Newsletter May 11, 2023

Quick Six

US tightens border security in wake of Title 42's expiration
Tens of thousands of US law enforcement personnel have been deployed to the border with Mexico, officials said Wednesday, as waiting migrants voiced confusion over a looming change to entry rules. The US is girding for a surge of migrants claiming refuge from political persecution, climate-related disaster and poverty when pandemic-era restrictions expired at midnight. President Joe Biden this week warned "it's going to be chaotic for a while."
HOW THE US WILL HANDLE TODAY'S IMMIGRATION CRISIS

ChatGPT CEO to address Congress ahead of AI regulation
The head of the tech company behind ChatGPT will appear before House leadership next week as lawmakers continue to work on speeding up plans for artificial intelligence regulation, a new report revealed. OpenAI CEO Sam Altman is expected to brief House members on AI next week at the US Capitol, Semafor reported. House Speaker Kevin McCarthy told the outlet that the goal was to "make sure we educate everybody on it [AI]."
GOOGLE RELEASES ITS LATEST TECH TO RIVAL CHATGPT

Disney+ sheds subscribers for second consecutive quarter
Subscribers to Disney+ fell for the second straight quarter, the company said on Wednesday, though it stemmed financial losses as it competes with Netflix for viewers. Analysts forecast a rise in subscribers for the period, but a price hike sent customers turning away from the platform that streams Marvel, Star Wars and Disney content. Total subscribers to Disney+ fell to 157.8 million.
HOLLYWOOD WRITERS' STRIKE'S IMPACT ON STREAMING

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Markets

DJIA	33,531.33	-0.09%
S&P 500	4,137.64	0.45%
Nasdaq Composite	12,306.44	1.04%
Japan: Nikkei 225	29,122.18	-0.41%
UK: FTSE 100	7,741.33	-0.29%
Crude Oil Futures	72.81	0.34%
Gold Futures	2,036.50	-0.03%
Yen	134.24	-0.09%
Euro	1.10	0.02%
* As of market close

Biden will host India's Modi to bolster ties

President Joe Biden will host India's Narendra Modi for a state visit in June, while Washington courts New Delhi as a bulwark against China despite disagreements on the delicate subject of Ukraine. The invitation comes amid rising concerns about human rights abuse and democratic backsliding under Modi's Hindu nationalist leadership in India, the world's most populous nation. Washington has long sought to boost India as a counter-influence to an increasingly assertive China in Asia.

UKRAINE SERVES AS A STUMBLING BLOCK TO US-INDIA TIES

PayPal raises crypto holdings to nearly $1B

Financial tech giant PayPal revealed it has seen an increase in its cryptocurrency holdings by more than 50% in the first quarter of this year, which is equivalent to nearly $1 billion. In PayPal's latest quarterly report filing of the company's performance, it disclosed that it currently holds $943 million worth of customer assets in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) on its balance sheet.

FIND OUT WHY PAYPAL IS STOCKING UP ON CRYPTOCURRENCY

Tucker Carlson slammed for Twitter show

A former employee of Twitter has criticized Tucker Carlson's plan to revive his show through the social media platform. The ousted Fox News host announced his plan to relaunch his show through Twitter but Elon Musk said no official deal was made with Carlson. The notion that Carlson could build a significant video business on the platform was "stupid," the ex-Twitter employee who worked on a show told Semafor.

WHAT ELON MUSK SAID ABOUT TWITTER ADDING AUDIO, VIDEO

Extra point

What was the first image to be broadcast over the television airwaves?

Wednesday's answer: In its 12 seasons and 264 episodes on CBS, the popular TV series "Murder, She Wrote" featured a total of 286 murders.