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Here’s what you need to know
Nvidia is poised to break a US stock market record. Boosted by upbeat earnings, the chipmaker looks set to add more than $200 billion to its market cap in a single day when markets open today.
Ron DeSantis’s 2024 presidential race got off to a glitchy start. The Florida governor’s Twitter Spaces event was marred by technical issues that took attention away from the highly anticipated launch.
OpenAI CEO Sam Altman threatened to leave the EU over AI regulation. The AI Act would mandate more transparency over the data used to train the algorithm.
Montana became the first US state to ban drag story hour in public schools and libraries. House Bill 359 added a new element to Tennessee and Florida’s anti-drag laws.
Airbnb unveiled an anti-party crackdown plan. Over Memorial Day weekend, Airbnb is enlisting neighbors to enforce a party ban in rental homes.
One big number: At least $23.2 trillion
That’s how much the global fossil fuel industry owes in reparations for climate change
Environmental research group One Earth estimates the world’s top fossil fuel companies (shown below) have emitted around 36% of all global emissions since 1988—to the tune of trillions of dollars in economic damages.
This isn’t the whole list—see how eight of world’s other top fossil fuel companies stack up.
Pop quiz: What’s Mother Nature wearing?
Some of Europe’s biggest companies, including Nestlé and AB-InBeV, are setting the first-ever science-based nature targets. The pilot’s ultimate goal is to halt and reverse the impact of industrialization on biodiversity and the natural environment.
Which luxury fashion brand has decided to participate?
The great social media debate rages on
“The most common question parents ask me is, ‘is social media safe for my kids’. The answer is that we don’t have enough evidence to say it’s safe, and in fact, there is growing evidence that social media use is associated with harm to young people’s mental health.”
—US surgeon general Vivek Murthy, introducing the litany of risk factors for teenagers using social media. Read the full story here.
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The world’s richest man lost $11 billion in a day. LVMH’s Bernard Arnault is still richer than Elon Musk, though.
The big, ruddy, eye-catching star you’ve been noticing in the sky has been acting weird lately. It’s not just you—Betelgeuse has at times been 50% brighter in recent weeks.
If OpenAI had to pick a regulator, it’d go for one like the International Atomic Energy Agency. That’s… a choice.
New Zealand’s sheep-to-human ratio is the lowest it’s been for 170 years. But the count may have been baadly done.
Public tech banks could help us address climate change. That’s not the only solution such an institution could offer. Hear what other inefficiencies public tech banks could solve in the latest episode of the Quartz obsession podcast.
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