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David Muir shares rugged selfie from upstate home — and fans can't get enoughRussia Claims Strike on Ukrainian Fuel Depot; Ukraine Claims Destruction of Russian Equipment, Mutually Reporting Gains
As the tale of the Syrian Chinese business owner and his guests unfolds, it stands as a testament to the enduring power of human connection and the ability of compassion to bridge the gap between individuals, no matter their background or circumstances. In a landscape marred by conflict and strife, the warmth and support extended to the Chinese community in Syria serve as a ray of light in a world often clouded by darkness.As the stars twinkled above him, John couldn't help but smile - for the first time in a long time, he felt truly alive.ive Canadian news media companies have filed a lawsuit against OpenAI. The companies alleged that OpenAI has been scraping large swaths of content to fuel its products. The 84-page legal filing seeks damages and a permanent injunction to prevent OpenAI from using their material without consent. Artificial intelligence is everywhere, shaping how we interact with technology. But behind its functionality lies a growing debate over the ethics of how AI companies use content. This concern is now at the heart of a legal battle in Canada, where five prominent news media companies have accused ChatGPT-maker OpenAI of copyright infringement. On Friday, Canadian news media companies Torstar, Postmedia, The Globe and Mail, The Canadian Press, and CBC/Radio-Canada filed a lawsuit against OpenAI. They claim that the AI company unlawfully used their journalism to train its AI systems without permission or payment. Also read: Accident or cover-up? OpenAI allegedly deletes potential evidence in copyright case In a joint statement, the companies alleged that OpenAI has been scraping large swaths of content to fuel its products. They criticised this practice, stating: “Journalism is in the public interest. OpenAI using other companies’ journalism for their own commercial gain is not. It’s illegal.” The media companies argue that OpenAI’s actions have harmed their intellectual property rights. The 84-page legal filing seeks damages and a permanent injunction to prevent OpenAI from using their material without consent. They also emphasised that OpenAI has never compensated them for using their work, reports Reuters. “Rather than seek to obtain the information legally, OpenAI has elected to brazenly misappropriate the News Media Companies’ valuable intellectual property and convert it for its own uses, including commercial uses, without consent or consideration,” the lawsuit claims. Also read: Is OpenAI violating copyright laws? Former company employee says YES OpenAI’s response OpenAI defended its practices, stating that its AI models rely on publicly available data and operate within fair use and international copyright laws. The company added that it collaborates with publishers and provides options to opt out. “We collaborate closely with news publishers, including in the display, attribution and links to their content in ChatGPT search, and offer them easy ways to opt out should they so desire,” a spokesperson said. This lawsuit is part of a global wave of legal actions targeting AI companies over their use of copyrighted material. While this case doesn’t involve OpenAI’s backer Microsoft, Elon Musk recently expanded a lawsuit against OpenAI to include Microsoft, alleging monopolistic practices in the AI industry. Tech news writer by day, BGMI player by night. Combining my passion for tech and gaming to bring you the latest in both worlds. View Full Profile
AP Business SummaryBrief at 4:48 a.m. ESTTrump's tariff plans may 'derail' US inflation progress: YellenAs Boeing looks to the future, the restart of 737 MAX production marks a turning point for the company and the aviation industry as a whole. With a renewed focus on safety, quality, and innovation, Boeing is poised to regain its position as a leading manufacturer of commercial aircraft and to deliver on its promise of a brighter future for air travel.
The S&P 500 ( ^GSPC 0.56% ) soared 26.3% (including dividends) in 2023, and it's up 27.8% in 2024 so far. That means it's on track for consecutive annual gains of at least 20% for the first time since 1999. In fact, going back to when the S&P 500 was established in 1957, that has only happened on six occasions. History suggests it could lead to another strong year in 2025, but the data is skewed by a period of time many investors would probably rather forget. Back-to-back gains of 20% (or more) are extremely rare The S&P 500 has delivered a compound annual return of 10.5% since 1957, so its performances during 2023 and 2024 are already significantly above average. Let's dive into some historical data below, and examine what happened every other time the index gained at least 20% in consecutive years. The S&P 500 generated a 37.2% return in 1975, and then a 23.8% gain in 1976. That strong back-to-back performance was followed by a 7.2% loss in 1977. The index generated a 21.5% return in 1981, and then a 22.5% gain in 1982. That occasion was followed by a modest 6.2% return in 1983. The S&P was up 37.5% in 1995, followed by a 22.9% gain in 1996, a 33.3% gain in 1997, a 28.5% gain in 1998, and a 21% gain in 1999. The streak ended with a 9.1% loss in the year 2000. In hindsight, that incredible five-year streak between 1995 and 1999 became known as the dot-com technology bubble, when internet companies surged in value without having the revenue, earnings, or fundamentals to support their gains. The dot-com bubble became the dot-com bust with a brutal three-year run of losses for the S&P 500 between 2000 and 2002. It took seven years for the index to reclaim its all-time high from that period. If we calculate the average S&P result from 1977, 1983, 1997, 1998, 1999, and 2000, we get an average return of 12.1%. That might be the gain we can expect in 2025, based purely on the above historical data alone. As I mentioned earlier, the data is heavily skewed by the dot-com era, which was an unprecedented time in stock market history. But we are in the midst of another technology boom right now, this time driven by artificial intelligence (AI). This isn't 1999, but the S&P 500 is unquestionably expensive AI has played a key role in the incredible S&P 500 gains during 2023 and 2024. Nvidia ( NVDA 2.15% ) , for example, has added a staggering $3.1 trillion to its market capitalization over the last two years, primarily based on sales of its graphics processing units ( GPU s) for the data center that are used to develop AI . Nvidia is on track to generate $129 billion in revenue during its current fiscal year, which will be a near-fivefold increase from two years ago. In other words, the AI boom is underpinned by tangible financial results, which wasn't the case with the internet bubble. In fact, Morgan Stanley predicts four tech companies -- Microsoft , Amazon , Alphabet , and Meta Platforms -- will invest a combined $300 billion in AI infrastructure during 2025 alone. Those four companies, plus Nvidia, represent 22.6% of the total value of the entire S&P 500, so it will be great for the broader market if that spending eventually pays off. With that said, the S&P is expensive right now. It trades at a price-to-earnings (P/E) ratio of 24.7, which is a 36% premium to its long-term average of 18.1 going back to the 1950s. However, we are still comfortably below the dot-com-era peak of around 46, which suggests valuations are elevated but not necessarily irrational just yet. Opposing economic forces could spark volatility in 2025 Given the valuation of the S&P 500, next year will have to be almost perfect in order for investors to see another strong return. That means corporate America will have to meet expectations when it comes to earnings growth, and macroeconomic conditions need to remain supportive. On the one hand, the U.S. economy will be supported by falling interest rates. The Federal Reserve has already cut rates twice since September, and there should be more on the way . On the other hand, the incoming Trump administration plans to levy sizable tariffs on important trading partners like Mexico and Canada, which could disrupt global trade and potentially even spark inflation. The last time President Trump was in office, he imposed tariffs on steel and aluminum imports from practically every country in the world. Many countries (like China) decided to retaliate with tariffs of their own, sparking fears of a painful trade war that could have derailed the global economy. That was a key reason the S&P 500 almost slipped into bear market territory during 2018. So if tariffs are on the agenda as soon as President-elect Trump moves back into the White House in January, the stock market could be in for a rough ride in 2025.Karnataka Lokayukta conducted a surprise inspection at KC General Hospital in Bengaluru's Malleswaram area on Friday, following multiple complaints about corruption and mismanagement. According to The New Indian Express report , the inspection revealed several alarming issues plaguing one of Bengaluru’s key government hospitals, raising serious concerns about patient care and hospital operations. (Also Read: Karnataka Congress expels party leader over sexual harassment case ) Bribes, staff Shortages, and hygiene issues exposed The investigation, initiated after public complaints, found that hospital staff had allegedly been soliciting bribes for patient admission. In one instance, a pregnant woman was reportedly denied immediate admission late at night and was asked for a bribe, TNIE report added. Doctors’ attendance was another major concern. By 10am, only one of the five scheduled doctors had arrived for duty, despite the shift starting at 9am. Patients also complained that doctors regularly prescribed medicines to be purchased from external pharmacies, even though the hospital had these medicines in stock. The inspection also revealed severe staff shortages, with only three patients admitted to the hospital’s 10 special rooms. The pharmacy was operating irregularly, with medicines listed as unavailable found in stock and expired medications left undisposed of. Hygiene and infrastrucure were found to be in a deplorable condition. The paediatric intensive care unit had only one functioning ventilator, while critical equipment like the ECG machine in the maternity ward and Doppler devices were non-operational. The hospital also struggled with basic amenities, with just one toilet available for up to 1,750 patients and inadequate drinking water facilities. Additionally, the Lokayukta noticed that the hospital did not display the mandatory nameplate for the Lokayukta helpline, a requirement for government offices. In light of these findings, Justice Patil has ordered a detailed investigation by a team of judicial and police officials, who will prepare a comprehensive report. Justice Patil assured the public that all complaints would be thoroughly examined and appropriate steps would be taken to address the hospital’s shortcomings and hold those responsible accountable, the report further added. (Also Read: Cyclone Fengal: Bengaluru braces for rain, cool temperatures; orange alert issued )