From TradeBriefs <[email protected]>
Subject Jun 18, 2024 - All the chip companies getting billions in U.S. subsidies (so far)
Date June 18, 2024 4:07 AM
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-------------------------

From the Editor's Desk

Auditing Algorithmic Risk

Artificial intelligence, large language models (LLMs), and other
algorithms are increasingly taking over bureaucratic processes
traditionally performed by humans, whether it’s deciding who is
worthy of credit, a job, or admission to college, or compiling a
year-end review or hospital admission notes.

Given the highly sophisticated and stochastic nature of these new
technologies, we might throw up our hands at such questions. After
all, not even the engineers who build these systems claim to
understand them entirely or to know how to predict or control them.
But given their ubiquity and the high stakes in many use cases, it is
important that we find ways to answer questions about the unintended
harms they may cause. In this article, we offer a set of tools for
auditing and improving the safety of any algorithm or AI tool,
regardless of whether those deploying it understand its inner
workings.

Algorithmic auditing is based on a simple idea: Identify failure
scenarios for people who might get hurt by an algorithmic system, and
figure out how to monitor for them. This approach relies on knowing
the complete use case: how the technology is being used, by and for
whom, and for what purpose. In other words, each algorithm in each use
case requires separate consideration of the ways it can be used for
— or against — someone in that scenario.

Continued here
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Work

All the chip companies getting billions in U.S. subsidies (so far)
[[link removed]}&lead=419599&emailid=19735&nl=daily]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]
The CHIPS and Science is meant to bring semiconductor manufacturing
stateside. More than half of an eventual $52 billion has been
allocated

Work

A Neuralink employee says she was scratched by a herpes-infected
monkey
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[[link removed]}&lead=419599&emailid=19735&nl=daily]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]
A former employee suing Elon Musk's brain chip startup also says she
was fired for getting pregnant






















 










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Maryland Governor Pardons 175,000 Marijuana Convictions
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[[link removed]}&lead=419599&emailid=19735&nl=daily]
The state legalized the use of recreational marijuana in 2022. Several
other states and the federal government have also wiped out low-level
convictions for marijuana possession.

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Farage unveils Reform UK's 140bn pledges that economists say 'do not
add up'
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Loop, the car insurance company co-founded by Harlem Capital
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The Justice Department sued the state over the Republican-backed law,
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But It's Only June: An Early Blast of Heat Grips Much of the U.S.
[[link removed]}&lead=419599&emailid=19735&nl=daily]  
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Heat overwhelmed cities across the Midwest and was headed to the
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Man Charged as Lookout in Whitey Bulger Killing Admits to Lying to
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BNSF Railway broke its agreement with the Swinomish Indian Tribal
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[[link removed]}&lead=419599&emailid=19735&nl=daily]
After aid runs out elsewhere, some migrants relocate to places like
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Record Number of NATO Allies Hit Military Spending Targets
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President Biden and the NATO secretary general sought to present a
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Once the panel is established, it will have about a year to determine
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Creditors, the judge and a Justice Department official signaled that
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Conservative groups and Republican attorneys general have argued that
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Democrats in the state are veering from cautious optimism to complete
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[[link removed]}&lead=419599&emailid=19735&nl=daily&hashtags=tradebriefs&via=TradeBriefs]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]
Multiple attendees were treated for injuries after a confrontation
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What Weapons Is North Korea Accused of Supplying to Russia?
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Moscow needs conventional arms like artillery shells and missiles that
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ActivistStarboardsues Autodesk in bid to mount proxy fight
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After disclosing a $500 million stake in Autodesk, Starboard is suing
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Boeing's CEO search is not going well
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Curren chief executive Dave Calhoun plans to resign by the end of the
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The FAA is cracking down on safety for public charter flights
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The agency also aims to support the needs of rural air service

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The Memo: Concocting Cool Ranch
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Sometimes lightning strikes in the salad dressing aisle.

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The 5 most expensive cities in the world for expats
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Many of the world's most international cities are increasingly
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Cava's post-IPO rise values it at a whopping $33 million per location
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Cava's shares have risen 300% since its public debut last June

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GameStop stock falls 12% as the CEO says he's not here to 'hype things
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"We're here to work," CEO Ryan Cohen told investors amid the latest
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A Tesla in Full Self-Driving mode crashed into a cop car that was
already responding to a deadly car crash
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[[link removed]}&lead=419599&emailid=19735&nl=daily]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]
The Tesla hit a police car despite warning lights flashing, echoing
similar crashes between self-drive-enabled Teslas and cop cars
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Say goodbye to chrome on cars because it's dying
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   [[link removed]}&lead=419599&emailid=19735&nl=daily]
Cars will no longer ride eternal, shiny and chrome

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Ford is making it easier for dealers to sell EVs
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[[link removed]}&lead=419599&emailid=19735&nl=daily]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]
Ford is walking back some of its EV sales requirements for dealers as
sales growth slows

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The problem with the Tesla Cybertruck's bed
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   [[link removed]}&lead=419599&emailid=19735&nl=daily]
The Cybertruck's bed is technically 6'1" but that doesn't tell the
whole story

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U.S. airlines just keep losing money
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More passengers are getting on planes, but costs are also increasing

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Adobe faces a federal lawsuit over 'deceiving' subscriptions
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The Photoshop maker's revenue doubled following its shift to a
subscription model

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SpaceX's dying Starlink satellites could be hurting the Earth's ozone
layer
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   [[link removed]}&lead=419599&emailid=19735&nl=daily]
If the service scales up as hoped, more than 8,000 satellites could
disintegrate above us every year

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A Southwest Airlines Boeing plane almost crashed into the Pacific
Ocean
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[[link removed]}&lead=419599&emailid=19735&nl=daily]
The FAA says it's investigating the April incident

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Customer service is worse than ever
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[[link removed]}&lead=419599&emailid=19735&nl=daily]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]
A new report from Forrester says customer experience quality is at an
"all-time low"

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Nvidia's bid to stop a shareholder crypto lawsuit will go to the
Supreme Court
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The lawsuit accuses Nvidia of misleading investors about how much of
its sales were driven by cryptocurrency mining

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Tesla sued its former supplier for stealing EV battery trade secrets
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Matthews International allegedly tried to patent Tesla's information
as its own invention

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More fish were farmed than caught for the first time ever
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Both aquaculture and fisheries have environmental and climate impacts
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Lafayette 148 CEO Deirdre Quinn says 5% of its customers are buying
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Laurene Powell Jobs just bought a $94 million Malibu estate
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Jobs has steadily bought up land in the posh California city over the
last nine years

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Now Tesla's legal fight over Elon Musk's pay package starts all over
again
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The EV company is going back to court after a majority of investors
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Apple AirPods and Watches could soon see much longer battery life
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TDK, the largest maker of smartphone batteries, said its CeraCharge
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YouTube will test letting users add notes to videos for context
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The new pilot program echoes the "community notes" feature on X

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Solar power is now bigger than oil -- for the first time ever
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The cost of solar energy has dropped dramatically over the last two
decades

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Women are better than men at recovering from space travel, study says
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[[link removed]}&lead=419599&emailid=19735&nl=daily]  
[[link removed]}&lead=419599&emailid=19735&nl=daily]
The multitude of stresses posed by long-term space exploration are
weathered much more readily by women

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Bitcoin has dropped below $66,000, extending the cryptocurrency's
decline
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A swath of macroeconomic data dashed the hopes of an all-time high for
Bitcoin at least for now

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AI is Microsoft's 'iPhone Moment,' analysts say
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Microsoft has a "transformational opportunity" in bringing AI and
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The surgeon general wants social media to come with warning labels
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Vivek Murthy cited previous government warnings about cars, airlines,
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The next pandemic could come from bird flu, former CDC chief says
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Three dairy workers have been infected with the H5N1 virus in the U.S.
this year

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CEO pay is rising faster than it has in a decade -- and 3 times as
fast as worker wages
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[[link removed]}&lead=419599&emailid=19735&nl=daily]
"Out of control" executive pay is ballooning as most workers saw a 4%
pay increase

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McDonald's is scrapping its AI drive-thru experiment
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   [[link removed]}&lead=419599&emailid=19735&nl=daily]
The fast food giant had been testing an automated ordering system at
more than 100 locations

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The IRS wants to close an 'abusive' tax loophole used by the
ultra-rich and says it can raise $50 billion
[[link removed]}&lead=419599&emailid=19735&nl=daily]  
   [[link removed]}&lead=419599&emailid=19735&nl=daily]
Ending what's known as "basis shifting" could generate tens of
billions of dollars in tax revenue over a decade

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Nationwide is dropping 100,000 pet insurance policies -- and blaming
inflation
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The decision has left some pet owners concerned about the future of
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Bill Gates is ready to spend 'billions more' on nuclear power
[[link removed]}&lead=419599&emailid=19735&nl=daily]  
   [[link removed]}&lead=419599&emailid=19735&nl=daily]
New approach can help nuclear power compete with natural gas, Gates
says

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Nvidia CEO Jensen Huang says he's a 'very nice boss' who is
'universally loved'
[[link removed]}&lead=419599&emailid=19735&nl=daily]  
   [[link removed]}&lead=419599&emailid=19735&nl=daily]
"Come work at Nvidia," the AI chipmaker's chief executive told Caltech
graduates

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Toyota's chairman faces a reckoning over a massive safety scandal
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   [[link removed]}&lead=419599&emailid=19735&nl=daily]
The Japanese automaker has admitted to cheating on safety tests going
back decades

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Bernie Sanders will grill Novo Nordisk's CEO over Ozempic and Wegovy
prices
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   [[link removed]}&lead=419599&emailid=19735&nl=daily]
CEO Lars Fruergaard Jrgensen will testify before the Senate's health
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Adobe accused by US government of 'trapping subscribers'
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   [[link removed]}&lead=419599&emailid=19735&nl=daily]
Regulators allege Adobe failed to properly disclose subscription terms
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Work

US surgeon general wants social media warning labels
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Vivek Murthy says social media increases the risk that children will
experience anxiety and depression.

Work

Computers built like brains could be a 'competition killer'?
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Computers built like brains could be much more energy efficient than
current designs.

Work

Low investment blocking UK growth, says think tank
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Both Conservative and Labour plan to reduce government investment over
the next parliamentary term

Work

Boeing boss Dave Calhoun admits culture 'far from perfect'
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Dave Calhoun will face questions on the firm's safety record from US
law-makers on Tuesday.

Work

London Stock Exchange becomes Europe's largest stock market again
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A French election is driving down the value of French listed
companies, analysts say

Work

Aer Lingus pilots move closer to strike action
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Irish Airline Pilots' Association (IALPA) members voted 99% in support
of action.

Work

Green energy plan 'won't benefit' Welsh valley residents
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The BBC has spoken to residents in the Towy Valley about their views
on a huge wind turbine project.

Work

Labour rules out changes to council tax bands
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Tories have claimed Labour are planning tax rises on homes to fund
spending pledges

Work

How Crypto Money Is Poised to Influence the Election
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The industrys political awakening and enormous pool of cash is already
affecting high-profile races across the country.

Work

Exxon Suit Over Activist Investor's Climate Proposal Is Dismissed
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A federal judge ruled that the case was moot after the investor,
Arjuna Capital, withdrew the proposal with a promise not to try again.

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