Jan 27, 2023
Welcome back to our Weekly Digest. Read on for the latest updates.
The government hits its debt ceiling
Microsoft throws its weight behind OpenAI
Microsoft is making a multibillion-dollar investment in the artificial intelligence startup OpenAI, which makes ChatGPT, DALL-E, and other tools that can write readable text and create images.
Spotify cutting 6% of its workforce
Fuchsia OS group saw most layoffs at Google last week
Stock futures hold steady
Despite an underwhelming start to earnings season, the stock market has gained ground in recent weeks. However, there are definite signs indicating that the economy is slowing.
Bitcoin continues to gain ground
Bitcoin has started 2023 on a positive note, with the price briefly rising above $23,000 earlier this week. Investors are hoping for a reversal in the monetary tightening that spooked market players last year.
Farmers group points to an alleged nefarious plot to explain the dramatic rise in egg prices
Egg prices soared to historically high levels in 2022 – by as much as 60%, according to the consumer price index. One group is alleging it results from a "collusive scheme".
Tax season has officially started
The Internal Revenue Service is now accepting 2022 tax returns and reminds taxpayers to file electronically with direct deposit to speed up refunds and avoid delays. Taxpayers have until April 18 to file their taxes.