BUSINESS
ConocoPhillips will acquire Marathon Oil in a $22.5 billion all-stock deal
The oil industry in the United States, the world’s largest producer of crude oil, is made up of many small and medium-sized oil companies, ranging from family businesses with a few wells in one state to global giants like Exxon Mobil. Wall Street values ConocoPhillips at about $140 billion, or about 10 times larger than…
How the Humane AI Pin Failed
Ms. Bongiorno and Mr. Chaudhri said Humane was working on problems with the device. The startup has added more voice navigation options to the device, as well as sound effects, to make it easier to use. The updates include the integration of OpenAI’s latest chatbot system, GPT-4o, designed to improve battery life by 25% and…
Modi in India, humiliated by voters, faces serious economic difficulties
The humiliation of Modi’s party resonates in part as an expression of popular frustration that India remains a land of economic peril for hundreds of millions of people, as well as a country characterized by startling contrasts in wealth. In big cities, five-star hotels boasting luxurious spas look down on teeming, unsanitary slums. In rural…
The rise and fall of BNN Breaking, an AI-generated news channel
A closer look, however, would have revealed that individual BNN journalists were publishing long stories as many as multiple times a minute, writing in generic prose familiar to anyone who has tinkered with the AI chatbot ChatGPT. BNN’s “About Us” page featured an image of four children looking at a computer, some bearing the gnarled…
The United States leads the way in antitrust investigations into Nvidia, Microsoft and OpenAI
For months, Nvidia, Microsoft and OpenAI have largely escaped the brunt of the Biden administration’s regulatory scrutiny. But things started to change when generative AI, capable of producing human-like text, photos, video and audio, hit the scene in late 2022 and created a frenzy in the industry. Regulators have recently signaled that they want to…