The Committee on Foreign Investment in the United States (CFIUS) has postponed its decision on Nippon Steel’s bid for United States Steel until after the presidential election. The deal, valued at $14.1 billion, has been met with resistance due to national security and supply chain concerns, raising questions about the future of the American steel industry.
California Governor Gavin Newsom has signed three bills aimed at combating the use of artificial intelligence (AI) in creating misleading images or videos for political advertising, specifically targeting deepfakes. These new laws will make it illegal to create and distribute deepfakes related to elections within a specified timeframe, and platforms like X, Facebook, Instagram, and TikTok will be required to remove deceptive content. The move comes as Congress considers similar federal legislation to address the growing concern of AI-generated misinformation.
Prominent crypto trader Michaël van de Poppe forecasts a significant bull run in the cryptocurrency market following the Federal Reserve’s upcoming rate announcement, citing strong altcoin performance and improving market sentiment.
Intel CEO Pat Gelsinger revealed a plan to cut over 15,000 jobs as part of a larger transformation strategy. This move comes amidst news of a major partnership with Amazon Web Services (AWS) and a $3 billion grant from the U.S. government for its semiconductor arm, Intel Foundry.
Billionaire hedge fund founder Steve Cohen has stepped back from trading after four decades, focusing on mentoring and talent development at his firm, Point72. He will remain co-chief investment officer but will no longer invest clients’ capital. Cohen’s decision comes after his firm achieved record growth and impressive returns.
Martin Condon, a prominent cannabis advocate in Ireland, has been convicted of cultivating cannabis after openly planting hemp plants in Cork City. Condon, who suffers from epilepsy, argued that his actions were a form of civil disobedience to challenge restrictive cannabis laws and initiate a national conversation about medical access. Despite the non-intoxicating nature of the hemp plants, Condon was found guilty on five out of six counts, with sentencing deferred until November.
NVIDIA and Salesforce have announced a strategic partnership to develop advanced AI capabilities for businesses, focusing on autonomous agents and interactive avatars. The collaboration aims to enhance productivity and effectiveness across industries by leveraging the combined power of NVIDIA’s AI platform and Salesforce’s platform and Agentforce.
The Shyft Group, a leading North American specialty vehicle manufacturer, has released its 2024 Sustainability Report, highlighting its commitment to environmental stewardship, social impact, and governance excellence. The report outlines significant progress in reducing emissions, improving workplace safety, and promoting diversity and inclusion. Notably, the report features the company’s first physical climate risk assessment, demonstrating a proactive approach to climate change mitigation.
The Shyft Group, a leader in specialty vehicle manufacturing, has released its 2024 Sustainability Report, highlighting significant strides in reducing emissions, improving workplace safety, promoting diversity and inclusion, and proactively assessing climate risks. The report underscores the company’s commitment to sustainable growth and its role as a responsible corporate citizen.
New York City’s Operation Padlock, launched in May 2024, has been cracking down on illegal cannabis sales, resulting in the closure of over 1,000 shops. While the initiative has boosted legal cannabis sales and created a more level playing field, questions remain about the legality of the operation and its long-term effectiveness.
