OpenAI has officially launched GPT-5, the latest version of its AI model, which CEO Sam Altman claims possesses intelligence comparable to a Ph.D.-level expert. The new model is described as faster, more accurate, and significantly better at complex tasks like coding, writing, and answering health-related questions. A basic version of GPT-5 will be available for free to users globally, with paid tiers for higher usage, as part of the company's mission to ensure AI benefits all of humanity. This release marks a major step forward in accessibility and capability since ChatGPT's initial launch.
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CBS NewsGrocery delivery company Instacart reported second-quarter financial results that surpassed analyst expectations for both earnings and revenue, causing its stock to jump in after-hours trading. The company's gross transaction value grew 11% year-over-year, and it issued a strong forecast for the current quarter. The positive report comes as outgoing CEO Fidji Simo prepares to step down, with business chief Chris Rogers set to take over the leadership role she held through the company's major growth period. (not investment advice)
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CNBCPinterest's stock fell over 10% after the company reported mixed second-quarter results, with earnings per share falling short of analyst expectations. However, the social media platform exceeded forecasts for revenue and global monthly active users, which grew to 578 million, driven by a strong Gen Z user base. The company also provided a third-quarter sales forecast that topped estimates, signaling confidence in its future performance despite the market's immediate negative reaction to its earnings miss. (not investment advice)
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CNBCOnline sports betting giant Flutter, which owns FanDuel, reported second-quarter earnings and revenue that beat Wall Street expectations, driven by strong performance in the U.S. market. The company's U.S. revenue and adjusted earnings were significantly higher than anticipated, with June delivering a record gross revenue margin. Consequently, Flutter raised its full-year guidance, though its CEO expressed concern that rising state taxes could negatively impact casual users in the future. (not investment advice)
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CNBCDoximity, a social networking platform for physicians, has acquired AI startup Pathway Medical for $63 million to enhance its service offerings. Pathway has developed a clinical reference tool that uses AI to provide doctors with synthesized answers to questions about medical guidelines, drugs, and trials. This strategic acquisition aims to make Doximity a primary resource for clinical information, leveraging Pathway's robust structured medical dataset to provide reliable, AI-powered answers and improve physician workflow. The company also reported strong quarterly earnings.
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CNBCEngland opener Zak Crawley delivered a stellar performance, scoring an unbeaten 67 runs from 38 balls to lead the Northern Superchargers to an eight-wicket victory over Welsh Fire in The Hundred cricket tournament. Crawley, making his debut for the team, anchored a successful chase of 144 runs, reaching the target with 11 balls remaining. The Superchargers' bowlers had earlier restricted the Fire to a manageable total, with key wickets taken by Matthew Potts, Adil Rashid, and Imad Wasim.
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BBCA federal judge has temporarily halted further construction at a controversial immigration detention facility in the Florida Everglades, known as 'Alligator Alcatraz.' The ruling responds to a lawsuit from conservation groups and the Miccosukee Tribe, who argue the project violates environmental laws by threatening fragile wetlands and sacred lands. While the facility can continue to hold detainees, the two-week restraining order prevents any new paving or infrastructure work while the court considers the case's environmental claims.
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The GuardianA recipe for the classic Roman pasta dish cacio e pepe on the popular UK website Good Food has caused widespread anger in Italy for its departure from tradition. The recipe included non-traditional ingredients like parmesan and butter, and even suggested adding double cream, while misrepresenting the famously challenging dish as a quick meal. The controversy escalated to the point where an Italian restaurant association lodged a complaint with the British embassy in Rome to defend the authentic three-ingredient recipe.
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BBCIn a victory for environmental advocates, the California Supreme Court has ruled that a legal challenge against the state's cuts to rooftop solar incentives can proceed. The unanimous decision sends the case back to an appeals court, which had previously deferred to the Public Utilities Commission's (PUC) expertise. The lawsuit, filed by three environmental groups, argues that the PUC violated state law in 2022 when it drastically reduced the value of credits homeowners receive for sending surplus solar power to the grid.
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LA TimesSpace technology company Firefly Aerospace had a successful public debut on the Nasdaq, with its stock closing over 34% higher and valuing the company at roughly $8.5 billion. The rocket and lunar lander maker raised $868 million after pricing its shares above the expected range, reflecting strong investor appetite. With a growing list of customers including NASA and Northrop Grumman, Firefly's strong market entry signals continued momentum for the commercial space industry. (not investment advice)
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CNBCPresident Trump signed an executive order that encourages the inclusion of alternative assets, such as private equity, real estate, and cryptocurrencies, in 401(k) retirement plans. The order directs the Department of Labor to review its guidance for plan fiduciaries, a move celebrated by the alternative asset industry. While proponents argue this could offer investors better returns and diversification, these assets are also associated with higher risks, less transparency, and higher fees compared to traditional investments. (not investment advice)
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CNBCThe sequel "Freakier Friday" reunites Jamie Lee Curtis and Lindsay Lohan for another body-swap comedy, this time involving a four-way switch with their respective grandmother and daughter characters. According to this review, the film's primary appeal is the chemistry between its original stars, as the plot itself feels rushed and lacks the emotional weight of the 2003 movie. While enjoyable for fans, the movie is framed as a serviceable but ultimately disposable comedy that relies more on hijinks and cameos than on a compelling story.
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LA TimesShares for language-learning app Duolingo skyrocketed nearly 14% after the company significantly boosted its full-year financial guidance. This optimistic forecast is driven by a 40% jump in daily active users, which the company attributes to the successful implementation of AI tools and an expansion into new subjects like chess and music. The company exceeded its own expectations for bookings and revenue while simultaneously increasing profitability, signaling strong continued growth. (not investment advice)
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CNBCAd-tech company AppLovin's stock surged 12% following a better-than-expected second-quarter earnings report, continuing its massive rally from the previous year. The company's growth is fueled by AI technology that improves ad targeting in mobile games. CEO Adam Foroughi also told analysts that he expects future benefits from the legal battle between Apple and Epic Games, which could free up developer budgets for more advertising, creating a significant tailwind for AppLovin's platform. (not investment advice)
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CNBCLos Angeles Rams quarterback Matthew Stafford is set to resume workouts this Saturday as he recovers from a back issue, coach Sean McVay announced. Stafford has been dealing with an aggravated disc and recently received an epidural as part of a planned recovery schedule. McVay expressed optimism, stating that Stafford's workload will gradually increase and that he would be playing right now if it were the regular season, suggesting a positive outlook for his return.
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LA TimesThe new horror film "Weapons," from "Barbarian" director Zach Cregger, receives a positive review for its compelling and unconventional narrative. The movie centers on the mysterious disappearance of 17 third-graders and tells the story through the overlapping perspectives of six different protagonists, creating a sense of designed disorder. The review praises the film's ability to build suspense and its strong, unsettling ending, even if some of its symbolic elements don't fully hold up to scrutiny after viewing.
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LA TimesThe 23rd annual Martha's Vineyard African American Film Festival is celebrated as a vital and welcoming space for Black filmmakers to showcase their work. The article highlights the festival's role in nurturing ambitious projects, from a new visual album by rapper Slick Rick to a Netflix series by creator Mara Brock Akil. In an industry climate where diversity initiatives are facing pushback, the festival is described as a crucial venue for building community and supporting Black voices in entertainment.
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NPRThis article clarifies the legal process debt collectors must follow to freeze a person's bank account. A collector cannot act arbitrarily; they must first file a lawsuit and obtain a court judgment, a process which gives the debtor a chance to respond. Even with a judgment, certain funds are legally protected from garnishment, including Social Security, disability, and veteran's benefits. The article stresses that understanding these rights and responding to legal notices is the best way for consumers to protect their finances.
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CBS NewsThis article analyzes the potential earnings of a $20,000 deposit in a 3-month CD versus a money market account, given the current interest rate environment. While a money market account may currently offer a slightly higher rate, that rate is variable and likely to fall if the Federal Reserve issues cuts. In contrast, a CD offers a fixed rate, providing predictable, guaranteed earnings that could prove more advantageous for savers seeking to maximize returns over a short, defined period. (not investment advice)
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CBS NewsA weekly survey of individual investors has revealed the largest single-week increase in bearish sentiment since the market peak in February. According to the American Association of Individual Investors, over 43% of those polled are now negative on the stock market's six-month outlook. However, some market strategists view this widespread pessimism as a contrarian bullish sign, theorizing that when most retail investors are fearful, they have already sold stocks, creating cash to fuel a future rally. (not investment advice)
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