Monthly Archives: October 2022

Meta’s chief business officer said the company is ‘probably not the right place’ for employees who aren’t comfortable with its changing focus on the metaverse

Meta logo Arnd Wiegmann/Reuters Meta executive Marne Levine discussed the changes underway amid the company’s focus on the metaverse. She said Meta employees have an “acceptance that things are going to change and evolve.”  “If you’re not comfortable with that, it’s probably not the right place for you,” she said.  Acceptance of change is vital…

The Fed is draining the stock market and even the ‘healthy fish’ will die, billionaire investor Barry Sternlicht says

Barry Sternlicht. Thomson Reuters The Fed’s scramble to hike rates and lower liquidity is draining the stock market, Barry Sternlicht warned. The billionaire investor pointed to the Fed’s delayed response to inflation, which risks tipping the economy into a recession. “So you thought the healthy fish would survive and the sick fish would die. But…

The student-loan forgiveness application will cost the US government nearly $100 million per year to process, Biden’s Education Department estimates

Getty Images The Education Department estimates the student-loan forgiveness application will cost nearly $100 million per year. The costs come from servicer processing and borrower support, among other things. Borrowers just got a first look at the application that should become available later this month. Creating the student-loan forgiveness application isn’t cheap, new documents show….

Microsoft’s Teams Premium service uses AI to recap your meetings

Microsoft might have a way to make Teams a more enticing option for meetings: make AI tackle the dirty work. The company is launching a Teams Premium offering for Microsoft 365 that uses AI to greatly simplify meeting management. Most notably, an “Intelligent Recap” feature automatically creates tasks, chapters and even personalized highlights. Miss a…

The original space tourist hopes to go to the Moon with SpaceX

SpaceX’s next lunar passengers could include one of the earliest civilian spacefarers. As CBS Newsreports, original space tourist Dennis Tito and his wife Akiko have signed up as passengers on the company’s second planned Moon voyage. They aim to travel within roughly five years, joining 10 other travelers aboard Starship. Tito didn’t say how much…