Morgan Stanley Plans to Cut 2,000 Workers, Partly Due to AI | Entrepreneur

March 20, 2025March 19, 2025 ~ knjohn ~ Leave a comment

Morgan Stanley is preparing to reduce its 80,000-person workforce by 2,000 employees later this month, marking the bank’s first significant round of layoffs since CEO Ted Pick took over in January 2024.

The workforce reduction will affect divisions across Morgan Stanley, except for its 15,000 financial advisers, per Bloomberg. The cuts are meant to keep costs down as executives face low attrition, or a low rate of employees leaving an organization through resignations, terminations, or retirements.

Some employees impacted by the layoffs will be let go due to performance issues, while others will be cut because AI and automation have replaced their roles within the bank. A source told Bloomberg that the bank expects to make more job reductions due to AI in the coming years.

A brand new volcanic vent opened up in Yellowstone National Park | Mashable

March 19, 2025March 18, 2025 ~ knjohn ~ Leave a comment

A new column of steam rises from Yellowstone.

While the expansive volcano shows no hints of an eruption, magma brews beneath the surface, fueling hundreds of geysers and other heated phenomena. In a new blog on its website, the Yellowstone Volcano Observatory reports a new steaming feature in the national park, illustrative of this dynamic world’s constantly evolving, and thrilling, landscape.

‘Stranded’ NASA astronauts will be carried away on stretchers after return from space. Here’s why. | Live Science

March 18, 2025March 17, 2025 ~ knjohn ~ Leave a comment

On Tuesday (March 18) NASA astronauts Sunita Williams and Butch Wilmore are expected to splash harmlessly into Earth’s oceans inside a SpaceX crew capsule, ending a more than nine-month stay in space that was originally slated to last just a few weeks. When their capsule is finally opened, the astronauts will likely be carried out and loaded onto stretchers.

The reason for this has nothing to do with Williams and Wilmore’s specific mission aboard the International Space Station (ISS), but is simply a matter of protocol that all astronauts must follow, experts told Live Science.

Florida’s citrus faces mounting threat from real estate developers | Fast Company

March 17, 2025March 16, 2025 ~ knjohn ~ Leave a comment

As Trevor Murphy pulls up to his dad’s 20-acre (8-hectare) grove in one of the fastest-growing counties in the United States, he points to the cookie-cutter, one-story homes encroaching on the orange trees from all sides.

“At some point, this isn’t going to be an orange grove anymore,” Murphy, a third-generation grower, says as he gazes at the rows of trees in Lake Wales, Florida. “You look around here, and it’s all houses, and that’s going to happen here.”

Polk County, which includes Lake Wales, contains more acres of citrus than any other county in Florida. And in 2023, more people moved to Polk County than any other county in the country.

Mark Carney: Canada’s next PM vows to win trade war with Trump

March 10, 2025March 9, 2025 ~ knjohn ~ Leave a comment

Mark Carney has won the race to succeed Justin Trudeau as Canada’s next prime minister, vowing to win the trade war against US President Donald Trump.

The former governor of Canada and the UK’s central banks beat three rivals in the Liberal leadership contest in a landslide.

In much of his victory speech, Carney, 59, attacked Trump, who has imposed tariffs on Canada and said he wants to make the country the 51st US state. “Americans should make no mistake,” he said. “In trade, as in hockey, Canada will win.”

Carney is expected to be sworn in as PM in the coming days and will lead the Liberals in the next general election, which is expected to be called in the coming weeks.

ChatGPT doubled its weekly active users in under 6 months, thanks to new releases | TechCrunch

March 7, 2025March 6, 2025 ~ knjohn ~ Leave a comment

OpenAI’s flagship AI chatbot, ChatGPT, returned to solid growth in the latter half of 2024, according to a new report published on Thursday by VC firm Andreessen Horowitz (a16z). While it took ChatGPT nine months to grow from 100 million weekly active users in November 2023 to 200 million in August 2024, it’s now taken less than six months for the app to double those numbers yet again, the report found.

Shortly after its November 2022 release as a research preview, ChatGPT became the fastest app ever to reach 100 million monthly active users — a milestone it hit in only two months’ time.

By November 2023, ChatGPT had reached another milestone of 100 million weekly active users, which grew to 300 million by December 2024, then 400 million in February 2025.

Scale AI is being investigated by the US Department of Labor | TechCrunch

March 7, 2025March 6, 2025 ~ knjohn ~ Leave a comment

The U.S. Department of Labor (DOL) is investigating the data-labeling startup Scale AI for compliance with the Fair Labor Standards Act, TechCrunch has learned.

That’s a federal law that regulates unpaid wages, misclassification of employees as contractors, and illegal retaliation against workers.

The investigation has been active since at least August 2024, a document seen by TechCrunch shows. And it’s ongoing, according to a person directly familiar with the matter.

Reddit Rival Digg Is Making a Comeback, Using AI to Moderate | Entrepreneur

March 6, 2025March 5, 2025 ~ knjohn ~ Leave a comment

Reddit co-founder Alexis Ohanian, 41, has joined forces with former rival Kevin Rose, 48, to revive Digg, a social and link-sharing website Rose founded in 2004 — it was divided up and sold for parts to Betaworks, LinkedIn, and The Washington Post in 2012. The two intend to infuse the new Digg with AI content moderators, a move not yet implemented by Reddit.

The Digg of 2004 allowed users to share links that others could “digg” and upvote or “bury” and downvote, creating a place for trending news. Users could comment on links too, with the most popular content ending up on the homepage.

In its heyday, Digg attracted 40 million monthly unique users, but after a 2010 update removed the “bury” button, users revolted and left the site in droves, leading to its demise.

Apple announces the M3 iPad Air with Apple Intelligence | Mashable

March 5, 2025March 4, 2025 ~ knjohn ~ Leave a comment

Apple just dropped a new iPad Air with an M3 chip, and yes, it has Apple Intelligence.

The M3 iPad Air is twice as fast as the M1 iPad Air which was released in 2022, according to the announcement. The M3 chip also gives the iPad Air faster graphics performance and the same dynamic caching support that comes in other M3 models, which boosts performance and response time.

The M3 iPad Air comes with iPadOS 18, which supports Apple Intelligence features, including Writing Tools with ChatGPT integration, type to Siri, Image Playground, and Genmoji creation. Apple Intelligence for iPad also has photo and graphics editing tools like the Clean Up tool in Photos and Image Wand in the Notes app that works with the Apple Pencil.

Dow tumbles 650 points as Trump confirms tariffs on Mexico and Canada will start Tuesday | CNN Business

March 4, 2025March 3, 2025 ~ knjohn ~ Leave a comment

US stocks slid Monday as investors braced for President Donald Trump’s proposed tariffs on Canada and Mexico to go into effect by the midnight deadline. The Dow tumbled 650 points, or 1.48%, to close at 43,191.

The Dow fell almost 900 points in afternoon trading before pulling back slightly. The broader S&P 500 fell 1.76% and the Nasdaq Composite fell 2.64%.

The S&P 500 posted its biggest one-day decline of the year. The Nasdaq is down about 6.5% since since Trump took office on January 20.

“Tomorrow, tariffs — 25% on Canada and 25% on Mexico,” Trump said during a press conference at the White House. “And that’ll start. … What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.”