ibt-mailJan 8, 2025, 9:57 AM

Trump Growing Annoyed With Elon Musk: Report

Newsletter Jan 8, 2025 Quick Six Trump already growing annoyed with Elon Musk: Report Donald Trump is reportedly growing irritated with Elon Musk's constant presence at Mar-a-Lago, despite the tech

Newsletter Jan 8, 2025

Quick Six

Trump already growing annoyed with Elon Musk: Report
Donald Trump is reportedly growing irritated with Elon Musk's constant presence at Mar-a-Lago, despite the tech billionaire's significant financial support and new role in his administration. Musk has become one of president-elect's prominent allies, contributing over $250 million to his 2024 presidential campaign and rallying support on social media. Musk's support earned him a leadership role in the Department of Government Efficiency, a new agency aimed at reducing wasteful government spending.
SEE WHY SOURCES CITE TENSIONS BETWEEN THE TWO

Biden administration bans medical debt from credit reports
President Joe Biden's administration has banned the inclusion of medical debt on credit reports, a move that could benefit 15 million Americans by removing $49 billion in unpaid medical bills from their records. Vice President Kamala Harris announced the new rule in a White House statement, and said the Consumer Financial Protection Bureau (CFPB) will expunge medical debt that's negatively effecting consumers' credit ratings score.
HOW BIDEN'S NEW RULE COULD HELP 15M AMERICANS

Nvidia CEO unveils highly anticipated 50-series chips at CES
Nvidia unveiled its highly anticipated RTX 50-series chips -- GeForce RTX 5090, RTX 5080 and RTX 5070 -- for desktops and laptops targeting gamers, creators and developers. The rollout was made by CEO Jensen Huang in his keynote address to open CES 2025 in Las Vegas. These new high-tech chips are designed to deliver enhanced graphics and faster speeds with improved rendering powered by the advanced Blackwell architecture.
FIND OUT WHY THE NEW CHIPS HAVE GAMERS EXCITED

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Markets

DJIA	42,528.36	-0.42%
S&P 500	5,909.03	-1.11%
Nasdaq Composite	19,489.68	-1.89%
Japan: Nikkei 225	40,083.30	1.97%
UK: FTSE 100	8,245.28	-0.05%
Crude Oil Futures	74.67	0.57%
Gold Futures	2,664.10	-0.05%
Yen	158.20	0.09%
Euro	1.03	0.02%
* As of market close

NASA to cut costs with SpaceX, Blue Origin

NASA announced Tuesday it may turn to Elon Musk's SpaceX or Jeff Bezos's Blue Origin to help reduce the soaring costs of returning Martian rocks collected by the Perseverance rover to Earth. Originally planned to deliver 30 sample tubes to Earth by the 2030s, the Mars Sample Return mission has faced rising expenses and delays, prompting the US space agency to explore more streamlined solutions. The pivot comes as China progresses towards a simpler "grab-and-go" sample return mission to the Red Planet "around 2028," according to state media, potentially making it the first nation to achieve the feat.

THE HIGH COSTS OF RETRIEVING ITEMS FROM MOON, MARS

AI in 2025: Experts predict bursting bubble

Over the last few years, artificial intelligence, especially generative AI (Gen AI), has attracted enormous investments, stirring up huge expectations. Co-founder of Technosophics Adi Andrei, research fellow at University College London (UCL) Ali Chaudhry, both of whom are members of Oxylabs' AI/ML Advisory Board, and the company's CEO Julius Černiauskas agree that there will be obstacles for a continuation of this hype in 2025. Yet, the experts also expect the upcoming year to be marked with exciting developments in AI and machine learning.

SEE HOW MACHINE LEARNING WILL REVOLUTIONIZE GEN AI

Meta under fire for ditching fact-checkers

Tech giant Meta's shock announcement to end its US fact-checking program triggered scathing criticism Tuesday from disinformation researchers who warned it risked opening the floodgates for proliferating false narratives. Meta Chief Executive Mark Zuckerberg announced the company was going to "get rid" of its third-party fact-checkers in the US, a sweeping policy shift that analysts saw as an attempt to appease anti-fact checker President-elect Donald Trump.

SEE WHY ZUCKERBERG IS BEING CRITICIZED FOR THE MOVE

Extra point

What is the most popular social media platform? How many users?

Tuesday's answer: German immigrant and baker Charles Feltman is credited with inventing the hot dog on a bun in 1867 on Coney Island.

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