business and industry sectors

A first generation iPhone going up for auction hopes to fetch $50,000

New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …

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Bugatti just sold its last purely gas-powered car for more than $10 million

New York CNN — Bugatti sold its last purely gas-powered supercar at a Paris auction Wednesday for more than $10 million, setting a world auction record for a new car. Originally a special development model that was never intended to be sold, the one-of-a-kind Bugatti Chiron Profile sold at RM Paris collector car auction for …

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Shell posts profit of nearly $40 billion and announces $4 billion in buybacks

Hong Kong/London CNN — Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after oil and gas prices soared following Russia’s invasion of Ukraine. Europe’s largest oil company by revenue reported adjusted full-year earnings of $39.9 billion on Thursday — more than double …

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Meta shares surge nearly 20% as Zuckerberg pledges to make 2023 a ‘year of efficiency’

New York CNN — For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven potential. But after a brutal year in which the company lost more than $600 billion in market value, Zuckerberg has started speaking Wall Street’s language — and they are rewarding him …

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ChatGPT creator launches subscription service for viral AI chatbot

CNN — OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that offers users Priority access to the AI ​​chatbot even during peak times. The paid plan, called ChatGPT Plus, comes two months after the tool was released publicly and quickly went viral, thanks to its ability to …

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Biden proposes a ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets

CNN — President Joe Biden announced new progress Wednesday on his administration’s “competition agenda,” specifically taking aim at junk fees while calling on Congress to pass legislation targeting fees hidden across multiple industries. These costs can “drain hundreds of dollars a year from the pockets of hardworking American families, especially folks who are already struggling …

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ChatGPT creator rolls out ‘imperfect’ AI detection tool to help teachers spot potential cheating

CNN — Two months after OpenAI unnerved some educators with the public release of ChatGPT, an AI chatbot that can help students and professionals generate shockingly convincing essays, the company is unveiling a new tool to help teachers adapt. OpenAI on Tuesday announced a new feature, called an “AI text classifier,” that allows users to …

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Linda Ronstadt ‘Long, Long Time’ streams soar after ‘Last of Us’ episode

CNN — Linda Ronstadt’s “Long, Long Time” appeared not once but three times in Sunday’s episode of “The Last of Us.” And fans of HBO’s newest hit were clearly moved by Ronstadt’s song, as streams of her ballad have ballooned since the episode premiered. Between 11 pm ET and midnight on Sunday, Spotify streams of …

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