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SEC reaches $30 million settlement with Kraken

CNN By Brian Fung, CNN The Securities and Exchange Commission has reached a $30 million settlement with the cryptocurrency platform Kraken that will force it to unwind a program offering investment returns to US users who committed their digital assets to the company. That practice, known as “staking,” reflected an unregistered offer and sale of

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Google details plans to use AI in search results

CNN By Catherine Thorbecke, CNN Google on Wednesday detailed plans to use artificial intelligence technology to radically change how people search for information online, one day after rival Microsoft announced a revamped version of Bing powered by AI. At an event in its Paris office, Prabhakar Raghavan, an SVP at Google, said the company will

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Alibaba is launching a ChatGPT rival too

CNN By Michelle Toh, CNN Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon. The 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. “Frontier

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Google unveils its ChatGPT rival

CNN By Catherine Thorbecke, CNN Google on Monday unveiled a new chatbot tool dubbed “Bard” in an apparent bid to compete with the viral success of ChatGPT. Sundar Pichai, CEO of Google and parent company Alphabet, said in a blog post that Bard will be opened up to “trusted testers” starting Monday, with plans to

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Jan. 6 Committee failed to hold social media companies to account for their role in the Capitol attack, staffers and witnesses say

CNN By Donie O’Sullivan, Audrey Ash and Zachary Cohen, CNN “There might be someone getting shot tomorrow.” That was the warning from Twitter staff at an internal meeting on Jan. 5, 2021, the eve of the deadly attack on the US Capitol. It wasn’t the only stark warning Twitter management received ahead of the insurrection,

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ChatGPT passes exams from law and business schools

CNN By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors

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ChatGPT passes exams from law and business schools

CNN By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors

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ChatGPT passes exams from law and business schools

CNN By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors

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Meta restores Trump’s Facebook and Instagram accounts

CNN By Donie O’Sullivan, CNN Donald Trump’s Facebook and Instagram accounts were restored on Thursday, allowing the former president to once again post on the social media platforms, a Meta spokesperson confirmed to CNN. As of Thursday afternoon, Trump had not yet resumed posting on the accounts. Trump’s reinstatement comes weeks after Facebook’s landmark announcement

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ChatGPT passes exams from law and business schools

CNN, TWITTER, CHATGPT By Samantha Murphy Kelly, CNN Business ChatGPT is smart enough to pass prestigious graduate-level exams — though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according

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Ticketmaster gets grilled: 6 takeaways from hearing over Taylor Swift concert fiasco

CNN By Samantha Murphy Kelly, CNN Business Lawmakers grilled a top executive of Ticketmaster’s parent company, Live Nation Entertainment, on Tuesday after the service’s inability to process orders for Taylor Swift’s upcoming tour left millions of people unable to buy tickets late last year. During the three-hour hearing, senators pressed Live Nation president and CFO

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IBM and SAP are cutting thousands of jobs

CNN, CNN BUSINESS By Michelle Toh and Hanna Ziady, CNN IBM and SAP are the latest tech companies to slash thousands of jobs, as they reorganize businesses and profits come under pressure from a slowing global economy. IBM announced the cuts Wednesday, saying they were related to the previously announced spinoff and sale of two

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Tim Cook agrees to a massive pay cut

CNN, CNN BUSINESS By Anna Cooban, CNN Apple CEO Tim Cook recommended the company cut his pay this year after shareholders rebelled. The world’s largest tech company said it would reduce Cook’s target pay package to $49 million, 40% lower than his target pay for 2022 and about half Cook’s $99.4 million total compensation that

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