Author: IQ TIMES MEDIA

WASHINGTON (AP) — When the children of wealthy households leave the nest, they often benefit from their parents’ largesse in the form of a trust fund. Less affluent peers may receive nothing at all — or even be expected to support their families when they become adults.But what if all children, regardless of their family’s circumstances, could get a financial boost when they turn 18?That’s the idea behind “Trump Accounts,” a lesser-known provision of President Donald Trump’s tax legislation. The bill, signed into law earlier this year, gives $1,000 to every newborn, so long as their parents open an account.…

2025-12-02T17:29:48.661Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Ken Burns agreed to let Apple use his photo panning style in iMovie for $1 million worth of equipment. Steve Jobs proposed naming the Mac feature after Burns’ filmmaking technique, and he initially said no. The feature is still present on Apple devices today. Ken Burns almost told Steve…

BOSTON (AP) — Former U.S. Treasury Secretary Larry Summers was banned for life Tuesday from an academic society in the latest fallout over recently released emails showing he maintained a friendly relationship with Jeffrey Epstein after the disgraced financier pleaded guilty to soliciting prostitution from a minor.The American Economic Association, a nonprofit scholarly association dedicated to economic research, said it had accepted Summers’ resignation and banned him for life from “attending, speaking at, or otherwise participating” in its events. “The AEA condemns Mr. Summers’ conduct, as reflected in publicly reported communications, as fundamentally inconsistent with its standards of professional integrity…

ChatGPT’s unwelcome suggestion for a Peloton app during a conversation led to some backlash from OpenAI customers. People feared that ads had arrived, even for paid customers. OpenAI, however, clarified that the app suggestion was not an advertisement, but instead a poor attempt to integrate an app discovery feature within conversations. In a post on X, which has since been viewed nearly 462,000 times, AI startup Hyperbolic’s co-founder, Yuchen Jin, shared a screenshot where ChatGPT seemingly suggested connecting the Peloton app in an unrelated conversation. Worse still, Jin noted he was a paid subscriber to ChatGPT’s $200 per month Pro…

Amazon Web Services’ big annual event, re:Invent 2025, is getting into full swing in Las Vegas today. Last year’s event was largely focused on their AI efforts, including new foundation models, services tackling AI hallucinations, and new security measures. And this year is likely to follow suit, based on what Amazon has announced so far and the lineup of speakers and programming that you can explore in more detail below. The event formally kicks off this morning, December 2, at 8 a.m. PT. You can expect editorial coverage of the keynotes, interviews with AWS execs, and a roundup of news…

Amazon Web Services, which has been building its own AI training chips for years now, just introduced a new version known as Trainium3 that comes with some impressive specs. The cloud provider, which made the announcement Tuesday at AWS re:Invent 2025, also teased the next product on its AI training product roadmap: Trainium4, which is already in the works and will be able to work with Nvidia’s chips. AWS used its annual tech conference to formally launch Trainium3 UltraServer, a system powered by the company’s state-of-the art, 3 nanometer Trainium3 chip, as well as its homegrown networking tech. As you might…

Amazon Web Services (AWS) is bulking up its AI agent platform, Amazon Bedrock AgentCore, to make building and monitoring AI agents easier for enterprises. AWS announced multiple new AgentCore features on Tuesday during the company’s annual AWS re:Invent conference. The company announced new tools for managing AI agent boundaries, agent memory capabilities, and agent evaluation features. One upgrade is the introduction of Policy in AgentCore. This feature allows users to set boundaries for agent interactions using natural language. These boundaries integrate with AgentCore Gateway, which connects AI agents with outside tools, to automatically check each agent’s action and stop those…

Simular, a startup building AI agents for Mac OS and Windows, has raised a $21.5 million Series A led by Felicis, with NVentures (Nvidia’s venture arm), existing seed investor South Park Commons, and others joining in.   Simular is an interesting agentic startup because unlike others, it isn’t trying to control the browser but the PC itself. (Agentic AI refers to systems that can autonomously complete complex tasks with minimal human intervention.) “We can literally move the mouse on the screen and do the click. So it’s more capable of doing, repeating whatever human activities in the digital world,” co-founder CEO Ang…

French AI startup Mistral launched its new Mistral 3 family of open-weight models on Tuesday, a launch that aims to prove it can lead in making AI publicly available and serve business clients better than Big Tech rivals.The 10-model release includes a large frontier model with multimodal and multilingual capabilities and nine smaller offline-capable, fully customizable models. The launch comes as Mistral, which develops open-weight language models and Europe-focused AI chatbot Le Chat, has appeared to be playing catch up with some of Silicon Valley’s closed-source frontier models. Open-weight models release their model weights publicly so anyone can download and…

On the first Sunday after being named leader of the Catholic Church in May 2025, Pope Leo XIV stood on the balcony of St. Peter’s Basilica in Rome and addressed the tens of thousands of people gathered. Invoking tradition, he led the people in noontime prayer. But rather than reciting it, as his predecessors generally did, he sang.In chanting the traditional Regina Caeli, the pope inspired what some have called a rebirth of Gregorian chant, a type of monophonic and unaccompanied singing done in Latin that dates back more than a thousand years.The Vatican has been at the forefront of…