By Rachel Metz, CNN Business If you’ve ever wanted to use artificial intelligence to quickly design a hybrid between a duck and a corgi, now is your time to shine. On Wednesday, OpenAI announced that anyone can now use the most recent version of its AI-powered DALL-E tool to generate a seemingly limitless range of
Continue Reading By Nicole Goodkind, CNN Business Warnings of global recession are widespread, inflation is persistent and Russia is escalating the crisis in Europe. The macro picture for the economy is bleak, and markets are suffering. But in the midst of all of this turmoil, luxury automaker Porsche managed to make one of the biggest market debuts
Continue Reading By Mark Thompson, CNN Business There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the second quarter of the year, rather than shrinking as previously estimated. But the latest update from the Office for National Statistics also showed that the United Kingdom is the
Continue Reading By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The devastating storm is about to make things worse — even for those fortunate enough to escape any damage. For the better part of two decades, the nation’s major insurers have wanted as little
Continue Reading By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The devastating storm is about to make things worse — even for those fortunate enough to escape any damage. For the better part of two decades, the nation’s major insurers have wanted as little
Continue Reading By Amarachi Orie, CNN Business The portrait of King Charles III that will feature on British coins has been unveiled by the Royal Mint, the official maker of UK coins. The image, which will first appear on commemorative £5 and 50 pence coins to honor the life of the late Queen Elizabeth II, was designed
Continue Reading By Laura He, CNN Business Asian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising global recession fears. The MSCI Asia ex-Japan Index — which captures 10 major markets across Asia, excluding Japan — has fallen 12.8% so far this month, on track to
Continue Reading By Allison Morrow, CNN Business All week, there have events in the news that have come in under of the banner of “this hasn’t happened since 2007/2008.” Yields on the 10-year Treasury briefly surpassed 4%, a level not seen since 2008. That movement helped push mortgage rates to their highest level, 6.7%, since — wait
Continue Reading By Allison Morrow, CNN Business All week, there have events in the news that have come in under of the banner of “this hasn’t happened since 2007/2008.” Yields on the 10-year Treasury briefly surpassed 4%, a level not seen since 2008. That movement helped push mortgage rates to their highest level, 6.7%, since — wait
Continue Reading By Jackie Wattles, CNN Officials at NASA have signed a Space Act Agreement with SpaceX to investigate the benefits and risks of having a private mission provide service to NASA’s nearly 33-year-old Hubble Space Telescope, boosting it to a higher orbit to extend its life, the space agency announced Thursday. “Hubble is amazingly successful. …
Continue Reading By Jackie Wattles, CNN Officials at NASA have signed a Space Act Agreement with SpaceX to investigate the benefits and risks of having a private mission provide service to NASA’s nearly 33-year-old Hubble Space Telescope, boosting it to a higher orbit to extend its life, the space agency announced Thursday. “Hubble is amazingly successful. …
Continue Reading By Rachel Metz, CNN Business Artificial intelligence is getting better and better at generating an image in response to a handful of words, with publicly available AI image generators such as DALL-E 2 and Stable Diffusion. Now, Meta researchers are taking AI a step further: they’re using it to concoct videos from a text prompt.
Continue Reading By Lauren del Valle, CNN In emotional testimony on Thursday, Robbie Parker, the parent of a Sandy Hook shooting victim, recounted the violent threats and harassment he and his family have suffered in the years since conspiracy theorist Alex Jones called him a crisis actor. The day after their six-year-old daughter, Emilie, was murdered in
Continue Reading By Lauren del Valle, CNN In emotional testimony on Thursday, Robbie Parker, the parent of a Sandy Hook shooting victim, recounted the violent threats and harassment he and his family have suffered in the years since conspiracy theorist Alex Jones called him a crisis actor. The day after their six-year-old daughter, Emilie, was murdered in
Continue Reading By Catherine Thorbecke, CNN Business Google plans to shut down its cloud gaming service Stadia in January, a little more than three years after it launched, citing lackluster demand from customers. Phil Harrison, the vice president and general manager of Stadia, said in a blog post Thursday that the consumer gaming service “hasn’t gained the
Continue Reading By Brian Fung and Clare Duffy, CNN Business California is attempting to stymie abortion prosecutions in other states by making it illegal for Silicon Valley giants and other businesses based in the Golden State to hand over the personal information of abortion-seekers to out-of-state authorities. A new law signed Tuesday by Gov. Gavin Newsom forbids
Continue Reading By Brian Fung and Clare Duffy, CNN Business California is attempting to stymie abortion prosecutions in other states by making it illegal for Silicon Valley giants and other businesses based in the Golden State to hand over the personal information of abortion-seekers to out-of-state authorities. A new law signed Tuesday by Gov. Gavin Newsom forbids
Continue Reading By Catherine Thorbecke, CNN Business Google plans to shut down its cloud gaming service Stadia in January, a little more than three years after it launched, citing lackluster demand from customers. Phil Harrison, the vice president and general manager of Stadia, said in a blog post Thursday that the consumer gaming service “hasn’t gained the
Continue Reading By Matt Egan, CNN Business US officials are increasingly troubled by the United Kingdom’s proposal to slash taxes at a time of crushing inflation, a plan that has ignited turbulence in financial markets. UK Prime Minister Liz Truss’s tax-cut plan has drawn criticism from economists and investors and prompted the Bank of England to calm
Continue Reading By Anna Bahney, CNN Business Think mortgage rates are high now? Connie Strait remembers when she was starting her career in real estate in the early 1980s and buyers were contending with rates three times higher. Strait recalled one couple who were actually relieved when they locked in a 30-year fixed-rate mortgage at 19% in
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