RAG models - CybAI news

08 Aug

Warner Bros. Discovery says it overpaid for its TV networks by $9 billion

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Here's a more concrete way of acknowledging that: WBD just took a $9 billion accounting hit because it has concluded that its aging TV assets aren't worth nearly as much as it thought — perhaps because they won't have NBA games to show after the next season. For context, WBD's entire market cap is around $18 billion.Investors reacted to the news by pushing the company's stock down by more than 8%.OK. So what's next?If you or I buy something and it turns out we overestimated its value by a lot, bad things can happen.But the thing about giant writedowns in…

08 Aug

Funding U Student Loan Review: Comprehensive Analysis

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Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate student loans to write unbiased product reviews. Business Insider's personal finance team compared Funding U student loans to the best private student loans and found it to have some significant drawbacks when it comes to loan types, repayment terms, and availability throughout the U.S. However, it could be a good option if your credit score is too lower to qualify with other lenders.Funding U…

08 Aug

JPMorgan’s Jamie Dimon thinks people overreact too much about market fluctuations

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In a recent interview with CNBC's "The Exchange," the JPMorgan CEO said the recent stock market meltdown and a potential interest rate cut from the Federal Reserve are not as significant as people think.The US stock market experienced its sharpest drop in two years on Monday following a lackluster jobs report and the Bank of Japan's interest-rate hike that set off what's known as a "carry trade" unwind.When asked about this week's volatility, the CEO said "markets fluctuate.""I think people overreact a little bit to the daily fluctuation of markets. And sometimes it's for good reason, sometimes it's virtually no…

08 Aug

Jamie Dimon says he’s skeptical inflation will hit the Fed’s 2% goal

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Dimon, who is one of the most respected names on Wall Street, shared his outlook on the US economy in an interview with CNBC this week, saying he thinks the odds of a "soft landing" — an economic slowdown engineered by central banks to avoid a recession — are only around 35% to 40%."I'm fairly optimistic that if we have a mild recession, even a harder one, we will be OK," Dimon told the outlet. "Of course, I'm very sympathetic to people who lose their jobs. You don't want a hard landing."Dimon cited ongoing uncertainty in several sectors that could…

07 Aug

Are Ollie and Demi still together? The ‘Love Is Blind: UK’ couple has a bumpy road ahead

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One of the many love triangles on "Love Is Blind: UK" seemingly gets resolved neatly by the time the couples make it out of the pods. But things aren't always as happy as they appear — at least based on the teaser for the rest of the season.Demi and Ollie are the last couple we see get engaged this season. Prior to Ollie's proposal, he'd been torn between Demi and another contestant, Catherine. But Catherine made it easy for him to pursue things with Demi instead when she broke up with Ollie to get engaged to funeral director Freddie.During their…

07 Aug

See the hundreds of sea drones the US Navy is experimenting with overseas

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Sea drones are reshaping naval warfare.Ukraine, Houthi rebels, and Israeli forces are using sea drones for military operations.The US Navy is looking to deploy sea drones to expand its hybrid fleet at a fast pace and low cost. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Cheaply made but relatively effective, sea drones are…

07 Aug

Adanis Rejig Digital Strategy as SuperApp Struggles for Traction

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Adani Group is reworking its digital strategy that includes bolstering online payment through partnerships as Gautam Adani’s conglomerate looks to make its superapp an essential part of Indians’ lives.Adani One, with a user base of 30 million as of March 31, will widen its offerings to be more than just a travel app, Jeet Adani, the younger son of the billionaire-patriarch who is overseeing the group’s digital plans, told Bloomberg Television as part of a special package, Inside Adani. The platform was rolled out in December 2022, mostly for booking flights, hotels and services at the 7 airports operated by…

07 Aug

Sequoia invests in Reflection AI, a startup founded by Google DeepMind alum, at $100 million valuation, sources say

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Reflection AI, a startup building AI agents, has raised new funding at a $100 million valuation, Business Insider has learned.Sequoia Capital invested in the funding round, according to three sources familiar, valuing it at $100 million, two sources familiar said.AI agents promise to execute difficult tasks, like booking an appointment or updating Salesforce. Reflection aims to take this promise even further by building "superhuman general agents that automate knowledge work done on a computer," according to the company's website.Reflection AI and Sequoia declined to comment. The company's cofounders, Misha Laskin and Ioannis Antonoglou, left Google's DeepMind to launch their new…

07 Aug

Gig Economy Emerges as a Bright Spot Amid Gloomy Tech Earnings

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It has been a tough earnings seasonBloomberg Terminal for the technology industry, and markets more broadly.Big Tech companies failed to convince Wall Street that their massive investments in artificial intelligence are paying off. Growth in their core businesses underwhelmed. Their results, combined with broader concerns about the health of the US economy, triggered a meltdown that, at one point, had erased some $6.4 trillion from global stock markets. Source link lol

07 Aug

Secret Service busted into a salon to let people use the bathroom during a Kamala Harris fundraiser, business owner says

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It was worse than a bad hair day.Secret Service agents taped over a security camera and broke into a Massachusetts hair salon while securing the area for a Kamala Harris campaign event, according to the salon's owner.The intrusion happened on July 27, ahead of Vice President Harris's first in-person fundraiser since becoming the presumptive Democratic nominee.The owner of the Four One Three Salon, Alicia Powers, told Business Insider that she closed her Pittsfield, Massachusetts, business that day at the request of the Secret Service, which examined the area earlier in the week. The salon is located behind the Colonial Theatre,…