Week 11 Reading Recap for 2023

ARTICLES

A Chinese Businessman's Trek From Beijing Gadfly to Steve Bannon Confidant to Fraud Suspect

Chinese businessman Guo Wengui, who gained attention by lobbing corruption allegations at Beijing from a Manhattan penthouse and later launched a media company with Trump confidant Steve Bannon, was arrested Wednesday and accused of orchestrating a $1 billion fraud.

https://www.wsj.com

Baidu's ChatGPT Rival Launches to Mixed Reviews

BEIJING-At an intimate event space in Baidu Inc.'s Beijing headquarters on Thursday, the Chinese search giant's Chief Executive Robin Li sought to wow an in-person and online audience by introducing its AI-powered chatbot, Ernie Bot.

https://www.wsj.com

WSJ News Exclusive | TikTok CEO's Message to Washington: A Sale Won't Solve Security Concerns

WASHINGTON-TikTok's boss has a message for the Biden administration and Congress: A sale won't resolve America's national-security concerns over the popular video app. Chief Executive Shou Zi Chew said in an interview that divesting the company from its Chinese owners- a move the U.S.

https://www.wsj.com

Jerome Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises

WASHINGTON-Chair Jerome Powell said the Federal Reserve would consider raising interest rates by a larger half percentage point this month and was likely to lift rates higher than previously expected this year to cool an economy that has shown surprising strength.

https://www.wsj.com

OpenAI co-founder on company's past approach to openly sharing research: "We were wrong"

Yesterday, OpenAI announced GPT-4, its long-awaited next-generation AI language model. The system's capabilities are still being assessed, but as researchers and experts pore over its accompanying materials, many have expressed disappointment at one particular feature: that despite the name of its parent company, GPT-4 is not an open AI model.

https://www.theverge.com