Business

Grok checked Musk’s posts, called itself “MechaHitler” xAI has been checking Elon Musk’s posts before providing answers on some topics, such as the Israeli/Palestinian conflict. xAI acknowledged this in an update today that addressed two problems with Grok. One problem “was that if you ask it ‘What do you think?’ the model reasons that as an AI it doesn’t have …

Alibaba, JD.com, Baidu Stocks Rise. China’s Economy Shows Resilience to Trump Tariffs.  Barron’s China’s Economy Grows Steadily Despite Trump’s Tariffs  The New York Times China posts better-than-expected Q2 growth in face of Trump tariffs  CNN China growth beats expectations as Trump tariffs loom  BBC China’s economy beats expectations in face of Trump’s trade war  The Guardian Source link

WeTransfer has confirmed it does not use files uploaded to their service to train artificial intelligence (AI) models. The file sharing company had received lots of criticism from customers on social media after changing its terms of service, which some interpreted as allowing it the right to use files for AI training. A WeTransfer spokeswoman told BBC News: “We don’t …

Apple inks $500 million rare earth magnet deal to bring supply home  Reuters America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance – WSJ  The Wall Street Journal MP Materials stock rips 24% higher after $500 million Apple deal for rare earth magnets  CNBC US rare earth pricing system is poised to challenge China’s dominance  Reuters MP Materials Stock Jumps 25%. How …

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NEW YORK (AP) — In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties made against companies during the Biden administration. In some cases, companies that were supposed to refund their customers or pay a penalty for …

Trump to Tout Billions in Investments to Create AI Hub in Pennsylvania  The Wall Street Journal Live updates: Energy leaders and tech titans attend CMU summit, where $90B in investments for Pa. will be announced  Pittsburgh Post-Gazette Pittsburgh energy and AI summit draws critiques, hopes for new investment  90.5 WESA Trump and McCormick to announce $70 billion in AI and energy investments for …

Trump administration has begun search for next Fed Chair  Financial Times Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’  Fortune Fed Defends Renovations as White House Widens Attacks on Central Bank  The New York Times Trump economic adviser Kevin Hassett is rising in race for next Fed chief  The Washington Post Bessent Suggests Powell …

JPMorgan profit beats estimates on Wall Street rebound; raises interest income forecast  Reuters JPMorgan Chase tops estimates on stronger-than-expected trading, investment banking  CNBC Bloomberg Intelligence: JPMorgan’s Surprise Dealmaking Gain Shows Tariff Fear Easing  Bloomberg JPMorgan’s Jamie Dimon says Fed independence is ‘absolutely critical’ after $2.5B HQ row  New York Post JPMorgan Chase Profit Falls 17% but EPS Surpasses Wall Street Estimates  Barron’s Source link

Stock Market Today: Dow falls nearly 300 points, S&P 500 flat and Nasdaq climbs after June CPI report; JPMorgan tops estimates  MarketWatchView Full Coverage on Google News Source link