Y Combinator plans to return to in-person Demo Day events by the end of this year. CEO Garry Tan announced that the fall cohort Demo Day will occur on December 4 and will feature an in-person element. These events allow startups to pitch to investors and the technology ecosystem. In-person attendance will be limited to investors who have contributed at least $50,000 to Y Combinator companies in the past two years. This transition to in-person format follows a trend of resuming events after the COVID-19 pandemic. Y Combinator has fostered startup establishment in the Bay Area and increased its annual cohort offerings to four, with a fall program starting on September 29 and a spring program launching in 2025.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

A new AI model emerges, aiming to transform interactions with technology. Researchers develop the model using advanced algorithms to enhance user experience. The model allows for more intuitive communication between humans and machines. It integrates natural language processing and machine learning to understand user intent. Businesses anticipate the model's implementation will improve customer engagement and streamline operations. Experts highlight potential applications across various sectors, including healthcare, finance, and customer service. The development raises discussions on ethical considerations related to AI technology and user data privacy. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Trading on Wall Street showed mixed results before the opening bell on September 25, 2024, with futures for the S&P 500 and the Dow Jones Industrial Average remaining stable. KB Home experienced a decline of over 6% in premarket trading after failing to meet profit expectations amid softened demand. SAP dropped 2.3% due to an investigation by the U.S. Department of Justice regarding pricing practices. Stitch Fix witnessed a significant 25% decline after reporting a larger-than-expected quarterly loss. Global markets initially rose following measures from Beijing to revive the housing market but later saw downturns, particularly in Germany and France. In Asia, mixed outcomes were recorded with the Hang Seng and Shanghai Composite indices rising, while the Nikkei and Kospi fell. The Federal Reserve's interest rate adjustments influenced market dynamics, alongside a report indicating concerns among U.S. households about the job market and reduced confidence levels. Oil prices dipped, while the dollar strengthened against the yen and the euro. U.S. stocks reached new records, with the S&P 500, Dow Jones, and Nasdaq all posting gains.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Corporate venture capital investments have decreased over the past two years, with U.S.-based corporate investors involved in only 1,385 deals by mid-2024, maintaining last year's pace but significantly lower than in 2022. Despite prominent funding rounds, including Alphabet's $5 billion in Waymo and Disney's $1.5 billion in Epic Games, the overall deal flow remains low. Early-stage funding has seen 489 deals this year, down from over 700, while later-stage funding reflects a decrease from 270 in 2023 to 190 deals. Google Ventures leads in deal counts with 46 rounds, followed by Coinbase Ventures at 30, Samsung Next at 27, Salesforce Ventures tied at 26, and Nvidia at 21 rounds. A growing portion of U.S. startup funding is sourced from rounds backed by corporate investors, yet total deal numbers and investment capital are contracting, indicating that high-profile deals do not equate to increased corporate engagement. Data was collected as of September 13, 2024, focusing on corporate venture capital transactions to detail investment trends.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve implemented a half-point cut to its key interest rate, indicating progress in controlling inflation after three years of challenges. Inflation has decreased steadily over the past two years and approaches the Fed's target of 2%. Although some consumer prices, such as used cars and groceries, have dropped, many Americans still express dissatisfaction with the economy. Former President Donald Trump and other political figures attribute inflation issues to current administration policies, while public opinion remains divided on economic management between Trump and Vice President Kamala Harris. Surveys show improving consumer sentiment, with median household incomes now rising faster than inflation for the first time since the pandemic. Rent increases have stabilized, contributing to a sense of relief for some. Economic outlooks suggest potential for further interest rate cuts if favorable trends in inflation persist.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Three Mile Island nuclear power plant plans to reopen by 2028, after being closed since 2019. The facility aims to supply power to Microsoft's data centers to support the company's AI and cloud computing projects. Constellation Energy, the plant's owner, signed a 20-year agreement with Microsoft for energy procurement. The $1.6 billion investment will modernize the plant and obtain required permits, generating 3,400 jobs and contributing $16 billion to Pennsylvania's economy. Some officials support the reopening, while local residents express concerns over nuclear waste management. The Department of Energy’s Office of Nuclear Energy highlights the importance of nuclear energy in addressing climate change and meeting energy needs. The plant previously experienced a significant incident in 1979, which led to heightened regulatory oversight but did not cause lasting health effects.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

French startup Jump raised approximately $12 million in a Series A funding round led by Breega, with contributions from Index Ventures and Raise Ventures. Jump provides full-time contracts to freelancers, allowing them to achieve stability and benefits similar to full-time employees while maintaining independence. Freelancers can work with multiple clients and negotiate contracts directly. Jump’s platform facilitates client billing and payslip generation, aiding income management. A permanent contract grants freelancers benefits including national healthcare registration and pension contributions. Additional offerings include health insurance, meal vouchers, and employee savings schemes. The service costs €99 per month, with deductions from freelancer pay. Currently, around 2,000 freelancers use Jump's platform. The startup aims to expand to the British market, targeting freelancers in the U.K.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

AI has the potential to impact global productivity and the economy significantly. Google CEO Sundar Pichai identified four key areas for AI advancement. First, AI can enhance workplace productivity, with an estimated 1.4 percentage point increase in global labor productivity over the next decade. Second, AI can create new markets and industries, leading to job growth and economic shifts. Third, AI can improve global communication by breaking language barriers, facilitating collaboration among international teams. Lastly, AI has the potential to address global challenges, such as climate change and healthcare, by analyzing complex data and developing solutions.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve cut its key interest rate by half a point, indicating confidence in managing inflation. Many Americans still face economic challenges despite this action. Inflation, which spiked to a four-decade high two years ago, has been declining and is approaching the Fed's target of 2%. Despite lower inflation rates, consumers report that the prices of essential goods remain high. Recent surveys reveal political divisions regarding economic views, influenced by criticisms from former President Donald Trump about the current administration's policies. Fed Chair Jerome Powell projected inflation to decrease to 2.2% for August, while acknowledging that high prices still impact consumers. Consumer sentiment shows some improvement, as grocery prices have risen modestly and gas prices have decreased. Median household income is growing faster than inflation, easing financial pressures for some families. Overall, signs indicate potential stabilization in consumer perceptions of the economy, with Fed officials suggesting inflation may drop below the central bank's target.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The topic addresses the concept of being a founder in today's business environment. It examines the changing landscape of entrepreneurship and the evolving roles and responsibilities of founders. The discussion emphasizes the importance of adapting to new challenges and the need for founders to embrace different skill sets, such as collaboration and innovation. It highlights the impact of technology and social dynamics on the startup ecosystem. The focus turns to the necessity for founders to reevaluate traditional notions of leadership and management in order to succeed in a rapidly changing world.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

The Biden administration awards over $3 billion to U.S. companies to enhance domestic electric vehicle battery production and reduce dependency on China. This funding supports 25 projects across 14 states, including Michigan, North Carolina, Texas, and Ohio. This initiative is part of a broader strategy to strengthen the U.S. supply chain for electric vehicles and critical battery materials. The recent round of grants follows an initial allocation of $1.8 billion for 14 projects. The funding aims to boost electric vehicle production and sales as part of the climate change strategy and U.S. manufacturing revival. Companies receiving grants focus on processing lithium and manufacturing battery components. The funding initiative represents nearly $35 billion invested in domestic critical minerals and battery supply chains since 2021. The U.S. responds to China's monopoly in critical mineral processing and implements measures to counter unfair trade practices. The new awards are expected to create approximately 8,000 construction jobs and over 4,000 permanent positions. Grant recipients must match the awards on a 50-50 basis, starting with investments of $50 million. This federal investment aims to significantly impact the U.S. battery manufacturing sector and advance clean energy storage technologies. Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Craig Newmark, founder of Craigslist, pledged $100 million for U.S. cybersecurity initiatives. This commitment contributes to a total of $400 million donated since 2015, focusing on military families, veterans, journalism, and pigeon rescue. Over 20% of the new pledge supports various cybersecurity organizations. Common Sense Media received $2 million for a cybersecurity awareness campaign. In 2020, Newmark's net worth was $1.3 billion, and he committed in December 2022 to donate most of his wealth to charity, inspired by the Jewish concept of tikkun olam. His strategy allows individuals flexibility in using resources without imposed targets. Currently, he has $88 million remaining from the latest pledge, with funding applications open on his foundation’s website.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Interest rate cuts may occur in upcoming Federal Reserve meetings. These cuts can lower borrowing costs but will take time for consumers to notice. Credit card rates, typically variable, may adjust quickly, although consumers will still incur charges based on previous rates until their balances decrease. Car loans, mostly fixed-rate, will not show immediate changes unless borrowers refinance or take out new loans. Mortgages may experience delayed adjustments, with fixed-rate homeowners seeing no changes. New buyers might benefit from rate adjustments as lenders revise their rates.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve has cut its benchmark interest rate by half a point, reducing it to approximately 4.8% from a high of 5.3%. This decision follows a period of elevated rates that aimed to control inflation, which has declined from a peak of 9.1% in mid-2022 to 2.5% as of August 2024. The Fed's focus has shifted to supporting the job market showing signs of slowing. Chair Jerome Powell indicated potential further rate cuts into 2025, emphasizing the goal of reducing borrowing costs for consumers. The Fed maintains its independence from political pressures and aims to stabilize jobs and prices. Economists warn that while inflation may decrease, unemployment rates might rise, impacting the workforce. The recent rate cut marks a change in the Fed's approach to inflation management.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Seven independent directors of 23andMe have resigned, leaving CEO Anne Wojcicki as the sole board member. The resignations follow a proposed $30 million settlement for a data breach lawsuit and a lack of financing in Wojcicki's plan to take the company private. Notable director Neal Mohan and others cited a strategic disconnect and a conflicting vision for the company, prompting their resignation. Wojcicki, co-founder of 23andMe, retains 49% of the voting power and had previously sought to buy remaining shares at 40 cents, a proposal rejected by a special committee. Wojcicki plans to search for new directors and asserts that going private could enhance long-term success. Following a significant decrease in stock value from $6 billion in 2021 to 34 cents per share, the company is at risk of delisting if its stock does not surpass $1 by November 4. The data breach affected nearly 7 million accounts and led to a class action lawsuit. 23andMe provides ancestry and health predisposition kits, along with involvement in drug development.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

AI characters gain popularity on social media platforms. Users interact with digital personas created by artificial intelligence. These AI characters provide entertainment and engage audiences through various forms of content. Companies utilize AI characters for marketing purposes to attract followers and enhance brand visibility. Concerns arise regarding authenticity and the ethical implications of AI-generated content. Experts examine the impact of AI characters on user behavior and digital culture. The phenomenon highlights both opportunities and challenges for content creators and consumers.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Ursa Major secured a $12.5 million contract from the U.S. Navy for the development of 3D-printed solid-fuel rocket engines, bringing the total investment to $25 million. This funding marks the first publicly announced allocation from the Department of Defense's Office of Strategic Capital since its inception in 2022. The startup aims to address limitations in the defense sector's capacity to manufacture solid rocket motors amidst ongoing conflicts. Ursa Major's 3D printing technology facilitates the production of rocket motors in less than a month, significantly faster than traditional methods that can take over a year. Founded in 2015, Ursa Major has previously engaged with government projects, including a contract for hypersonic launch engine development with the U.S. Air Force Research Laboratory.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve plans to cut its benchmark interest rate for the first time in over four years, aiming to reduce borrowing costs for consumers and businesses as the presidential election approaches. Speculation surrounds the cut's size, with traders estimating either a half-point or a quarter-point reduction. The Fed's focus shifts to supporting a weakening job market while managing inflation, which currently stabilizes at 2.5%, above the target of 2%. A half-point cut could signal commitment to economic growth and lead to additional reductions through 2025. Rate cuts will lower costs for mortgages, auto loans, and business lending, potentially stimulating spending and refinancing options. Chair Jerome Powell highlights the decline in inflation from 9.1% in June 2022 to its current level. While the job market remains strong, the unemployment rate increased to 4.2% due mainly to more individuals entering the labor force. Analysts debate the right pace for rate cuts, suggesting a "neutral" rate between 3% and 3.5%. As the Fed signals rate cuts, borrowing rates, including the average 30-year mortgage rate, have begun to decrease.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Fisker faces challenges as it continues Chapter 11 bankruptcy proceedings. Owners of the Fisker Ocean must pay labor costs for two of five vehicle recalls. Three recalls can resolve through over-the-air software updates without cost. The remaining recalls involve faulty door handles and the need for electric water pump replacements. Fisker will cover parts costs, but owners must pay for inspections and repairs at authorized centers. A list of service providers will be available by September 2024. A settlement agreement has been reached among Fisker's secured lender, unsecured creditors, and other stakeholders regarding asset liquidation. A hearing in early October may approve this plan. Fisker sold most vehicle inventory to American Lease for $46.25 million and plans to liquidate additional assets valued over $1 billion to pay creditors.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Amazon will require its 1.5 million employees to work in the office five days a week starting January 2, 2024. This change ends the previous hybrid model that mandated at least three in-office days. The company will reinstate desk assignments as part of this transition. CEO Andy Jassy stated that in-office work improves collaboration and team connections. Remote work will still be permitted under specific circumstances, such as illness or emergencies. Since February 2023, employees have been returning to the office for at least three days a week. This policy change aligns with a trend among corporations like Salesforce and Walmart toward stricter in-office requirements, aiming to strengthen workplace culture and enhance performance.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Elon Musk's social media activity raises concerns about misinformation, particularly with the upcoming U.S. elections. He makes headlines with controversial posts following an attempted assassination on Donald Trump. Musk's comments lead to backlash from public officials who accuse him of spreading misinformation. His large platform facilitates the rapid dissemination of his statements, which lack substantial moderation. Musk endorses Trump's presidential bid, increasing worries about his influence on public discourse as the election approaches. Experts warn that his remarks could erode trust in election processes and potentially incite violence against election personnel. Additionally, Musk's decisions to dismantle content moderation amplify the spread of unverified claims and conspiracy theories. Reports indicate that the environment on X has shifted from reliability, prompting questions about Musk's motivations and the impacts of his statements.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The Trumps aim to enter the cryptocurrency market by launching a new NFT project. This project proposes to focus on unique digital assets representing specific themes related to the Trump brand. The Trumps plan to leverage their existing popularity and social media presence to promote the NFTs. Analysts speculate that this move could influence the broader acceptance of cryptocurrency among traditional audiences. The project aims to capture attention in a rapidly evolving digital asset landscape. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Runway launched an API to enhance access to its video-generating AI models. The API allows developers and organizations to integrate its generative AI into platforms and services. Currently in limited access, it offers the Gen-3 Alpha Turbo model and has two pricing plans: Build and Enterprise, costing one cent per credit, with five credits needed for one second of video. Users must display a “Powered by Runway” banner for visibility. Runway received backing from Salesforce, Google, and Nvidia, achieving a valuation of $1.5 billion. The company faces competition from OpenAI, Google, and Adobe, with OpenAI planning to release its own video model. Runway's API may stabilize its financial position but does not address legal concerns over its training data, which includes undisclosed sources. The generative AI landscape raises implications for intellectual property laws, with 75% of film production companies that adopted AI restructuring staffing. Job disruptions exceeding 100,000 in the U.S. entertainment industry may occur by 2026.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

American consumers and business leaders anticipate an announcement from the Federal Reserve regarding interest rate cuts to affect borrowing costs. The Fed is expected to reduce its key interest rate this week as a response to high inflation being deemed under control. The potential cuts come after a period where rate hikes negatively impacted businesses, such as Marcel Painting in Arizona, which faced decreased customer inquiries and staff layoffs. Discussions center around the magnitude of the cut from the current rate of 5.3 percent, with speculation around a quarter-point or half-point reduction. Indicators show that expectations of rate decreases are already leading to lower market interest rates, including a drop in the average 30-year mortgage rate to 6.2%, the lowest in 18 months. Economists suggest that more accessible capital could stimulate business investment, though uncertainty remains about the timing and effectiveness of these cuts relative to a weakening job market. Lower interest rates may enable consumers to refinance high-cost debt and motivate homeowners to sell, potentially alleviating housing market supply issues. Some small business owners report increased activity in preparation for a recovery in the housing market, with many hiring in anticipation of growth. The Fed's upcoming actions could significantly influence consumer confidence and business investment in the near future.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Nick Frosst co-founded the AI startup Cohere, currently valued at $5.5 billion, while also leading the indie rock band Good Kid. The band, formed in 2015 at the University of Toronto, has gained 2.3 million monthly listeners on Spotify and performed at events like Lollapalooza, earning a Juno Award nomination. Good Kid released its debut single "Nomu," which led to the creation of an EP in 2018 and four additional albums. Frosst balances his commitments by practicing twice a week with the band and maintaining remote work while on tour. He links his musical experience to enhanced creativity in his AI role, and the band’s lyrics include technology-related themes.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Neobanks are reshaping the banking sector with expanding membership and revenue. Notable neobank leaders, Jason Wilk of Dave and Colin Walsh of Varo Bank, will present at TechCrunch Disrupt 2024 in San Francisco. Dave Bank has 10 million members and reported $73.7 million in revenue for the first quarter, while Varo Bank serves 7 million members with revenues of approximately $129 million. The executives will explain their growth strategies in a competitive market and provide insights into their visions for digital banking. TechCrunch Disrupt 2024 will occur from October 28 to October 30 at the Moscone Center, attracting over 10,000 industry leaders to discuss trends such as AI, SaaS, and space.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Antonio Moraes and James Wong co-founded XP Health in late 2018 to make vision care more affordable. They identified a significant markup in designer frame pricing while attending Stanford, where frames can retail for up to six hundred dollars but cost about ten dollars to produce. XP Health recently raised thirty-three point two million dollars in Series B funding to enhance its digital-first, AI-driven platform, which offers eye exams and eyewear benefits at lower costs compared to traditional vision insurance. Members can save up to sixty-nine percent on eyeglasses and often pay zero dollars for high-quality frames, lenses, and eye exams. The company uses AI-powered facial recognition to recommend eyewear based on individual preferences. XP Health has grown its customer base from thirty to over three thousand business customers and partners with insurance providers to extend vision benefits to small businesses. Unlike traditional firms, XP Health targets existing vision insurance frameworks and presents itself as a corporate benefit provider.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Aircraft assembly workers at Boeing factories in Washington initiated a strike after a proposed contract was rejected. The strike commenced at 12:01 a.m. PDT, following a vote where 94.6% of workers opposed the agreement and 96% supported the work action. Approximately 33,000 machinists will halt production of major aircraft, including the 737 Max, 777, and 767 models, though commercial flights will not be affected. Nonunion production of 787 Dreamliners in South Carolina will continue unaffected. Workers demanded a 40% pay increase over three years and the restoration of traditional pensions, while the proposed contract only offered gradual wage increases starting at an average salary of $75,608. Boeing expressed willingness to negotiate further as the strike threatens to delay aircraft deliveries and negatively impact the company’s finances. The strike's duration raises concerns over potential financial losses, reflecting the strained relationship between workers and management amidst ongoing negotiations.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Alli Webb transitioned from working in hair salons to creating a mobile blowout service, catering to clients' homes for $40 per session. She connected with potential clients through a Yahoo group, generating significant demand. To expand her operations, she and her brother, Michael Landau, secured $300,000 in funding to open the first Drybar salon in Brentwood, California, in 2010. The salon focused exclusively on wash and blowout services, quickly surpassing initial operational goals. Within a decade, Drybar grew to over 150 locations across the U.S. In 2020, Webb sold the brand's product line for $255 million and in 2021, WellBiz Brands acquired the franchise rights to Drybar salons. Webb established a successful business around her passion for hairstyling.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Rising tensions between the United Auto Workers (UAW) and Stellantis indicate potential job losses for U.S. auto workers. Concerns center on the Belvidere, Illinois assembly plant, which Stellantis initially committed to reopening but postponed indefinitely due to poor sales and market conditions. This delay jeopardizes 2,700 jobs and raises fears about the security of jobs at other plants, as Stellantis has a history of expanding production in Mexico. Ford's CEO mentioned reevaluating vehicle assembly locations due to labor disruptions. UAW leaders contemplate strikes in response to these developments. Stellantis delayed plans to resume operations at the Belvidere facility, raising skepticism about future production in the U.S. Tensions escalate as union leaders demand accountability for prior commitments, while Stellantis assesses market conditions before proceeding with any investments. Experts warn that these delays could trigger legal disputes, and the decline in sales raises concerns about further job losses.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Local news organizations increasingly adopt AI technology for reporting tasks. AI systems generate articles, analyze data, and summarize information. These AI reporters assist in producing content quickly and efficiently. Traditional journalists face challenges as AI tools expand, impacting job roles and content quality. Some regions experience a rise in AI-generated news stories, while others remain cautious about its use. Media organizations explore the balance between AI assistance and human journalism to maintain standards. The trend raises questions about credibility, ethics, and the future of local news reporting.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Demand for tech skills rises. The number of U.S. college students majoring in computer science reached 600,000 in 2023, reflecting a 40% increase over five years. Graduates encounter job challenges due to competition and evolving employer needs. A study identified key tech skills by analyzing job postings, and traditional languages like Java and C++ ranked lower than emerging fields. Key tech skills include Python and SQL, each appearing in approximately 24,000 job listings. High-demand areas also include Amazon Web Services and Azure. Robotics shows increasing investment while its broad scope presents communication challenges for specific skills. The top ten tech skills include Python, SQL, Amazon Web Services, Azure, Robotics, Java, C++, Cybersecurity, Data Analysis, and Machine Learning, with salaries varying by skill.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Attention deficit hyperactivity disorder (ADHD) affects millions of adults globally. Neurode, based in Sydney, has introduced a wearable headband to track and treat ADHD symptoms. Users wear the device for 20 minutes daily, utilizing light electrical stimulation in the prefrontal cortex, which targets symptoms like lack of focus. This stimulation has cumulative benefits over time. The device monitors brain activity changes using light.Neurode's co-founder, Nathalie Gouailhardou, who has ADHD, developed the concept while working with brain imaging technology. The company, founded in 2021, has raised $3.5 million in pre-seed funding for clinical trials and is currently in private beta. While seeking FDA approval, there is no set timeline for this process. Neurode aims to enhance home usability and accessibility in the ADHD treatment landscape and may later expand its applications to other conditions, such as cognitive decline and depression.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

U.S. inflation reached a three-year low, with a year-over-year increase of 2.5% in August, the lowest since February 2021. Consumer prices rose by 0.2% from July to August, while core prices increased by 3.2% over the past year. The Federal Reserve is likely to implement a modest quarter-point interest rate cut to stimulate economic growth and support the job market. The decrease in inflation aligns with political discussions, as former President Donald Trump targets Vice President Kamala Harris for rising prices, while Harris pushes for housing subsidies. Gas prices fell by about 10 cents in August, averaging $3.29 per gallon, aiding in the lower inflation rate. Grocery prices and rent are projected to rise at a slower pace, despite food costs still being about 20% higher than pre-pandemic levels. Wage growth for Americans stands at an average of 3.5% annually, which has eased inflationary pressures, but increased reliance on debt has led to growing concerns about consumer spending and potential job cuts.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

SpaceX launched the Polaris Dawn mission on September 10, 2024, marking a milestone in civilian space exploration. The mission's crew includes Jared Isaacman, Scott Poteet, Anna Menon, and Sarah Gillis, who lifted off from the Kennedy Space Center at 5:24 a.m. ET. They plan to reach an altitude of 870 miles, the highest since 1972, before entering a lower orbit at 435 miles. The crew will wear new SpaceX spacesuits designed for improved mobility and features. On the third day, Isaacman and Gillis will attempt the first privately funded spacewalk. The mission will conduct around 40 experiments regarding radiation's effects on health, in partnership with 20 institutions, and aims to advance spacesuit technology for future lunar and Martian endeavors.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Apple lost a tax battle in Europe, specifically regarding a decision from the European Union. The EU ruled that Apple must pay $14.8 billion in back taxes to Ireland, reversing its previous tax arrangements. The ruling stems from issues related to state aid and tax policies, indicating that Apple benefited from unfair tax advantages. The case highlights ongoing scrutiny of multinational corporations and their tax practices in Europe. Apple plans to appeal the decision in European courts. This situation reflects broader discussions about corporate taxation and regulatory actions within the EU.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

German startup Formo raised $61 million to enhance production of animal-free cheese derived from Koji protein. Based in Berlin, Formo utilizes Koji, a fungal microorganism, to create climate-friendly cheese alternatives at an industrial scale, positioning itself uniquely in a market with traditional vegan options. Formo’s production process involves cultivating Koji proteins in fermentation vats, enabling them to produce nutritious cheese with protein levels comparable to dairy cheese. Their product line includes a spreadable cream cheese called Frischchain and a brie-style cheese named Camembritz, which launched in over 2,000 stores in Germany and Austria.Formo's innovative approach bypasses lengthy food approval processes by using Koji, facilitating faster market entry. The dual production strategy, starting with micro fermentation, complies easily with regulations since it does not genetically modify microorganisms. Future plans include developing gene editing to produce milk proteins without dairy cows, potentially broadening their cheese offerings. Formo aims to increase its production capacity from 100 tonnes per month to 1,000 tonnes by early 2025. The fermentation method reportedly results in significant environmental benefits, including 65% fewer emissions, 83% less land use, and 96% less water use compared to conventional cheese production, while maintaining a simple ingredient list. As Formo looks to expand into other European markets, the demand for innovative dairy replacements grows, with the global cheese market valued at over $240 billion. Formo's recent Series B funding round attracted various investors, reflecting confidence in its mission and products, and initial consumer feedback has been positive, supporting prospects for profitability and market growth.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Apple launched the iPhone 16 lineup, which includes Plus, Pro, and Pro Max models. The new phones feature AI capabilities that enhance user experience, including AI writing tools for drafting texts and emails. The design includes a Camera Control button positioned below the power button for easier photography. Visual Intelligence allows users to capture information from images of flyers and local businesses. The new chip improves battery life and performance. Pre-orders for the iPhone 16 start this Friday, with shipping beginning on September 20. The iPhone 16 Pro is priced at $999, while the Pro Max starts at $1,199. Reactions on social media vary, with some users appreciating the features and others calling the upgrades minor.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Boeing reached a contract agreement with the International Association of Machinists and Aerospace Workers that affects 33,000 workers. If ratified, the contract includes pay raises of 25% over four years and an average wage increase of 33%, although this is below the union’s request of 40%. The agreement commits Boeing to build its next aircraft in Washington state and includes one-time payments of $3,000 and reduced health care costs. Boeing also plans to contribute up to $4,160 to employees' 401(k) plans. However, the union's request to restore a defined-benefit pension plan remains unaddressed. Union members must ratify the agreement by Thursday to avoid a possible strike, which would impact Boeing’s ongoing recovery from significant financial losses. Boeing’s new CEO, Kelly Ortberg, must address $27 billion in losses since 2019 and improve aircraft delivery timelines. Analysts estimate that a strike could lead to losses exceeding $3 billion due to delayed deliveries. Boeing boasts a backlog of orders valued over $500 billion.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Elon Musk clarified that Tesla will not license AI models from xAI. Reports suggested Tesla might share revenue with xAI to enhance its Full Self-Driving (FSD) software and develop a voice assistant for vehicles and software for the humanoid robot, Optimus. Musk deemed these reports inaccurate and stated that while Tesla has benefited from discussions with xAI engineers, it does not require licensing of xAI technology. He pointed out that xAI's models are extensive and incompatible with Tesla's vehicle inference system. Musk also mentioned that xAI operates as a competitor to OpenAI. Shareholders of Tesla have raised concerns, filing lawsuits against Musk, claiming that xAI's formation could divert resources from Tesla.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

A new antitrust lawsuit targets Google, alleging monopoly control over its advertising technology. The Justice Department, alongside several states, claims Google's dominance in connecting online publishers and advertisers allows it to retain substantial transaction fees. Google counters that this viewpoint misrepresents the current online advertising landscape. The trial is set to commence in Virginia before U.S. District Judge Leonie Brinkema, known for handling significant cases. Reports indicate declining revenues for Google's advertising unit, which includes AdSense and Google Ad Manager. Witnesses from affected publishers and advertising firms are expected to testify against Google's practices, which they argue impose high fees and diminish publisher revenue. Google defends its technology, emphasizing benefits in speed and security while contending the lawsuit's narrow scope ignores competitive dynamics involving social media and mobile platforms. The proceedings will occur under strict regulations on digital device usage.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The Green Bay Packers are the only publicly-owned NFL team, valued at $6.3 billion. Their ownership model originated over 100 years ago, involving six stock offerings between 1923 and 2021. Each individual can hold up to 200,000 shares, which have fluctuated in price from $5 to around $300. Presently, there are over 538,000 shareholders owning more than 5.2 million shares. These shares provide voting rights but do not yield dividends or possess market value; shareholders can only sell back to the team at a reduced price. The Packers report their revenues and expenses annually and generated $638 million in revenue and $128 million in earnings in 2023. These earnings support player salaries, operations, and the maintenance of Lambeau Field. The team ranks as the 12th most valuable franchise in the NFL, despite being in the smallest television market.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Investors are recovering from the holiday season, with three funding rounds exceeding $100 million this week, including Safe Superintelligence's $1 billion raise, which values the AI research lab at $5 billion. Safe Superintelligence, founded by Ilya Sutskever, focuses on developing safe AI systems amid rising regulatory concerns in California. Arsenal Biosciences secured $325 million in Series C funding for cell therapies targeting solid tumors, bringing its total funding to nearly $631 million. eGenesis raised $191 million in Series D funding to advance engineered organ development, while Circle Pharma closed a $90 million Series D round for innovative therapies, totaling nearly $208 million raised. Battery technology startup 24M Technologies collected $87 million in Series H funding, and OrsoBio raised $67 million in Series B financing for obesity treatments. Cortex Applications obtained $60 million for its software developer portal, and Oyster raised $59 million in Series D funding for its human resource platform. Laravel secured $57 million in Series A financing, and Sonoma BioTherapeutics received a $45 million milestone payment from Regeneron for autoimmune disease therapies. Sakana AI led global funding with $100 million, focusing on low-cost generative AI models.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The labor market shows slight improvement as hiring increases amid economic challenges. In August, employers added 142,000 jobs, up from 89,000 in July, with the unemployment rate decreasing to 4.2%. Consumer spending contributes positively to service sector companies, while job security remains high with low layoffs. However, slower hiring rates pose challenges for job seekers. Inflation trends suggest a potential quarter-point interest rate cut from the Federal Reserve, which aims to avoid weakening the job market further. Companies report fewer job openings and increased selectivity in hiring. Uncertainty regarding the presidential election and the Fed's strategies impacts hiring decisions. Overall, current economic growth stands at a steady 3% annual rate.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

The current labor market displays high job security but presents challenges for job seekers. Job openings have significantly decreased since March 2022, while layoffs remain low. Companies exhibit caution by becoming more selective in hiring, resulting in prolonged job searches. Temporary positions have also declined, reflecting employer hesitance. Job-hopping has slowed, with only 3.3 million Americans quitting their jobs in July, down from a peak of 4.5 million in April 2022. Recent graduates face intensified competition from experienced candidates, leading to difficulties in securing interviews. Many individuals explore alternative career paths or community services for experience. Networking plays a vital role for some as they aim to re enter their desired fields.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

Verizon will acquire Frontier Communications for $20 billion to enhance its fiber network capabilities and expand into artificial intelligence and connected smart devices. Frontier has heavily invested in its fiber network, totaling $4.1 billion over the past four years, and now generates over half of its revenue from fiber products. The acquisition targets Frontier's 2.2 million fiber subscribers across 25 states, allowing Verizon to significantly expand its base beyond its current 7.4 million Fios connections. Frontier has 7.2 million fiber locations and plans to develop an additional 2.8 million by 2026. Verizon will pay $38.50 per share for Frontier, with the deal expected to close in approximately 18 months, pending shareholder approval. Following the announcement, Frontier's shares fluctuated, initially rising nearly 40% before dropping 9%. Verizon's stock saw a slight increase.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

New York implements regulations on Airbnb to address housing affordability. The city enforces stricter rules on short-term rentals. Officials aim to increase the availability of long-term rental options. The crackdown seeks to reduce the number of properties listed for short-term stays. Data shows that some neighborhoods experience a decline in short-term rentals. Experts analyze the impact of these regulations on housing costs. The outcome remains to be seen, as the city monitors changes in the rental market.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Nvidia's stock experienced a historic decline on September 3, 2024, resulting in a loss of $279 billion in market value, the largest one-day loss in U.S. history. The stock dropped over 9% during regular trading and an additional 2% in post-market hours, linked to a subpoena from the Department of Justice for an antitrust investigation. CEO Jensen Huang lost $10 billion in personal wealth due to this decline. Although Nvidia's shares saw a slight recovery of about 1% the following day, the company still holds approximately 80% of the AI chip market. Despite the setback, Nvidia reported a year-to-date increase of 118%.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.