Finance

Mamdani expels AI from the classroom for 600,000 students

Mamdani expels AI from the classroom for 600,000 students

Finance—

Generative AI has been suspended by New York City’s schools. The city’s Department of Education imposed a one-year moratorium on the use of AI by students in elementary and middle school classrooms, officials said on Wednesday. High school students, meanwhile, will take two “AI literacy courses”…

Tim Cook scores $47 million pay deal to stay on as Apple’s chairman

Tim Cook scores $47 million pay deal to stay on as Apple’s chairman

Finance—

Tim Cook is no longer Apple’s CEO, but he’ll continue to collect a CEO-sized paycheck. This week, Cook handed Apple’s reins to John Ternus after 15 years in charge, and took on the role of executive chair. Cook’s new job pays a $2 million salary instead of $3 million, and comes with an annual equity