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<ul class="summary-list"><li>Vivek Ramaswamy, cohead of DOGE, said he expects to recommend the wholesale closure of some agencies.</li><li>Ramaswamy and Elon Musk have been empowered by Trump to recommend big cuts to the state.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/vivek-ramaswamy-antiwoke-entrepreneur-challenging-trump-for-president-gop-2023-2">Vivek Ramaswamy</a> said to expect the abolishment of entire federal agencies as part of a sweeping restructure envisioned by DOGE.Ramaswamy was last week named joint leader of the <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-doge-hiring-staff-how-to-apply-2024-11">Department of Government Efficiency</a> by President-elect Donald Trump. Its other leader is <a target="_blank" class="" href="https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11">Elon Musk</a>.On Sunday morning, <a target="_blank" class="" href="https://x.com/VivekGRamaswamy/status/1858173839059898611">Ramaswamy appeared on Fox News</a> and was asked about DOGE's plans for the future of federal agencies.He gave few specifics but was bullish on the scope of change to come. He said to expect "certain agencies to be deleted outright," reductions in head count for "bloated" areas of government, and "massive" cuts to federal contracting.On the campaign trail, Trump pledged to abolish the <a target="_blank" class="" href="https://www.businessinsider.com/category/education-department">Department of Education,</a> describing the agency as a means to "indoctrinate America's youth."Maria Bartiromo, the Fox host interviewing Ramaswamy, mentioned the Department of Education as a possible cut, but Ramaswamy instead answered in general terms.Though Ramaswamy spoke in sweeping terms of cuts to come, enacting them may be harder. DOGE is not a formal government department, and can only make recommendations.It would be up to Trump and his Republican allies in Congress to try to enact them.<a target="_blank" class="" href="https://www.businessinsider.com/why-elon-musk-cutting-federal-spending-could-work-2024-11">Business Insider's Jack Newsham reported</a> last week that, with Republicans in control of both chambers, DOGE may have some success in cutting government spending and red tape.Eliminating federal agencies could be a hard ask though. They are generally created by Congress and could require difficult votes to abolish.<a target="_blank" class="" href="https://www.businessinsider.com/republicans-win-senate-election-majority-election-2024-11">Republicans have a majority in the Senate,</a> but too few seats for a 60-vote supermajority. GOP control of the House also rests on a thin majority.Ramaswamy, in his own presidential bid, <a target="_blank" class="" href="https://www.nbcnews.com/meet-the-press/meetthepressblog/vivek-ramaswamy-lays-plans-eliminate-federal-agencies-fbi-rcna95409">advocated for the elimination of the Nuclear Regulatory Commission and the FBI.</a>In his plans, Ramaswamy cited obscure laws that could empower a president to make large cuts, such as the 1977 Reorganization Act that mandates a presidential review of the size of government.

DOGE wants to 'delete' entire federal agencies, Vivek Ramaswamy says

<ul class="summary-list"><li>Trump picked Elon Musk and Vivek Ramaswamy to co-lead DOGE, a new government efficiency commission.</li><li>Their aim is to cut government spending, and one idea they've floated is to ax federal agencies.</li></ul>Elon Musk's <a target="_blank" href="https://www.businessinsider.com/trump-elon-musk-vivek-ramaswamy-department-government-efficiency-doge-2024-11">government efficiency commission</a> could end up costing some federal workers their jobs.As he and former GOP presidential candidate Vivek Ramaswamy begin to outline their priorities as leaders of the Trump-created Department of Government Efficiency, one of them seems to be eliminating government agencies.Most recently, Ramaswamy <a target="_blank" href="https://www.businessinsider.com/vivek-ramaswamy-doge-wants-to-delete-entire-federal-agencies-2024-11">told</a> Fox News, "We expect certain agencies to be deleted outright."Over 2 million Americans collect their paychecks from <a target="_blank" class="" href="https://www.gao.gov/blog/combatting-discrimination-our-nations-largest-employer-federal-government">the federal government</a>, so Business Insider looked into which agencies employ the most people and what they pay on average.When asked about areas the commission would prioritize for spending cuts, Karoline Leavitt, a spokesperson for the Trump-Vance transition, previously told BI: "The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail. He will deliver."<h2 id="e6f6b74e-0829-43a1-a382-8c22ea402f53">The US government is the largest employer in the country</h2>The <a target="_blank" class="" href="https://www.fedscope.opm.gov/ibmcognos/bi/?perspective=dashboard&amp;pathRef=.public_folders%2FFSe%2B-%2BEmployment%2BDashboards%2FEmployment%2B-%2BCurrent%2BMonth&amp;id=i7402E6149B934CAAA867A1B58E0B4ECE&amp;objRef=i7402E6149B934CAAA867A1B58E0B4ECE&amp;options%5Bcollections%5D%5BcanvasExtension%5D%5Bid%5D=com.ibm.bi.dashboard.canvasExtension&amp;options%5Bcollections%5D%5BfeatureExtension%5D%5Bid%5D=com.ibm.bi.dashboard.core-features&amp;options%5Bcollections%5D%5Bbuttons%5D%5Bid%5D=com.ibm.bi.dashboard.buttons&amp;options%5Bcollections%5D%5Bwidget%5D%5Bid%5D=com.ibm.bi.dashboard.widgets&amp;options%5Bcollections%5D%5BcontentFeatureExtension%5D%5Bid%5D=com.ibm.bi.dashboard.content-features&amp;options%5Bcollections%5D%5BboardModel%5D%5Bid%5D=com.ibm.bi.dashboard.boardModelExtension&amp;options%5Bcollections%5D%5BsaveServices%5D%5Bid%5D=com.ibm.bi.dashboard.saveServices&amp;options%5Bcollections%5D%5BserviceExtension%5D%5Bid%5D=com.ibm.bi.dashboard.serviceExtension&amp;options%5Bcollections%5D%5BlayoutExtension%5D%5Bid%5D=com.ibm.bi.dashboard.layoutExtension&amp;options%5Bcollections%5D%5BvisualizationExtension%5D%5Bid%5D=com.ibm.bi.dashboard.visualizationExtensionCA&amp;options%5Bcollections%5D%5BcolorSetExtensions%5D%5Bid%5D=com.ibm.bi.dashboard.colorSetExtensions&amp;options%5Bconfig%5D%5BsmartTitle%5D=false&amp;options%5Bconfig%5D%5BeditPropertiesLabel%5D=true&amp;options%5Bconfig%5D%5BnavigationGroupAction%5D=true&amp;options%5Bconfig%5D%5BenableDataQuality%5D=false&amp;options%5Bconfig%5D%5BmemberCalculation%5D=false&amp;options%5Bconfig%5D%5BassetTags%5D%5B%5D=dashboard&amp;options%5Bconfig%5D%5BfilterDock%5D=true&amp;options%5Bconfig%5D%5BshowMembers%5D=true&amp;options%5Bconfig%5D%5BassetType%5D=exploration&amp;options%5Bconfig%5D%5BgeoService%5D=CA&amp;subView=model00000185985349dc_00000000&amp;isAuthoringMode=false&amp;boardId=i7402E6149B934CAAA867A1B58E0B4ECE">US Office of Personnel Management</a> showed eight cabinet-level agencies, which are at the center of the executive branch and have heads that report directly to the president, had over 100,000 civilian employees as of March.Almost half a million people were employed in the Department of Veterans Affairs, while the Department of Education had just over 4,000. The Treasury Department had over 100,000 employees as of March. The overwhelming majority of those — about 94,000 — were employed in the Internal Revenue Service.Most departments had six-figure average salaries, with the Department of Education and the Department of Energy having the highest averages.During Ramaswamy's Sunday <a target="_blank" class="" href="https://www.businessinsider.com/vivek-ramaswamy-doge-wants-to-delete-entire-federal-agencies-2024-11">appearance</a> on Fox News, he said, "We expect mass reductions in force in areas of the federal government that are bloated."While neither Trump, Musk, nor Ramaswamy has made clear which departments could be on the chopping block, Trump has targeted the Department of Education in the past, <a target="_blank" class="" href="https://www.youtube.com/watch?v=tscgWCBbeao">saying in 2023</a>: "One other thing I'll be doing very early in the administration is closing up the Department of Education in Washington DC, and sending all education and education work and needs back to the states."Musk <a target="_blank" href="https://www.youtube.com/watch?v=GsYKhVtvm3k">said</a> during October remarks that while the commission's goal is to cut spending by reducing head count, he would consider giving impacted workers "very long severances" that could amount to two years' pay."The point is not to be cruel or to have people not be able to pay their mortgage or anything," Musk said during his October remarks. "We just have too many people in the government sector, and they could be more productive elsewhere."The US Office of Personnel Management <a target="_blank" href="https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay/">wrote on its website</a> that "severance pay is authorized for full-time and part-time employees who are involuntarily separated from Federal service and who meet other conditions of eligibility." A spokesperson for the office told BI that the severance policy is up to date, and it "cannot comment on the actions of future administrations."DOGE is not an official government agency. Past commissions on government spending, like the Grace Commission under former President Ronald Reagan, gave the president and Congress advice on areas to cut. The two leaders of the initiative have started to detail the areas of government spending they're looking to target.While DOGE can advise Trump on agencies to cut, the president-elect cannot act on it alone — making major changes to federal agencies would require congressional approval.Plus, DOGE's goals could still change. It's unclear how exactly the commission will function and whether Congress will approve Musk and Ramaswamy's spending cuts. BI <a target="_blank" href="https://www.businessinsider.com/elon-musk-vivek-ramaswamy-doge-government-efficiency-what-us-spends-2024-11">previously reported</a> that the US spent $6.75 trillion in fiscal year 2024. With Social Security, health programs, and Medicare topping the spending list, they could be on the commission's chopping block. However, Medicare and Social Security are forms of mandatory spending that would require legislation to change.Are you employed by the federal government and have a story to share? Reach out to these reporters at <a target="_blank" class="" href="mailto:asheffey@businessinsider.com">asheffey@businessinsider.com</a> and <a target="_blank" class="" href="mailto:mhoff@businessinsider.com">mhoff@businessinsider.com</a>.

Musk's DOGE wants to 'delete' entire government agencies. Here's where the most people are employed and what they make.

<ul class="summary-list"><li>The influencer economy is now valued at $250 billion, according to Forbes.</li><li>Making money as an influencer has changed a lot in 10 years, with multiple potential income streams.</li></ul>The influencer business has exploded over the past decade and is now <a target="_blank" class="" href="https://www.forbes.com/sites/daniellechemtob/2024/10/28/forbes-daily-the-250-billion-influencer-economy-is-booming/">worth $250 billion, according to Forbes</a>.Ten years ago, one estimate <a target="_blank" class="" href="https://www.capitala.co/business/18984/billion-dollar-boy/">from the influencer marketing agency Billion Dollar Boy</a> placed the industry's value at just $200 million.<a target="_blank" class="" href="https://www.businessinsider.com/top-ways-to-make-money-as-content-creator?r=how-to-become-an-influencer">Making money as an influencer</a> has changed a lot since then, both in terms of how much individual creators can make and how."It's gone from creators unlocking ad revenue on platforms like YouTube to a multi-channel industry where brands and influencers collaborate across social media," said Nirozen Thav, cofounder and CEO of the content licensing company Humant Life.According to an Izea report in 2014, the average cost of a <a target="_blank" href="https://www.businessinsider.com/average-price-brands-pay-per-instagram-influencer-sponsorship-izea-2019-11?r=US&amp;IR=T">sponsored post on Instagram</a> increased significantly between 2014 and 2019, from $134.04 to $1,642.77.During <a target="_blank" class="" href="https://www.businessinsider.com/price-per-influencer-sponsorship-on-social-media-instagram-youtube-facebook-2019-11">the same period</a>, the price of the average sponsored YouTube video increased from $420 to $6,700.<a target="_blank" class="" href="https://www.businessinsider.com/how-do-instagram-influencers-make-money">On Instagram now</a>, creators can earn hundreds of thousands or even millions annually from partnerships.<a target="_blank" class="" href="https://www.businessinsider.com/how-much-money-youtube-stars-make-per-month-creator-income-2020-5">On YouTube</a>, creators can earn between $1.61 and $29.30 <a target="_blank" class="" href="https://www.businessinsider.com/how-much-money-youtube-pays-for-1000-views-creator-rpm">per 1,000 views</a>, <a target="_blank" class="" href="https://www.businessinsider.com/how-much-do-youtubers-make">Business Insider's media team reported</a>, so it remains a lucrative platform for turning views into cash.Those with over a million subscribers can <a target="_blank" class="" href="https://www.businessinsider.com/how-much-youtube-pays-for-one-million-subscribers">easily make six figures</a>, and YouTubers with more than that can <a target="_blank" class="" href="https://www.businessinsider.com/how-to-make-one-million-a-month-on-youtube-2023-8">sometimes earn millions</a>.<h2 id="debed915-4d8a-4d57-a527-4407fbf43026">Multiple income streams</h2>What's largely changed in 10 years is how creators can maximize their income, both on and off social media.Liam Parkinson, the cofounder of Inflverse, a financial management platform for creator agencies, made a name for himself as a content creator on YouTube.He amassed 750,000 subscribers in 2013 and has seen firsthand how the industry has moved from having a sole reliance on advertising revenue to brand sponsorships and deals.Today, Parkinson said the "savviest creators" are "leveraging multiple income streams," including brand partnerships, merch and products, paywalled content with subscriptions, and equity deals, among other things.Katya Varbanova, <a target="_blank" class="" href="https://www.tiktok.com/@theofficialkatya">an influencer</a> turned CEO of Viral Marketing Stars, told BI she started making content in 2015, primarily on former streaming platforms such as Periscope and Busker. The latter sponsored Varbanova's trip to a Snapchat conference in 2016, paying her $1,000.Back then, content creators were also happier to receive PR boxes of products as payment for promotion, Varbanova said. Now, they prefer to get paid for their labor.Varbanova was recently offered $5,000 for one 30-second TikTok video, which the brand could license for three months."Brands have become a lot more willing to pay influencers," she said.Jacob Lucas, who shares <a target="_blank" class="" href="https://www.tiktok.com/@jacoblucas101?lang=en">relationship advice</a> on TikTok and Instagram, started making content around five years ago and decided to become a creator full time about a year in.Lucas told BI that views have never made his career lucrative. Rather, he makes money from brand deals, where he charges around £8,000 ($10,379) per video, with wiggle room depending on how much he likes the company or product.<h2 id="dba7c209-48a2-4e9c-83be-3be5eaac2ab6">Engagement and authenticity over follower count</h2>Savannah Britt, a PR specialist and the CEO at The Brittprint Agency, told BI that follower count used to determine whether an influencer could partner with a company.But now, some of her clients have been struggling to secure brand deals — even one with over 10 million followers — because of a push toward engagement."Brands are seeking creators who are trending right now," Britt said. "Your pay and window for opportunity are quantified by how hot you are in the present moment."<a target="_blank" class="" href="https://www.businessinsider.com/reesa-teesa-who-tf-did-i-marry-income-contant-creation-2024-10">Reesa Teesa</a> is a great example, she said, because she essentially blew up overnight and doubled her income when she posted a 50-part post about her toxic ex-husband."She seized a moment that optimized a lifetime of opportunity," Britt said.There's also a push for authenticity in creator marketing, with audiences getting <a target="_blank" class="" href="https://www.businessinsider.com/tiktok-pseudo-shopping-channel-gen-z-had-enough-deinfluencing-influencers-2024-4">tired of relentless ads</a>.Dominic Smales, the founder and former CEO of the world's first digital talent management agency Gleam Futures, who has just cofounded the new creator marketing venture GloMotion Studios, told BI people turned to the internet in the 2010s because they were bored of legacy media."They wanted to be entertained by people that they related to and were new and fresh and unfiltered and all of those kind of things," he said. "Brands are making it boring again for these audiences."<h2 id="e7307c7a-9a13-4b94-9dbe-303788fae261">Sorting the issues</h2>While the potential for earnings is still high, content creators have long been plagued by being taken advantage of in a rapidly evolving economy and burning out from high demand. Some companies are hoping to change that.Parkinson hopes to solve how long it takes for creators and their management agencies to get paid with Inflverse.Brands can take up to three months to pay out. Sometimes, they don't pay out at all, and the creator can't do much about it."Imagine working a normal 9-5 and your boss telling you that you aren't getting paid for 90 days, and even at that point, it isn't guaranteed," Parkinson said.According to Varbanova, the content creators who will make the most of the evolving industry are those who take advantage of all the services available to them — especially as some marketers are <a target="_blank" class="" href="https://www.businessinsider.com/micro-influencer-campaigns-decline-marketers-turn-to-big-stars-2024-10">moving back toward working with mainstream celebrities</a>.She said they would also be wise to become part or full owners of their own brands and companies, like MrBeast with Feastables, Logan Paul and KSI with Prime, and Charli D'Amelio with D'Amelio Footwear.That way, creators are "monetizing their influence rather than just relying on brand deals," Varbanova said."That is the future," she said. "That was always the future of influencing — build a loyal audience and then launch brands and products you designed with that audience in mind."

How making money as an influencer has changed in a decade

<ul class="summary-list"><li>Elon Musk recently blamed the Federal Aviation Administration for delays around SpaceX launches.</li><li>He said the agency would hold his company back from going to Mars.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/tesla-ceo-elon-musk">Elon Musk</a> isn't a big fan of the Federal Aviation Administration.Recently, the billionaire and his rocket company, <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-spacex-beef-with-regulators-over-starship-launch-delay-2024-9">SpaceX</a>, have been beefing with federal regulators, blaming the FAA for delaying the next launch of <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-plan-colonize-mars-plan-unrealistic-scientists-explain-2023-10">Starship</a> to late November rather than mid-September. The company said on Tuesday that the delay was "not based on a new safety concern, but instead driven by superfluous environmental analysis."The company said in a lengthy statement that the roadblocks were "driven by false and misleading reporting, built on bad-faith hysterics from online detractors or special interest groups who have presented poorly constructed science as fact."A SpaceX spokesperson did not respond to a request for comment sent during the weekend.In an interview on Monday at the All-In Summit, Musk mocked the FAA for the time it has taken the agency to approve SpaceX launches."It really should not be possible to build a giant rocket faster than paper can move from one desk to another," Musk said.According to the <a target="_blank" class="" href="https://www.faa.gov/dataresearch/aviation/aerospaceforecasts/commercial-space.pdf">FAA</a>, overseeing a single rocket launch is a laborious process that can include licensing approval and route planning to ensure a rocket can safely launch into designated airspace.An FAA spokesperson did not respond to a request for comment sent during the weekend.FAA spokesperson Steven Kulm previously told BI that "SpaceX submitted new information in mid-August detailing how the environmental impact of Flight 5 will cover a larger area than previously reviewed." The spokesperson added that changes to the vehicle configuration are also driving the delays.Unfortunately for the <a target="_blank" class="" href="https://www.businessinsider.com/unruly-flyers-fined-covid-19-pandemic-airlines-travel-2024-9">FAA</a>, Musk isn't doling out any points for trying.<h2 id="2a4f748f-7cab-4350-904d-c9cb504b7e19">The FAA works overtime for Elon</h2>The agency employs more than 45,000 people and has been scrambling in recent years to keep up with the increasing number of rocket launches from commercial space companies. In 2023, SpaceX launched 98 rockets, according to <a target="_blank" class="" href="https://www.space.com/spacex-final-rocket-launches-2023-photos-video">Space.com</a>, which would account for 87% of the launches the regulatory body said it oversaw that year.The agency forecasts overseeing three times as many launches by 2028.To account for this anticipated growth, the <a target="_blank" class="" href="https://www.businessinsider.com/biden-tax-companies-spacex-blue-origin-launch-us-musk-bezos-2024-4">Biden Administration</a> requested $57 million to fund the FAA's licensing office, a significant increase from the $38 million the office received in 2023. The FAA also hired 33 more employees to its licensing office last year, <a target="_blank" class="" href="https://www.nytimes.com/2024/04/04/us/politics/spacex-biden-musk-taxes.html">The New York Times</a> reported in April.Daniel Murray, the executive director of the FAA's Commercial Space Transportation Office, which handles license applications, said on Wednesday at the Global Aerospace Summit in DC that his office is pouring most of its resources into SpaceX."They get the majority of our resources," he said, according to a <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-09-11/spacex-accounts-for-80-of-faa-s-space-workers-overtime?srnd=phx-industries">Bloomberg</a> report. "80% of the overtime that we log, and this is hundreds of hours a month, goes to SpaceX."Murray defended his office against claims from SpaceX and Musk that the agency was needlessly delaying the launch of Starship.According to Bloomberg, Murray said the recent Starship launch delay was mainly due to an ongoing environmental review process but added that SpaceX also made changes to the scope of its flight plan."They chose to do something different," Murray said, according to Bloomberg. "They pivoted. We pivoted with them."<h2 id="a51c9c0c-d7a0-45a9-bffb-38e71ef3fdd0">Regulatory overreach</h2>The common through-line in Musk's hand-wringing over the FAA is the billionaire's general disdain for what he views as <a target="_blank" class="" href="https://x.com/elonmusk/status/1833755778924351663">excessive government regulation</a>. Musk has repeatedly painted rules and bureaucracy as the <a target="_blank" class="" href="https://www.youtube.com/watch?v=lSD_vpfikbE">death knell of innovation</a>."Rules and regulations are immortal, they don't die," Musk said at The Wall Street Journal's CEO Council Summit in 2021. "There's not really an effective garbage collection system for removing rules and regulations. And so gradually this hardens the arteries of civilization, where you're able to do less and less over time."Musk has been increasingly vocal on social media about taking up a more hands-on role in the White House under a <a target="_blank" href="https://www.businessinsider.com/trump-adopts-elon-musk-plan-cut-government-spending-efficiency-reform-2024-9">second Trump administration</a>.Much like his approach during his Twitter takeover, Musk has proposed <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-government-efficiency-ideas-wrong-experts-2024-9">reducing the size of the government</a> by stripping down federal agencies.Political science experts told BI that while the government can be inefficient, Musk's business-like approach to running a government overlooks the fact that it's partly structured to meet the needs of the people rather than to prioritize profits."Sometimes that's not efficient in an economic sense," Christian Grose, a professor of political science at the University of Southern California, told BI.At the All-In summit on Monday, Musk did credit the federal employees he might seek to fire."I'm not saying that there aren't competent people in the government; they're just in an operating system that is inefficient," he said.

Elon Musk has beef with the FAA. The agency still puts in a lot of work for him.

If you have a <keyword id="19930665" type="General" weightage="100" keywordseo="PPF" source="keywords">PPF</keyword> account, you might want to pay attention to this! Starting October 1st, 2024, your PPF account is set to undergo massive changes, thanks to the new regulations, which were notified by the government in August this year, taking effect. If you don't know about them, here's a ready reckoner for you to get up to speed. 1. If you have opened a PPF account in your child's name i.e. a minor (who's under 18 years of age), their account would earn interest equivalent to a POSA (<keyword id="20076819" type="General" weightage="20" keywordseo="post-office-savings-account" source="keywords">Post Office Savings Account</keyword>), which currently stands at 4% p.a. Once your child turns 18 and attains majority, the standard PPF <keyword id="20071327" type="General" weightage="20" keywordseo="interest-rate" source="keywords">interest rate</keyword>, which is presently at 7.1%, will kick in. Remember that in a post office savings account, no interest is credited for a particular month, if the balance in this account falls below Rs 500, between the tenth and last day of the month. The maturity period for all such accounts will be calculated from the day the child turns 18 i.e. attains majority. Normally, the general maturity period of a PPF account is 15 years, with the possibility of extending it multiple times, but only in blocks of 5 years. 2. Have multiple PPF accounts? Well, you will not be earning any interest on any of your other PPF accounts, except for your primary one. As it is, PPF rules mandate that an individual can only have 1 PPF account. Inadvertently, many people end up opening 2 PPF accounts, sometimes with different banks, or one with a bank and post office each. Also, note that if you have opened a second PPF account on or after December 12, 2019, you are not eligible for merger of both your PPF accounts. In this case, your second account would be closed, without bearing you any interest. But if you have opened a second PPF account before this date, you can request for merger. However, in case you have not requested for such a merger, only your primary PPF account will continue earning interest at the rate of 7.1% p.a. While you will be able to transfer and send funds across from your second account, interest will only accrue on your primary PPF account, so better regularize your PPF account in the next 4 days with the post office or agency bank, lest you lose out on interest income. In case the balance in your primary PPF account is below the maximum annual investment limit of Rs 1,50,000, any balances you have in your second account will be added to the same, in order to calculate interest. And thereafter, any remaining balances in your second PPF account will be rendered ineligible for further interest. Lets understand this with an example. Suppose you hold 2 PPF accounts-A and B. The balance in account A is Rs 1,00,000, and that of B is Rs 70,000. In this case, you will only earn interest on Rs 50,000 from account B, while the remaining Rs 20,000 will not be considered while calculating interest. If the primary account stays below the applicable investment limit each year, the balance in the second account will be added to it. The primary account will continue to earn the prevailing scheme rate of interest after the merger. The second account's i.e. B excess balance will be returned without interest. 3. If you are an NRI who currently holds an active PPF account, where your residency status in Form H, which is needed to extend the tenure of your PPF account by 5 years was not asked for, your account will continue to earn interest at the same rate as a POSA (4%). Starting October 1st, such accounts will accrue no interest at all. Notably, while NRIs cannot open new PPF accounts, they can continue investing in their existing PPF account, which they had opened whilst they were still Indian resident. But once their account matures i.e. 15 years are over, they will not be able to extend their account's tenure.

Attention! Here's what's changing with your PPF accounts starting 1st October, 2024

With millions of people across five continents experiencing scorching heat last month, the European Union's (EU) climate agency, Copernicus <keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">Climate Change</keyword> Service (C3S), confirmed on Monday that June was the warmest on record. It also marked the 12th consecutive month of <keyword id="20524196" type="General" weightage="20" keywordseo="global-temperatures" source="keywords">global temperatures</keyword> reaching <keyword id="22325521" type="General" weightage="20" keywordseo="1-5-degrees-Celsius" source="keywords">1.5 degrees Celsius</keyword> above the pre-industrial average. According to scientists at C3S, every month since June last year has been the warmest such month on record. In January, the world completed an entire year with the mean surface air temperature exceeding the 1.5-degree Celsius threshold. June was the 12th consecutive month with monthly average temperatures above the 1850-1900 pre-industrial average. At the 2015 UN climate talks in Paris, world leaders committed to limiting the global average temperature rise to 1.5 degrees Celsius above the pre-industrial period to avoid the worst impacts of climate change. However, a permanent breach of the 1.5-degree Celsius limit specified in the <keyword id="20104670" type="General" weightage="20" keywordseo="Paris-Agreement" source="keywords">Paris Agreement</keyword> refers to long-term warming over a 20 or 30-year period. Earth's global surface temperature has already increased by around 1.2 degrees Celsius compared to the average in 1850-1900 due to the rapidly-increasing concentration of <keyword id="20649149" type="General" weightage="20" keywordseo="greenhouse-gases" source="keywords">greenhouse gases</keyword> -- primarily carbon dioxide and methane -- in the atmosphere. This warming is considered to be the reason behind record droughts, wildfires and floods worldwide. According to new data, June 2024 was the warmest on record, with an average surface air temperature of 16.66 degrees Celsius, 0.67 degrees Celsius above the 1991-2020 average for the month and 0.14 degrees Celsius above the previous high set in June 2023. "The month was 1.5 degrees Celsius above the estimated June average for 1850-1900, the designated pre-industrial reference period, making it the 12th consecutive month to reach or break the 1.5-degree threshold," C3S said in a statement. It was also the 13th consecutive month of <keyword id="21477127" type="General" weightage="20" keywordseo="record-high-temperatures" source="keywords">record-high temperatures</keyword>, a result of the combined effect of the 2023-24 El Nino event and human-caused climate change. While unusual, a similar streak of monthly global temperature records happened previously in 2015-16. "This is more than a statistical oddity and highlights a large and continuing shift in our climate. Even if this specific streak of extremes ends at some point, we are bound to see new records being broken as the climate continues to warm. This is inevitable, unless we stop adding greenhouse gases into the atmosphere and the oceans," said Carlo Buontempo, the director of C3S. The European climate agency said the global average temperature for the last 12 months (July 2023-June 2024) is the highest on record, at 0.76 degrees Celsius above the 1991-2020 average and 1.64 degrees Celsius above the 1850-1900 pre-industrial average. The world's sea surface in June was also the highest ever recorded for the month. Several countries experienced record-breaking heat and devastating floods and storms in June. According to an analysis by Climate Central, an independent group of scientists and communicators based in the United States, more than 60 per cent of the world population faced extreme heat that was made at least three times more likely by climate change during June 16-24. Climate Central said the blistering heat in June impacted 619 million (61.9 crore) people in India, 579 million (57.9 crore) in China, 231 million (23.1 crore) in Indonesia, 206 million (20.6 crore) in Nigeria, 176 million (17.6 crore) in Brazil, 171 million (17.1 crore) in Bangladesh, 165 million (16.5 crore) in the US, 152 million (15.2 crore) in Europe, 123 million (12.3 crore) in Mexico, 121 million (12.1 crore) in Ethiopia and 103 million (10.3 crore) in Egypt. According to the India Meteorological Department (IMD), northwest India recorded its warmest June since 1901. India, which experienced one of its hottest and longest heatwaves, recorded more than 40,000 suspected heatstroke cases and over 100 heat-related deaths. The intense heat overwhelmed the water supply system and power grids, with Delhi grappling with a severe water crisis. According to the IMD, 11 states recorded 20 to 38 heatwave days -- up to four times the usual number of such days -- during the April-to-June period. The mercury breached 50 degrees Celsius in parts of Rajasthan, with night temperatures hovering around 35 degrees Celsius in many places. Temperatures were most above average over eastern Canada, the western United States and Mexico, Brazil, northern Siberia, the Middle East, northern Africa, and western Antarctica. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-ipo-mukesh-ambani-led-telco-might-be-gearing-up-for-indias-biggest-ipo/articleshow/111519009.cms">Reliance Jio IPO – Mukesh Ambani-led telco might be gearing up for India’s biggest IPO</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms">Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike</a> <a href="https://www.businessinsider.in/tech/news/hp-envy-x360-14-review/articleshow/111407165.cms">HP Envy x360 14 review – feature-packed laptop with a sleek design</a>

June warmest on record; every month since July 2023 breached 1.5 deg C threshold

<ul class="summary-list"><li>The US Navy has been battling Houthi missiles and drones for nearly a year.</li><li>America's top naval officer said the Houthis are using some of "the best Iranian technology" in their fight.</li></ul>The US Navy has been battling the Houthis and some of Iran's best weaponry in the Red Sea and changing some of the ways it fights to defeat them, America's top naval officer said this week.Adm. Lisa Franchetti, the chief of naval operations, said this week that the Navy is taking away many lessons from its almost yearlong <a target="_blank" class="" href="https://www.businessinsider.com/houthi-fight-shows-us-navy-needs-training-defeat-drones-commander-2024-7">fight against the Houthis</a>, including the fact that drones are fundamentally changing warfare.The Houthis, a Yemen-based rebel group that Iran has armed and supported for years, have <a target="_blank" class="" href="https://www.businessinsider.com/sailors-us-navy-gravely-destroyer-have-seconds-respond-houthi-missiles-2024-2">used aerial and surface drones</a> to attack key merchant shipping lanes in the Red Sea and Gulf of Aden and threaten US Navy ships since last fall. The militants have also fired anti-ship ballistic and cruise missiles at vessels.US warships and aircraft, in partnership with allies, have been <a target="_blank" class="" href="https://www.businessinsider.com/us-navy-aircraft-carrier-eisenhower-planes-in-air-constantly-houthis-2024-2">intercepting these threats</a>. Just last week, <a target="_blank" class="" href="https://www.businessinsider.com/us-navy-warships-fought-complex-missile-drone-attack-red-sea-2024-9">American forces engaged</a> a number of Houthi drones and missiles."We're continuing to learn," Franchetti responded to questions at a Wednesday Defense Writers Group event. "And again, I'll just go back to the changing tactics, techniques and procedures based on adversaries.""The Houthis are using the best Iranian technology, and we know that we need to be able to defeat that," she added. "And again, our ships are doing an amazing job. And our aircraft."<div type="image" title="A large ship at sea." height="5473" width="8210" msid="113945613" hostid="261" sizebytes="3292194"></div>A Defense Intelligence Agency <a target="_blank" class="" href="https://www.dia.mil/Portals/110/Documents/News/Military_Power_Publications/Iran_Houthi_Final2.pdf">report</a> published earlier this year detailed the extent of Iranian support for the Houthis. Over the past decade, Tehran has provided the rebel group with a "growing arsenal of sophisticated weapons" and training. This <a target="_blank" class="" href="https://www.businessinsider.com/us-navy-cant-stop-houthi-attacks-red-sea-shipping-admiral-2024-8">assistance has continued</a> during the Red Sea conflict."I would say the other lesson learned, which I didn't mention, is really using what you have differently," Franchetti said Wednesday. "Using Hellfire against unmanned surface vehicles. Air-to-air. Aviation platforms shooting down UAVs. These are things where we're really learning."In this fight, the Navy has fired well over <a target="_blank" class="" href="https://www.businessinsider.com/us-navy-warships-fired-munitions-substantial-cost-fighting-houthis-2024-8">$1.1 billion worth of munitions</a> fighting the Houthis, a figure that covers <a target="_blank" class="" href="https://www.businessinsider.com/us-carrier-strike-group-fired-nearly-800-munitions-houthi-fight-2024-7">hundreds of air-launched weapons</a> and ship-fired missiles that have been used to take out rebel weaponry, both missiles and drones.The increasing use of unmanned systems, such as aerial strike platforms and naval drones, has been seen in other conflicts, most notably the war in Ukraine.Ukraine, for instance, has built up a formidable arsenal of <a target="_blank" class="" href="https://www.businessinsider.com/attacking-russian-warships-naval-drones-like-hunting-prey-ukrainian-general-2024-3">domestically produced naval drones</a> and has used these systems to target Russian warships and ports around the Black Sea. Even though Kyiv lacks a proper navy, it has demonstrated <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-made-naval-drones-deadlier-larger-warheads-general-says-2024-3">it can still cause problems</a> through this asymmetrical style of warfare."I think Ukraine has shown us that you can innovate on the battlefield," Franchetti said. "I want to innovate before the battlefield so we can stay ahead of any adversary any time."

The US Navy is battling 'the best Iranian technology' in the Red Sea and changing how it fights to beat it, admiral says

Australian High Commissioner to <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>, <keyword id="20307863" type="General" weightage="20" keywordseo="philip-green" source="keywords">Philip Green</keyword> OAM, on Wednesday, expressed Canberra's willingness to collaborate with New Delhi in the <keyword id="20242397" type="General" weightage="20" keywordseo="space-sector" source="keywords">space sector</keyword> and added that both nations are going ahead with the three collaborative space projects and signing the first Memorandum of Understanding (MoU) today. While speaking to ANI, Philip Green expressed <keyword id="19895799" type="General" weightage="20" keywordseo="Australia" source="keywords">Australia</keyword>'s interest in partnering with India in its <keyword id="19929542" type="General" weightage="20" keywordseo="space-exploration" source="keywords">space exploration</keyword> endeavours, adding that the Australian government has pledged a USD 18 million grant for <keyword id="22187831" type="General" weightage="20" keywordseo="joint-India-Australia-space-projects" source="keywords">joint India-Australia space projects</keyword>. "Here today we are saying that we are keen to be partners for India in its space journey. We're already strategic and quad partners with India and we want to do more with space and my government is backing it," said Philip Green. Today we're signing the first MOU of three that has been settled as a result of an USD 18 million dollar grant for my government specifically, for India-Australia space collaborations," he added. Further, the Australian envoy said they are excited about the <keyword id="20535850" type="General" weightage="20" keywordseo="Indian-space-sector" source="keywords">Indian space sector</keyword> and believe its different and complementary skills can benefit each other. "We're very excited about the Indian space sector and we're particularly excited about the fact that Australia has different and complementary skills," the Australian envoy said to ANI. "We're a very big continent with very few numbers of people, which means we have very dark skies. We have great abilities in terms of space tracking," he added. Congratulating PM Modi for his victory in the 2024 general elections, Philip Green said that Australia is looking to work even more closely in the future. He also disclosed during the interview that there could be high-level visits by Australia and India to galvanise the already strong partnership. "We congratulate Modi and his government on re-election. We look forward to working even more closely as we go forward. There are three powerful drivers in our bilateral relationship, our new strategic alignment, the very strong complementarity between our economies and what we call the human bridge, the more than a million people of Indian origin who now make Australia their home," said Philip Green. "We're planning visits I'm not going to announce them to you today, but I can assure you there will be high-level visits by Australia and India to galvanise what is already a strong partnership," he added On April 30, "the Australian Government announced funding for three collaborative space projects that will strengthen the space economy for the two partner nations," said the <keyword id="22187832" type="General" weightage="20" keywordseo="Australian-Space-Agency" source="keywords" meta.keywordsubtype="org" meta.entityname="Australian Space Agency" meta.hostid="261" meta.entityid="Australian Space Agency">Australian Space Agency</keyword> in an official statement. "The projects will receive a total of A$18 million (Rs 98 crore) as part of the International Space Investment India (ISI) Projects program," the statement added. Each project will include a number of Australian and Indian partners, who will help address climate change, boost manufacturing, and advance artificial intelligence, among other objectives.

"Keen to be partners with India in its space journey": Australian envoy on space collaboration projects

The <keyword id="20681418" type="General" weightage="20" keywordseo="European-Space-Agency" source="keywords" meta.keywordsubtype="org" meta.entityname="European Space Agency" meta.hostid="261" meta.entityid="European Space Agency">European Space Agency</keyword> (ESA) has released a captivating image captured by its <keyword id="22162859" type="General" weightage="20" keywordseo="Copernicus-Sentinel-2-satellite" source="keywords">Copernicus Sentinel-2 satellite</keyword>, offering a new perspective on the legendary <keyword id="20271968" type="General" weightage="20" keywordseo="Ram-Setu" source="keywords" meta.keywordsubtype="org" meta.entityname="Ram Setu" meta.hostid="261" meta.entityid="Ram Setu">Ram Setu</keyword>, also known as <keyword id="22162860" type="General" weightage="20" keywordseo="Adams-Bridge" source="keywords" meta.keywordsubtype="org" meta.entityname="Adam's Bridge" meta.hostid="261" meta.entityid="Adam's Bridge">Adam's Bridge</keyword>. This chain of limestone shoals, stretching 48 kilometers between Rameswaram Island in India and Mannar Island in Sri Lanka, has long been a subject of fascination. The ESA image provides stunning detail of the bridge's structure, sparking renewed interest in its geological history and cultural significance. ESA’s image reveals a stark contrast between the deep blue waters of the Indian Ocean and the lighter hues marking the shallow regions around the Ram Setu. Here, the seabed dips to a depth of only 1 to 10 meters, suggesting a submerged landmass slowly revealing its secrets. Exposed sandbanks further bolster this theory. The picture also highlights the bridge's ecological importance. Mannar Island on the Sri Lankan side boasts thriving ecosystems protected within a national park. The island itself is connected to mainland Sri Lanka by modern bridges. <cmsannotation type="cmsannotation" annotationid="Myth and science collide" comment="subhead" text="Myth and science collide">Myth and science collide </cmsannotation>Legends surrounding the Ram Setu claim it was built by Lord Rama, a revered Hindu deity, with the help of his monkey army. However, scientific evidence suggests a more natural origin story. Geologists believe the shoals are remnants of a landmass that once connected the Indian subcontinent to Sri Lanka. Historical records seem to support this theory, indicating that the bridge was indeed a traversable land route until the 15th century, when powerful storms gradually submerged portions of the path. On the Indian side, Rameswaram Island, also known as Pamban Island, beckons with its historic temples and vibrant culture. The 2-kilometer-long <keyword id="20698539" type="General" weightage="20" keywordseo="Pamban-Bridge" source="keywords" meta.keywordsubtype="org" meta.entityname="Pamban Bridge" meta.hostid="261" meta.entityid="Pamban Bridge">Pamban Bridge</keyword>, a marvel of engineering, connects the island to the mainland. The ESA's image offers a valuable tool for scientists and historians alike. By studying the intricate details of the Ram Setu, researchers can gain a deeper understanding of the region's geological history and the impact of environmental changes over time. The bridge also serves as a reminder of the rich cultural heritage shared by <keyword id="82358" type="General" weightage="20" keywordseo="India-and-Sri-Lanka" source="Orion">India and Sri Lanka</keyword>.

ESA satellite attempts to unveil secrets of Ram Setu — the mysterious bridge between India and Sri Lanka

<ul class="summary-list"><li>A 9-to-5 working day can block creativity and deep focus, a neuroscientist said.</li><li>The brain is primed to do certain types of work at certain times of day, according to Mithu Storoni.</li></ul>Mithu Storoni, a neuroscientist and expert on mental stress, made three "radical" changes to the way she works after writing her latest book on <a target="_blank" href="https://www.businessinsider.com/how-to-use-chatgpt-at-work-job-save-time-ai-2023-2">optimizing workflow</a>.While researching "Hyperefficient," a book about working efficiently in the age of AI, she realized the traditional <a target="_blank" href="https://www.businessinsider.com/gen-z-how-to-manage-nine-to-five-work-schedule-2023-11">9-to-5 pattern of office work</a> blocks creativity and doesn't take into account the natural rhythm of the brain or a person's individual needs, Storoni told Business Insider.Data suggests the brain is better at performing certain tasks at certain times of the day, Storoni said. Creative, innovative <a target="_blank" href="https://www.businessinsider.com/interview-tips-show-problem-solving-examples-2022-4">problem-solving</a> and thinking "peaks off-peak" early in the morning and late at night, Storoni said. In the mid to late morning, we tend to be more alert and able to do tasks that require deep focus, whereas, after lunch, it's common to have an energy slump.Most jobs will have an employee doing different types of work, from idea generation to admin, and each type requires a different mental state, she said. This means a <a target="_blank" href="https://www.businessinsider.com/social-media-rallying-against-9-to-5-jobs-outdated-2023-11">rigid working schedule</a> is ultimately inefficient."If you impose the same routine on everyone, you are actually preventing people from working at their best at what they're doing," Storoni said. "We need to radically rethink the way we work."There's evidence to suggest that flexibility leads to a more productive workforce. In the 2023 <a target="_blank" href="https://futureforum.com/2023/02/15/pulse-winter-snapshot-2022-2023-workplace-flexibility-company-culture-productivity/">Future Forum Pulse survey</a> — which is backed by Slack and collected data from 10,646 knowledge workers across the US, Australia, France, Germany, Japan, and the UK — 39% of people with full schedule flexibility reported higher productivity scores than those who had no control over their hours.In the book, Storoni outlines the three "gears" of the brain: with gear one being a daydreaming, relaxed state, gear two being the sweet spot for focus, and gear three being a hyperaroused, stressed mode. She shared the measures she takes to keep herself in gear two when working.She stressed that this isn't about "<a target="_blank" href="https://www.businessinsider.com/how-scary-hour-productivity-hack-improved-focus-productivity-2023-3">hacking the system</a>" in an attempt to be as consistent as a computer or force your brain to work in a certain way, but rather encouraging the brain to work the way it wants to work.<h2 id="fe1b5d55-0935-4002-9957-21d648b0892b">Schedule tasks around brain rhythm</h2>As much as possible, Storoni now schedules her working day around the type of tasks she needs to do. "I work according to the time of day," she said.Typically, she starts her day with a workout, but if she needs to do something creative, like write a piece for a magazine, she'll block off that time for work and find another time to exercise.Storoni is mainly freelance, which gives her more flexibility than a salaried employee. But provided you have at least some agency over when you do which tasks, this idea could be applied to a typical working day, she said.<h2 id="6cfc7037-1264-4748-ae67-1d1df9278e24">When she does something creative when she has a mental block</h2>When Storoni hits a wall, she leaves her desk and does something creative. "Even if it's not actually working on that creative problem, I do something parallel that's creative," she said. It helps stimulate her imagination and get the juices flowing.<div type="image" title="A woman sitting on a couch with a cup of coffee and a book." height="1414" width="2121" msid="113396104" hostid="261" sizebytes="197732"></div>This could be reading some fiction, listening to an audiobook on a walk, or even something more active like painting or drawing. "That puts me into the right state of mind for when I come back and overcome that mental block," she said.Taking time away from the screen is essential and doesn't necessarily mean you have stopped working. "I go for a walk confident that actually, even though I'm not visually sitting and looking like someone who's working, I know my mind is working," she said.This attitude helps her take breaks without feeling guilty or unproductive.<h2 id="2e5a4c01-de69-4fc3-9df5-357243f3fec6">Shut off all potential avenues of incoming information</h2>Maintaining a state of focus (gear two) can be hard and requires an element of self-control, Storoni said, so minimizing distractions can be very helpful.When she's doing focused or creative work, Storoni puts her phone face down on silent, pauses her email notifications, and doesn't read anything."I don't speak to anyone, I don't take any messages, nothing until I'm out of that zone," she said, adding: "As soon as you engage with something, you can't say, 'okay, we're not processing this information.' You have to because that's what attention is."Having to process information from different streams at once can easily tip someone out of that focused zone as there's too much competition for their attention. This means there are fewer resources for the task at hand, and the quality lessens, she said.

A neuroscientist is more efficient than ever after making 3 simple changes that take advantage of when her brain works best

<ul class="summary-list"><li>Anthropic says it is closer to backing a California bill to regulate AI.</li><li>The bill, introduced by Sen. Scott Wiener, aims to deter unsafe AI models.</li></ul><a target="_blank" href="https://www.businessinsider.com/heres-ai-company-amazon-betting-billions-on-anthropic-2024-3">AI company Anthropic</a> is now backing a controversial bill known as SB 1047, which would regulate AI in California.In a <a target="_blank" href="https://cdn.sanity.io/files/4zrzovbb/website/6a3b14a98a781a6b69b9a3c5b65da26a44ecddc6.pdf">letter</a> sent to California Gov. Gavin Newsom, Anthropic's CEO, Dario Amodei, said the bill's "benefits likely outweigh the costs." However, he added that "we are not certain of this, and there are still some aspects of the bill which seem concerning or ambiguous to us."Anthropic's cautious approval comes just a month after the company proposed a <a target="_blank" href="https://www.businessinsider.com/california-ai-bill-makes-openai-meta-google-anthropic-nervous-2024-8">series of amendments to SB 1047</a> — which was first introduced to the state legislature by Sen. Scott Wiener in February.In a letter sent to state leaders in July, Anthropic called for a greater focus on deterring companies from building unsafe models rather than enforcing stringent laws before catastrophic incidents happen. It also suggested that companies be able to set their standards for safety testing instead of adhering to regulations prescribed by the state.An amended version of the bill published on August 19 includes several modifications. First, it limits the scope of civil penalties for violations that don't result in harm or imminent risk, <a target="_blank" href="https://safesecureai.org/amendments">according to a post</a> by Nathan Calvin, senior policy counsel at the Center for AI Safety Action Fund, which is a cosponsor of the bill and has been working with Anthropic since the bill was first introduced.There are also some key language changes. Where the bill originally called for companies to demonstrate "reasonable assurance" against potential harms, it now calls for them to demonstrate "reasonable care," which "helps clarify the focus of the bill on testing and risk mitigation," according to Calvin. It's also "the most common standard existing in tort liability," he wrote.The updated version also downsized a new government agency that would enforce AI regulations, once called the Frontier Model Division, to a board known as the Board of Frontier Models and placed it within the already existing Government Operations Agency. That board now has nine members instead of five members. With that, however, the reporting requirements on companies have also increased. Companies must publicly release safety reports and send unredacted versions to the state's attorney general.The updated bill removes the penalty of perjury, thereby eliminating all criminal liability for companies and imposing only civil liabilities. Companies are now required to submit "statements of compliance" to the attorney general rather than "certifications of compliance" to the Frontier Model Division.Amodei said the bill now "appears to us to be halfway between our suggested version and the original bill." The benefits of developing publicly available safety and security protocols, mitigating downstream harms, and forcing companies to seriously question the risks of their technologies will "meaningfully improve" the industry's ability to combat threats.Anthropic bills itself as a "safety and research company" and has won some <a target="_blank" class="" href="https://www.businessinsider.com/amazon-invests-4-billion-in-anthropic-2023-9">$4 billion in backing from Amazon</a>. In 2021, a group of former OpenAI staffers, including Dario Amodei and his sister Daniela, started the company because they believed AI would have a dramatic impact on the world and wanted to build a company that would ensure it was aligned with human values.Wiener was "really pleased to see the kind of detailed engagement that Anthropic brought in its 'support if amended letter," Calvin told Business Insider. "I really hope that this encourages other companies to also engage substantively and to try to approach some of this with nuance and realize that this kind of false trade-off between innovation and safety is not going to be in the long run interest of this industry."Other companies that the new legislation will impact have been more hesitant. <a target="_blank" class="" href="https://www.businessinsider.com/openai-sam-altman-stance-california-ai-bill-regulation-2024-8">OpenAI sent a letter</a> this week to California state leaders opposing the bill. One of its key concerns was that the new regulations would push AI companies out of California. Meta has also argued that the bill "actively discourages the release of open-source AI."

You Searched For "changes in agencies" and got 11 results

DOGE wants to 'delete' entire federal agencies, Vivek Ramaswamy says

Joshua Nelken-Zitser

Musk's DOGE wants to 'delete' entire government agencies. Here's where the most people are employed and what they make.

Ayelet Sheffey,Madison Hoff

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