The Scoop OpenAI is expanding its bitter legal dispute with Elon Musk to sweep in Hollywood mogul Ari Emanuel and his talent agency WME. OpenAI’s lawyers have instructed the firm to preserve communications about the ChatGPT-maker and explain the work it has done for Musk and his lawyers, according to ...
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US targets pillars of Iran economyUS targets pillars of Iran economy
Donald Trump’s grave threat against Iran shows how the US and Israeli campaign has expanded to target the cornerstones of Tehran’s economy. Widespread attacks on Tuesday hit Iran’s railroads, bridges, and its energy hub, a sign the US and Israel aim to “impoverish Iran as a country and break the ...
Global hedge funds respond to war shocksGlobal hedge funds respond to war shocks
Global hedge funds, pressured by the conflict in Iran, are shaking up their trading strategies. Investment managers on the whole posted their worst monthly drawdowns in four years last month. They’re now shorting European equities at record levels, betting that the continent will be hit hard by the war’s economic ...
More airlines cut flights, raise costsMore airlines cut flights, raise costs
More airlines are cutting flights and raising costs as jet fuel prices surge because of the Iran war. Air India and Air New Zealand announced reduced schedules, while Delta on Tuesday became the latest US carrier to hike fees for checked bags. Some Asian airlines, which have been worst hit, ...
US AI firms team up in bid to counter Chinese ‘distillation’US AI firms team up in bid to counter Chinese ‘distillation’
AI rivals in the US are teaming up in an effort to stop Chinese competitors from extracting capabilities from their models. OpenAI, Anthropic, and Google are sharing information to detect so-called adversarial distillation attempts, Bloomberg reported. Such techniques involve a “teacher” AI model training a newer “student” model — the ...
Indian business delegation visits China in sign of bilateral thawIndian business delegation visits China in sign of bilateral thaw
An Indian business delegation visited China for the first time in more than five years, the latest sign of the Asian nations’ cautious rapprochement. The trip last week focused on EV charging and battery storage, CNBC reported, as the Iran war accelerates a global pivot in favor of green tech, ...
Paris Agreement target off the table, report saysParis Agreement target off the table, report says
The Paris Agreement’s “stretch goal” of limiting warming to 1.5 C above preindustrial levels is no longer feasible, according to an analysis of 15 market outlooks compiled by think tank Resources for the Future. Energy-related CO₂ surpassed 38,000 million metric tons in 2024, and most forecasts don’t expect a peak ...
Iran war strengthens case for green hydrogenIran war strengthens case for green hydrogen
Fossil fuel shocks have historically strengthened the case for alternative energy sources, and green hydrogen could again benefit from higher fossil fuel prices — at least temporarily. Before traffic was effectively throttled in the Strait of Hormuz, the case for green hydrogen was harder to make. Investors remained wary of ...
Why Oura is running toward Washington oversightWhy Oura is running toward Washington oversight
The News The Oura ring has become a calling card for elite wellness-maxxers. Jack Dorsey wears one. So do Mark Zuckerberg, Jennifer Aniston, and Cristiano Ronaldo. But the company’s CEO sees its future in the less-glamorous world of medical devices. “We’re already in the health care business,” Tom Hale said ...
Gulf conferences at risk from Iran warGulf conferences at risk from Iran war
For nearly a decade, Gulf states have been building tentpole conferences to draw global money. The war in Iran is threatening those gatherings and the global power they project. Bloomberg is likely to delay the Qatar Economic Forum it runs with the country’s commerce ministry, slated for May, people familiar ...