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Monthly Archives: May 2023

Here’s when government bills are due

The US Treasury Department building is seen in Washington, DC, January 19, 2023. Saul Loeb | Afp | Getty Images WASHINGTON — The June 1 “X date” is approaching, the earliest the U.S. government could run out of money to pay its bills if leaders do not reach a deal to …

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Apple execs skeptical on headset, calling it ‘science project’: report

Apple CEO Tim Cook looks on during an Apple event at their headquarters in Cupertino, California, September 7, 2022. Carlos Barria | Reuters Apple’s headset project suffered from CEO Tim Cook’s “distant” approach and lacked the confidence of key company executives at times, Bloomberg reported Thursday. The augmented reality headset …

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Meta pulls the curtain back on its A.I. chips for the first time

Meta has built custom computer chips to help with its artificial intelligence and video-processing tasks, and is talking about them in public for the first time. The social networking giant disclosed its internal silicon chip projects for the first time to reporters earlier this week, ahead of a Thursday virtual …

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Supreme Court ruling continues to protect Google, Facebook and Twitter

The Supreme Court declined to address the legal liability shield that protects tech platforms from being held responsible for their users’ posts, the court said in an unsigned opinion on Thursday. The decision leaves in place, for now, a broad liability shield that protects companies like Twitter, Meta’s Facebook and …

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Supreme Court rules against Andy Warhol Foundation in copyright case over Prince photo

Andy Warhol paints the Statue of Liberty in Paris, France on April 22nd, 1986. Francois Lochon | Getty Images The Supreme Court on Thursday ruled against the Andy Warhol Foundation in a copyright dispute over the use of a celebrity photographer’s image of the musician Prince. The court ruled 7-2 …

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Look inside the Joshua Tree Invisible House, on sale for $18 million

One of Airbnb’s most wish-listed properties in 2023 is on the market. The Joshua Tree, California-home is for sale at an asking price of $18 million, making it the most expensive home to ever hit the market in the town located about two hours southeast of Los Angeles in San …

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How luxury giant LVMH built a recession-proof empire

Luxury giant LVMH Moët Hennessy Louis Vuitton, more commonly known as LVMH, has grown into a $500 billion powerhouse conglomerate of 75 distinguished brands, or “maisons,” rooted in six different sectors — with no plans to slow down. The company recorded revenue of 79.2 billion euros, or about $86.3 billion, …

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Brain implant company Paradromics one step closer to FDA approval

Paradromics Cortical Module Source: Padromics A fast-growing team of nearly 50 scientists and engineers at the neurotech startup Paradromics has captured the attention of federal regulators.  Paradromics, founded in 2015, is developing a brain implant that could help patients with severe paralysis regain their ability to communicate by deciphering their …

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OpenAI, Microsoft, Google join AI talks at secretive meeting

Sam Altman, CEO of OpenAI, is one among a number of business and political leaders set to join the annual Bilderberg Meeting in Lisbon, Portugal. Win Mcnamee | Getty Images News | Getty Images OpenAI CEO Sam Altman will join forces with key leadership from firms like Microsoft and Google …

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Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet

Lorie K. Logan, the newly appointed Federal Reserve Bank of Dallas president and chief executive, is pictured in this undated handout image, obtained on May 11, 2022. Dallas Federal Reserve | via Reuters Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify …

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