new york time
Here's the latest.
The Consumer Price Index for October will show how price pressures are trickling through the U.S. economy. See more of our coverage in your search results. Colby Smith covers the Federal Reserve. U.S. inflation has accelerated this year as the war with Iran, along with an artificial intelligence investment boom, have stoked price pressures across the country. Data released by the Bureau of Labor Statistics on Tuesday will show just how potent those pressures continue to be. Economists broadly expect a reprieve in October, with overall prices as measured by the Consumer Price Index rising 0.3 percent for the month after a 0.6 percent jump in September. "Core" prices, which strip out volatile food and energy items, are forecast to have risen just 0.2 percent. But don't expect a year-over-year comparison. The agency will not release one given that it was unable to collect data during last year's government shutdown, which ran from Oct. 1 through Nov. 12. The trajectory of inflation is being closely watched by the Federal Reserve. Tuesday's C.P.I. report will be the last before the central bank meets for its final gathering of the year on Dec. 8 and 9. November's report comes out the day after the meeting. Policymakers have broadly signaled that they will raise rates next month as they seek to stamp out price pressures that have pushed inflation further away from their goal.
Here's why last year's government shutdown will haunt October's inflation data.
The Consumer Price Index for October will show how price pressures are trickling through the U.S. economy. See more of our coverage in your search results. Colby Smith covers the Federal Reserve. U.S. inflation has accelerated this year as the war with Iran, along with an artificial intelligence investment boom, have stoked price pressures across the country. Data released by the Bureau of Labor Statistics on Tuesday will show just how potent those pressures continue to be. Economists broadly expect a reprieve in October, with overall prices as measured by the Consumer Price Index rising 0.3 percent for the month after a 0.6 percent jump in September. "Core" prices, which strip out volatile food and energy items, are forecast to have risen just 0.2 percent. But don't expect a year-over-year comparison. The agency will not release one given that it was unable to collect data during last year's government shutdown, which ran from Oct. 1 through Nov. 12. The trajectory of inflation is being closely watched by the Federal Reserve. Tuesday's C.P.I. report will be the last before the central bank meets for its final gathering of the year on Dec. 8 and 9. November's report comes out the day after the meeting.
US chipmaker Nvidia investigates CEO Jensen Huang over affair
United States-based chipmaker Nvidia is investigating its chief executive officer, billionaire Jensen Huang, after he confirmed he had an intimate relationship with a woman accused of working for Chinese intelligence. In an announcement on Sunday, Nvidia said the probe would be conducted by a "committee of independent directors" with outside counsel. It said the board continued to have "confidence in Jensen and his leadership team". Huang will continue to lead Nvidia during the probe. The investigation follows a report in The New York Times last month that Jensen may have been the target of a Chinese espionage plot.
Here's the latest.
Kevin Warsh, the Federal Reserve chairman, will explain the central bank's decision on rates, as energy prices and A.I. spending keep inflation uncomfortably high. Note: Data represents the lower, upper and midpoint of the federal funds target rate range. See more of our coverage in your search results. The Federal Reserve is expected to press pause on raising interest rates Wednesday after delivering an increase last month for the first time since 2023. Officials have signaled that the reprieve is likely to be temporary because they have more work to do to tame persistent inflation. But they have conveyed that there is no urgency to raise rates two months in a row. Recent inflation data has complicated that message. Price pressures appear to be accelerating, rather than moving toward the Fed's 2 percent target, a level that has been missed for nearly six years. Kevin M. Warsh, who took over as Fed chairman in May, has vowed to get inflation back to that level more quickly. Looming large over Wednesday's decision are next week's midterm elections. Officials insist elections don't factor in their deliberations, but the political backdrop has heightened scrutiny of Mr. Warsh. The Fed will release its rate decision at 2 p.m. in Washington. Mr. Warsh will hold a news conference at 2:30.
8 books to cure your inevitable ACOTAR hangover
Safety Net Say More Look Up Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Creator Playbook Trending Now Mashable Selects Getting Technical with Mashable Gift Ideas For Everyone On Your List Versus In My Bag Mashable @Home All Series From deadly vampire tournaments to dragon-riding drama, these eight reads might help with your impending Prythian withdrawal. Olivia Tauber is the deputy editor of digital culture, covering creators, media, movies, beauty, and more. Based in New York, her work has appeared in The New York Times, Vanity Fair, The Cut, Teen Vogue, Complex, and Interview Magazine. She holds a Master's degree in Journalism from NYU and a Bachelor's from the University of Michigan. She also runs Fan Mail, a weekly pop-culture newsletter.
Microsoft president warns AI is less regulated than milk and washing machines
Look Up Say More Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Mashable @Home Trending Now Mashable Selects Top creators, ranked Gift Ideas For Everyone On Your List Creator Playbook In My Bag AI at School Safety Net All Series It can't be entirely up to these companies to dictate the terms of their transparency, says Brad Smith. Olivia Tauber is the deputy editor of digital culture, covering creators, media, movies, beauty, and more. Based in New York, her work has appeared in The New York Times, Vanity Fair, The Cut, Teen Vogue, Complex, and Interview Magazine. She holds a Master's degree in Journalism from NYU and a Bachelor's from the University of Michigan. She also runs Fan Mail, a weekly pop-culture newsletter.
'Wicker' is getting a 4DX screening. The internet's imagination is running wild.
Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Mashable @Home Look Up Trending Now Mashable Selects Say More Top creators, ranked Gift Ideas For Everyone On Your List Creator Playbook In My Bag AI at School Safety Net All Series'Wicker' is getting a 4DX screening. The internet's imagination is running wild. We thought this was a joke. Olivia Tauber is the deputy editor of digital culture, covering creators, media, movies, beauty, and more. Based in New York, her work has appeared in The New York Times, Vanity Fair, The Cut, Teen Vogue, Complex, and Interview Magazine.
Kevin Roose Didn't Use AI to Write His Book About AI
The author of says his book "was written by a very tired, overworked, under-slept human being." For most people, the AI Era we're now living in started sometime around the end of 2022, when OpenAI released the first consumer version of ChatGPT to much fanfare--and, ultimately, over 100 million downloads within a few short months. In reality, as WIRED readers know, the story of artificial intelligence stretches back decades. And the work informing today's generative AI products, from chatbots to agents and beyond, has been more than a decade--of blood, sweat, tears, and furious rivalries--in the making. It's that recent history, told through the interweaving stories of three generative AI leaders-- OpenAI, Anthropic, and Google --that's chronicled in Kevin Roose's compelling new book, . Roose, a longtime tech journalist who most recently served as a columnist and podcast host for The New York Times, conducted more than 150 interviews with AI insiders to compile what he hopes becomes something of a historical document, an accurate, in-depth retelling of the people and the institutions, the bloodbath and the drama, that brought Silicon Valley to where it is to today. I spoke to Roose in late September, a few days after he and Casey Newton--with whom Roose previously cohosted the New York Times' podcast--announced the creation of their new media company Machine Gods Media, alongside a podcast distribution deal with NPR. We talked about what Roose and Newton hope to accomplish with the new show, why traditional media companies have a talent problem, and, of course, all things artificial intelligence. KATIE DRUMMOND: You and Casey Newton recently announced that you were launching a new media company, called Machine Gods Media. And your podcast is also called, correct? Yeah, a name so nice we used it twice. When you first announced that you'd be leaving The New York Times, you described your vision for what you wanted to do as one that, quote, "takes AI progress seriously, is clear-eyed about the capabilities and risks of powerful AI systems, and tries to empower and entertain people in the face of radical uncertainty." As you look at the landscape of tech coverage and AI coverage, what's missing from the reporting and commentary that you and Casey want to address with the new show?
Spotify down: What we know so far
Mashable Selects Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more In My Bag Look Up Creator Playbook Say More AI at School Safety Net Versus Trending Now Back to School Good Connection: Uplifting stories for a digital age All Series Olivia Tauber is the deputy editor of digital culture, covering creators, media, movies, beauty, and more. Based in New York, her work has appeared in The New York Times, Vanity Fair, The Cut, Teen Vogue, Complex, and Interview Magazine. She holds a Master's degree in Journalism from NYU and a Bachelor's from the University of Michigan. She also runs Fan Mail, a weekly pop-culture newsletter. This Tweet is currently unavailable.
Robotics roadmaps from around the world spotlight of the month: China
Chinese robots have quickly entered global public consciousness in recent years, appearing as background robo-dancers in pop concerts and as humanoid marathon and sprint runners outpacing elite athletes ( 1). Domestically, robots are deployed as traffic guides and restaurant service staff, while swarms of drones entertain audiences in urban light shows or deliver takeout to high-rises ( 2, 3). These public debuts serve to both normalize automation in everyday civilian life ( 4) while projecting international soft power. Behind the public spectacle lies a bold agenda for global economic dominance. In its geopolitical contest with the United States, Beijing sees robotics as the core engine to project power and dictate the future of global supply chains ( 5).