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As the trade war between the U.S. and China intensifies, there is a growing expectation that collateral damage could spill onto Wall Street, disrupting U.S. banks’ plans to expand in mainland China. Since the Chinese authorities lifted the cap on foreign ownership of securities trading and fund management companies from 49 percent to 51 percent […]
GUEST: When table tennis was added to the Olympic Games in 1988, its proponents had spent 57 years pushing for its inclusion. But what may surprise you is that a major roadblock was internal from the International Table Tennis Federation (ITTF), not external from the International Olympic Committee (IOC). There had always been disagreement as […]
Quinn Rooney/Getty Images There’s a level of “frustration” among professional investors, who think investment bank Lazard is undervalued. An anonymous survey of more than 50 investment funds found many thought the bank should consider a shift in strategy. Recommendations included more share buybacks and a potential split of its two main operating divisions. Boutique investment […]
The system, developed by OpenAI, ends up “inventing” characteristic grasps that we humans already commonly use to handle objects. https://media.wired.com/photos/5b5b6f549e34135358301768/master/pass/openai-hand-block-3.jpg
It’s retreated, but the risk of what happens with a grounded iceberg is almost luck of the draw. https://media.wired.com/photos/5b4cf63031fa181b2b21449a/master/pass/greeland-997468440.jpg
Revolution Chattanooga, Tennessee has a promising startup scene that is intimately supported by the city government. The city struggled for decades in the wake of post-industrialization, but was reinvigorated by city-operated high-speed internet and pro-entrepreneur policies. AOL cofounder Steve Case highlighted the city’s scene in May through his Rise of the Rest bus tour. This […]
After an impressive Google I/O demo where its Duplex AI system called a restaurant and salon to set up appointments, one of the big questions concerned the ethics of the technology. The Google Assistant voice took steps to pretend to be human, inserting “umms” and “ahs” into the conversation while a person on the other […]
Microsoft Ventures Microsoft Ventures, the venture capital arm of Microsoft, will be called “M12” moving forward. The “M” is for Microsoft, and the “12” comes from the dozen letters in the word “entrepreneur.” Otherwise, nothing is changing: M12 has invested in 50 startups in two years, with no plans to slow down. The reason for […]
ECONOMISTS do not much like their discipline being dubbed the dismal science. Some American universities are paying more attention to the noun than to the adjective. The reason is not philosophical, but pragmatic. Foreign STEM graduates (the acronym stands for science, technology, engineering and mathematics) can get visa extensions for three years of practical training […]
Dan Fogelman has been making audiences cry all the time with his NBC family drama series This Is Us. Now he’s bringing that same level of tearjerking to the big screen with his sophomore directing effort. Life Itself (not to be confused with the Roger Ebert documentary of the same name) stars Oscar Isaac (Star […]
