U.S. News
Microsoft AI exec tells developers to default to OpenAI’s top model as part of efficiency push
Microsoft is taking advantage of its intellectual property rights with OpenAI, encouraging employees to use the company’s top model.
Google’s AI reshuffle: Chief scientist Jeff Dean exits and Demis Hassabis steps down as DeepMind CEO
Google’s AI divisions are getting reshuffled, the search giant announced on Wednesday.
Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challenges
The upstart salad chain aimed to take on Sweetgreen and expanded rapidly under the ownership of Volt Investment.
Kids Online Safety Act social media safety bill advances in Senate
The Kids Online Safety Act, a measure aimed at protecting children on social media, advanced to the Senate floor after it stalled in the last Congress.
Amazon’s Zoox to launch paid robotaxi service in Las Vegas on Aug. 10
It’s the company’s first commercial market after Zoox started offering free rides to the public in parts of Las Vegas and San Francisco less than a year ago.
Uber stock sinks 7% after weak guidance despite revenue growth
Uber’s earnings were in line with estimates, but the company’s guidance for the third quarter trailed expectations.
Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
CVS blows past estimates, hikes guidance as insurance unit continues to improve
CVS also announced a new collaboration with Eli Lilly that will make Zepbound and Foundayo accessible to eligible patients on the CVS Health app.
Trump’s deportation agenda raised prices, contracted local economies, immigration group says
A report released Wednesday by the immigration advocacy group America’s Voice argues President Trump’s immigration policies are hurting the economy.
Pinterest shares fall on lukewarm sales guidance
Pinterest reported better-than-expected earnings and revenue for the second quarter, though its forecast was online in line with estimates.
Lucid stock plunges as EV maker begins ‘operational reset,’ delays midsize vehicle
The company didn’t provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.
Rep. Max Miller calls for his own ethics investigation amid domestic violence allegations
Rep. Max Miller, R-Ohio, asked the House Ethics Committee to investigate him amid allegations of domestic violence.
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