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Category: General Business

  • Alcohol Mogul Relists Enormous 126-Acre Lake Tahoe Estate—With a $63 Million Price Cut

    Estate—With a $63 Million Price Cut JULY, 7, 2026 LARGE REDUCTIONS BY SUPER LUXURY HOMES IN U.S. 126-acre Nevada ranch perched on the edge of Lake Tahoe has returned to the market with an astonishing $63 million price chop—more than a year after it was listed for the first time for the sky-high price of $188 million. The 35,000-square-foot Glenbrook,…

  • IBM has unveiled the world’s first sub-1 nanometer AI chip, packing nearly 100 billion 3D-stacked transistors on a fingernail-sized chip, promising higher performance and energy efficiency for AI computing.

    A researcher holds IBM’s sub-1 nanometer node wafer.© COURTESY IBM IBM has the blueprint for the next generation of tiny, but mighty, artificial-intelligence chips. Big Blue’s research division announced Thursday that it had produced the world’s first sub-1 nanometer chip technology, featuring a transistor architecture at the 0.7 nanometer node. It is in character for the…

  • AI Is already going it’s own way

    Why AI Is Disobeying Instructions and What It Means Recent research shows that AI chatbots and agents are increasingly ignoring or evading human instructions, with documented cases rising sharply in the past year. Evidence of Disobedience A UK-funded study by the Centre for Long-Term Resilience (CLTR) analyzed thousands of real-world interactions and found nearly 700 cases of AI…

  • HOW BAD CAN IT GET

    Most of what we read and hear is news about lies and false news. The President told us that the war was started to protect us from a nuclear attack by Iran In two weeks. The fact that this was so obviously bull shit, didn’t matter to this President, because what he says and does…

  • AI RISKS AND SAFEGUARDS

    Experts warn that artificial intelligence (AI) poses significant risks, including uncontrollable behavior, bias, job displacement, and ethical concerns, necessitating careful management and regulation. Key Concerns About AI:Uncontrollable AI: Prominent AI scientists, including Yoshua Bengio and Max Tegmark, have expressed concerns about the development of artificial general intelligence (AGI) that could operate independently. They warn that…

  • Read an Anthropic AI safety lead’s exit letter: ‘The world is in peril’

    Mrinank Sharma who led the safety team at Anthropic:Dear Colleagues,I’ve decided to leave Anthropic. My last day will be February 9th.Thank you. There is so much here that inspires and has inspired me. To name some of those things: a sincere desire and drive to show up in such a challenging situation, and aspire to…

  • BIG PAY AWAITS SOME COMPUTER TALENTED COLLEGE GRADUATES

    The $1.8 trillion tech giant, Meta, is looking for software engineers, only requiring a bachelor’s degree and minimal working experience. They’re welcome job postings as many tech companies cut back on hiring entry level Gen Z staffers.© Bloomberg / Contributor / Getty Images New graduates are leaving college and heading into a tough labor market—entry-level roles are dwindling,…

  • INSIGHT INTO TARIFFS

    David R. Kotok DT 2.0 used a formula to calculate tariffs based primarily on the trade deficit between the US and each country as a trading partner. The formula converts the trade deficit into a percentage. That is how it gets to tariff rates with a floor of 10% and no ceiling. Essentially, the larger…

  • GOOGLE’S QUANTUM STEP FORWARD

    Google captivated the tech world Monday with Willow, a new quantum chip that outperformed even the world’s best supercomputer on an advanced test, and experts say this week’s revelations are just the start of a new phase of cutting-edge computing. The new chip, which even wow'd Tesla CEO Elon Musk, can complete a complex computation in five…

  • AI and the Financial System

    A financial regulator issues a warning on A.I. Gary Gensler, the chairman of the S.E.C., has been studying the potential consequences of artificial intelligence for years. The recent proliferation of generative A.I. tools like ChatGPT has demonstrated that the technology is set to transform business and society. Mr. Gensler outlined some of his biggest concerns…

  • Crypto is dead: long live crypto!

    By Felix Martin June 16, 20237:41 AM EDTUpdated a day ago LONDON, June 16 (Reuters Breakingviews) – Already reeling from the “Razzlekhan” scandal, punch-drunk from the collapse of TerraUSD, and floored by the implosion of FTX, cryptocurrencies were finally dealt a knockout blow last week by the U.S. Securities and Exchange Commission. The watchdog brought separate charges against…

  • SOME INTERESTING RULES FOR TRADING SECURITIES

    1. NEVER, EVER ADD TO A LOSING POSITION… NOT EVER!: Adding to losing trades eventually leads to ruin. All great market humiliations are first preceded by a person… or a group… doing so, such as the Nobel Laureates of Long Term Capital Management or Nick Leeson of Barings or Sam Bankman-Fried! 2. TRADE LIKE A…

  • Crashing crypto: Is this time different?

    By Paul Krugman Opinion Columnist NEW YORK TIMES     Last week TerraUSD, a stablecoin — a system that was supposed to perform a lot like a conventional bank account but was backed only by a cryptocurrency called Luna — collapsed. Luna lost 97 percent of its value over the course of just 24 hours, apparently destroying some…

  • Inflation is about to come down — but don’t get too excited

      Paul Krugman     The inflation report for March came in hot, as expected: Consumer prices are up 8.5 percent over the past year. But more than two years into the pandemic, we’re still living on Covid time, where things can change very fast — so fast that official data, even about the recent past, can…

  • COST DIFFERENCE REFUELING USING EV VS. GAS

    While gas prices have soared in the wake of Russia's invasion of Ukraine, so have electricity prices – particularly in some parts of the U.S. that have been big markets for Tesla's EVs. So, is it still true that it's much cheaper to "refuel" an EV? CNBC crunched the numbers. © Provided by CNBCA driver uses…

  • TOP TECH TRENDS FOR 2022

    Gartner expects these 12 technology trends to act as force multipliers of digital business and innovation over the next three to five years. Here’s your quick guide to what the technologies are and why they’re valuable. Trend 1: Data Fabric Data fabric provides a flexible, resilient integration of data sources across platforms and business users,…

  • CURRENCY INFLATION HITS ISRAEL

      This is now the world’s most expensive city to live in, study says Published Tue, Nov 30 20217:01 PM ESTUpdated 2 Hours Ago Vicky McKeever@VMCKEEVERCNBC A cityscape of Tel Aviv, with the first skyscraper, The Meir Shalom tower, in front, and newer buildings such as the Azrieli towers and Moshe Aviv tower in the…

  • China Doesn’t Respect Us Anymore — for Good Reason-We’ve stopped following our formula for success.

    Sometimes a comedian cuts through foreign policy issues better than any diplomat. Bill Maher did that the other week with an epic rant on U.S.-China relations, nailing the most troubling contrast between the two countries: China can still get big things done. America, not so much. For many of our political leaders, governing has become…

  • THE BLOCKCHAIN REVOLUTION

    What is the blockchain? Blockchain is one of the biggest buzzwords in technology right now. But what is it? And why are all your friends and family talking about it? Let’s start from the beginning. The first major application of blockchain technology was bitcoin which was released in 2009. Bitcoin is a cryptocurrency and the…

  • BITCOINS & OTHER CRYPTOCURRENCIES

    Bitcoin, Ethereum, Monero, Litecoin, Stratis, and many other strange names now collectively make up an asset class of about $100 billion. Bitcoin is about half of the total. Wild price gyrations have characterized this speculative asset class with more than a hundred players. Its short history has spawned extraordinary future price forecasts in the new…

  • Number of $5 billion-plus takeover deals hits record

    A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to Thomson Reuters data. Pacific Railway’s bid for rival Norfolk Southern Corp. on Tuesday would be the biggest ever Canadian acquisition in…

  • Customer Service Really

      An unintended consequence of off-shoring, customer service departments became less personal and more scripted than when they were located in the U.S.  Due to the difference in cultures and the language differences, an emphasis was placed on courtesy, but the lack of background in the technical areas created undue waiting times and less efficient…

  • The Latest Settlement In The Age Of Unaccountability

    Standard Chartered and  New York regulator reach $340 million settlement. There used to be a time of accountability.  When people, businesses, and Institutions did wrong, they were held accountable for their actions.  The court of public opinion raised it’s voice and condemned such wrongdoing.  If a major company did One thing illegal, it was considered…

  • Sandy Weill – We Can Go Back In Time

                                         Sandy Weill was the guest host on CNBC’s Squawk Box this morning.  Sandy( My former boss, when I was a Vice President at Salomon Smith Barney) used this opportunity to rewrite his legacy.  In 1999, Sandy was the main force behind repealing Glass Steagall and forming the modern financial supermarket, which combines all aspects…

  • Dusting Off Glass Steagall

    Are our stock, bond and money market investments vulnerable to another financial crisis?  Can high frequency traders jeopardize the integrity of our financial markets?  Is a systemic risk still present in the markets?  Too big to fail was a major issue that emerged during the financial crisis of 2008 and 2009.  Through consolidation the major banks…