OpenAI chief executive Sam Altman said he would fast-track product releases and “deliver much better models” after the release of a powerful new model by Chinese start-up DeepSeek undermined Silicon Valley’s lead in a global artificial intelligence arms race. DeepSeek’s generative AI chatbot, a direct rival to ChatGPT, is able to perform some tasks at
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<img src=”https://public.flourish.studio/visualisation/21344305/thumbnail” width=”100%” alt=”chart visualization” /> A new artificial intelligence model from Chinese firm DeepSeek led to a selloff in tech stocks, which, in turn, scared the broader market. In response, investors flocked to safe haven assets like municipal bonds and U.S. Treasuries. Muni yields fell five to seven basis points, depending on the scale,
“It is my expectation that we handle this structural deficit this year. No gimmicks. No Hail Mary passes,” San Diego Mayor Todd Gloria said.San Diego Mayor’s Office San Diego Mayor Todd Gloria stirred up controversy with an impassioned state of the city speech in which he told residents the county needs to step up efforts
“The assumption that FEMA is there protects every credit,” said Sarah Sullivant from S&P Global Ratings.S&P Global Ratings President Donald Trump signed an executive order Sunday establishing a task force to evaluate the Federal Emergency Management Agency as he floated the idea of abolishing a department that many in the municipal bond market consider key to
Enjoy complimentary access to top ideas and insights — selected by our editors. 2024 was a dynamic year for talent in the public finance industry, as the earlier departure of Citi and UBS from the municipal finance industry helped Raymond James, Morgan Stanley and HilltopSecurities strengthen their ranks. As 2025 kicks off with a few
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added. The bank and others, such as
Meta activated an urgent status to fix the problem of its AI chatbots saying Joe Biden is still the president this week, according to a report. On Thursday, Metas artificial intelligence bots across Facebook, Instagram and WhatsApp were still telling inquisitive users that the US president is Joe Biden despite Donald Trumps inauguration on Monday,
In his first days in office, President Donald Trump signed an executive order on gender that affects transgender health care. The order aims to directly limit care for trans people incarcerated in federal prisons, but the broader implications on health aren’t clear-cut. This slide presentation first appeared on KFF Health News Instagram account. If you
Automaker Kia America is recalling more than 80,000 vehicles due to floor wiring beneath the front passenger seat that can become damaged and prevent airbags and seat belts from deploying properly. Damaged wiring can also cause an unintended side curtain air bag deployment, according to documents filed with the National Highway Traffic Safety Administration. The
Billionaire Bill Gates admitted that he’s “cheerful now” but revealed that his divorce from Melinda French Gates after 27 years of marriage is the mistake I regret the most.” “The divorce thing was miserable for me and Melinda for at least two years,” Bill told The Times of London on Saturday. The Microsoft co-founder had
Use Our Content It can be republished for free. President Donald Trumps early actions on health care signal his likely intention to wipe away some Biden-era programs to lower drug costs and expand coverage under public insurance programs. The orders he issued soon after reentering the White House have policymakers, health care executives, and patient
Anti-aging fanatic Bryan Johnson is facing fierce backlash over his weird and gross post exposing data tracking his teenage sons nighttime erections. On Wednesday, the 47-year-old tech mogul posted screenshots showing data from an overnight erection-tracking machine for both himself and his 19-year-old son, Talmage. The data he posted included the number of erections, average
Use Our Content It can be republished for free. President Donald Trumps early actions on health care signal his likely intention to wipe away some Biden-era programs to lower drug costs and expand coverage under public insurance programs. The orders he issued soon after reentering the White House have policymakers, health care executives, and patient
A protest movement has exploded across Reddit following Elon Musks gesture during President Trumps inauguration, which critics claimed looked like a Nazi salute. Subreddit moderators, who run topic-focused communities across the platform, like an NBA subreddit, have been banning group members from posting links to X, Musks social media platform, to protest the tech tycoon’s
Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication Oxycontin caused a widespread opioid addiction crisis in the US, Texas attorney general Ken Paxton said Thursday. The settlement was announced nearly seven months after the US Supreme Court upended the company’s previous
Erica Hayes, 40, has not felt healthy since November 2020 when she first fell ill with covid. This story also ran on NPR. It can be republished for free. Hayes is too sick to work, so she has spent much of the last four years sitting on her beige couch, often curled up under an
The Host Julie Rovner KFF Health News @jrovner Read Julie's stories. Julie Rovner is chief Washington correspondent and host of KFF Health News weekly health policy news podcast, What the Health? A noted expert on health policy issues, Julie is the author of the critically praised reference book Health Care Politics and Policy A to
A protest movement has exploded across Reddit following Elon Musks gesture during President Trumps inauguration, which critics claimed looked like a Nazi salute. Subreddit moderators, who run topic-focused communities across the platform, like an NBA subreddit, have been banning group members from posting links to X, Musks social media platform, to protest the tech tycoon’s
American Association for Cancer Research Jan 24 2025 A therapeutic vaccine targeting human papillomavirus type 16 (HPV16) induced regression in high-grade precancerous cervical lesions, according to the results from a phase II clinical trial published in Clinical Cancer Research, a journal of the American Association for Cancer Research. Nearly all premalignant cervical lesions and cervical
German luxury car maker BMW was trolled on Thursday after its UK unit abruptly announcing that it was no longer posting on X — a move attributed by many users as a bizarre way to protest the social media site’s owner Elon Musk. Musk has faced scrutiny this week after twice extending his arm in
JPMorgan Chasesaid Thursday that long-serving CEO JamieDimon’s 2024 pay package climbed about 8.3% to $39 million after the bank posted a record profit amid a revival in dealmaking and fundraising activities. His compensation included a base salary of $1.5 million and $37.5 million in incentives. JPMorgan’sprofit roseto a record high in 2024 as its dealmakers
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