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News
A Chinese humanoid startup flips 'distillation' claim on OpenAI as it releases a new robotics model
2+ day, 2+ hour ago (427+ words) The CEO of an Ant-backed humanoid robotics startup has published a letter to OpenAI in Chinese that raises questions about technical and design similarities between the two companies' recent models. "People often say major tech companies have intelligence networks monitoring…...
Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury
1+ week, 6+ day ago (470+ words) Federal Reserve Chair Kevin Warsh's stance in his speech at the Jackson Hole meeting was unexpectedly hawkish, boosting market expectations for a rate hike next month. Gold fell and Asian stocks declined on Monday. Traders of fed funds futures see…...
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
2+ week, 1+ day ago (354+ words) The Ninth Circuit Court of Appeals rejected prediction markets platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government. The court rejected appeals by Kalshi…...
September Fed decision is now a coin flip as rate hike odds increase post Warsh
2+ week, 1+ day ago (329+ words) Kevin Warsh's keynote speech at the central bank's annual symposium in Jackson Hole, Wyo. has altered investors' outlook for an interest rate hike in September after the Fed chairman said he was committed to fighting inflation. Traders on prediction market…...
Samsung plans up to $80 billion in shareholder returns after SK Hynix buyback
3+ week, 1+ day ago (246+ words) Samsung Electronics has announced a shareholder return package, marking a blockbuster week for shareholder returns among South Korea's chip giants following SK Hynix's share buyback. The company announced Friday that it expects shareholder returns to total between 90 trillion won and…...