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Business Highlights: AI detection tool, methane reduction

June 8, 2023

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Cheaters beware: ChatGPT maker releases AI detection tool

SAN FRANCISCO (AP) – The maker of ChatGPT is trying to curb its reputation as a freewheeling cheating machine with a new tool that can help teachers detect if a student or artificial intelligence wrote that homework.The new AI Text Classifier launched by OpenAI follows a weeks-long discussion at schools and colleges over fears that ChatGPT´s ability to write just about anything on command could fuel academic dishonesty and hinder learning. OpenAI cautions that its new tool is not foolproof and eV the method for detecting AI-written text is imperfect and can be wrong at times.

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Difficulty measuring methane slows plan to slash emissions

NEW YORK (AP) – Satellites, drones and airplanes equipped with infrared cameras will likely be the backbone of a new federal policy to fine the nation´s largest methane polluters.

But the nascent industry has a long way to go before it can accurately measure just how much methane polluters are releasing. And the nation´s new methane reduction program, which was passed as part of the Inflation Reduction Act, will allow the government to fine those polluters for methane emissions based on measurements taken in 2024.

That leaves little time to get a reliable system in place.

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US wage growth slowed in the final quarter of 2022

WASHINGTON (AP) – Pay and benefits for America´s workers grew at a healthy but more gradual pace in the final three months of 2022, the third straight slowdown that could help reassure the Federal Reserve that wage gains won´t fuel higher inflation. Wages and benefits, such as health insurance, grew 1% in the October-December quarter compared with the previous three months.That marked a solid gain, though it was slower than the 1.2% increase in the July-September quarter.

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Boeing bids farewell to an icon, delivers last 747 jumbo jet

SEATTLE (AP) – Boeing bids farewell to an icon on Tuesday: It´s delivering its final 747 jumbo jet.

Since it debuted in 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, and the Air Force One presidential aircraft. It revolutionized international travel. But over about the past 15 years, Boeing and its European rival Airbus have introduced more profitable and fuel efficient wide-body planes, with two engines instead of the 747´s four.

The final plane is the 1,574th built by Boeing in the Puget Sound region of Washington state. It´s being delivered to cargo carrier Atlas Air.

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Unprecedented profit for Exxon as travel, and war, heated up

NEW YORK (AP) – Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods.

The energy giant brought in $55.7 billion in annual profits. That exceeded its previous record of $45.22 billion in 2008. Exxon´s bounty came as Americans shelled out $4 per gallon for gasoline in the U.S. during the spring and summer. Oil and E natural gas prices surged globally after Russia invaded Ukraine and reduced its supply of energy to Europe.

The record profits were a marked turnaround from two years ago, when the coronavirus pandemic hit and t travel ground to a halt, killing demand for fuels.

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Adult Happy Meals, McRib, feed McDonald´s sales in Q4

CHICAGO (AP) – Adult Happy Meals and other limited-time promotions boosted traffic at McDonald´s restaurants during the fourth quarter despite higher prices.

The company said Tuesday that global same-store sales __ or sales at stores open at least a year __ rose 12.6% in the October-December period. That beat Wall Street´s expectations. U.S. sales soared in October after McDonald´s launched adult Happy Meals featuring limited-edition toys designed by the streetwear brand Cactus Plant Flea Market.

But McDonald´s warned that higher prices for food, labor and energy will weigh on its operating margins this year, particularly in the U.S. and Europe.

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Wall Street climbs to add more to its strong January

NEW YORK (AP) – Wall Street closed out a strong January with more gains.

The S&P 500 rose 1.5% Tuesday, marking its third winning month in the last four. The Dow rose 1.1% and the Nasdaq rose 1.7%. The gains came ahead of what many investors hope will be one of the Federal Reserve´s last hikes to interest rates for E a while.

Markets got a boost after a report showed that growth for workers´ pay and benefits slowed during the end of 2022. While that´s frustrating for people trying to keep up with soaring prices, markets see it as an encouraging sign of easing pressure on inflation.

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Lawmakers aim to raise penalties for US airline disruptions

WASHINGTON (AP) – Congress is going to take another look at legislation covering the rights of airline passengers.

Democratic Senators Richard Blumenthal of Connecticut and Edward Markey of Massachusetts said Tuesday they re-introduced bills to increase penalties when airlines strand or delay passengers, and to limit airline fees. Both ideas have failed in previous years, but the senators say they´ve got a good chance of success this time because of outrage over debacles like the one at Southwest Airlines in December.

If you have any queries with regards to wherever and how to use E, you can contact us at the site. But they´ll face obstacles. Republicans haven´t supported the measures yet. And airlines have succeeded before in lobbying Congress against proposals to limit or regulate the fees that they charge customers for services like checking baggage.

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Alaska gold, copper mine blocked over environmental worries

JUNEAU, Alaska (AP) – Federal environmental regulators have blocked a proposed Alaska mine heralded by backers as the most significant undeveloped copper and gold resource globally.

The U.S. Environmental Protection Agency took the unusually strong step Tuesday. It´s concerned about the mine´s environmental impact on a rich aquatic ecosystem that supports the world´s largest sockeye salmon fishery. Alaskan Native tribes and environmentalists celebrated Pebble Mine´s veto.

But Pebble Limited Partnership CEO John Shively calls the move “unlawful” and says a lawsuit is likely. Tribes in the Bristol Bay region in 2010 petitioned the EPA to protect the area under the federal Clean Water Act.

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The S&P 500 gained 58.83 points, or 1.5%, to 4,076.60.The Dow Jones Industrial Average added 368.95 points, or 1.1, to 34,086.04. The Nasdaq composite tacked on 190.74 points, or 1.7%, to 11,584.55. The Russell 2000 index of smaller companies rose 46.22 points, or 2.5%, to 1,931.94.