2024. Tom Williams | Cq-roll Call, Inc. | Getty ImagesCVS Health and UnitedHealth Group are demanding Federal Trade Commission Chair Lina Khan and two other commissioners recuse themselves from a suit accusing the companies and other drug middlemen of boosting their profits while inflating insulin costs for Americans. In separate motions filed Tuesday night with the FTC, CVS and UnitedHealth argued that all three commissioners have an extensive…
