economy and trade

Paging Dr. AI? What ChatGPT and artificial intelligence could mean for the future of medicine

CNN — Without cracking a single textbook, without spending a day in medical school, the co-author of a preprint study correctly answered enough practice questions that it would have passed the real US Medical Licensing Examination. But the test-taker wasn’t a member of Mensa or a medical savant; it was the artificial intelligence ChatGPT. The …

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A first generation iPhone going up for auction hopes to fetch $50,000

New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …

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Shell posts profit of nearly $40 billion and announces $4 billion in buybacks

Hong Kong/London CNN — Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after oil and gas prices soared following Russia’s invasion of Ukraine. Europe’s largest oil company by revenue reported adjusted full-year earnings of $39.9 billion on Thursday — more than double …

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The Fed approves the smallest rate hike since March, with no improved inflation outlook

New York CNN — The Federal Reserve unanimously approved a quarter-point interest rate hike Wednesday, slowing the pace of its increases in a clear sign that the central bank is seeing progress in its fierce battle with inflation. The decision, at the conclusion of the Federal Open Market Committee’s first meeting of 2023, comes after …

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Biden proposes a ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets

CNN — President Joe Biden announced new progress Wednesday on his administration’s “competition agenda,” specifically taking aim at junk fees while calling on Congress to pass legislation targeting fees hidden across multiple industries. These costs can “drain hundreds of dollars a year from the pockets of hardworking American families, especially folks who are already struggling …

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Judge reportedly allows Meta to move forward with VR startup acquisition, in blow to FTC

CNN — A federal judge will not block Meta from buying a virtual reality tech startup, according to multiple reports, in a setback for the US government, which had alleged the deal would threaten competition in a nascent market. Tuesday’s decision, issued by the US District Court for the Northern District of California, is sealed. …

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ChatGPT creator launches subscription service for viral AI chatbot

CNN — OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that offers users Priority access to the AI ​​chatbot even during peak times. The paid plan, called ChatGPT Plus, comes two months after the tool was released publicly and quickly went viral, thanks to its ability to …

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Linda Ronstadt ‘Long, Long Time’ streams soar after ‘Last of Us’ episode

CNN — Linda Ronstadt’s “Long, Long Time” appeared not once but three times in Sunday’s episode of “The Last of Us.” And fans of HBO’s newest hit were clearly moved by Ronstadt’s song, as streams of her ballad have ballooned since the episode premiered. Between 11 pm ET and midnight on Sunday, Spotify streams of …

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Europe grew faster than the US last year. Its markets are outperforming too

London CNN — Europe’s stock markets have beaten Wall Street by the biggest margin in more than three decades over recent months as its economy looks set to dodge a recession many thought inevitable just a few weeks ago. Since late September, European market benchmarks have risen by 20 percentage points more than Wall Street …

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Andrea Riseborough’s Oscar nomination will stand, the Academy says

CNN — British actress Andrea Riseborough will get to keep her Oscar nomination for best lead actress for her performance in the independent drama “To Leslie,” the Academy of Motion Picture Arts and Sciences announced on Tuesday. Last week, The Academy launched a “review of the campaign procedures around this year’s nominees,” and though Riseborough …

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