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TradeBriefs Editorial

From the Editor's Desk

Scientists Are Putting ChatGPT Brains Inside Robot Bodies. What Could Possibly Go Wrong? - Scientific American (No paywall)

In restaurants around the world, from Shanghai to New York, robots are cooking meals. They make burgers and dosas, pizzas and stir-fries, in much the same way robots have made other things for the past 50 years: by following instructions precisely, doing the same steps in the same way, over and over.

But Ishika Singh wants to build a robot that can make dinner—one that can go into a kitchen, riffle through the fridge and cabinets, pull out ingredients that will coalesce into a tasty dish or two, then set the table. It's so easy that a child can do it. Yet no robot can. It takes too much knowledge about that one kitchen—and too much common sense and flexibility and resourcefulness—for robot programming to capture.

Continued here


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What two years of AI development can tell us about Sora  
  

What two years of AI development can tell us about Sora
Remember when AI art generators became widely available in 2022 and suddenly the internet was full of uncanny pictures that were very cool but didn’t look quite right on close inspection? Get ready for that to happen again — but this time for video.


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The Houthi attacks on Red Sea shipping have created an 18-mile oil slick and an 'environmental disaster' that could only get worse, U.S. military says - Fortune (No paywall)  
  

The Houthi attacks on Red Sea shipping have created an 18-mile oil slick and an 'environmental disaster' that could only get worse, U.S. military says
An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the U.S. military said Saturday. It also warned of the danger of a spill from the vessel’s cargo of fertilizer.


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New York medical school eliminates tuition after $1bn gift  
  

New York medical school eliminates tuition after $1bn gift
In a statement, university dean Dr Yaron Yomer said that the "transformational" gift "radically revolutionises our ability to continue attracting students who are committed to our mission, not just those who can afford it".


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SpaceX discloses cause of Starship anomalies as it clears an FAA hurdle  
  

SpaceX discloses cause of Starship anomalies as it clears an FAA hurdle
A little more than three months after the most recent launch of a Starship vehicle, which ended with both the booster and upper stage being lost in flight, the Federal Aviation Administration has closed its investigation of the mishap.


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Canada introduces sweeping new online safety rules  
  

Canada introduces sweeping new online safety rules
It lists seven categories of harmful content that providers would be required to remove from their websites. Banned content includes posts made to bully a child or those encouraging self-harm.


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JPMorgan CEO Jamie Dimon says AI is not just hype — 'This is real'  
  

JPMorgan CEO Jamie Dimon says AI is not just hype — 'This is real'
The Wall Street titan told CNBC's Leslie Picker on Monday that AI is not just a passing fad and is bigger than just the large language models such as Chat GPT. He compared the current moment favorably to the tech bubble around the start of the 21st century, when investor excitement seemingly got ahead of the actual changes.


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Medical students find out school will be tuition free  
  

Medical students find out school will be tuition free
Students at the Albert Einstein College of Medicine broke into cheers and tears Monday as Dr Ruth Gottesman, a former professor, announced the school would be tuition free because of her $1bn donation.


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Thousands stranded on Norwegian Dawn cruise ship hit by possible cholera outbreak  
  

Thousands stranded on Norwegian Dawn cruise ship hit by possible cholera outbreak
At least 15 people on the cruise ship Norwegian Dawn have been isolated and samples were taken for testing on Sunday, according to a statement from the Port of Mauritius. The test results are expected on Tuesday, the Reuters news agency reported.


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Why Law Firms Could Be Private Equity's Next Conquest - Forbes (No paywall)  
  

Why Law Firms Could Be Private Equity's Next Conquest
On the flip side, going solo promises more control over your life and might even lead to actually enjoying your work. But there's an under-discussed challenge with going it alone: figuring out an exit strategy when you're ready to retire.


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'A soul killer': what's behind the US's critical veterinarian shortage?  
  

'A soul killer': what's behind the US's critical veterinarian shortage?
A longstanding shortage of veterinarians in areas across the US has caused crises for some pet owners; contributed to mental health issues among veterinary staff; and could leave the country at risk in terms of food safety and public health, experts have warned.


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The 4 critical nutrients missing in most American diets - Fortune Well (No paywall)  
  

The 4 critical nutrients missing in most American diets
Even though studies show a solid half of all U.S. adults consider healthy eating a top priority, the standard American diet falls short on many important nutrients. In fact, the Dietary Guidelines for Americans, the federal government’s guide to what to eat and drink to meet nutrient needs, promote health, and prevent disease, has identified four nutrients that Americans eat at such low levels that they’re a “public health concern.”


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Biden Says He Expects Gaza Cease-Fire Within a Week  
  

Biden Says He Expects Gaza Cease-Fire Within a Week
A negotiated deal would be a dramatic, and perhaps defining, moment in the nearly five-month-old Middle East conflict and could lead to the release of the six remaining American hostages, who were among more than 200 seized and taken to Gaza when Hamas attacked Israel on Oct. 7. About 1,200 people were killed in Israel.


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A Biden Ally Wades Into the Divide Over Gaza and Emerges With a Warning  
  

A Biden Ally Wades Into the Divide Over Gaza and Emerges With a Warning
Mr. Khanna’s assessment is the latest warning sign for Mr. Biden about a swing state he won narrowly in 2020. The state is home to a large and increasingly discontent Arab American community, whose leaders have been pressing the White House for months to call for a cease-fire in a war that has left some 29,000 people dead in Gaza since Hamas attacked Israel on Oct. 7. In recent weeks, activists have begun urging Democrats to register their anger by marking their primary ballots as “uncommitted” rather than voting for Mr. Biden.


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Where to Learn More About Black History in California  
  

Where to Learn More About Black History in California
Allensworth, in the southern San Joaquin Valley, was founded in 1908 as a town that would be entirely financed and governed by African Americans. The man it’s named after, Allen Allensworth, was born into slavery in Kentucky in 1842 and retired in Los Angeles after fighting in the Civil War, earning a doctorate in theology and becoming the first African American to achieve the rank of lieutenant colonel in the U.S. Army. Colonel Allensworth State Historic Park preserves his dream, and visitors can see restored and reconstructed buildings from the town.


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The War in Gaza Turned This Longtime Michigan Democrat Against Biden  
  

The War in Gaza Turned This Longtime Michigan Democrat Against Biden
There is no shortage of fury and disappointment directed at Mr. Biden in and around Detroit, where Palestinian Americans often display maps of pre-1948 Palestine and keys to family homes seized or abandoned during the Israeli war of independence. Ms. Ahwal regularly wears a pendant in the shape of the contested land, with a line from a Palestinian poet: “This earth is something worth living for.”


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The FTC sued to stop Kroger from buying Albertsons, warning of 'grocery price hikes'  
  

The FTC sued to stop Kroger from buying Albertsons, warning of 'grocery price hikes'
“The FTC’s decision makes it more likely that America’s consumers will see higher food prices and fewer grocery stores at a time when communities across the country are already facing high inflation and food deserts,” Kroger said in a statement. “In fact, this decision only strengthens larger, non-unionized retailers like Walmart, Costco and Amazon by allowing them to further increase their overwhelming and growing dominance of the grocery industry.”


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Manhattan DA seeks gag order on Trump ahead of hush money trial  
  

Manhattan DA seeks gag order on Trump ahead of hush money trial
Trump is accused in the case of 34 counts of falsifying business records to obscure the true nature of a $130,000 payment his then-personal lawyer Michael Cohen made to porn actor Stormy Daniels before the 2016 presidential election to keep her quiet about her claim of a sexual tryst with Trump.


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Personal pilot for billionaire Joe Lewis pleads guilty to insider trading scheme   
  

Personal pilot for billionaire Joe Lewis pleads guilty to insider trading scheme
Lewis was arrested last summer after prosecutors said he loaned two of his private aircraft pilots $500,000 and encouraged them to buy stock shares in the cancer drug company Mirati Therapeutics in advance of the firm issuing favorable results from a clinical trial.


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Altice USA shares spike 36% on report Charter is considering acquisition  
  

Altice USA shares spike 36% on report Charter is considering acquisition
The deal would bring significant consolidation at a time when major communications companies struggle to keep broadband and cable subscribers. Altice USA shares had plunged more than 40% this year before their jump Monday, while Charter\'s stock has fallen about 25%.


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Biden and Trump to hold competing trips to the U.S.-Mexico border Thursday  
  

Biden and Trump to hold competing trips to the U.S.-Mexico border Thursday
Although Trump\'s administration enforced several strict immigration policies, including using Title 42 to expel more migrants, his presidency saw some of the highest border crossings in years.


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Major airlines raised fees for checked bags. Here are 7 ways to cut costs  
  

Major airlines raised fees for checked bags. Here are 7 ways to cut costs
Of course, travelers shouldn\'t necessarily open a credit card account just for this perk, experts said. Some cards might also carry an annual fee, though travelers might come out ahead if their annual benefits (e.g., savings on bag fees) eclipse that expense.


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Russia could attack Nato states if west fails to support Ukraine, Macron says  
  

Russia could attack Nato states if west fails to support Ukraine, Macron says
Some of those advising the Ukrainian government said there remained a fundamental mismatch between the US and Europe over whether Ukraine should eventually be required to negotiate with Russia, with Washington still convinced a deal can be struck.


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Joe Biden says Gaza ceasefire could be reached by next Monday  
  

Joe Biden says Gaza ceasefire could be reached by next Monday
The situation has become politically complicated for Biden, who is vying for votes in the US presidential primary elections. During elections in Michigan on Tuesday, activists have urged Democrats to mark their ballots “uncommitted” rather than support Biden, to push the president to change course and call for a permanent ceasefire.


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Gove urged to protect domestic abuse services funding amid councils crisis  
  

Gove urged to protect domestic abuse services funding amid councils crisis
In the UK, call the national domestic abuse helpline on 0808 2000 247, or visit Women’s Aid. In Australia, the national family violence counselling service is on 1800 737 732. In the US, the domestic violence hotline is 1-800-799-SAFE (7233). Other international helplines may be found via www.befrienders.org.


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Biden and Trump to visit US-Mexico border on same day  
  

Biden and Trump to visit US-Mexico border on same day
“He just admitted it,” Biden said. “He sabotaged our bipartisan deal to secure the border … you know who the opposing side is? In this case, it’s America. Donald Trump roots against America every chance he gets.”


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Exxon Considers Pre-Emption Rights to Hess’ Guyana Oil Stake  
  

Exxon Considers Pre-Emption Rights to Hess’ Guyana Oil Stake
“If these discussions do not result in an acceptable resolution, and arbitration (if pursued) does not result in a confirmation that such right of first refusal provision is inapplicable to the merger, then there would be a failure of a closing condition under the Merger Agreement, in which case the merger would not close,” Chevron said.


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Arrest of Migrant in Georgia Killing Turns City Into Latest Battleground on Immigration  
  

Arrest of Migrant in Georgia Killing Turns City Into Latest Battleground on Immigration
Such statements have struck many liberals as demagogic rhetoric piled atop a horrific crime. In an interview on Sunday, Kelly Girtz, the Democratic mayor of Athens-Clarke County, said that the conversation should be focused on mourning the victim, and blaming an individual rather than a group.


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Co-Chair of Harvard Antisemitism Task Force Resigns  
  

Co-Chair of Harvard Antisemitism Task Force Resigns
Dr. Sadun did not return emails or phone messages asking about her departure. But the upheaval shows how volatile the climate has been at Harvard since the Hamas attack on Israel. The attack, and Harvard’s often fumbling responses to it, have intensified longstanding anxiety among Jewish students and alumni that they can no longer feel entirely at home at the Ivy League school.


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Lack of Snow Prompts Cancellation of Longest Sled Dog Race in Eastern U.S.  
  

Lack of Snow Prompts Cancellation of Longest Sled Dog Race in Eastern U.S.
“It wouldn’t be safe to run the dogs, or the volunteers to be out at the remote checkpoints,” Mr. Cyr said. “We don’t want to expose our mushers to that or ruin our reputation by having a sloppy race this year.”


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Chipmakers Seek More Than $70 Billion in Federal Subsidies  
  

Chipmakers Seek More Than $70 Billion in Federal Subsidies
Federal officials plan to award about $28 billion of the grants to firms that make such leading-edge chips, Ms. Raimondo said. Those semiconductors — which are produced by companies including the Taiwan Semiconductor Manufacturing Company, Intel and Samsung — are used in artificial intelligence, smartphones, supercomputers and the most sensitive military hardware.


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The Democratic Taboo  
  

The Democratic Taboo
What is happening among Democrats should not be a surprise. The political environment has changed starkly. Politics is more of a team sport — you are with me or against me. Olbermann assailed Stewart as a “bothsidesist fraud.” Mary Trump, the former president’s niece and one of his biggest critics, called Stewart “a potential disaster for democracy.” And platforms like X have grown into organizational tools, halls for rallying attacks on anyone who might be viewed as a heretic.


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Explosive Device Detonates Outside Alabama Attorney General’s Office  
  

Explosive Device Detonates Outside Alabama Attorney General’s Office
On Friday, the attorney general’s office moved to ease some of those anxieties. Mr. Marshall “has no intention of using the recent Alabama Supreme Court decision as a basis for prosecuting I.V.F. families or providers,” Katherine Robertson, the office’s chief counsel, said in a statement.


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Prosecutors Reject Claims of Unfairness in Trump Classified Documents Case  
  

Prosecutors Reject Claims of Unfairness in Trump Classified Documents Case
Selective prosecution motions are notoriously difficult to win because they require defendants to prove, in effect, that prosecutors discriminated against them by failing to bring charges against “similarly situated individuals.” Mr. Trump’s lawyers have been arguing for months that Mr. Smith selectively and vindictively brought his case against the former president during his campaign for the White House for partisan political reasons.


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Pentagon Review Faults No One for Failure to Disclose Austin’s Illness  
  

Pentagon Review Faults No One for Failure to Disclose Austin’s Illness
“The secretary’s staff focused on ensuring continuity of the mission following standing processes,” the document said. “Their efforts, while respecting the secretary’s privacy, combined with the uncertainty of a medical situation and its bearing on how best to execute a T.O.A. in the absence of an established methodology for making such an unplanned decision, may have contributed to the lack of comprehensive information sharing about the situation.”


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Days Before Shutdown Deadline, Biden Summons Congressional Leaders for Talks  
  

Days Before Shutdown Deadline, Biden Summons Congressional Leaders for Talks
With another pair of funding deadlines approaching at the end of this week and next week, lawmakers are now laboring to try to reach an agreement to fund the government for the rest of the fiscal year.


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Takeaways From the Supreme Court Arguments on Social Media Laws  
  

Takeaways From the Supreme Court Arguments on Social Media Laws
Solicitors general for Florida and Texas defended their states’ laws and argued that big internet companies operating social media platforms that are essentially public forums should not be allowed to discriminate based on political views. They portrayed content moderation as censorship.


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Ex-F.B.I. Informant to Be Held in Custody Indefinitely, Judge Says  
  

Ex-F.B.I. Informant to Be Held in Custody Indefinitely, Judge Says
Mr. Smirnov’s lawyer, David Chesnoff, explained that Mr. Smirnov was at his office at the time of his rearrest because he was eager to begin preparing his defense. He said he planned to appeal the decision.


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Jeffries Weighs How to Force Ukraine Aid Vote While Keeping Democrats United  
  

Jeffries Weighs How to Force Ukraine Aid Vote While Keeping Democrats United
That has led Democrats and some Republicans to begin discussing the prospect of banding together to go around Mr. Johnson and force the measure to the floor. The options for doing so all require a majority, or 218 lawmakers, to go along. That threshold has become increasingly feasible for Democrats given the shrinking Republican majority; the G.O.P. now controls only 219 votes, while Democrats hold 212.


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An Abrupt Temperature Change Could Bring Hail and Tornadoes to the Midwest  
  

An Abrupt Temperature Change Could Bring Hail and Tornadoes to the Midwest
Chicago’s February record high of 75 degrees may be threatened. Forecasters in the city warned that Wednesday may feel like a “slap in the face” when temperatures are expected to drop to the upper 20s with blustery northwest winds gusting up to 30 to 40 miles an hour, resulting in wind chills in the single digits and teens.Even a light dusting of snow is possible across some of the same areas hit by storms.


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The Back Channel Talks to Secure McConnell’s Endorsement of Trump  
  

The Back Channel Talks to Secure McConnell’s Endorsement of Trump
Both Mr. Trump and Mr. McConnell were made aware of this back channel between the two camps. By late January, Mr. Trump had told people close to him that he expected Mr. McConnell would endorse him.


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Biden Targets a New Economic Villain: Shrinkflation  
  

Biden Targets a New Economic Villain: Shrinkflation
Mr. Biden could also embrace new legislation seeking to empower the Federal Trade Commission to more aggressively investigate and punish corporate price gouging, including in grocery stories.


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Biden Will Make Rare Visit to Southern Border on Same Day as Trump  
  

Biden Will Make Rare Visit to Southern Border on Same Day as Trump
The president is expected to put the blame for the migration crisis on House Republicans, who blocked a bipartisan package that would have enacted severe restrictions at the border, and to call on Congress to come together and address the challenge.


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Supreme Court Seems Wary of State Laws Regulating Social Media Platforms  
  

Supreme Court Seems Wary of State Laws Regulating Social Media Platforms
The justices, over almost four hours of arguments, differed about whether the laws, which have been blocked for now, should go into effect in the meantime. But a majority seemed inclined to keep them on hold while the litigation moves forward. Several justices said that the states violated the First Amendment by telling a handful of major platforms that they could not moderate their users’ posts, drawing distinctions between government censorship prohibited by the First Amendment and actions by private companies to determine what speech to include on their sites.


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What arguments over free speech before the Supreme Court said about social media  
  

What arguments over free speech before the Supreme Court said about social media
So Whitaker said the Florida law would apply to sites like Etsy and Uber, meaning those sites couldn’t ban user-generated content unless they provide “thorough rationale.” Meanwhile, Nielson said the Texas state law, which is narrower than Florida’s in scope, wouldn’t apply to platforms outside of classic social media sites.


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JPMorgan CEO Jamie Dimon isn't afraid of a merged Capital One and Discover  
  

JPMorgan CEO Jamie Dimon isn't afraid of a merged Capital One and Discover
Notably, the Biden administration set a new record for merger enforcement activity in 2022, bringing forward 50 enforcement actions between the U.S. Federal Trade Commission and Department of Justice, according to Bloomberg. On Monday, the FTC sued to block Kroger’s $24.6 billion acquisition of Albertsons.


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Boeing doesn't live up to its own safety promises, the FAA says  
  

Boeing doesn't live up to its own safety promises, the FAA says
“Going forward, we will have more boots on the ground closely scrutinizing and monitoring production and manufacturing activities,” FAA head Mike Whitaker told Congress earlier this month.


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There’s no clearing the air  
  

There’s no clearing the air
Looking at the numbers for the Black investors, the top notes go like this: They’re younger, they have less experience in the market, and arrive at their financial decisions in different ways than their older, whiter peers… and, of course, there are many reasons why this racial wealth gap still exists.


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Google's Gemini AI generator will relaunch in a 'few weeks' after spitting out inaccurate images  
  

Google's Gemini AI generator will relaunch in a 'few weeks' after spitting out inaccurate images
The Gemini fiasco was just one cog in an embarrassing week for the AI industry. OpenAI’s ChatGPT “went berserk” on Tuesday (Feb. 20), generated a wide range of nonsensical answers. Meanwhile, the far-right social media platform Gab launched Holocaust-denying AI chatbots modeled after Adolf Hitler and Osama Bin Laden.


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The Cheesecake Factory is as steady as the restaurant business gets  
  

The Cheesecake Factory is as steady as the restaurant business gets
This isn’t to say Denny’s hasn’t tried to claw its way back. The chain has tried to increase sales through various efforts, including revamping its rewards program, maintaining a 24/7 business model, creating an augmented reality menu, and opening drive-thru locations. None of these efforts appear to have resulted in the boost the brand needs.


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Elon Musk’s Las Vegas tunnel has workers wading through toxic mud  
  

Elon Musk’s Las Vegas tunnel has workers wading through toxic mud
The injuries and near misses described in the OSHA documents call into question the company’s claims about its innovative tunneling processes, which Musk has long said would make large-scale industrial projects cheaper and faster. Several former staffers say this is bunk—that what mainly distinguishes the Boring Company’s efforts is a willingness to put workers in danger. “It was a serious situation,” says one former employee. “I will never, ever drive in one of those tunnels.”


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EU regulators are taking aim at Apple for dropping web apps from the iPhone home screen  
  

EU regulators are taking aim at Apple for dropping web apps from the iPhone home screen
“We expect this change to affect a small number of users. Still, we regret any impact this change — that was made as part of the work to comply with the DMA — may have on developers of Home Screen web apps and our users,” Apple wrote in its statement.


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The AI craze has companies even 'more overvalued' than during the 1990s dot-com bubble, economist says  
  

The AI craze has companies even 'more overvalued' than during the 1990s dot-com bubble, economist says
“The AI bubble is not in trouble, and, if anything, earnings performance suggests that it is less of a bubble to begin with,” a team of quantitative strategists at Citigroup said. The group added that if a stock is boosted over 10% on an earnings day (Nvidia’s was up 16% on its earnings day), then “those large-caps with strong performance into earnings continue to perform very well for the next three months.”


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Intuitive Machines just lost a third of its value after its Moon lander tipped over  
  

Intuitive Machines just lost a third of its value after its Moon lander tipped over
Intuitive Machines CEO Steve Altemus still described Odysseus’ landing as a “safe, soft touchdown” after “quite a spicy seven-day mission.” The company’s stock, while down significantly from last week, is still nearly 200% higher than it was at the beginning of 2024.


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Rental car company Avis wrecked $1 billion of its largest shareholder's stake this year  
  

Rental car company Avis wrecked $1 billion of its largest shareholder's stake this year
Even though Avis shares are rolling down a steep road, and SRS has a lot of its eggs in the Avis basket — the Journal reports that as much as a quarter of SRS’s assets were tied up in the company; Avis is by far the biggest company in SRS’s public ownership filings — there’s still some wiggle room before things get too hairy. Though Avis stock is hovering around $100, SRS has a breakeven price of about $23 because it built its stake so long ago.


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Disney should get in on AI and double its stock price, activist investor says  
  

Disney should get in on AI and double its stock price, activist investor says
For its part, Disney has asked shareholders to vote for its slate of nominees, which include CEO Bob Iger and Morgan Stanley CEO James Gorman, writing that its competitors’ candidates can’t properly support the company’s priorities. Shareholders will vote on the board candidates on April 3.


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Lenovo announced a transparent laptop at MWC  
  

Lenovo announced a transparent laptop at MWC
The Lenovo ThinkBook 14 2-in-1 Gen 4 will be available next month at $1,170. The Lenovo ThinkPad T14 Gen 5, ThinkPad T14s Gen 5, ThinkPad T16 Gen 3, and the Lenovo ThinkPad X12 Detachable Gen 2 will all be available in April 2024 at a starting price of $1,200. The Lenovo ThinkBook Transparent Display Laptop will never be available because it’s still a proof of concept.


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There might be a weight loss drug competitor to Ozempic — and the company's stock is soaring  
  

There might be a weight loss drug competitor to Ozempic — and the company's stock is soaring
Several pharma companies are now racing to introduce new drugs to get in on the gold rush. In addition to Zealand Pharma, Regeneron, Amgen, and Viking Pharmaceuticals are all developing weight loss drugs with hopes to erode the market share dominance held by Novo Nordisk and Eli Lilly.




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