As the U.S. has indicated it will scale back its military defense of Europe, the continent’s capitals are preparing to spend billions to expand their own defense capacities and take a larger role in supporting the Ukraine War and selling the line to the public that if Russia is not defeated they will invade Europe.
Category: 13 May 2025
RESTAURANT HOLDING COMPANY’S EARNINGS MISS EXPECTATIONS
Restaurant Brands International, which owns Burger King, Firehouse Subs, Popeye’s, and Tim Horton’s, reported first-quarter revenue of $2.11 billion, slightly short of the $2.13 billion analysts had foreseen.
U.S. EV SALES HIT A SPEED BUMP IN APRIL
Last month, U.S. sales of electric vehicles (EVs) fell 5 percent below March’s volume while the country’s overall car market grew by 10 percent, data service Motor Intelligence reported.
U.S. CORPORATIONS WILL BUY BACK A RECORD $518 BILLION IN SHARES
Flush with cash from a multi-year stock market rally, continued consumer spending, and a robust earnings season, American corporations have announced plans to repurchase a record $518 billion worth of their own shares in 2025.
AI CAN MAKE IRRATIONAL DECISIONS JUST LIKE PEOPLE DO, STUDY FINDS
OpenAI’s GPT-3.5 and GPT-4 large language models, recent AIs that run on the company’s Chat-GPT platform, are “impressively consistent” in their ability to reason, according to a study by researchers in Australia and Canada.
FED HELD RATES STEADY AS IT BRACES FOR TARIFFS’ IMPACT
The U.S. Federal Reserve left its key interest rates unchanged at last week’s meeting and warned that risks are rising that Donald Trump’s tariff campaign will raise prices and eliminate jobs.
U.S. AIR FORCE RECRUITS AI TO POWER MINI-DRONES
The U.S. space program in the last half of the 20th century gave us advances ranging from artificial limbs to Tang orange drink mix.
TRUMP ADMINISTRATION SCRAPS BAN ON EXPORTING AI CHIPS
The Trump administration has abolished a rule, slated to take effect 15 May, that banned exporting AI chips.
AI USES SMALL FLUID SAMPLE TO DIAGNOSE ARTHRITIS IN MINUTES
Researchers at South Korea’s Institute of Materials Science have created an AI that can diagnose both rheumatoid arthritis (RA) and osteoarthritis (OA) in a few minutes by analyzing a small sample of fluid taken from a joint to be diagnosed.
OPENAI SUSPENDS RESTRUCTURING, LEAVES NONPROFIT PARENT IN CONTROL
OpenAI has suspended its plan to convert to a for-profit organization, Reuters reported. Instead, the nonprofit parent organization will remain the owner of the for-profit subsidiary, at least for now.