Thursday☕️

Trending:
- New York City Crime
- Elon Musk vs OpenAI
Markets:
- Yesterday’s U.S. stock market:

- Yesterday’s commodity market:

- Yesterday’s crypto market:

New York City Crime:
- Governor Kathy Hochul of New York has ordered the deployment of 1,000 members of the National Guard and State Police to patrol the New York City subway system. This decision came in response to a significant increase in serious crimes within the subway, which saw a 47% rise in major felonies in January compared to the previous year, along with three incidents of homicide in the first two months.
- Following these events, Mayor Eric Adams declared the reintroduction of random bag inspections across the subway system. The very next day, Governor Hochul declared that the state's deployment of the National Guard and police would assist in carrying out these random bag checks at some of the subway's most frequented stations. The deployment of National Guard soldiers and State Police officers to the New York City subway occur against the backdrop of New York City's status as a sanctuary city.
- As a sanctuary city, New York City has policies in place that limit cooperation with the federal enforcement of immigration law, aiming to offer protection to undocumented immigrants. This stance has made the city a destination for a significant number of migrants. The influx of migrants has put a strain on the city's infrastructure, including housing, healthcare, and public transportation systems, due to the rapid increase in population needing services and support.
- The New York City Police Department (NYPD) has reported a 38 percent increase in overall crime since last year, attributing part of the rise to the challenges posed by the growing population and the pressure it places on the city's resources. The decision to enhance security measures in the subway system with National Guard and State Police presence, as well as conducting bag checks, is a response not only to the immediate surge in subway felonies and violent incidents but also to the broader context of increasing crime rates in the city.
Elon Musk vs OpenAI:
- Elon Musk has brought a lawsuit against OpenAI and its CEO, Sam Altman, alleging that they have strayed from the company's foundational goal of benefiting humanity to chase after profits. As a key figure in the tech world and an original founder of OpenAI, Musk argues that Altman's actions, particularly the financial partnership with Microsoft, betray the organization's original mission.
- Filed in San Francisco, the lawsuit contends that OpenAI's focus on developing advanced AI technologies capable of performing at or above human levels—known as artificial general intelligence (AGI)—is driven more by profit motives than by the desire to advance societal well-being. It accuses OpenAI of becoming a secretive extension of Microsoft, aimed at bolstering Microsoft's financial bottom line rather than serving humanity's broader interests.
- OpenAI's statement in response to Elon Musk's lawsuit includes detailed references to past communications and decisions to show how their relationship with Musk evolved over time. Initially, Musk supported OpenAI with the idea of securing a large amount of funding to make significant progress in AI development. However, as the project's needs grew, it became clear that even more resources were necessary, leading to discussions about turning OpenAI into a profit-making entity to gather those resources. Musk and OpenAI had disagreements about how this should be done, especially regarding control over the organization, which eventually led to Musk leaving OpenAI.
- After Musk left, he continued to have doubts about OpenAI's success without a drastic increase in funding and resources. OpenAI's statement aims to demonstrate their commitment to their mission of developing AI for the benefit of humanity. They highlight their efforts to make AI technology widely available and useful, pointing out specific instances where their AI has had a positive impact. This is meant to address Musk's lawsuit by showing OpenAI's continuous focus on societal good despite the challenges and disagreements with Musk.
Statistic:
Largest companies by market cap:
- 🇺🇸 Microsoft: $2.987T
- 🇺🇸 Apple: $2.611T
- 🇺🇸 NVIDIA: $2.217T
- 🇸🇦 Saudi Aramco: $2.045T
- 🇺🇸 Amazon: $1.802T
- 🇺🇸 Alphabet (Google): $1.640T
- 🇺🇸 Meta Platforms: $1.264T
- 🇺🇸 Berkshire Hathaway: $874.85B
- 🇺🇸 Eli Lilly: $740.90B
- 🇹🇼 TSMC: $734.32B
- 🇺🇸 Broadcom: $625.61B
- 🇺🇸 Visa: $576.02B
- 🇩🇰 Novo Nordisk: $569.79B
- 🇺🇸 Tesla: $562.24B
- 🇺🇸 JPMorgan Chase: $545.91B
- 🇺🇸 Walmart: $487.75B
- 🇫🇷 LVMH: $459.36B
- 🇺🇸 Mastercard: $439.95B
- 🇺🇸 UnitedHealth: $435.70B
- 🇺🇸 Exxon Mobil: $423.64B
- 🇳🇱 ASML: $404.74B
- 🇺🇸 Johnson & Johnson: $383.81B
- 🇺🇸 Home Depot: $375.65B
- 🇺🇸 Procter & Gamble: $375.47B
- 🇰🇷 Samsung: $365.27B
- 🇺🇸 Costco: $343.10B
- 🇺🇸 AMD: $340.33B
- 🇯🇵 Toyota: $340.19B
- 🇨🇳 Tencent: $331.00B
- 🇺🇸 AbbVie: $319.83B
- 🇺🇸 Merck: $313.41B
- 🇺🇸 Oracle: $308.62B
- 🇺🇸 Salesforce: $294.04B
- 🇨🇳 Kweichow Moutai: $293.18B
- 🇺🇸 Bank of America: $278.84B
- 🇨🇭 Nestlé: $275.92B
- 🇺🇸 Chevron: $275.48B
- 🇫🇷 Hermès: $263.23B
- 🇺🇸 Netflix: $258.65B
- 🇫🇷 L'Oréal: $258.52B
- 🇺🇸 Coca-Cola: $256.80B
- 🇺🇸 Adobe: $245.77B
- 🇨🇳 ICBC: $245.71B
- 🇮🇳 Reliance Industries: $245.58B
- 🇦🇪 International Holding Company: $238.90B
- 🇮🇪 Accenture: $238.77B
- 🇺🇸 Thermo Fisher Scientific: $225.54B
- 🇩🇪 SAP: $225.54B
- 🇺🇸 Pepsico: $224.03B
- 🇬🇧 Linde: $223.26B
Article Links:


Thanks for reading!
TIME IS MONEY: Your Free Daily Scoop of Markets📈, Business💼, Tech📲🚀, and Global 🌎 News.
The news you need, the time you want.

Support/Suggestions Emails:
timeismoney@timeismon.news