\n\nIt has created a wave of awareness and brave confrontations over sexual harassment and assault, taking down powerful men in the process. And now the #MeToo movement has been named Time magazine\'s Person of the Year for 2017.\n\nOn its cover, Time called the people behind the movement "The Silence Breakers." Its story features women and men who have spoken out — including activist Tarana Burke, who started the hashtag 10 years ago.\n\n#MeToo rose to prominence as a social media campaign in the wake of high-profile accusations against Hollywood producer Harvey Weinstein. After actress Alyssa Milano popularized the hashtag, thousands of women began sharing their stories about the pervasive damage wrought by sexual harassment and by "open secrets" about abuse.\n\nThe movement\'s empowering reach could be seen in the platform on which Time announced its choice: the Today show. It was just one week ago that NBC fired the morning program\'s longtime and powerful co-host, Matt Lauer, over a detailed complaint of "inappropriate sexual behavior in the workplace."\n\nWhile the most high-profile #MeToo stories have come from women and men who work in the movies and media, the Time article also features women who work hourly jobs, some of whom want to remain anonymous. The magazine\'s cover portrait includes strawberry picker Isabel Pascual, lobbyist Adama Iwu and former Uber engineer Susan Fowler along with Ashley Judd and Taylor Swift.\n\n

Many of the reports of sexual assault related to people coming forward regarding past incidents

\n\nHollywood mogul Harvey Weinstein has been found guilty of rape and sexual assault by courts in New York and Los Angeles.\n\nHere is a summary of the key events that led him to court:\n\n- Weinstein issues an apology acknowledging he "has caused a lot of pain" - but disputes allegations he harassed female employees over nearly three decades.\n\n- It is announced that Harvey Weinstein has been sacked by the board of his company, with immediate effect. \n\n- The organisation behind the Oscars votes to expel Weinstein. The Academy of Motion Picture Arts and Sciences says: "What\'s at issue here is a deeply troubling problem that has no place in our society."\n\n- Weinstein\'s former company files for bankruptcy, months after the Oscar-winning producer was accused of multiple sexual assaults.\n\n- Weinstein faces fresh sexual assault charges in New York from a third woman, in a case dating back to 2006.\n\n- After five days of deliberation, the jury finds Weinstein guilty of a criminal sexual act in the first degree and third-degree rape.\n\n- Weinstein goes on trial in LA, facing 11 charges involving five alleged victims.\n\n- Weinstein is found guilty by a Los Angeles jury of raping a woman.\n

\n\nIt’s the hashtag that rocked the world.\n\nSince #MeToo went viral two weeks ago in the wake of sexual harassment allegations against producer Harvey Weinstein, Twitter reports that more than 1.7 million women and men have used the hashtag in 85 countries.\n\nIn Italy, women rallied behind a version called #QuellaVoltaChe, which translates to “That time when,” while French women decided to out their harassers by name under #BalanceTonPorc, which roughly translates to “snitch out your pig.”\n\nAt least nine well-known powerful men have been accused of various forms of sexual assault, including former President George H.W. Bush, Hollywood producer James Toback and journalist and author Mark Halperin. And just last week, California Rep. Jackie Speier launched #MeTooCongress, asking Washington staffers to share their stories on harassment on the Hill.\n\nBut can a hashtag, a meme or any viral moment – no matter how widespread – really turn into a lasting movement that that will create social change and reduce sexual abuse of women?\n\nMaybe. But experts say it’s going to take a coordinated effort between antiviolence organizations, the media and Hollywood as well as concrete actions from each and every one of us, especially men.\n\n“I am really tired of talking about women,” said Toni Van Pelt, president of the National Association of Women. “We must focus on the men. We must be demanding that the men step forward and take responsibility, whether they think they are the good guy or not.

Twitter reports that more than 1.7 million women and men have used the #MeToo hashtag.


\n\nMore than 50 people have died and dozens more were missing on Thursday, as heavy flooding in Germany and Belgium turned streams and streets into raging torrents that swept away cars and caused houses to collapse.\n\nRecent storms across parts of western Europe made rivers and reservoirs burst their banks, triggering flash floods overnight after the saturated soil couldn’t absorb any more water.\n\n“I grieve for those who have lost their lives in this disaster,” German Chancellor Angela Merkel said during a visit to Washington, expressing shock at the scope of the flooding. “We still don’t know the number. But it will be many.”\n\nShe pledged that everything would be done to find those still missing, adding, “’Heavy rain and flooding’ doesn’t capture what happened.”\n\nAuthorities in the North Rhine-Westphalia state said at least 30 people had died, while 19 deaths were reported in Rhineland-Palatinate state to the south. Belgian media reported eight deaths in that country.\n\nAmong the worst-hit German villages was Schuld, where several homes collapsed and dozens of people remained unaccounted for.\n\nRescue operations were hampered by blocked roads and phone and internet outages across the Eifel, a volcanic region of rolling hills and small valleys. Some villages were reduced to rubble, as old brick and timber houses couldn’t withstand the sudden rush of water, often carrying trees and other debris as it gushed through narrow streets.\n\nKarl-Heinz Grimm, who had come to help his parents in Schuld, said he had never seen the small Ahr River surge in such a deadly torrent.\n\n

Vice president of Germany’s federal agency for technical relief said it was very unlikely that any more survivors would be found.

\n\nCatastrophic floods such as those that struck Europe recently could become much more frequent as a result of global heating, researchers say.\n\nHigh-resolution computer models suggest that slow-moving storms could become 14 times more common over land by the end of the century in a worst-case scenario. The slower a storm moves, the more rain it dumps on a small area and the greater the risk of serious flooding.\n\nResearchers already knew that the higher air temperatures caused by the climate crisis mean the atmosphere can hold more moisture, which in turn has led to more extreme downpours. The latest analysis, however, is the first to assess the role of slow-moving storms in causing extreme downpours in Europe.\n\nThe storms projected in the new study move even more slowly than those which drenched Germany, the Netherlands and other countries in the past week and so would lead to even more extreme rainfall and flooding. “The simulations give the idea that even worse can happen,” said Abdullah Kahraman at Newcastle University in the UK, who led the research.\n\nProf Lizzie Kendon at the UK Met Office said: “This study shows that in addition to the intensification of rainfall with global warming, we can also expect a big increase in slow-moving storms. This is very relevant to the recent flooding seen in Germany and Belgium, which highlights the devastating impacts of slow-moving storms.”\n\nScientists think the rapidly warming Arctic may be the root cause of slowing weather systems, by decelerating high-level winds such as the jet stream.

The rapidly warming Arctic creates high-level winds such as the jet stream.

\n\nCommunities in Germany, Belgium, and The Netherlands are reeling after extreme July rainfall swamped parts of Western Europe. Some of the worst-hit areas saw as much as two months of rain within 24 hours—enough to break precipitation records, push rivers to new heights, and trigger devastating flash floods.\n\nNighttime downpours on July 14-15, 2021, proved especially damaging. Many people were asleep when the most intense rain fell, and they were caught off guard as rivers raged, dams failed, and floodwaters inundated homes. News media estimated that 196 people were killed by flooding and thousands more were injured. Hundreds of people are still listed as missing.\n\nOn July 18, 2021, the Operational Land Imager (OLI) on Landsat 8 captured this image of flooding along the Meuse and Roer rivers. As water levels rose, nearly 5,000 people were forced to evacuate from Roermond, a city in The Netherlands near the border with Germany. A dam breach on the Roer contributed to the extensive flooding.\n\nWhile it will take some time for experts to analyze whether this event was influenced by human-caused global warming, scientists have amassed data showing that warming has led to more intense and frequent downpours in many parts of the world. Some researchers and meteorologists have also suggested that warming may be changing the jet stream in ways that make atmospheric "blocking" patterns—like the one that prolonged these downpours—more likely.\n\n

Human-caused global warming and climate change occur worldwide.

\n\n“In some areas we have not seen this much rainfall in 100 years,” Andreas Friedrich, a German weather service spokesman, told CNN. He added that “in some areas we’ve seen more than double the amount of rainfall which has caused flooding and unfortunately some building structures to collapse.”\n\nShocking images of the devastation in Germany and Belgium showed entire villages underwater, with cars wedged in between collapsed buildings and debris. The Netherlands and Luxembourg have also been affected by the extreme rainfall.\n\nIn Germany, at least 105 people have been killed across two western states. In the hard-hit district of Ahrweiler, in the state of Rhineland-Palatinate, authorities told CNN that 1,300 people remained unaccounted for.\n\n“There is no end in sight just yet,” Ulrich Sopart, a police spokesman in the city of Koblenz, told CNN. He said that authorities are hopeful that they will be able to revise down the number of missing people as the rescue operation continues and phone lines are restored.\n\n”Our hopes are that some people might have been registered as missing twice or even three times – if for example a family member, a work colleague or a friend has registered a person as missing,” Sopart said.\n\n”Also, [in] some places phone lines are still down and reception is difficult. We do hope that people will get in touch with a relative, work colleague or friend to let them know they are fine,” he said.\n\nA dam along the river Rur in the western German state of North Rhine-Westphalia broke Friday night, according to the regional government.

1,300 people remain unaccounted for in the district of Ahrweiler.


It’s been five months since Elon Musk took over Twitter after a long-drawn out, tumultuous negotiating period. There has been a lot of controversy since he positioned himself at the helm of the social media platform, including massive layoffs, allowing too-long tweets, and altering the algorithm to make his Super Bowl tweets rank higher. He closed the deal to acquire Twitter on Oct. 28, after paying his original officer price of $54.20 a share for a grand total of approximately $44 billion. He fired some of the company’s top executives almost immediately, including CEO Parag Agrawal, chief financial officer Ned Segal, and chief legal officer Vijay Gadde. Soon after, he began to lay off staff members to remove around half of the 7,500-strong workforce. Twitter value drops to half of Musk’s acquisition price. Now, it appears that Twitter is facing financial challenges. Changes since Musk’s takeover have resulted in more hate speech, issues in acquiring blue check verification, and problems with the app’s features. According to Zoe Schiffer, managing editor of Platformer, a tech news website, the billionaire sent an email to Twitter employees admitting that the company has been through radical changes which were necessary. Musk also reportedly acknowledged that the platform was previously about four months from running out of money. Per Schiffer, the value of Twitter is now half of what Musk paid for it. “Current grants are based on a $20b valuation,” she tweeted, although Musk says he is hopeful of eventually getting a valuation of $250 billion. Advertisers concerned about their brand have left the platform, leading to plummeting revenues for the company in recent months.

Twitter's value is half of Musk’s acquisition price.

Less than a week after Elon Musk finally gave in and paid full price for Twitter, his attempts to remake the platform are already descending into an entirely predictable clown show. Watching him begin to reshape content moderation and launch a poorly considered monetization scheme would be entertaining if their potential effects weren’t so dire, with consequences for Twitter’s employees and users, and potentially the broader society. \n\nOriginally reported Sunday by The Verge, a plan to charge verified users to get or keep their blue checks was expected to cost $20 a month. But after widespread backlash on the platform and a poll tweeted by Musk ally Jason Calacanis, in which nearly 82% of users responded that they wouldn’t pay anything for verification, those plans appear to have changed.\n\nBy Tuesday afternoon, Musk had posted a thread on the platform outlining his plan to charge $8 a month instead — part of an overhaul of Twitter’s existing Blue service.\n\nAlong with the coveted blue check, Twitter Blue subscribers will be able to post longer video and audio clips. They will also have half as many ads in their feeds and be able to get around paywalls from news publishers “willing to work” with the platform, and their tweets will get priority in replies, mentions and search results.\n\nIt should come as no surprise that such a plan could have a number of drawbacks.

Musk proposed a plan to charge verified users $20 a month for verification.

A poll tweeted by Jason Calacanis showed that 82% of Twitter users wouldn’t pay for verification.

Musk changed the plan to charge users $8 a month for verification.

Elon Musk says that Twitter is close to becoming cash-flow positive after making sharp layoffs and working to lure advertisers back to the platform.\n\n“I’d say we’re roughly breakeven at this point,” Musk said Wednesday, during a live interview with the BBC recorded on Twitter Spaces.\n\nMusk has pushed to make more money at Twitter to recoup his multibillion-dollar investment in the company. As part of this income-generation drive, Twitter has sought to make more money from subscriptions, charging users $8 a month to get access to Twitter verification marks and for the ability to edit tweets, among other features.\n\nMusk said that Twitter will start removing blue checks from accounts without a subscription to the company’s paid Twitter Blue service next week.\n\nDuring the interview, Musk said that “almost all” advertisers have resumed buying ads on the platform, after several hit pause on Twitter advertising following Musk’s acquisition of the app.\n\nMusk purchased Twitter for $44 billion in late October after a drawn-out legal battle with the company. He has since sought to radically overhaul the platform, including its content moderation policies.\nThis has spooked many product placers, with half of Twitter’s top 100 advertisers now estimated to have left the platform since Musk took over.\n\n“Depending on how things go, if current trends continue, I think we could be ... cashflow-positive this quarter, if things keep going well,” Musk said.\n\nBrands were concerned about the app failing to tackle hateful posts in the wake of the $44 billion deal, which was completed in October 2022.

Half of Twitter’s top 100 advertisers have left the platform


\nThe devastating fire that ravaged the famed Notre Dame Cathedral in Paris on April 15 prompted unsubstantiated rumors online about who or what was to blame.\n\nBy Tuesday, for example, the website of former Fox News commentator Kevin Jackson had zeroed in on a whole group of people, running a headline that reads: “Muslim Ties to Notre Dame Fire.”\n\nWe could find no credible sources to support the incendiary suggestion that Muslims were responsible.\n\nThe French government said in a press release Tuesday the cause of the fire remained unknown, and Paris public prosecutor Remy Heitz told reporters that investigators were currently eyeing it as an accident.\n\nThe article on Jackson’s site, however, advances the unsupported idea of a “Muslim attack” through paragraphs of innuendo, not fact.\n\n“Was this a true accident? Or is someone trying to send Christians a message?” the article on theblacksphere.net reads. “Many people speculate this is a Muslim attack on Christianity. In 2016, a car parked outside Notre Dame was discovered. It contained full gas tanks and documents written in Arabic. Therefore, authorities were well-aware of the threats posed against Notre Dame.”\n\nBut there is no evidence tying that 2016 episode with this week’s fire, as some news outlets worked to make clear. The U.K.’s Telegraph, which covered the 2016 incident at the time, affixed an update to its story indicating: “This story is from 2016 and unrelated to the fire at Notre-Dame on April 15 2019.”\n\n

The cathedral is in a precarious state and needs to be stabilized.

A fire that devastated Notre Dame Cathedral in the heart of Paris was brought under control by firefighters in the early hours of Tuesday morning, though officials warned there were still residual fires to put out.\n\nThousands of Parisians watched in horror from behind police cordons as a ferocious blaze devastated Notre Dame Cathedral on Monday night, destroying its spire and a large part of the roof.\n\nAn investigation has been opened by the prosecutor’s office, but police said it began accidentally and may be linked to building work at the cathedral. The 850-year-old gothic masterpiece had been undergoing restoration work.\n\nThe French president, Emmanuel Macron, attended the scene and later gave a speech in which he vowed that the cathedral would be rebuilt, as fire crews said the landmark’s rectangular bell towers and structure of the building had been saved.\nMacron said “the worst had been avoided” thanks to hundreds of brave firefighters who battled for hours and who would continue working through the night. One firefighter was severely injured but no other casualties were reported.\n\n“What happened tonight in Paris, in this cathedral, is a terrible event,” the president said, vowing to raise funds worldwide and bring the best talents from around the world to reconstruct the building in its entirety.\n\n“Notre Dame is our history, our literature, part of our psyche, the place of all our great events, our epidemics, our wars, our liberations, the epicentre of our lives ... So I solemnly say tonight: we will rebuild it together.”

Emmanuel Macron vowing to raise funds worldwide.

Jackson's article published innuendo suggesting a "Muslim attack" was responsible.

The catastrophic fire at the Notre Dame Cathedral could have been caused by a burning cigarette or an electrical malfunction, French prosecutors said Wednesday.\n\nA preliminary investigation into the April fire, which devastated large parts of the 850-year-old church, found no signs that the blaze was started deliberately, Paris prosecutor Remy Heitz said in a statement.\n\nInvestigators carried out a hundred witness hearings during the preliminary investigation, which concluded on Wednesday, Heitz said.\n\nProsecutors are now looking into the possibility of negligence and said they were opening a judicial investigation.\n\n“If certain failings – which may explain the scale of the fire – have been brought to light, the investigations carried out to this date have not been able to determine the causes of the fire,” Heitz said.\n\nHeitz said the judicial investigation would be carried out “on the grounds of involuntary damage by fire due to a manifestly deliberate breach of a duty of care or safety imposed by law or regulation, which occurred under conditions likely to expose persons to bodily harm.”

Investigators carried out a hundred witness hearings during the preliminary investigation.

At 6:20 p.m. local time (12 p.m. ET) on Monday, a fire alarm rang out, interrupting mass. Security guards started to evacuate the cathedral even though they did not see any sign of a fire, a spokesman for the Paris fire brigade told CNN.
François-Xavier Lochet, a 70-year-old worshiper, said the congregation had just begun the Universal Prayer when the siren sounded. He said visitors were ushered out but those gathered for mass remained in place. Lochet said mass continued until a police officer went up and told the priest: “This is no joke. You’ve got to get out.”
Twenty-three minutes later, at 6:43 p.m. (12:43 p.m. ET), a second alarm blared and the fire was visible at that point, the fire department said.
Around 400 firefighters were deployed to the scene but were delayed slightly by rush hour traffic.
Police in Paris confirmed a fire had taken hold at Notre Dame and asked the public to avoid the area in a tweet sent at 7:20 p.m. (1:20 p.m. ET). A minute later, Paris Mayor Anne Hidalgo posted a tweet saying “a terrible fire is underway” with photographs taken outside the church: one of smoke billowing from near the spire and over the towers, and a second showing the fire department responders working at the scene.

Shortly before 8 p.m. (2 p.m. ET), the cathedral’s famed spire burned to a blackened shell before finally toppling, as thousands of Parisians who had gathered in the streets watched in horror.

Fire visible at 6:43 p.m. and 400 firefighters deployed to the scene.


\n\nThe global energy crisis has triggered unprecedented momentum behind renewables, with the world set to add as much renewable power in the next 5 years as it did in the past 20\n\nThe global energy crisis is driving a sharp acceleration in installations of renewable power, with total capacity growth worldwide set to almost double in the next five years, overtaking coal as the largest source of electricity generation along the way and helping keep alive the possibility of limiting global warming to 1.5 °C, the IEA says in a new report.\n\nEnergy security concerns caused by Russia’s invasion of Ukraine have motivated countries to increasingly turn to renewables such as solar and wind to reduce reliance on imported fossil fuels, whose prices have spiked dramatically. Global renewable power capacity is now expected to grow by 2 400 gigawatts (GW) over the 2022-2027 period, an amount equal to the entire power capacity of China today, according to Renewables 2022, the latest edition of the IEA’s annual report on the sector.\n\nThis massive expected increase is 30% higher than the amount of growth that was forecast just a year ago, highlighting how quickly governments have thrown additional policy weight behind renewables. The report finds that renewables are set to account for over 90% of global electricity expansion over the next five years, overtaking coal to become the largest source of global electricity by early 2025.\n\n

Biden-Harris Administration announces the availability of nearly $11 billion in grants for rural energy and utility providers.

\n\nChina has been the world's largest and fastest-growing producer of renewable energy for more than a decade, but has widened its lead over international rivals through a steep acceleration in the roll out of wind capacity since 2021.\n\nChina added more wind generation capacity in the past two years than over the previous seven, and in 2022 generated 46% more wind power than all of Europe, the second largest wind generation market, according to data from think tank Ember.\n\nAs Europe had been the world's top wind power producer until 2020, China's widening lead over the rest of the world in such a tight time frame further cements China's status as the global green energy leader, and underscores Beijing's commitment to overhauling its massive energy system at a record pace.\n\nFurther, the rapid roll out of wind capacity, along with a more than 27% surge in solar generation in 2022 from the year before, helped push China's electricity share from clean energy sources to a record 34.2% last year.\n\nThat in turn will help the country's energy system to limit reliance on high-polluting fossil fuels such as coal even as economic growth gathers momentum in 2023 following the lifting of COVID-19 movement curbs that restricted activity in 2022.\n\nWhile China has deployed record volumes of both solar and wind power capacity over the past decade, wind generation capacity has grown more steeply than solar capacity since 2020.\n

China has been the world's largest and fastest-growing producer of renewable energy for more than a decade.

\n\nThe European Union reached a provisional deal on Thursday on higher renewable energy targets, an important pillar of the bloc's plans to fight climate change and end dependence on Russian fossil fuels.\n\nNegotiators of the European Parliament and the Council, representing EU members, agreed that by 2030, the 27-country EU would commit to sourcing 42.5% of its energy from renewable sources like wind and solar, with a potential top-up to 45%.\n\nThe EU's current 2030 target is for a 32% renewable energy share.\n\nThe EU got 22% of its energy from renewable sources in 2021, but the level varied significantly between countries. Sweden leads the 27 EU countries with its 63% renewable energy share, while in Luxembourg, Malta, the Netherlands and Ireland, renewable sources make up less than 13% of total energy use.\n\nA rapid shift to renewable energy is crucial if the EU is to meet its climate change goals, including a legally binding aim to cut net greenhouse gas emissions by 55% by 2030, from 1990 levels.\n\nEU countries will have to raise to 29% the share of renewables in energy used by the transport sector. EU industry would increase its use of renewables by 1.6% per year, with 42% of the hydrogen it uses deriving from renewable sources by 2030 and 60% by 2035.\n\nThe directive added targets for buildings and sought accelerated permitting processes for renewable energy projects.\n\n

The European Union reached a provisional deal on Thursday to commit to sourcing 42.5% of its energy from renewable sources by 2030.


\n\nThe US, and the technology sector which were among its biggest customers, face another Lehman Brothers moment with the failure of SVB.\n\nUS regulators rushed to seize the assets of Silicon Valley Bank (SVB) on Friday after a run on the bank, the largest failure of a financial institution since the height of the financial crisis more than a decade ago.\n\nSilicon Valley, the country\'s 16th largest bank, failed after depositors - mostly technology workers and venture capital-backed companies - hurried to withdraw their money this week as anxiety over the bank’s situation spread.\n\nThe bank could no longer cope with the massive withdrawals of its customers and its last attempts to raise new money did not succeed.\n\nUS authorities therefore officially took possession of the bank and entrusted its management to the U.S. agency responsible for guaranteeing deposits, the Federal Deposit Insurance Corporation (FDIC).\n\nLittle known to the general public, SVB had specialised in financing start-ups and had become one of the largest banks in the US by asset size: at the end of 2022, it had $209 billion (€196 billion) in assets and about $175.4 billion (€164.5 billion) in deposits.\n\n\nIts demise represents not only the largest bank failure since that of Washington Mutual in 2008, but also the second-largest failure of a retail bank in the United States.\n\nUS Treasury Secretary Janet Yellen called several financial sector regulators together on Friday to discuss the situation, reminding them that she had "full confidence" in their ability to take appropriate action and that the banking sector remained "resilient".

Layoffs are making headlines, and most seem to be centered around one job sector: tech. \n\nThe tech industry increased its layoffs by 649% in 2022, which is the highest since the dot-com bubble more than a few decades ago, according to "The Challenger Report." More tech employees were laid off in 2022 than in 2020 and 2021 combined. \n\nCompanies turn to layoffs as a survival method to cut costs when revenue and profits get leaner. \n\nWhen inflation hit the economy hard in June 2022, consumers saw price increases of 9.1% compared to the typical annual rate of 2% for steady inflation, according to the Federal Reserve. 2022 saw the highest inflation rate in 40 years, according to the U.S. Bureau of Labor Statistics (BLS). The economy softened as people started buying less to accommodate these higher prices. The cost of living jumped significantly, and people and businesses had to make cutbacks. Technology companies saw price increases for services, so companies had to evaluate and make cuts if necessary. \n\nHigher interest rates affect how much a company wants to borrow due to higher costs. These higher rates directly impact venture capitalists (VCs) and other funding of startups. Companies do not want to invest in riskier areas when the economy's future is uncertain. Economic uncertainties cause companies to reevaluate their hiring and growth strategies. \n\nInvestors want companies to decrease expenses as revenues slow down. VCs are worried that profits will be down this year after the large growth period. \n\nPart of the rise in layoffs is due to correcting the hiring of too many people. During the height of the pandemic, the use of technology grew significantly as everything moved online. \n\nWith the collapse of SVB, more venture capitalists and banks are going to be nervous about taking on the risk of start-up companies.

Too many people hired in the tech industry during the pandemic.

\n\nEconomic warning signs are mounting in California — foreshadowing potentially tough budget decisions for the state officials and policymakers who emerge victorious from the Nov. 8 election.\n\nOne particularly eye-popping statistic: Just nine companies headquartered in the Golden State went public in the first three quarters of 2022, compared to 81 during the same period last year, according to a Bloomberg News analysis.\n\nAs of Sept. 30, initial public offerings in California had raised just $177 million, compared to an average of $16 billion during the same period over the past five years.\nThe $177 million figure represents just 2% of funds generated by U.S. companies that went public through the end of September. Last year at this time, California accounted for 39% of funds nationally.\nIf this trend continues, it could spell an end to the streak California has maintained since 2003 of generating more IPOs than any other state.\n“We are already seeing an immediate effect,” Brian Uhler, deputy legislative analyst for the state Legislative Analyst’s Office, told Bloomberg. “And it does appear to be significant,” contributing to a 5% decline in California employers’ income tax withholding payments in September compared to last year.\n\nIndeed, California collected about $2.8 billion less in taxes in September than it thought it would, marking the third straight month of revenues coming in below projections, according to a report released this week by Gov. Gavin Newsom’s Department of Finance.\n\n\n

California collected less in taxes in September marking the third straight month of revenues coming in below projections.

\n\nA global rout sparked by investors’ pessimism about the US economy has pulled down Indian technology companies, too.\n\nThe Nifty IT, a key Indian stock market index for the information-technology space, is ending 2022 down 24% from the previous year, its worst fall since the 2008 global financial crisis. This decline comes after five straight years of annual gains.\n\nTech majors such as Wipro, Tech Mahindra, and Mphasis have lost more than 40% of their market value in 2022. Hundreds of employees of both startups and bellwether companies have been laid off. Venture capitalist funding has dwindled.\n\nWhile the Indian economy itself has been resilient in a shaky global environment, its tech industry’s weak stretch may continue into 2023.\n\nFears of a recession, stoked by rising interest rates in developed markets, have hit the revenues, sales, and growth prospects of many global tech firms. A major share of Indian tech firms’ earnings comes from global clients.\n\nThis sell-off only intensified after Goldman Sachs, in September, downgraded Mumbai-based Tata Consultancy Services (TCS) and Bengaluru’s Infosys to “sell” from “buy,” citing a potential slowdown in revenue growth.\n\nMeanwhile, HCL Technologies, India’s third-largest IT company by revenue, has also lowered its revenue growth projection for 2023.\n\n


\n\nThe wooden structure supporting the roof of Notre Dame Cathedral was so vast, it was known as "the forest." It burned like a forest too. After the April 2019 fire that badly damaged the Paris landmark, nothing was left of the intricate maze of medieval beams but charred black timbers that pierced the nave and transept as they fell to the cathedral floor, leaving a gaping, smoking hole.\n\nNow that charpente, as the framework supporting the roof is called, is being rebuilt as part of the effort to restore and reopen one of the world\'s most famous churches by the end of 2024.\n\nAt Ateliers Perrault, a 250-year-old carpentry company in France\'s Loire Valley — one of the two chosen to restore the roof — you don\'t hear the whirring of electric saws. It\'s the chopping of axes that resounds as craftsmen transform oak trees into long, rectangular beams by hand.\n\nThis company devotes itself to France\'s historical buildings — some 48,000 of them — so its carpenters are used to working with traditional methods.\n\n

The framework supporting the roof of Notre Dame is being rebuilt.

\nThe devastating fire that ravaged the famed Notre Dame Cathedral in Paris on April 15 prompted unsubstantiated rumors online about who or what was to blame.\n\nBy Tuesday, for example, the website of former Fox News commentator Kevin Jackson had zeroed in on a whole group of people, running a headline that reads: “Muslim Ties to Notre Dame Fire.”\n\nWe could find no credible sources to support the incendiary suggestion that Muslims were responsible.\n\nThe French government said in a press release Tuesday the cause of the fire remained unknown, and Paris public prosecutor Remy Heitz told reporters that investigators were currently eyeing it as an accident.\n\nThe article on Jackson’s site, however, advances the unsupported idea of a “Muslim attack” through paragraphs of innuendo, not fact.\n\n“Was this a true accident? Or is someone trying to send Christians a message?” the article on theblacksphere.net reads. “Many people speculate this is a Muslim attack on Christianity. In 2016, a car parked outside Notre Dame was discovered. It contained full gas tanks and documents written in Arabic. Therefore, authorities were well-aware of the threats posed against Notre Dame.”\n\nBut there is no evidence tying that 2016 episode with this week’s fire, as some news outlets worked to make clear. The U.K.’s Telegraph, which covered the 2016 incident at the time, affixed an update to its story indicating: “This story is from 2016 and unrelated to the fire at Notre-Dame on April 15 2019.”\n\n

Jackson's article published innuendo suggesting a "Muslim attack" was responsible.

\nEmmanuel Macron has announced he wants to see Notre Dame cathedral rebuilt “more beautiful than before” within five years, but there are warnings that the repairs could take decades and will involve substantial challenges.\n\nThe main problems include the sourcing of materials and painstaking work to preserve elements of the church that have survived the fire but might have been badly damaged by it, experts have warned.\n\nEric Fischer, who heads a foundation restoring the 1,000-year-old Strasbourg Cathedral that recently underwent a three-year facelift, said he thought rebuilding Notre Dame would probably take several decades.\n\n“The damage will be significant,” Fischer said.\n\nAudrey Azoulay, director-general of Unesco, the UN’ cultural organisation, said restoring Notre Dame “will last a long time and cost a lot of money”.\n\nDonations have poured in from around the world for the restoration efforts, with more than €800m (£692m) pledged as French tycoons and global corporations announced they would donate.\n\n“The fire at Notre Dame reminds us that our history never stops and we will always have challenges to overcome,” Macron said on Tuesday night. “We will rebuild Notre Dame, more beautiful than before – and I want it done in the next five years. We can do it. After the time of testing comes a time of reflection and then of action.”\n\nFrench authorities revealed on Tuesday that the cathedral was within “15 to 30 minutes” of complete destruction as firefighters battled to stop flames reaching its gothic bell towers.\n\n

Global corporations and wealthy French individuals pledge over €800 million in donations.

There was possibly a burning cigarette or an electrical malfunction in Notre Dame.

The rector of Notre Dame Cathedral says the Paris landmark is still so fragile that there\'s a “50 percent chance” the structure might not be saved, because scaffolding installed before this year\'s fire is threatening the vaults of the Gothic monument.\n\nMonsignor Patrick Chauvet said restoration work isn\'t likely to begin until 2021 — and described his “heartache” that Notre Dame couldn\'t hold Christmas services this year, for the first time since the French Revolution.\n\n“Today it is not out of danger," he told The Associated Press on the sidelines of Christmas Eve midnight Mass in a nearby church. “It will be out of danger when we take out the remaining scaffolding.”\n\n“Today we can say that there is maybe a 50% chance that it will be saved. There is also 50% chance of scaffolding falling onto the three vaults, so as you can see the building is still very fragile,” he said.\n\n\n\nThe 12th-century cathedral was under renovation at the time of the accidental April fire, which destroyed its roof and collapsed its spire. With no more roof to keep the massive stone structure stable, the cathedral\'s surviving vaults are crucial to keeping it standing, but they are vulnerable.\n\nSome 50,000 tubes of scaffolding crisscrossed the back of the edifice at the time of the fire, and some were damaged. Removing them without causing further problems is one of the toughest parts of the cleanup effort.

Cathedral won't hold Christmas services.


\n\nDramatic elections in Brazil, Chile and Colombia brought leftist governments into power across much of Latin America in 2022, capping the region\'s second "pink tide" in two decades.\n\n However, their struggles amid stubborn economic headwinds suggest the wave may have crested. An anti-incumbent streak that lifted the left could soon swing major elections the other way.\n\nTo have the same staying power as the left-wing renaissance at the turn of the century, governments will need to reignite economies that have frustrated voters and investors alike during a decade of mostly mediocre growth.\n\nChilean President Gabriel Boric, 36, took office in March as his country\'s most progressive leader in half a century and its youngest ever. But setbacks including the rejection of a new constitution have dented his popularity and forced concessions to the center, including swapping some of the youthful cohort in his cabinet for more experienced establishment figures.\n\nColombia also swung sharply to the left with June\'s election of Gustavo Petro, a 62-year-old former guerrilla vowing to tackle inequality with tax and land reforms. He has shored up fiscal concerns with the former, but spooked investors with a proposed ban on new oil and gas exploration and second-guessing of central bank policy.\n\nBrazilian President-elect Luiz Inacio Lula da Silva, 77, who narrowly beat incumbent Jair Bolsonaro in October, is a holdover from the region\'s first pink tide, when a commodity boom helped him finish his 2003-2010 presidency with record approval.\n\nHowever, corruption scandals and economic mismanagement under his chosen successor tarred Lula\'s legacy.

Many see a window of opportunity for greater regional unity in Latin America.

\n\nGustavo Petro’s upcoming inauguration on August 7 as Colombia’s first left-wing president confirms an unmistakable trend in Latin American politics: Only five years after right-leaning leaders occupied presidential palaces in much of the region—including Chile, Bolivia, Argentina, Brazil, Colombia and Mexico—leftist candidates have won the vast majority of national elections and now govern all of the region’s major countries except Brazil, where former president Luiz Inácio Lula da Silva holds a comfortable lead less than 100 days ahead of the presidential election.\n\nThis “new pink tide” appears even more dominant than its predecessor in the 2000s that brought to power leaders like Argentina’s Cristina Kirchner, Bolivia’s Evo Morales and Venezuela’s Hugo Chávez. However, comparing the two cohorts reveals more differences than similarities.\n\nFirst, Latin American leaders in the mid-2000s enjoyed a commodity boom and, by the end of the decade, a significant U.S. interest rate reduction, which created an ideal macroeconomic environment for the region. These leaders were popular thanks to their increased public spending, and generally won reelection or succeeded in picking their successors.\n\nBy contrast, today’s leaders face a perfect storm of rising U.S. interest rates, geopolitical instability and limited fiscal space after a devastating pandemic that hit Latin America particularly hard. They must be the bearers of bad news, and thus generally suffer lower approval ratings. Given that the dominant political sentiment in Latin America today is—and will likely remain—anti-incumbent, the second pink tide will most likely be much shorter-lived than the first.

Anti-incumbent sentiment is the dominant political sentiment in Latin America

“Our region can do more,” 11 former presidents and former foreign ministers from Latin America recently wrote in an open letter to current heads of state, underlining that regional integration was “more necessary than ever.” They have a point.\n\nAs the age of hyperglobalization is ending and regionalization is back in vogue, Latin America remains one of the least economically integrated regions in the world. Regional cooperation has been extremely limited due to profound ideological differences between leaders over the past years. Two examples symbolize the striking disconnect: Despite a shared border and numerous common challenges, the heads of state of Brazil and Argentina have not been on speaking terms for most of the past three years. Secondly, the president of Mexico has not visited South America at all since coming to power in late 2018. Now that the second pink tide has reached all major countries in the region and Bolsonaro is on his way out, many see a window of opportunity for greater regional unity. \n\nHowever, the past two weeks suggest that even with leftist leaders occupying presidential palaces in the vast majority of countries in the region, broader policy coordination and regional integration will not come easily.

Brazil elects Luiz Inacio Lula da Silva.

Leftist governments come into power across Latin America in 2022, marking the region's second "pink tide" in two decades.


Microsoft has finally commented on the rumblings about the $10 billion investment into the OpenAI, maker of ChatGPT, after rumors have been swirling for weeks about this colossal financial deal. While Microsoft didn’t confirm the actual financial figure in the press release on Monday, they did announce the partnership between the two companies would be extended.\n\nThis recent investment is the third phase of the financial commitment from Microsoft. Previous investments were made in 2019 and 2021 into the AI startup.\n\nWe’re going to look at how artificial intelligence will change how Microsoft competes with Google, Apple and other tech giants—and how Q.ai can help you keep abreast of the changes.\n\nMicrosoft finally confirmed a new multi-year investment in OpenAI, the company behind ChatGPT, in a press release on January 23. When we last wrote about Microsoft’s investment in ChatGPT, it was reported by Semafor that the tech giant was looking to invest an additional $10 billion into the startup. The official release doesn’t confirm or deny the rumored dollar figure, as they only commented on continuing the partnership.\n\nMicrosoft noted how they were committed to turning Azure into an AI supercomputer for the entire world. Microsoft Azure is the exclusive cloud provider for every tool under the OpenAI banner.\n\nJust as a quick reminder, ChatGPT is the chatbot released late last year by OpenAI, a company that Elon Musk and Sam Altman originally founded. This revolutionary tool reported one million users at the beginning of December after being out for about a week.

OpenAI's ChatGPT chatbot reported one million users at the beginning of December after being out for about a week.

Billionaire Twitter owner Elon Musk is again sounding warning bells on the dangers of artificial intelligence to humanity — and claiming that a popular chatbot has a liberal bias that he plans to counter with his own AI creation.\n\nMusk told Fox News host Tucker Carlson in a segment aired Monday night that he plans to create an alternative to the popular AI chatbot ChatGPT that he is calling “TruthGPT,” which will be a “maximum truth-seeking AI that tries to understand the nature of the universe.”\n\nThe idea, Musk said, is that an AI that wants to understand humanity is less likely to destroy it.\n\nMusk also said he’s worried that ChatGPT “is being trained to be politically correct.”\n\nIn the first of a two-part interview with Carlson, Musk also advocated for the regulation of artificial intelligence, saying he’s a “big fan.” He called AI “more dangerous” than cars or rockets and said it has the potential to destroy humanity.\n\neparately, Musk has incorporated a new business called X.AI Corp,, according to a Nevada business filing. The website of the Nevada secretary of state’s office says the business was formed on March 9 and lists Musk as its director and his longtime adviser, Jared Birchall, as secretary.\n\nMusk has for many years expressed strong opinions about artificial intelligence and has dismissed other tech leaders, including Mark Zuckerberg and Bill Gates, for having what he has described as a “limited” understanding of the field.

Musk has incorporated a new business called X.AI Corp.

Under intense pressure to compete with ChatGPT — the buzzy AI chatbot that has become a viral sensation — Google announced on Monday that it’s releasing its own “experimental conversational AI” tool, called “Bard.” The company also said it will add new AI–powered features to Google search.\n\nGoogle will first give Bard access to a group of trusted external partners, according to a company blog post on Monday; it said it plans to give the public access “in the coming weeks.” What the public will have access to starting this week are search results that sometimes show AI-generated text, especially for complex queries.\n\nWhile Google has for years used AI to enhance its products behind the scenes, the company has never released a public-facing version of a conversational chat product. It seems that the breakaway success of ChatGPT — the AI conversation tool created by the startup OpenAI that can auto-generate essays, poetry, and even entire movie scripts, and which amassed 100 million users just two months after it launched — has nudged Google to make this move. Google’s announcement comes a day before Microsoft is expected to announce more details on plans to integrate ChatGPT into its search product, Bing (Microsoft recently invested $10 billion in ChatGPT’s creator, OpenAI).\n\nSince ChatGPT came out, Google has faced immense pressure to more publicly showcase its AI technology.

Google has faced immense pressure to more publicly showcase its AI technology since ChatGPT’s release.

Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon.\n\nThe Chinese behemoth said it was testing an artificial intelligence-powered chatbot internally. It did not share details of when it would launch or what the application would be called.\n\n“Frontier innovations such as large language models and generative AI have been our [focus] areas since the formation of DAMO in 2017,” an Alibaba (BABA) spokesperson told CNN in a Thursday statement, referring to an acronym for the company’s research arm that focuses on machine intelligence, data computing and robotics.\n\n“As a technology leader, we will continue to invest in turning cutting-edge innovations into value-added applications for our customers as well as their end-users.”\n\nAlibaba’s Hong Kong-listed shares ticked up 1.4% on Thursday morning.\n\nCompanies around the world are racing to develop and release their own versions of ChatGPT, the application that allows users to automatically write essays or pass tests.\n\nThe tool is built on a large language model, which is trained on vast troves of data online in order to generate compelling responses to user prompts. Experts have long warned that these tools have the potential to spread inaccurate information.\n\nThis week, Google (GOOGL) and Chinese search engine giant Baidu (BIDU) both unveiled plans to launch similar services of their own.\n\nGoogle’s tool, named “Bard,” will roll out to the public in the coming weeks, while Baidu’s bot, called “Wenxin Yiyan” in Chinese or “ERNIE Bot” in English, will launch in March.

Alibaba announces plans to launch its own ChatGPT-style tool.


\n\nSwitzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.\n\n“UBS today announced the takeover of Credit Suisse,” the Swiss National Bank said in a statement Sunday. It said the rescue would “secure financial stability and protect the Swiss economy.”\n\nUBS is paying 3 billion Swiss francs ($3.25 billion) for Credit Suisse, about 60% less than the bank was worth when markets closed on Friday. Credit Suisse shareholders will be largely wiped out, receiving the equivalent of just 0.76 Swiss francs in UBS shares for stock that was worth 1.86 Swiss francs on Friday. Owners of $17 billion worth of “additional tier one” bonds — a riskier class of bank debt — will lose everything, Swiss regulators said.\n\nExtraordinarily, the deal will not need the approval of shareholders after the Swiss government agreed to change the law to remove any uncertainty about the deal.\n\nCredit Suisse (CS) had been losing the trust of investors and customers for years. In 2022, it recorded its worst loss since the global financial crisis. But confidence collapsed last week after it acknowledged “material weakness” in its bookkeeping and as the demise of Silicon Valley Bank and Signature Bank spread fear about weaker institutions at a time when soaring interest rates have undermined the value of some financial assets.\n\n

Swiss government put up more than 200 billion francs of support and guarantees.

Silicon Valley Bank and Signature Bank collapsed.

Fear spread regarding weaker bank institutions.

Confidence collapsed last week for Credit Suisse.


In the summer of 2022, U.S. President Joe Biden faced allegations of hypocrisy and flip-flopping after he strongly condemned the U.S. Supreme Court's decision to overturn Roe v. Wade and remove federal constitutional protections for abortion access.

Speaking on June 24, Biden described Roe as the correct decision as a matter of constitutional law, an application of the fundamental right to privacy and liberty in matters of family and personal autonomy, and he called the decision to overturn it a tragic error and the realization of an extreme ideology.

However, many observers — both to the left and right of Biden on the ideological spectrum — contrasted such remarks, in 2022, with what they presented as Biden's very different stance on the abortion rights landmark, four decades ago.

On June 24, one Facebook user published a viral post which contained a screenshot of an article by the London Independent, with the headline Biden voted to overturn Roe v Wade in 1982... and the caption Wonder how those protesting the Supreme Court decision feel about this. Chances are they are the same people that voted for Biden.

In recent years, the same core claim — that Biden once voted in favor of effectively overturning Roe and returning abortion policy to the states and the U.S. Congress — has featured in news articles by the The New York Times, Fox News, and the New York Post.

That claim is accurate, although Biden did vote against an identical proposal just one year later. Our rating is True.

A viral Facebook post claimed that Biden voted to overturn Roe v. Wade in 1982.

\n\nFor decades, the legal battle over abortion focused on the U.S. Supreme Court and its guiding document, the U.S. Constitution.\n\nNow, with Roe v. Wade overturned, the legal spotlight has shifted to the states, where abortion supporters and opponents must contend with 50 different constitutions that, in many places, guarantee rights more broadly than their federal counterpart.\n\nThe legal chaos has already begun. In a half-dozen states and counting, lawsuits argue that new restrictive abortion laws are in violation of state constitutions.\n\nSo, too, the stakes have grown for ballot measures scheduled this year to amend those constitutions, whether to protect the right to an abortion or eliminate it.\n\n"For anyone who thought, \'Oh, Roe v. Wade is done and now this whole thing is over\' — I have bad news," Mary Ziegler, an abortion law expert at the University of California Davis, tells NPR. "This is just going to be an even more complicated chapter that we\'re entering into."\n\nAnd experts say the uncertainty could continue for years to come, given the relative ease of amending state constitutions and the judicial elections in many states that can result in rapid changes to a court\'s ideological makeup.\n\nIn the days since the Dobbs decision, abortion rights organizations have filed lawsuits challenging state courts to find a right to abortion in at least four states, including Utah, Kentucky, Idaho and Mississippi. (Some other active legal challenges, including lawsuits in Wisconsin, Louisiana and Texas, do not ask judges to evaluate the constitutionality of abortion rights.

Abortion rights organizations have filed lawsuits challenging state courts in at least four states.

\n\nThe Supreme Court ruled to overturn Roe v. Wade on Friday. This decision will mean laws further restricting abortion care and services will go into effect in many states. Following May's leak of the draft Supreme Court opinion in which the justices appear ready to overturn Roe, we asked you what questions you had for our experts about abortion care and access in the U.S.\n\nMany of you wrote in wanting to know more about the impact this decision could have on hospitals, in vitro fertilization, and care for miscarriages. To answer those questions, we reached out to Kristyn Brandi, an OB-GYN and family planning doctor, who is also the board chair for Physicians for Reproductive Health, and NPR health policy correspondent Selena Simmons-Duffin.\n\nMiscarriage care is definitely going to be impacted — it's already happening in Texas.\n\nA lot of times people think about miscarriage as something that's spontaneous, that somebody has no control over. That can be true, but it can also be something that people have to make decisions about. The standard of care for treating a miscarriage is the same as the standard of care for providing an abortion.\n\nThe way that can play out is if somebody has a miscarriage and they need to take medication to empty the uterus so they're not at risk of infection, that same medication is what's used for medication abortion. There have already been a lot of reports of pharmacists in Texas not filling those prescriptions for people who are suffering miscarriages.\n\n

Miscarriage care already being impacted in Texas.

\n\nNovember 8, 2016: Donald Trump was elected President of the United States. During his presidency, he appointed three conservative judges to the court - Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett — solidifying a conservative majority.\n\nJune 27, 2016: In its strongest defense of abortion rights in 25 years, the court strikes down Texas rules forcing clinics to meet hospital-like standards and doctors to have admitting privileges at nearby hospitals.\n\nDecember 1, 2021: Dobbs v. Jackson Women's Health Organization was brought to the Supreme Court, a case dealing with a Mississippi law that bans abortion after 15 weeks. Upholding Mississippi's ban would mean overturning Roe.\n\nMay 2, 2022: A Politico report details a leaked Supreme Court draft opinion indicating the Court would overturn Roe v. Wade. The news set off protests and rallies across the country.\n\nJune 24, 2022: The court ruled 6-3 to uphold Mississippi's law, with the decision to overturn Roe a 5-4 vote. Chief Justice John Roberts joined the conservative justices in the decision to uphold Mississippi's law, but urged a concurring opinion concerning Roe. The decision is expected to lead to abortion bans in roughly half the states in the nation.\n\n

June 27, 2016: Supreme Court strikes down Texas rules forcing clinics to meet hospital-like standards and doctors to have admitting privileges at nearby hospitals.

May 2, 2022: Politico report details leaked Supreme Court draft opinion indicating the Court would overturn Roe v. Wade.


Google releases its own “experimental conversational AI” tool, called “Bard".

Billionaire Twitter owner Elon Musk is again sounding warning bells on the dangers of artificial intelligence to humanity — and claiming that a popular chatbot has a liberal bias that he plans to counter with his own AI creation.\n\nMusk told Fox News host Tucker Carlson in a segment aired Monday night that he plans to create an alternative to the popular AI chatbot ChatGPT that he is calling “TruthGPT,” which will be a “maximum truth-seeking AI that tries to understand the nature of the universe.”\n\nThe idea, Musk said, is that an AI that wants to understand humanity is less likely to destroy it.\n\nMusk also said he’s worried that ChatGPT “is being trained to be politically correct.”\n\nIn the first of a two-part interview with Carlson, Musk also advocated for the regulation of artificial intelligence, saying he’s a “big fan.” He called AI “more dangerous” than cars or rockets and said it has the potential to destroy humanity.\n\neparately, Musk has incorporated a new business called X.AI Corp,, according to a Nevada business filing. The website of the Nevada secretary of state’s office says the business was formed on March 9 and lists Musk as its director and his longtime adviser, Jared Birchall, as secretary.\n\nMusk has for many years expressed strong opinions about artificial intelligence and has dismissed other tech leaders, including Mark Zuckerberg and Bill Gates, for having what he has described as a “limited” understanding of the field.

Musk has incorporated a new business called X.AI Corp.

OpenAI has launched its first subscription plan for ChatGPT, opening up the popular AI model for premium use just two months after its public launch.\n\nThe new plan, called ChatGPT Plus and announced in a company blog post on Wednesday, will charge subscribers $20 for monthly use of ChatGPT’s tools. Users will get priority access to ChatGPT “during peak times,” faster responses and “priority access to new features and improvements,” the company wrote. The subscription is only available initially in the United States and will roll out to a waitlist first.\n\nOpenAI did not immediately respond to a request for comment on the announcement. The company also noted in its post that a waitlist is now available for an upcoming ChatGPT API.\n\nThe move comes just weeks after OpenAI president and chairman Greg Brockman posted to the company’s official Discord server asking users for input on ways to “monetize ChatGPT.” Some users (including this author) reported seeing an offer for a $42 per month pro tier in January, which promised early and priority access to new features and better reliability should the service, which has suffered repeated outages due to high demand in past weeks, again hit capacity.\n\nAfter OpenAI launched ChatGPT in late November, more than one million users overwhelmed the tool’s site within five days, OpenAI has said. Since then, product releases and other announcements have flowed fast out of the San Francisco-based company led by CEO Sam Altman.

OpenAI launches subscription plan for ChatGPT

What is ChatGPT? I asked the buzzy artificial intelligence chatbot, which has ignited conversation in schools, corporate boardrooms and social media, to explain itself.\n\nIn its own description, ChatGPT is “an AI-powered chatbot developed by OpenAI, based on the GPT (Generative Pretrained Transformer) language model. It uses deep learning techniques to generate human-like responses to text inputs in a conversational manner.”\n\nThe tool is the talk of the business world. It has been mentioned on earnings calls by management from a range of companies including oil giants, banks — and even the industrial behemoth Caterpillar.\n\nIt has also sparked concerns over potential abuses. In classrooms, students have used ChatGPT to generate entire essays, while hackers have begun testing it to write malicious code.\n\nSo what is ChatGPT, exactly? Here’s a simple guide on all you need to know about the popular AI chatbot.\n\nChatGPT is an AI chatbot developed by San Francisco-based startup OpenAI. OpenAI was co-founded in 2015 by Elon Musk and Sam Altman and is backed by well-known investors — most notably Microsoft. \n\nIt is one of several examples of generative AI. These are tools that allow users to enter written prompts and receive new human-like text or images and videos generated by the AI.\n\nPrior examples include Dall-E, a text-to-image program from OpenAI that garnered attention from people captivated by its ability to come up with realistic, often absurd, pictures that match people’s text descriptions.

It has sparked concerns over potential abuses, such as students using it to generate entire essays and hackers testing it to write malicious code.


The Panama Papers are an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca. The records were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ). The ICIJ then shared them with a large network of international partners, including the Guardian and the BBC.

What do they reveal?
The documents show the myriad ways in which the rich can exploit secretive offshore tax regimes. Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens.

A $2bn trail leads all the way to Vladimir Putin. The Russian president’s best friend – a cellist called Sergei Roldugin – is at the centre of a scheme in which money from Russian state banks is hidden offshore. Some of it ends up in a ski resort where in 2013 Putin’s daughter Katerina got married.

Among national leaders with offshore wealth are Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; and the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson.

An offshore investment fund run by the father of British prime minister David Cameron avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents to sign its paperwork.

David Cameron admits to owning shares in a Panama-based offshore trust set up by his late father.

11.5 million files were leaked from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca.

\n\nThe new head of world football has been caught up in the sport’s corruption scandal because of documents that have been revealed by the Panama Papers leak.\n\nFiles seen by the Guardian will raise questions about the role Fifa’s president, Gianni Infantino, played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body.\n\nAccording to records, Uefa concluded offshore deals with one of the indicted figures at the heart of an alleged “World Cup of fraud” despite previously insisting it had no dealings with any of them.\n\nThe emergence of the contracts from 2003 and 2006, which were co-signed by Infantino, link Uefa for the first time to one of the companies involved in the huge unfolding scandal that has brought down former Fifa president Sepp Blatter.\n\nUefa has denied any wrongdoing by any of its officials or any other marketing partner.\n\nIt said the contracts were all above board. Fifa has previously insisted Infantino had no dealings with any of the officials currently under investigation – or their companies. Infantino said he was “dismayed” by the reports and “will not accept that my integrity is being doubted”.\n\nThe disclosures are based on the leak of 11m documents from the files of the offshore financial law firm Mossack Fonseca, which were obtained by Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with the Guardian and other news organisations.\n\n

\n\nA network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin.\n\nAn unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy.\n\nThough the president’s name does not appear in any of the records, the data reveals a pattern – his friends have earned millions from deals that seemingly could not have been secured without his patronage.\n\nThe documents suggest Putin’s family has benefited from this money – his friends’ fortunes appear his to spend.\n\nThe files are part of an unprecedented leak of millions of papers from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm. They show how the rich and powerful are able to exploit secret offshore tax regimes in myriad ways.\n\nThe offshore trail starts in Panama, darts through Russia, Switzerland and Cyprus – and includes a private ski resort where Putin’s younger daughter, Katerina, got married in 2013.\n\nThe Panama Papers shine a particular spotlight on Sergei Roldugin, who is Putin’s best friend. Roldugin introduced Putin to the woman he subsequently married, Lyudmila, and is godfather to Putin’s older daughter, Maria.\n\nA professional musician, he has apparently accumulated a fortune – having been placed in ostensible control of a series of assets worth at least $100m, possibly more.\n\nRoldugin appears to have been picked for this role because of his lesser profile. He has denied in documents to bank officials in Switzerland and Luxembourg that he is close to any Russian public figures.

Roldugin has denied that he is close to any Russian public figures.

\n\nIcelandic Prime Minister Sigmundur Davíð Gunnlaugsson resigned on Tuesday, after documents leaked from a Panama-based law firm revealed that his wife possesses a secret offshore account worth millions of dollars.\n\nThe money is housed in a shell corporation called Wintris, which had bought bonds in Icelandic banks. So when Iceland\'s financial sector collapsed in 2008, Wintris became a creditor to those banks. In 2013, Gunnlaugsson became the prime minister, having run partly on a promise to get tougher with Iceland\'s remaining foreign creditors.\n\nSo what Icelandic voters didn\'t know when they elected him in 2013, but have learned with this week\'s "Panama Papers" revelations, is that Gunnlaugsson\'s own wife was secretly one of the creditors he\'d promised to crack down on — an enormous and undisclosed conflict of interest.\n\nWhen the truth came out this week, it led to mass protests on Monday calling for Gunnlaugsson\'s resignation. He stepped down the next day.\n\nWhat happened in Iceland shows the political power of the Panama Papers, but it also shows the degree to which the political turmoil from the 2008 financial crisis is, in some ways, still ongoing in that country.\n\nWhat\'s more, if Gunnlaugsson\'s resignation leads Iceland to schedule new elections soon, that vote could end up empowering a radical political party called the Pirate Party, a left-libertarian amalgam that\'s obsessed with transparency and direct democracy.\n\n

Mass protests on Monday called for Gunnlaugsson's resignation.


\n\nViolence has erupted in cities across the US on the sixth night of protests sparked by the death in police custody of African-American George Floyd.\n\nDozens of cities imposed curfews, but many people ignored them, leading to stand-offs and clashes.\n\nRiot police faced off with protesters in New York, Chicago, Philadelphia and LA, firing tear gas and pepper bullets to try to disperse crowds.\n\nPolice vehicles were set on fire and shops were looted in several cities.\n\nThe country is experiencing the most widespread racial turbulence and civil unrest since the backlash to the assassination of Martin Luther King in 1968.\n\nThe outpouring of anger began last Tuesday after a video showed Mr Floyd being arrested in Minneapolis and a white police officer continuing to kneel on his neck even after he pleaded he could not breathe and fell unconscious.\n\nMore than 75 cities have seen protests, with streets only days ago deserted because of coronavirus full of demonstrators marching shoulder to shoulder. Some US officials have warned of protest-connected virus outbreaks.\n\nThe Floyd case has reignited deep-seated anger over police killings of black Americans and racism. It follows the high-profile cases of Michael Brown in Ferguson, Eric Garner in New York and others that have driven the Black Lives Matter movement.\n\nFor many, the outrage also reflects years of frustration over socio-economic inequality and discrimination, not least in Minneapolis itself, where George Floyd died.\n\n

Tens of thousands of demonstrators and activists were arrested, and hundreds hit with more serious charges by federal and local prosecutors.

\n\nBlack Lives Matters protesters in Bristol have pulled down a statue of the slave trader Edward Colston.\n\nDemonstrators attached a rope to the Grade II-listed statue on Colston Avenue on Sunday before pulling it to the ground as crowds cheered. They then jumped on it and rolled it down the street before pushing it into Bristol Harbour.\n\nThe historian David Olusoga compared the action to the toppling of the statue of Saddam Hussein in Iraq. However, the home secretary, Priti Patel, urged the police to respond. She told Sky News: “I think that is utterly disgraceful and that speaks to the acts of public disorder that have actually now become a distraction from the cause in which people are protesting about.”\n\nSupt Andy Bennett, of Somerset and Avon police, said his force was carrying out an investigation into criminal damage.\n\nHowever, Bennett told the BBC he understood that Colston was “a historical figure that’s caused the black community quite a lot of angst over the last couple of years”, adding: “Whilst I am disappointed that people would damage one of our statues, I do understand why it’s happened, it’s very symbolic. \n\n“You might wonder why we didn’t intervene and why we just allowed people to put it in the docks – we made a very tactical decision, to stop people from doing the act may have caused further disorder and we decided the safest thing to do, in terms of our policing tactics, was to allow it to take place.”\n\n

Black Lives Matters protesters in Bristol pulled down a statue of the slave trader Edward Colston.

Americans had a deep-seated anger over police killings of black Americans and racism.

\nOnce hailed as one of the most livable U.S. cities, Portland, Oregon, is grappling with an uncertain future as it reaches a stunning benchmark: 100 consecutive nights of racial injustice protests marred by vandalism, chaos — and the killing of a supporter of President Donald Trump.\n\nThe demonstrations that started in late May after the police killing of George Floyd in Minneapolis have divided residents and embarrassed the city’s beleaguered Democratic mayor.\n\nThey have also transformed Oregon’s largest city into a centerpiece of Trump’s “law and order” re-election campaign theme, even as activists slam the police for aggressive tactics.\n\nThe slaying of the right-wing Trump supporter gunned down after he came downtown last weekend with a pro-Trump caravan of pickup trucks pushed the crisis further toward a breaking point. The prime suspect in the shooting, self-described anti-fascist Michael Forest Reinoehl, was killed Thursday night by law enforcement.\n\nAmid the turbulence, Portland now finds itself as a proxy for the culture wars sweeping the nation.\n\nThe exact date of the 100-day milestone depends on how the protests are counted, but everyone agrees the benchmark falls over the Labor Day weekend. Black Lives Matter protests, vigils and speeches marking the occasion are planned over three days and Trump supporters are planning another caravan rally.\n\nThe events come after officials in suburban counties refused a call from Gov. Kate Brown, a Democrat, for their deputies to assist Portland police following last weekend’s violence.\n\n

The prime suspect in the shooting in Portland was killed Thursday night by law enforcement.

Americans are frustrated over socio-economic inequality and discrimination for years.


\nEmmanuel Macron has announced he wants to see Notre Dame cathedral rebuilt “more beautiful than before” within five years, but there are warnings that the repairs could take decades and will involve substantial challenges.\n\nThe main problems include the sourcing of materials and painstaking work to preserve elements of the church that have survived the fire but might have been badly damaged by it, experts have warned.\n\nEric Fischer, who heads a foundation restoring the 1,000-year-old Strasbourg Cathedral that recently underwent a three-year facelift, said he thought rebuilding Notre Dame would probably take several decades.\n\n“The damage will be significant,” Fischer said.\n\nAudrey Azoulay, director-general of Unesco, the UN’ cultural organisation, said restoring Notre Dame “will last a long time and cost a lot of money”.\n\nDonations have poured in from around the world for the restoration efforts, with more than €800m (£692m) pledged as French tycoons and global corporations announced they would donate.\n\n“The fire at Notre Dame reminds us that our history never stops and we will always have challenges to overcome,” Macron said on Tuesday night. “We will rebuild Notre Dame, more beautiful than before – and I want it done in the next five years. We can do it. After the time of testing comes a time of reflection and then of action.”\n\nFrench authorities revealed on Tuesday that the cathedral was within “15 to 30 minutes” of complete destruction as firefighters battled to stop flames reaching its gothic bell towers.\n\n

Emmanuel Macron vowing to raise funds worldwide.

Notre Dame Cathedral, one of the world\'s most famous churches, erupted in flames Monday in Paris, losing its spire but remaining otherwise largely intact after firefighters worked through the night to contain the fire.\n\nThe commander of the Paris firefighter brigade, Jean-Claude Gallet, said Monday night that the cathedral\'s main structure and two towers of the cathedral had been saved. Firefighters said they had contained the flames by early morning local time, and the fire was entirely out by midmorning, Gallet confirmed to NPR.\n\n\nFlames leaped through the roof and dark smoke billowed into the sky on Monday afternoon. Observers gasped as the spire fell. The roof collapsed shortly afterward.\n\n"Pray," Archbishop of Paris Michel Aupetit wrote. "If you wish, you can ring the bells of your churches to invite prayer."\n\nAs night fell on Paris and the fire continued to burn, people knelt and sang "Ave Maria" as they watched the blaze.\n\nOnly one firefighter was reported to be seriously injured.\n\nPresident Emmanuel Macron said, "Notre Dame is our history, our literature, part of our psyche" and pledged that the iconic cathedral will be rebuilt.\n\n"Let\'s be proud, because we built this cathedral more than 800 years ago, we\'ve built it and, throughout the centuries, let it grow and improved it. So I solemnly say tonight: We will rebuild it together."\nThe fire broke out during Holy Week for the world\'s Roman Catholics. At least four Masses a day take place at the cathedral.

Firefighters had contained the flames by early morning local time, and the fire was entirely out by midmorning

A fire that devastated Notre Dame Cathedral in the heart of Paris was brought under control by firefighters in the early hours of Tuesday morning, though officials warned there were still residual fires to put out.\n\nThousands of Parisians watched in horror from behind police cordons as a ferocious blaze devastated Notre Dame Cathedral on Monday night, destroying its spire and a large part of the roof.\n\nAn investigation has been opened by the prosecutor’s office, but police said it began accidentally and may be linked to building work at the cathedral. The 850-year-old gothic masterpiece had been undergoing restoration work.\n\nThe French president, Emmanuel Macron, attended the scene and later gave a speech in which he vowed that the cathedral would be rebuilt, as fire crews said the landmark’s rectangular bell towers and structure of the building had been saved.\nMacron said “the worst had been avoided” thanks to hundreds of brave firefighters who battled for hours and who would continue working through the night. One firefighter was severely injured but no other casualties were reported.\n\n“What happened tonight in Paris, in this cathedral, is a terrible event,” the president said, vowing to raise funds worldwide and bring the best talents from around the world to reconstruct the building in its entirety.\n\n“Notre Dame is our history, our literature, part of our psyche, the place of all our great events, our epidemics, our wars, our liberations, the epicentre of our lives ... So I solemnly say tonight: we will rebuild it together.”

Firefighters battle for hours, one severely injured, no other casualties

At 6:20 p.m. local time (12 p.m. ET) on Monday, a fire alarm rang out, interrupting mass. Security guards started to evacuate the cathedral even though they did not see any sign of a fire, a spokesman for the Paris fire brigade told CNN.\nFrançois-Xavier Lochet, a 70-year-old worshiper, said the congregation had just begun the Universal Prayer when the siren sounded. He said visitors were ushered out but those gathered for mass remained in place. Lochet said mass continued until a police officer went up and told the priest: “This is no joke. You’ve got to get out.”\nTwenty-three minutes later, at 6:43 p.m. (12:43 p.m. ET), a second alarm blared and the fire was visible at that point, the fire department said.\nAround 400 firefighters were deployed to the scene but were delayed slightly by rush hour traffic.\nPolice in Paris confirmed a fire had taken hold at Notre Dame and asked the public to avoid the area in a tweet sent at 7:20 p.m. (1:20 p.m. ET). A minute later, Paris Mayor Anne Hidalgo posted a tweet saying “a terrible fire is underway” with photographs taken outside the church: one of smoke billowing from near the spire and over the towers, and a second showing the fire department responders working at the scene.\n\nShortly before 8 p.m. (2 p.m. ET), the cathedral’s famed spire burned to a blackened shell before finally toppling, as thousands of Parisians who had gathered in the streets watched in horror.

Emmanuel Macron announces an ambition for Notre Dame to be rebuilt within five years.


After months of waffling, lawsuits, verbal mudslinging, and the near miss of a full-blown trial, Elon Musk now owns Twitter.\n\nOn Thursday night, Mr. Musk closed his $44 billion deal to buy the social media service, said three people with knowledge of the situation. He also began cleaning the house, with at least four top Twitter executives — including the chief executive and chief financial officer — getting fired on Thursday. Mr. Musk had arrived at Twitter’s San Francisco headquarters on Wednesday and met with engineers and ad executives.\n\nThe closing of the deal, which followed months of drama and legal challenges as Mr. Musk changed his mind about buying the company, sets Twitter on an uncertain course. Mr. Musk, a self-described “free speech absolutist,” has said that he wants to make the social media platform a more freewheeling place for all types of commentary and that he would “reverse the permanent ban” of former President Donald J. Trump from the service. Mr. Musk’s open approach to speech on Twitter could exacerbate long-simmering issues of toxic content and misinformation, affecting political debates around the world. Early tests will come within days, when Brazil elects its president and American voters go to the polls on Nov. 8 for the midterm elections. Twitter said it would prohibit misleading claims about voting and the outcome of elections, but that was before Mr. Musk owned it.

Twitter reinstates banned user accounts.

Elon Musk, Twitter’s most important shitposter, has added the company to his business empire after months of legal skirmishes, according to CNBC, The Washington Post, and Insider. The acquisition was confirmed in an SEC filing from the company on Friday morning, noting it’s delisting $TWTR from the New York Stock Exchange. He celebrated by firing executives. Musk fired Parag Agrawal, who succeeded Jack Dorsey as Twitter CEO, and chief financial officer Ned Segal, both of who were in the building at the time and escorted out by security, according to Reuters. Vijaya Gadde, the company’s policy chief whom Musk had publicly criticized, was also ousted. Sean Edgett, the general counsel, is gone, too, The New York Times reports. (Bloomberg says security escorted him out, as well.) Chief customer officer Sarah Personette was not among the executives fired but announced she resigned on October 28th with a tweet thread posted the following Tuesday. In it, she mentions, “I do believe the new administration understands the importance of holding up the standards of GARM.”\nThe execs were in line for handsome payouts for their trouble, Insider reports: Agrawal $38.7 million, Segal $25.4 million, Gadde $12.5 million, and Personette, who tweeted yesterday about how excited she was for Musk’s takeover, $11.2 million. However, a subsequent report from The Information indicated Musk has said they’re fired “for cause” in an attempt to block them from receiving those payouts. It’s unclear what this may mean for Personette.

Twitter acquisition was confirmed in an SEC filing.

Elon Musk, who acquired Twitter late last month, has already made dramatic changes: firing top executives, laying off half of the company's staff and forming a content moderation council that will review account reinstatements.\n\nHowever, the most consequential policy shift may be a revamp of the site's signature blue check marks, which signal that an account holder has been verified as the person he or she purports to be.\n\nTwitter announced on Saturday a new version of its subscription service, Twitter Blue, that will allow users to access verification if they pay a monthly fee of $8.\n\nThe plan stoked immediate controversy. Some applauded the move as an effort to make verification more inclusive and wean Twitter off a dependence on advertising revenue. While critics slammed the decision as a setback for the policing of hateful and fake content that could drive away users and advertisers alike.\n\nTwitter did not immediately respond to ABC News' request for comment on the subscription plan.\nHere's what you need to know about Twitter's new verification plan, and the criticism that followed its announcement.\n\nUnder Twitter's new subscription service, users will gain access to account verification for a monthly fee of $8, which amounts to $96 per year.\n\nPreviously, the company verified celebrities, politicians, journalists and prominent figures on a case-by-case basis in an effort to prevent impersonation.\n\nThe service will not require subscribers to provide ID that confirms the identity purported on their account, which marks a departure from a previous mandate of government-issued identification, the New York Times reported.

Twitter announced a new subscription service, Twitter Blue.

Twitter has begun laying off sizable chunks of the company, the first major move by Elon Musk since his acquisition of the company was completed last week.\n\nTwitter told employees in an email sent Thursday evening and seen by NBC News that the company would notify staffers by email about their employment.\n\n“We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward,” the email said.\n\nThe firings immediately prompted a class action lawsuit against Twitter for allegedly failing to give a 60-day warning of mass layoffs.\n\nIt had been widely reported that Musk planned to slash the company\'s 7,500-person payroll after he finalized his $44 billion acquisition late last week. He immediately dismissed CEO Parag Agrawal, as well as Twitter’s chief financial officer and its head of legal, public policy and trust and safety upon taking over the company.\n\nA Twitter employee said Thursday\'s email was the first communication staff members had received from Twitter since the acquisition Oct. 27.\n\n"It\'s total chaos, house melting down, everyone looking towards this email," the employee said.\n\nAccording to the email from Twitter, staff members will get notices either through their company email accounts — if they still have jobs — or their personal email accounts if their "employment is impacted."\n\nWorries about layoffs began to emerge before the buyout transaction was complete, but Twitter\'s general counsel urged employees not to dwell on rumors before Musk took ownership.

Lawsuits filed against Twitter for allegedly failing to give 60-day warning of mass layoffs


\n\nEthereum’s much-hyped and somewhat controversial “London” hard fork has just activated.\n\nSo far, news of the successful upgrade has coincided with a runup in the price of ether, the native token of ethereum’s blockchain. The cryptocurrency is at $2,620, up 3.9% in the last 24 hours.\n\nA big part of the enthusiasm has to do with the fact that the software upgrade means a few big — and necessary — changes are coming to the code underpinning the world’s second-biggest cryptocurrency. \n\nIt has always been a tough go for ethereum users. The blockchain has a long-standing problem with scaling, and its highly unpredictable and sometimes exorbitant transaction fees can annoy even its biggest fans.\n\nThe problem has become worse in recent months thanks to a surge in interest in nonfungible tokens, which are mostly built on ethereum’s blockchain, as well as an explosive growth in the world of decentralized finance, or DeFi, which also largely uses the ethereum blockchain.\n\nThursday’s changes to the code, which has little to do with the city of London, are designed to fix many of these issues by destroying or “burning” ether coins and changing the way transaction fees work so that they are more predictable. \n\n

Ether price broke out from $1,971 to a new record high of $4,362 on May 11.

NFTs are mostly built on Ethereum's blockchain.

\n\nA recent run-up in Ether prices against its top rival, Bitcoin, appears to be at the risk of exhaustion, even as analysts see the second-largest cryptocurrency as the stronger of the two.\n\nThe ETH/BTC exchange rate has risen by up to 40.19% after bottoming out at 0.0553 BTC on May 23. The powerful rebound move reflected a spike in the capital flow from the spot ETH to spot BTC market. That also led analysts at Delphi Digital, an independent market research firm, to highlight Ether\'s "formidable strength" in the Bitcoin-quoted markets. They wrote:\n\n"If you look at the YTD ETH/BTC chart in isolation, you probably wouldn’t guess fear in the crypto market is the highest it’s been in a year."\nBut a closer look into the ETH/BTC chart returns evidence that bullish traders might be heading into a bull trap.\n\nETH/BTC formed a pattern that began wide at the bottom and contracted as the price moved higher. As a result, the trading range narrowed. Meanwhile, the volumes declined as the prices rose and the contracting pattern evolved.\n\nClassic chartists refer to the structure as a rising wedge. They interpret it as a traditional bearish reversal pattern, primarily because of the loss of the upside momentum on each successive high formation.\n\nRising wedges mature as the asset reaches the level where its two trendlines converge. Nevertheless, bearish confirmations do not come until the price breaks below the wedge support in a convincing fashion.

\n\nIn this article, BeInCrypto takes a look at previous bitcoin (BTC) and Ethereum (ETH) price movement cycles. The purpose is to try and determine if there is a significant difference in volatility between the two.\n\n While the 2017-2020 movements have been relatively similar, ETH has increased at a much faster rate in 2021.\n\nBetween 2017 and 2020, the movement has been relatively similar for both assets.\n\nMeasuring from the all-time high of early 2018, BTC corrected for a 363 day period, losing 84% of its value in the process. On the other hand, ETH corrected for 336 days, losing 94% of its value. Therefore, while the ETH correction was sharper and lasted for a shorter period of time, there was not a pronounced difference between the two.\n\nFollowing this, BTC increased by 330% in 191 days, while ETH moved upwards by 290% in 197 days. This somewhat made up for the difference from the sharper ETH fall preceding this upward movement.\n\nFinally, BTC decreased by 71.50% in 261 days leading up to the March 2020 bottom, while ETH decreased by 66.50% in 259 days, with very similar rates of decrease.\n\nUnlike the 2017-2020 period, there is a significant difference in the movement of both assets in 2021.\n\nMeasuring from the March 2020 bottom, BTC increased by 1,520% in 398 days. While this is a formidable rate of increase, ETH more than doubled it by increasing 3,620% in 430 days.\n\n

The 2017-2020 movements have been relatively similar between Ethereum and bitcoin prices.

ETH/BTC formed a pattern known as a rising wedge, which is a traditional bearish reversal pattern.


Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon.\n\nThe Chinese behemoth said it was testing an artificial intelligence-powered chatbot internally. It did not share details of when it would launch or what the application would be called.\n\n“Frontier innovations such as large language models and generative AI have been our [focus] areas since the formation of DAMO in 2017,” an Alibaba (BABA) spokesperson told CNN in a Thursday statement, referring to an acronym for the company’s research arm that focuses on machine intelligence, data computing and robotics.\n\n“As a technology leader, we will continue to invest in turning cutting-edge innovations into value-added applications for our customers as well as their end-users.”\n\nAlibaba’s Hong Kong-listed shares ticked up 1.4% on Thursday morning.\n\nCompanies around the world are racing to develop and release their own versions of ChatGPT, the application that allows users to automatically write essays or pass tests.\n\nThe tool is built on a large language model, which is trained on vast troves of data online in order to generate compelling responses to user prompts. Experts have long warned that these tools have the potential to spread inaccurate information.\n\nThis week, Google (GOOGL) and Chinese search engine giant Baidu (BIDU) both unveiled plans to launch similar services of their own.\n\nGoogle’s tool, named “Bard,” will roll out to the public in the coming weeks, while Baidu’s bot, called “Wenxin Yiyan” in Chinese or “ERNIE Bot” in English, will launch in March.

Alibaba announces plans to launch its own ChatGPT-style tool.

Google announced plans Monday to publicly launch its highly anticipated chatbot, which will be integrated with its marquee search engine as Big Tech companies race to deliver artificial intelligence products to the public after Open AI’s ChatGPT captivated millions.\n\nCEO Sundar Pichai said in a blog post it will unveil its chatbot—called Bard—to the public “in the coming weeks.”\n\nOne of its primary features will be providing snippets of information in response to searches that have no obvious answer, such as the question, “is the piano or guitar easier to learn, and how much practice does each need?”\n\nGoogle—through its parent company, Alphabet—has spent more money than any other business on artificial intelligence, putting more than $31 billion toward research and development in 2021, according to the Wall Street Journal.\n\n“Soon, you’ll see AI-powered features in Search that distill complex information and multiple perspectives into easy-to-digest formats, so you can quickly understand the big picture,” Pichai said.\n\nThe race is on for tech companies to roll out chatbots following the immense accomplishments of ChatGPT, which has attracted some 100 million monthly average users since it publicly launched at the end of November. Investors have been hungry to latch onto the chatbot hype, with BuzzFeed’s stock more than doubling in a single trading day last month after the company said it would start using ChatGPT to create content.

Alphabet has invested over $31 billion in AI R&D in 2021.