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Even the ‘godmother of AI’ has no idea what AGI is

Are you confused about artificial general intelligence, or AGI? It’s that thing OpenAI is obsessed with ultimately creating in a way that “benefits all of humanity.” You may want to take them seriously since they just raised $6.6 billion to get closer to that goal. But if you’re still wondering …

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China’s Cash Funds Lose Billions in Rush Back to Stock Market

(Bloomberg) — Billions of dollars have exited China’s largest money market exchange-traded funds just as billions more flowed into ETFs tracking equities, signaling that Beijing has finally drawn skeptical investors back to the country’s struggling stock market. Most Read from Bloomberg Last week, China’s 10 largest money market ETFs saw …

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Initialized Capital restructures, and lets multiple partners go

Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar, announced yesterday that it let multiple people go …

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Biden’s Student Loan Forgiveness Plan Blocked Again

Not even a full day after a small win was announced for the Biden administration’s student loan forgiveness plan, a Missouri judge issued an injunction against the plan, placing it back on pause. The Biden administration’s second attempt at widespread student loan forgiveness, often called “Plan B” by student loan …

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