Google to Invest over $100B in AI

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SCIENCE AND TECHNOLOGY

🚀 Google's AI Investment to Surpass $100 Billion

Google plans to invest over $100 billion in AI development, announced by DeepMind CEO Demis Hassabis at a TED conference. The move signifies Silicon Valley's fierce AI competition. While not confirming, Hassabis hinted Google's investment surpasses the rumored $100 billion "Stargate" project. As Hassabis puts it, "We don’t talk about our specific numbers, but I think we’re investing more than that over time." 

🛠️ Adobe Unveils Revolutionary AI Tools for Premiere Pro

Adobe unveils AI video tools for Premiere Pro, mirroring Photoshop's capabilities with New features including Generative Extend, Object Addition & Removal for efficient editing. They're considering integrating third-party AI models like OpenAI Sora. Adobe is also announcing its AI-powered audio workflows in Premiere Pro, which will add new fade handles, clip badges, dynamic waveforms, and AI-based category tagging.

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WORLD

📈 China's Economy Surpasses Expectations with 5.3% Growth in First Quarter

China's Q1 GDP grew 5.3%, beating forecasts, driven by 14% export growth. While March's industrial output (4.5%) and retail sales (3.1%) fell short. Real estate sector woes persist with a 9.5% investment decline with Major firms facing liquidity issues. Analysts note imbalanced growth and weak domestic demand. Bruce Pang, an economist warns "Optimism will likely be tempered by muted domestic demand."

🚀 House Speaker Mike Johnson Urges Vote on Aid for Israel, Ukraine, and Taiwan

House Speaker Mike Johnson is navigating political divides to pass aid for Israel, Ukraine, and Taiwan, splitting the package for House votes amidst conservative resistance to aiding Ukraine. The bill's final shape remains unclear against the Senate's $95 billion proposal, with global tensions mounting. President Biden stresses urgency, while Johnson asserts, "We're having to govern here, and we're going to do our job." 

BUSINESS AND ECONOMY

📈 American Workers Seek Record Wages for Job Changes

The lowest wage American workers are now willing to accept for a new job has hit a record high of $81,822.  Despite rising demands, employers are offering lower starting wages where Job seekers have risen to 25.1%, the highest since 2014, especially among men and those over 45 without a college degree while concerns persist over inflation possibly derailing economic progress. 

🔗 Biden Administration to Fund $6.4 Billion Samsung's Texas Chip Plant Expansion 

Biden's administration secures a $6.4 billion Samsung deal to boost semiconductor manufacturing in Texas. Samsung will invest $40 billion targeting 21,500 jobs, Biden emphasizing this reduction in reliance on foreign chip supplies, stated, “These facilities will produce some of the most powerful chips in the world, essential for advanced technologies like artificial intelligence and will bolster U.S. national security." 

SPORTS & ENTERTAINMENT

🎬 Keanu Reeves Cast as Shadow in "Sonic 3"

Keanu Reeves joins the cast of "Sonic the Hedgehog 3" as the voice of Shadow, showing the excitement around the franchise inspired by the Dreamcast game "Sonic Adventure 2." This film is set for a December 20 release, building on the success of its predecessors with the first movie grossing $319 million and the sequel $404 million globally hinting at a plot influenced by Shadow's debut game. 

🏀 WNBA Commissioner Confident Expansion to 16 Teams by 2028 Possible

WNBA Commissioner Cathy Engelbert is steering the league toward substantial expansion, eyeing 16 teams by 2028, with a possible 14th team as early as 2026, including the Golden State Warriors' new franchise. WNBA Commissioner Cathy Engelbert emphasizes stating "No one wants [charters] more than I do for these players. We need to be in the right financial position."  

🏒 McDavid Joins NHL's 100-Assist Club

Edmonton Oilers' Connor McDavid made NHL history with his 100th assist against the San Jose Sharks, joining Gretzky, Lemieux, and Orr. His milestone aided in the Oilers' 9-2 win over the San Jose Sharks. Reflecting on this achievement, McDavid said, "Those three are obviously three of the greatest players to ever play. To share a little something with them, it means a lot to me."

OTHER NEWS

🔍 US Justice Department Plans Antitrust Lawsuit Against Live Nation

The U.S. Department of Justice gears up to sue Live Nation Entertainment over antitrust concerns, triggered by Ticketmaster's mismanagement during Taylor Swift's tour with senators criticizing Ticketmaster's opaque fees and bot-purchase issues, as Live Nation faces allegations of monopolistic practices, impacting concert-goers.

📊 Biden's 2023 Earnings Hit $620K Pays 23.7% Federal Tax

President Joe Biden and First Lady Jill Biden disclosed paying $146,629 in federal income taxes for 2023, with a joint income of $619,976, representing a 23.7% effective federal tax rate. While President Biden upholds transparency, surpassing his predecessors by releasing extensive tax records, former President Trump deviates from this norm by withholding his returns. 

📰 Trump trial: Dozen of jurors rejected for impartiality

Dozens of potential jurors were dismissed from Donald Trump's criminal trial in New York due to impartiality concerns. Trump faces charges of falsifying recording to hide hush money to Stormy Daniels before the 2016 election. Challenges in finding impartial jurors were evident, with one prospective juror stating, "I just couldn't do it." Jury selection continues amidst high-profile scrutiny, with Trump's team denying claims of courtroom drowsiness.

THIS DAY THAT YEAR

On April 16, 2003,  Michael Jordan permanently shelved his jersey, leaving an indelible mark on the sport's history. Though he had previously retired at 35 in 1999 with the Bulls, his passion for the game beckoned him back, donning the Wizards' colors.  

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