Cites

As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors. The subreddit r/WallStreetBets, a community of retail traders with 15 million members, describes itself as being “like 4chan found a Bloomberg Terminal.” It’s most well known for coordinating a short squeeze on GameStop stock in 2021, a rebellious move that cost hedge funds billions of dollars. The stock was so volatile, jumping more than 600% within days, that…

Russell Brand claims he doesn’t “recognize” the actress suing him for sex assault in New York and that there’s no way he drunkenly accosted her on the set of the film Arthur because he was already years into his decades-long sobriety during production.   In paperwork filed Monday as his answer to the woman’s Nov. 6 complaint, Brand says the “entire lawsuit” is premised on the “false claim” that he was visibly intoxicated when he allegedly exposed himself and assaulted the plaintiff while filming the remake of the…

Stray Souls developer Jukai Studio is shutting down. The studio cited poor sales and reception of its debut game, as well as cyberbullying."We are aware that you had high expectations for Stray Souls, but we never informed you that only two core individuals, along with contracted personnel, were working on the game," Jukai Studio explained in a statement last month."We did everything in our power to bring the project to completion in the best possible for, but throughout the duration, we, our publisher,…

Paytm layoffs: Just a day after reports suggested Google may fire as many as 30000 employees due to AI rendering those jobs useless, Paytm's parent company One97 Communication has given the pink slip to more than 1000 employees across different departments as a cost-cutting measure. As per reports, the Paytm layoffs took place over the last few months. One of the major reasons that enabled the company to restructure its workforce was the advancement in artificial intelligence (AI), which led to some positions being…

It’s no secret that Donald Trump has long promised a widespread immigration crackdown should he retake the White House in 2024. Still, in recent weeks the former president’s rhetoric on immigration has reached an authoritarian fever pitch. On Friday, Trump justified his desire for mass deportations by claiming that American schools “are loaded up with people that don’t speak a word of English.”  During an appearance on the Eric Bolling Podcast, Trump ranted at length about the influx of migrants entering the…

Microsoft CEO Satya Nadella just dropped a short video on X (formerly Twitter) where he highlighted the achievements of the company in the artificial intelligence division. In the ‘Pace of AI innovation in 2023' video, he provided a few examples where organizations used AI tools by the company to make a positive impact on the world. Microsoft launched Copilot earlier this year, powered by OpenAI's GPT technology, and used it to build its own AI products for enterprises. In the span of just a few months, Microsoft has…

The industry faces new headwinds after California in October suspended the permit of General Motors' Cruise robotaxis to test on public roads.The U.S. Transportation Department needs to support the development of autonomous vehicles, a coalition of groups representing the industry warned on Thursday, saying the nascent industry risks losing out to competitors like China."The AV industry is at a critical juncture and in need of strong leadership from USDOT," the…

Threads took the world by storm when it launched on July 6 and it soon became the fastest platform ever to reach 100 million users, a feat that it took just 5 days to achieve. However, it has not been all smooth sailing for the platform. Moving past the initial days, Threads saw a drop in user engagement and traffic while facing competition from Elon Musk's X. To get the traction back, Meta has been introducing a lot of new features on Threads lately, including keyword search. However, Instagram boss Adam Mosseri…

Brokerage firm, Zerodha, on Monday said that “unusual number of password reset requests being generated” had caused login issues for users on its trading app Kite, earlier in the day. It said that to mitigate the technical glitch it had “temporarily suspended fresh password resets which reduced the load on the system”, leaving users unable to login.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM LucknowIIML Executive Programme in…

Federal prosecutors are pushing back against NBA YoungBoy‘s request to relax the rules of his Utah house arrest due to his “deteriorating” mental health and declining sales of his music. In a new court filing Monday, prosecutors said the rapper’s motion to make outside studio visits and “certain” life-enrichment activities approvable by his pretrial officer is “hopelessly vague” and should be denied by the judge overseeing his pending Louisiana gun case. “The United States fails to see how the defendant’s current…