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The top stories being read around the world right now!


From the Editor's Desk

Generative AI Wont Revolutionize Search Yet

Generative AI has the potential to drastically change what users expect from search, and companies such as Microsoft and Google are placing big bets on what it might yield. But despite the hype around ChatGPT — and generative AI overall — there are major practical, technical, and legal challenges to overcome before these tools can reach the scale, robustness, and reliability of an established search engine such as Google. These include problems of keeping large language models up to date, issues around sourcing, and convincing fabrications by the AIs. That said, these tools might be strong fits for narrower, more specialized forms of search.

Continued here


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US man who planned 2020 Venezuela coup attempt arrested for arms smuggling  
  

The US justice department declined to comment. An attorney for Álvarez, Christopher A Kerr, told AP that Álvarez is “seeking asylum in the United States and has been living here peacefully with other family members, several of whom are US citizens.


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TikTok is throwing $20 million a month at OpenAI via Microsoft  
  

Other big-name customers that reportedly purchase OpenAI models through Microsoft include AT&T, Coca-Cola, Fidelity, Volvo, and Walmart. Other OpenAI corporate customers — such as Zoom, Klarna, and Salesforce — buy its software directly from the AI startup.






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Washington Prepares for the 'Super Bowl of Tax'  
  

Many of the expiring tax measures are ones that benefit middle-class Americans, including a larger standard deduction, lower marginal income tax rates and a more generous child tax credit. Republicans chose to let those tax cuts expire — while making other measures like a lower 21 percent corporate rate permanent — in a bet that Democrats would eventually vote to protect them.


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Trump Questions Harris's Racial Identity, Saying She Only 'Became a Black Person' Recently  
  

He began the interview by denouncing one of the reporters on the panel, Rachel Scott of ABC News, as “nasty” and “rude” after she questioned him about racist statements he had made in the past, including accusing former President Barack Obama of not being born in the United States and describing a Black prosecutor as an “animal.”




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As Republicans Attack Harris on Immigration, Here's What Her Record Shows  
  

But those successes only underlined the scale of the gulf in economic opportunity between the United States and Central America, and how policies to narrow that gulf could take years or even generations to show results.


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Mastercard doesn't expect consumers to stop spending anytime soon  
  

Despite signs of healthy spending, Americans still aren’t feeling entirely optimistic about the U.S. economy. The University of Michigan survey of consumer sentiment found that U.S. sentiment “remains guarded,” due to persistent inflation and looming uncertainty about this year’s presidential election.




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Oreos and Chips Ahoy are getting too expensive for shoppers  
  

Even with quirky promotions, sales in North America slipped 3.4%, while European sales fell 1.8%. Sales in Asia declined by 1.4%. In a bright spot, sales in Latin America nudged up just 0.3%.


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Tezi is building an AI agent for hiring managers | TechCrunch  
  

OpenAI began rolling out ChatGPT’s Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o’s hyperrealistic audio responses. The alpha version will be available to a small group…




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Meta: Instagram and Facebook ads help drive profit surge  
  

In a call following the earnings update on Wednesday though, its chief financial officer Susan Li said at the end of 2024 its headcount would be \"meaningfully higher\" when compared with the year before.


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Can technology fix the 'broken' concert ticketing system?  
  

But whether AI will be the answer for fans like Jacki Thrapp remains to be seen. \"This was the first time I\'ve ever left America to see one of my favourite artists, but there has to be a better way to do this,” she says.




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Why Are So Many Americans Choosing to Not Have Children?  
  

“I don’t see it as a lack of a commitment to family,” said Mary Brinton, a sociologist who studies low fertility rates at Harvard. “I think the issues are very much on the societal level and the policy level.”


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9/11 mastermind Khalid Sheikh Mohammad, 2 others charged in terror plot reach plea deals  
  

Almost 3,000 people were killed in the Sept. 11 attacks, when four teams of terrorists hijacked four airliners in the United States, flying two of them into the Twin Towers at the World Trade Center in New York City, and the third plane into the Pentagon building.




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Election Results Presented by Venezuela's Opposition Suggest Maduro Lost Decisively  
  

Note: National result refers to the share of votes Maduro’s party obtained in the 2015 legislative election; 2018 presidential election; 2021 governors and state lawmakers election; and the stated share of votes he received in the 2024 presidential election.


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Watch: Investors pour money into non-alcoholic beverages  
  

There’s also a newer startup called Not Beer, which offers sparkling water. And beyond the companies that are branding themselves as alternatives to alcohol, there’s also mushroom drinks from Odyssey, healthier sodas from Olipop, and lemonade alternatives from Lemon Perfect, just to name a few.




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Kamala Harris says 'the American people deserve better' ?as it happened  
  

"Greek letter organizations who have worked in the trenches, some for over 100 years, never received any kind of publicity, any kind of notoriety," Representative Frederica S. Wilson of Florida, who is also a member of Alpha Kappa Alpha, told the New York Times earlier this week. Once Ms. Harris ran for president, in 2020, she said, that changed. "The A.K.A.s shouted to the highest hills, 'That's our soror! That's our sister!'"


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Fintech Execs join the Fintech Stage at Disrupt 2024 | TechCrunch  
  

OpenAI began rolling out ChatGPT’s Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o’s hyperrealistic audio responses. The alpha version will be available to a small group…




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AI startups ramp up federal lobbying efforts | TechCrunch  
  

OpenAI began rolling out ChatGPT’s Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o’s hyperrealistic audio responses. The alpha version will be available to a small group…


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A comprehensive list of 2024 tech layoffs | TechCrunch  
  

OpenAI began rolling out ChatGPT’s Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o’s hyperrealistic audio responses. The alpha version will be available to a small group…


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Global startup funding is picking up with AI still in the spotlight  
  

You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast.


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Sybill raises $11M for its AI assistant that helps salespeople reduce administrative burden | TechCrunch  
  

OpenAI began rolling out ChatGPT’s Advanced Voice Mode on Tuesday, giving users their first access to GPT-4o’s hyperrealistic audio responses. The alpha version will be available to a small group…


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Pentagon Data Shows High Suicide Rates Among Troops Exposed to Blasts  
  

The report released on Wednesday does not mention blast exposure as a factor, and offers no insights into what may be contributing to the different suicide rates. Still, the correlation between deaths by suicide and levels of blast exposure is a common theme in the figures.


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'We Just Need a Break': Another Flood in Vermont Wears Out Residents  
  

The highest amount of rain recorded was 8.4 inches in St. Johnsbury, a town of about 7,000 people located an hour northeast of Montpelier, according to the National Weather Service office in Burlington. Other parts of the region drew six to eight inches of rain.


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Fires Burning at 'Full Tilt' Across the Western U.S. Stretch Resources  
  

Mr. Robertson said the Forest Service had already had to request about 80 aviation and fire operations experts from Australia and New Zealand to help manage the fires spreading in California and other states, including Washington, Oregon and Colorado.


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How the Shock of Catastrophic Floods Is Changing Farming in Vermont  
  

Vermont farmers have long adapted to the twists and turns of climate: tapping maple trees earlier as winters have warmed, for example, and investing less in berry crops as hotter, wetter weather makes them more vulnerable to pests and fungus. But the shock of last summer’s catastrophic flooding — followed by another damaging deluge on July 11, and a third on Tuesday — underscored a level of risk that is hard to mitigate, given the state’s mountainous terrain and its proximity to the Atlantic.


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Vance's Links to the Project 2025 Leader Complicate Trump's Attempts at Distance  
  

Will Martin, a spokesman for Mr. Vance, wrote in an email Wednesday that “the foreword has nothing to do with Project 2025.” Mr. Vance “has plenty of disagreements with what they’re calling for,” Mr. Martin wrote, adding: “Only President Trump will set the policy agenda for the next administration.”


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Abraham Hamadeh Wins G.O.P. House Primary in Arizona  
  

But both lost to their Democratic rivals in November. Mr. Masters was defeated by Senator Mark Kelly, who is under consideration to be Vice President Kamala Harris’s running mate this year, by nearly 5 percentage points. Mr. Hamadeh narrowly lost the attorney general’s race to Kris Mayes, falling short by 280 votes out of about 2.5 million votes cast.


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Border Arrests in July Drop to Low Under Biden  
  

Republicans and immigration opponents argue that the numbers are not comparable. They say the Biden administration is simply letting migrants enter the country through other means, like a U.S. Customs and Border Protection app that allows a certain number of migrants a day to schedule entering the country at a port of entry. Altogether, they say, entries still exceed the totals at almost any point in the Trump administration.


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When It Comes to Trump, Harris Tries Lightening Up  
  

Her ebullient tone made for a sharp contrast from Trump’s contentious and combative appearance at the National Association of Black Journalists this afternoon, where he lashed out at reporters and suggested that Harris was not really Black.


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Fact-Checking Trump's Remarks on Race  
  

But Ms. Harris never hid her biracial background during various campaigns. In her 2019 autobiography, “The Truths We Hold,” Ms. Harris wrote that her family instilled “pride in our South Asian roots” in her and her sister, Maya, but that “my mother understood very well that she was raising two Black daughters.”


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Trump Says He Would Pardon Jan. 6 Rioters Who Attacked Police  
  

Simon J. Levien is a Times political reporter covering the 2024 elections and a member of the 2024-25 Times Fellowship class, a program for journalists early in their careers. More about Simon J. Levien


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Trump Clashed With Black Journalists. Then He Bragged About It to His Supporters.  
  

As he set off for a campaign rally in Harrisburg, Pa., scheduled for later in the day, he continued to post plaudits he had received from other supporters for his performance on Wednesday afternoon. It all made for tremendous content.


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Accused Sept. 11 Plotters Agree to Plead Guilty at Guant
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Musk-Backed Super PAC Shakes Up Pro-Trump Field Program  
  

The super PAC, which as of recently is being run by the firm of Phil Cox, a prominent Republican operative, had over the last two months spent more than $15 million with In Field, according to federal filings. It is unclear what will happen to that money.


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Man Gets 20 Years for Fatally Stabbing Teenager on River Tubing Trip  
  

Mr. Miu was “bothering a group of juveniles on their tubes,” according to interviews with witnesses and victims. Members of the group were calling for help “from other individuals floating down the river nearby,” according to the documents.


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Autoworkers Union Endorses Kamala Harris for President  
  

The group is one of Mr. Biden’s closest allies — having endorsed him in January — but it had questioned his policies toward Israel during the war in Gaza. In July, it joined a coalition of several unions that sent a letter to Mr. Biden urging him to “immediately halt all military aid to Israel as part of the work to secure an immediate and permanent cease-fire in the war in Gaza.”


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Death by Firing Squad Is a Legal Punishment, South Carolina's Top Court Rules  
  

The law passed by the Republican-controlled state legislature, Mr. Few wrote, was not “an effort to inflict pain,” but rather a “sincere effort to make the death penalty less inhumane while enabling the state to carry out its laws.”


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Missouri Man Is Freed After 1991 Murder Conviction Is Overturned  
  

Mr. Dunn was convicted in 1991 in the murder of Ricco Rogers, 15, who was fatally shot in May 1990 while running away from a shooter who had fired at a group he was in as they sat on the porch of a St. Louis home around midnight. Mr. Dunn, who was 19 when he was convicted, was found guilty of first-degree murder, first-degree assault and armed criminal action.


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'20th Hijacker' Is Denied Transfer From Federal Supermax to French Prison  
  

Mr. Moussaoui, 56, was arrested in Minnesota a month before the hijackings, which killed nearly 3,000 people in New York, at the Pentagon and in Pennsylvania. For a time after Sept. 11, U.S. officials theorized he was the would-be 20th hijacker in the attacks carried out by 19 men, but later dropped that assertion.


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Some Republicans Embrace Conspiracy Theories on Trump Assassination Attempt  
  

But in the telling of Mr. Crane and several of his right-wing Republican colleagues in Congress, as well as G.O.P. candidates seeking election this fall, there is far more to the story. They are trafficking in dangerous conspiracy theories that insinuate that Democrats and government forces played a role in trying to take out Mr. Trump.


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Justice Dept. Watchdog Criticizes Barr for 'Chaotic' Response to Protesters in 2020  
  

“We found that the decision to clear the area of protesters on the evening of June 1 was made by the U.S.P.P. and U.S.S.S. unified command at Lafayette Park and not by Barr, and that Barr did not impact the timing of the clearing operation,” Mr. Horowitz wrote in an exhaustive 168-page report that included more than 100 interviews.


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Apex Capital Trust's $43 million bid to buy Paramount might be a hoax  
  

“Paramount’s global future is bright, but it requires resources, which we have and are enthusiastic to deploy, making it a win-win situation for all of Paramount’s stakeholders,” wrote Tatiana Logan, General Counsel for Apex Trust, in the since-redacted release.


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Disney laid off employees from its struggling TV division  
  

Last week, Disney and Warner Bros. Discovery launched a new bundle that combines all of their streaming platforms — Disney+, Hulu, and Max — under one monthly subscription plan starting at $16.99 a month. Disney is also reportedly working on giving its streaming platform a facelift that’ll make it look like a mashup of regular TV and Netflix to boost viewership.


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The Alaska Airlines-Hawaiian Airlines merger is on shaky ground  
  

“There are some limitations on what we can do during the period up to [the deal closes], but we are also very mindful of the fact that we are two independent airlines today and we need to compete independently,” he said. “And so when we talk about decisions from a network or pricing standpoint, those are entirely within the control of Hawaiian Airlines to do up to and until the deal is closed.”


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Google's Olympics-themed AI ad gives some viewers the ick  
  

Although a different use-case, Gemini is one of the most-used AI tools at work, according to FlexOS. In May, a survey by Microsoft and LinkedIn found that three in four workers are using generative AI in the workplace.


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Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped  
  

The company is now investing in Arm Compute Subsystems that will lower development costs and accelerate time to market, Haas and Child wrote. They said the technology also can boost royalty revenue fees per chip.


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The "shadow work" fad, explained  
  

Today’s email was written by Catherine Baab-Muguira (invented gothic self-help) and edited and produced by Morgan Haefner (invented no kind of self-help but does indulge in the work of others).


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Marc Cuban, Reid Hoffman lead venture capital push for Harris: 'Not all VCs have turned MAGA'  
  

David Marcus, the co-founder and CEO of Lightspark and a former Meta and Paypal executive, became the latest tech leader to back Trump on Wednesday. In a post on X, formerly Twitter, he cited Trump’s stances on Bitcoin and immigration as reasons for his support.


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Nasdaq jumps 450 points as Fed hints at rate cuts ahead  
  

On Wednesday, Boeing is set to report before the bell, while Meta, Carvana, and Qualcomm are among the names set to report after the day ends. On Thursday, crypto companies such as Coinbase and MicroStrategy will report their earnings. Berkshire Hathaway’s earnings will come on Friday.




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