US Tightens Grip on China

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What’s Hot. Global temperatures have hit a historic high, breaking the record for the hottest day twice in two days. The temperature on July 4 reached 17.18°C, surpassing the previous day's 17.01°C and the 2016 record of 16.92°C, with predictions that the record may soon be broken again. Friederike Otto, a climate scientist, warned, "It’s a death sentence for people and ecosystems." Climate change and emerging El Nino are culprits. Stay safe & beat the heat!

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💼 US Tightens Grip on China's AI Chip and Cloud Computing

The US is set to restrict China's access to advanced AI chips via cloud computing, as part of an ongoing feud over cutting-edge technology access, according to a WSJ report. The proposed policy would require US cloud service providers to seek government approval before granting access to Chinese consumers, effectively closing loopholes for tech export controls. Amid this, China is imposing export restrictions on crucial tech-production minerals and banning business with US chipmaker, Micron Technology.

🍽️ Deutsche Bank: Student Loan Restart Could Impact Hospitality, Retail Sectors

US suspension of federal student loan payments expires this summer, Deutsche Bank warns of a potential economic hit to eCommerce companies, bars, restaurants & major retailers. This follows the Supreme Court's rejection of a Biden administration plan to cancel up to $20,000 in student loans. The resumption of loan payments could shrink consumer spending by $14 billion per month, impacting companies like Macy's, Target & Kohl's. Despite the forecast, the US economy remains resilient, demonstrating surprising durability in the face of challenges.

🚀 Gaza Fires Rockets Amid Israeli Attacks in West Bank and Tel Aviv

An Israeli military operation in Jenin, West Bank, left 12 Palestinians and one Israeli soldier dead, sparking violence across the region. In response to a rocket attack from Gaza, Israel targeted Hamas weapon facilities. A Palestinian attack in Tel Aviv injured eight people, including a pregnant woman who lost her baby. Amid escalating tensions, the U.N. Security Council is set to discuss the situation on Friday. "At this moment we are completing the mission," stated Prime Minister Benjamin Netanyahu, while the Palestinian Authority announced the cessation of contact with Israel over the raid.

🇷🇺 Russia's Combat Power Halved Since Ukraine Invasion, UK Official States

Russia has lost nearly half its combat power since its invasion of Ukraine, according to the head of the UK's armed forces, Admiral Sir Tony Radakin. Citing Russia's ability to replace lost equipment and soldiers, he claimed that Russia is "so weak" it can't launch a counter-offensive. His statement aligns with previous assessments suggesting high Russian casualties and significant damage to Russia's elite infantry and armored fighting brigades.

💻 Seven Tech Giants Acknowledge EU Gatekeeper Status

Seven tech giants, including Alphabet, Amazon, Apple, ByteDance, Meta, Microsoft, and Samsung, have acknowledged their status as gatekeepers under the EU's Digital Markets Act (DMA). This means they must follow new rules like prohibiting user lock-ins, preventing self-preferential treatment, and ensuring interoperability of their messaging apps. Non-compliance risks fines up to 10% of global turnover, with repeat offenders facing 20% penalties. Some companies like Apple are already planning changes to comply.

🔍 Google to Scrape Data for AI Training, Privacy Policy Updated

Google has updated its privacy policy, stating it can use any publicly available data for artificial intelligence (AI) training. The policy change includes Google's AI models, Bard, and Cloud AI capabilities. This development comes after OpenAI faced a lawsuit for allegedly using private data from the internet for AI training. This change in policy highlights the increasing concerns over data scraping for AI development.

🌭 Chestnut Conquers Rain, Seizes 16th Mustard Belt

Joey "Jaws" Chestnut triumphed in Nathan's Famous Fourth of July Hot Dog Eating Contest, clinching his 16th Mustard Belt by devouring 62 hot dogs and buns despite a rain delay. Miki Sudo won her ninth women's title with 39½ hot dogs. Notably, Chestnut stated, "Everybody got messed up," reflecting on the weather's impact on the competition. The contest was a global event, attracting participants from several countries and overcoming the weather challenge to carry on the tradition.

⚡ Radcliffe Rules Out Role in Harry Potter TV Series

Daniel Radcliffe stated that he's not planning to appear in Max’s forthcoming 10-year-long Harry Potter TV series, expected to premiere around 2025/2026. He expressed his excitement for the "torch" to be passed on and wished the team luck. The series promises to be a "faithful adaptation" of the books and includes Harry Potter author J.K. Rowling as an executive producer.

🔫 Philadelphia Shooting Claims Five Lives Over July 4

A 40-year-old man killed five people and wounded others, including a 2-year-old and a 13-year-old, in Philadelphia on Monday night, in the deadliest incident of violence in the U.S. around the July 4 holiday. The man, who wore body armor and carried an assault rifle and pistol, was later arrested. Philadelphia Police Commissioner Danielle Outlaw praised the officers who apprehended the suspect, stating their actions "undoubtedly saved additional lives.”

🎨 Black Artists Allege A.I. Bias Erases Their History

Black artists are highlighting racial bias in AI, as algorithms often distort or stereotype Black identities. Stephanie Dinkins has found machine distortions in facial features & hair textures when generating images of Black women. Major AI companies acknowledge the bias & pledge to improve their tools. Artist Linda Dounia Rebeiz notes AI often adheres to existing internet stereotypes, rather than producing accurate representations. Critics suggest addressing biases goes beyond diversifying data sets & requires a fundamental reassessment.

⛽Sheetz drops gas prices to $1.776

In celebration of Independence Day, convenience store chain Sheetz reduced gas prices to $1.776 per gallon, resulting in significant traffic jams in the Cleveland area. The discount was applied to various fuel grades, excluding diesel, at all locations. The North Ridgeville police responded by restricting traffic, advising the public, "If you want to make it to your BBQ on time, we highly recommend avoiding the area."

On July 5, 1989, we were first introduced to Jerry, Elaine, George, and Kramer. Yes, the inaugural episode of 'Seinfeld,' initially 'The Seinfeld Chronicles,' beamed on NBC, and it forever etched itself in the heart of American pop culture!

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