Tuesday☕️

Apr 25, 2023 • 3 min read

Trending:

Markets/Economies:

American Media:

FOX News and Tucker Carlson have parted ways. Fox News thanked him for his service as a host and contributor. FOX News Tonight will have rotating personalities until a new host is named. This decision follows a 787.5 million dollar settlement with Dominion.
Don Lemon announced via Twitter that CNN has terminated him after 17 years of service. CNN thanked him for his service as a host and contributor. He expressed disappointment in not being informed directly but rather through his agent.
Comcast revealed that they and NBCUniversal's CEO, Jeff Shell, have agreed upon his immediate departure. This decision comes after an external investigation into a complaint of improper behavior involving Mr. Shell.

AI Development:

AI developers are facing a widespread shortage of Graphics Processing Unit (GPU) capacity at server farms. GPUs are specialized electronic circuits designed to process and manipulate images and perform complex calculations rapidly.
Major companies like Amazon Web Services, Microsoft, Google, and Oracle have restricted access. AI development relies heavily on GPUs for parallel processing capabilities, significantly speeding up machine learning tasks. Nvidia, a chipmaker initially focused on gaming GPUs, now dominates the server farm GPU market.

Business:

The Financial Services Committee has proposed a new law to regulate stablecoin issuers. The law mandates approval/regulation for issuers, clarifying that stablecoins are not securities and should not fall under SEC jurisdiction.
Bud Light's marketing VP, Alissa Heinerscheid, and her superior, Daniel Blake, were put on leave due to public backlash over a marketing campaign involving transgender influencer Dylan Mulvaney.
On Monday, Disney commenced a second round of layoffs, which, when combined with recent reductions, has led to a total of 4,000 job losses.

Statistic: