A debt deal is in sight Investors are holding their breath on Friday morning, amid signs that the White House and top House Republicans are closing in on a deal to raise the debt limit and avert a government default. Stock futures are showing modest gains, while yields on Treasury bills maturing on June 8 […]
Read More
Fake news, real market drop For a few minutes on Monday, an ominous image of black smoke billowing from what appeared to be a government building near the Pentagon set off investor fears, sending stocks tumbling. Experts quickly dismissed the picture as a fake, most likely cobbled together with artificial intelligence, and markets swiftly recovered. […]
Read More
Geoffrey Hinton was an artificial intelligence pioneer. In 2012, Dr. Hinton and two of his graduate students at the University of Toronto created technology that became the intellectual foundation for the A.I. systems that the tech industry’s biggest companies believe is a key to their future. On Monday, however, he officially joined a growing chorus […]
Read More
“We always said it was like a start-up,” Mr. Anderson wrote, “with zero risk if you failed.” The layoffs, which totaled about 18,000 across Amazon, came with a hiring freeze, limiting options for movement internally. Numerous employees of the company wrote Mr. Anderson that his post had hit a nerve. They told him that they […]
Read More
This transcript was created using speech recognition software. While it has been reviewed by human transcribers, it may contain errors. Please review the episode audio before quoting from this transcript and emailtranscripts@nytimes.comwith any questions. lulu garcia-navarro From New York Times Opinion, I’m Lulu Garcia-Navarro, and this is “First Person.” If you flip back through the […]
Read More
“Simply a fraud” The legal clampdown on crypto’s accused villains, fraudsters and fallen stars has stepped into a higher gear, a shift that’s contributing to more volatility in the price of digital assets. Atop the crypto crime blotter on Friday is the S.E.C.’s decision to charge Singapore-based Terraform Labs and its founder Do Kwon with […]
Read More
YouTube said it was always working to strike a balance between allowing free expression and protecting online and real-world communities from harm. Nicole Bell, a spokeswoman for the company, said that YouTube removed six videos flagged by Media Matters for violating its policies, and it terminated a channel for uploading content from a banned creator. […]
Read More
Digital ad spending, while still growing overall, “has decelerated precipitously,” according to an analysis last month by the research firm Insider Intelligence. Twitter seems to be faring the worst. The company has struggled to retain top-flight advertisers since Mr. Musk took over as owner in October, amid fears of a proliferation of hate speech and […]
Read More
Iger shows his cards Since returning to Disney in November, Bob Iger has inspired hope among employees and investors that he could turn around the entertainment giant — and faced a tough challenge from the activist investor Nelson Peltz. On Wednesday, Mr. Iger began to lay out how he plans to fix Disney and fend […]
Read More
“You don’t need much good news for the stocks to outperform,” Mr. Mahaney said. But shares of several of those companies dropped in after-hours trading on Thursday evening after they reported disappointing results for the most recent quarter, making it clear that tech’s business challenges remain. On Thursday, Google reported its second decline in advertising, […]
Read More
Alphabet, Google’s parent company, has settled into a period of stalled growth as economic uncertainty reverberates across Silicon Valley. Gone are the pandemic boom times, when the internet giant’s profit and employee head count soared. On Thursday, the company posted its fourth consecutive decline in profit as it grapples with a slowdown in digital advertising. […]
Read More