💷 Sterling falls to record low of $1.035 against the dollar

Today’s pick

Sterling falls to record low of $1.035 against the dollar. Pound tumbles after Kwasi Kwarteng announces biggest tax cuts in 50 years .Sterling slid as much as 4.7 per cent against the dollar to $1.035, hitting a record low in Asian trading on Monday after UK chancellor Kwasi Kwarteng vowed to pursue more… (Stephanie Findlay / Financial Times)

Chris Giles @ChrisGiles_

1949 £1 = $4.03 1960 £1 = $2.80 2022 £1 = $1.035 Please don’t tell me today that depreciations boost long term economic performance

ft.comSubscribe to read | Financial TimesNews, analysis and comment from the Financial Times, the worldʼs leading global business publication

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TikTok Seen Moving Toward U.S. Security Deal, but Hurdles Remain. The Biden administration and TikTok have drafted a preliminary agreement to resolve national security concerns posed by the Chinese-owned video app but face hurdles over the terms, as the platform negotiates to keep operating in the United States… (Lauren Hirsch / The New York Times)

Jonathan Cheng @JChengWSJ

NYT, citing sources: The U.S. and TikTok have hammered out the foundations of a deal in which TikTok would make changes to its data security and governance without requiring its Chinese owner ByteDance sell it.

nyti.msTikTok Seen Moving Toward U.S. Security Deal, but Hurdles RemainA draft agreement with the Biden administration to keep the Chinese-owned video app operating in the United States is under review. That could mean more wrangling.

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Girls Who Code founder speaks out after school district bans her books. Girls Who Code founder Reshma Saujani is speaking out after her company's book series was banned from a Pennsylvania school district. The books were just added to PEN America's Index of School Book Bans, a list of restricted literature around the… (Bethany Biron / Business Insider)

Bethany Biron @bethanybiron

Spoke with Girls Who Code founder @reshmasaujani about the shock of learning her organization's grade school book series was banned from schools and how she plans to fight it.

businessinsider.comGirls Who Code founder speaks out after Pennsylvania school district bans her books: ‘This is about controlling women and it starts with co…“This is an opportunity to realize how big this movement is against our kids and how much we need to fight,” Reshma Saujani told Insider.

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NASA's Asteroid-Deflection Mission Spotlights Planetary Defense Effort. Can the National Aeronautics and Space Administration shift the orbit of an asteroid by smashing into it with a fast-moving spacecraft? The agency might find out Monday, when a bus-size craft tries to hit a 525-foot-wide space rock at a speed in… (Aylin Woodward / Wall Street Journal)

Dustin Volz @dnvolz

Not a movie: NASA is sending a bus-size space craft traveling at a speed in excess of 14,000 miles an hour to hit on Monday a 525-foot-wide asteroid 7 million miles away from Earth to test our planetary defense systems.

wsj.comNASA’s Asteroid-Deflection Mission Spotlights Planetary Defense EffortAn uncrewed spacecraft will try to slam into a distant space rock to shift its orbit in a test of technology that one day might protect Earth from a catastrophic impact.

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Meta's AI guru LeCun: Most of today's AI approaches will never lead to true intelligence. Yann LeCun, chief AI scientist of Meta Properties, owner of Facebook, Instagram, and WhatsApp, is likely to tick off a lot of people in his field. With the posting in June of a think piece on the Open Review server, LeCun offered a broad overview… (Tiernan Ray / ZDNET)

Gary Marcus @GaryMarcus

just wow. @MetaAI’s @ylecun retrenches to steals pretty much everything I have projected about limits of deep learning from last decade and then says I have never done anything. that is quite the market repositioning. https://t.co/UNkDkBhwo7

ZDNET @ZDNET

Meta's AI guru LeCun: Most of today's AI approaches will never lead to true intelligence https://t.co/cLGZSzWxXE by @TiernanRayTech

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