Posts by Amelia Frost
Dan Ives Launches A $200 Million AI Fund, Opening Private Companies To Public Investors
Dan Ives is putting his name behind a new $200 million publicly traded fund designed to give ordinary market investors exposure to private companies building artificial intelligence technology and the infrastructure supporting it. Ives Ultra AI Opportunities Inc. priced its initial public offering at $10 a share, selling 20 million shares for gross proceeds of…
Read MoreLoneStar Brings Music, Giveaways and Festival-Weekend Experiences to Austin
Austin’s October festival season is about more than what happens on stage. The city has a long history of turning major music events into citywide experiences, something IBTimes has previously captured in its coverage of SXSW in Austin. For two weekends, restaurants, bars, local venues and the streets surrounding Zilker Park become part of the…
Read MoreI’m a Fashion Influencer With a Chronic Skin Condition—Here’s How It Shapes My Style
Voos prefers cotton underwear with a wide waistband that doesn’t pinch or roll, such as the Universal Standard UltimateS High-Rise Brief. For bras, she points to the Torrid Wire-Free Push-Up Bra as an excellent option that provides ample support while still offering a comfortable barrier between you and your clothes. Choosing the right underwear and…
Read MoreThe FTC Is Reportedly Opening a Major Probe Into The Top AI Labs Over Potential Dangers To Consumers
The Federal Trade Commission is opening a major probe into the U.S.’s top AI labs over their potential dangers to consumers, according to a new report. The entity plans to issue demands for information and testimony from top executives, Reuters detailed. The main AI companies, including OpenAI and Anthropic, are under growing scrutiny as incidents…
Read MoreOpenAI Faces Lawsuit Over Hacking Incident. Plaintiff Says ‘AI Did It’ Is Not A Defense.
OpenAI is being sued after its AI models went rogue and attacked tech startup Hugging Face in July. The lawsuit was filed by Legal Advocates for Safe Science and Technology (LASST). The lawsuit argues that OpenAI is responsible for the actions its AI agents and it is believed to be the first lawsuit of its…
Read MoreTrump Floats Jay Clayton For AI Czar. He Has Called AI Both An Opportunity And a Threat.
President Donald Trump is considering Director of National Intelligence Jay Clayton for a new White House AI czar role as his administration works to put a central figure in charge of its evolving approach to artificial intelligence. Trump told Axios that Clayton would be a good choice when the intelligence chief’s name was raised during…
Read MoreDisney Cuts Hundreds Of Jobs Under New CEO Josh D’Amaro In Third Wave Of Layoffs Since Taking Office
Disney is cutting around 300 jobs in its latest round of layoffs under new CEO Josh D’Amaro, extending a companywide cost-reduction drive as the entertainment giant restructures operations and looks for more money to invest in growth. The majority of the latest cuts are affecting employees in human resources and technology, a person familiar with…
Read MoreThe U.S. Economy Grew More Than Previously Estimated In Q2 As Consumer Spending Remains Strong
The U.S. economy grew 2.2% in the second quarter of the year, slightly less than in the first one (when it grew 2.5%) but above its previous estimate of 1.5%, new figures show. The data from the Commerce Department’s Bureau of Economic Analysis noted that “real GDP was revised up 0.7 percentage point from the…
Read MoreThree New Vessels Were Hit In The Strait of Hormuz. Oil Prices Are Climbing Again.
Oil prices are climbing again on Wednesday following reports of renewed attacks in the Strait of Hormuz and decreased prospects of a ceasefire between the U.S. and Iran. Brent crude, the international benchmark, climbed 1.31% and clocked in at $97.82 at 8:17 a.m. ET, while West Texas Intermediate, the U.S. benchmark, gained 1.53% and stood…
Read MoreThe Fed Faces a Crucial Inflation Test Wednesday: What the PCE Report Could Mean for Interest Rates
The Federal Reserve‘s preferred inflation gauge will be released Wednesday morning, and economists expect the report to reinforce an uncomfortable message for policymakers: Price pressures are still stubbornly high even as American consumers continue to spend. The Bureau of Economic Analysis will release the August Personal Consumption Expenditures price index, or PCE, at 8:30 a.m.…
Read MoreIran’s Economy Keeps Deteriorating As Seven Months of Conflict With The U.S. Sends Living Costs Soaring
Seven months of war have placed Iran under mounting economic pressure, further driving up the cost of everyday necessities and forcing households to dramatically reduce spending as restrictions on the country’s oil exports squeeze a critical source of revenue. While Iran’s leadership has projected confidence in its confrontation with the United States, the economic consequences…
Read MoreMistral CEO Takes Aim at OpenAI, Anthropic, Claims AI Safety Warnings Are Covering Up ‘Negligence’
Mistral CEO Arthur Mensch is pushing back against the increasingly dire warnings coming from some of the biggest U.S. artificial intelligence companies, arguing that the debate over AI safety is being used to obscure failures in how powerful systems are being developed and deployed. “The debate that we’ve seen in the U.S. has been a…
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