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🌎 David versus Exxon

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Wed, May 31, 2023 10:27 AM

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Plus: China’s C919 needs foreign tech Was this newsletter forwarded to you? May 31, 2023 Sponso

Plus: China’s C919 needs foreign tech Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/XeaPaarV3M4XiZgNINcm0NPt0P1Nfxgji5huv9Dvop0=303) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850490116%2Fdavid-versus-exxon%2F/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/IzU3QWnR8s5iMpr0rWdskBVP_YiiqFCLvEuvsstj_68=303) May 31, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850490116%2Fdavid-versus-exxon%2F/2/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/vFqzaahAgWcGPV9CPVLf54dhFxCHlCGG4qjHChXS4TI=303) Sponsored By Good morning, Quartz readers! Here’s what you need to know ExxonMobil is preparing to fend off activist investors... The oil giant wants shareholders [to vote against proposals](%2F%2Fqz.com%2Fexxonmobil-is-preparing-to-fend-off-multiple-shareholde-1850487744%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/YqHWnuzEWGPYD3u9HR9uLTzdo0T_IbLB2tqG-pfBoUQ=303) calling for greater clarity over the company’s emission reduction targets. ... while Delta Air Lines is being sued over its carbon neutrality claims. A class action lawsuit [questions the efficacy](%2F%2Fqz.com%2Fdelta-air-lines-lawsuit-carbon-neutrality-offsets-claim-1850490129%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116%26rev=1685525538703/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/NlXHlO6HanQv4Sz9-zUXb7R349CX3YhATvXr-D_UNXk=303) of the airline’s carbon offsets. AI experts warned that the technology poses an existential threat to humanity. Sam Altman, the CEO of ChatGPT maker OpenAI, was among the [open letter’s signatories](%2F%2Fqz.com%2Fexperts-in-ai-are-warning-it-poses-a-risk-of-extinctio-1850486661%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/Yka_lCv-f09yw2IVj-4pRZ8YiKK-0ER86Rvt6iUOvLI=303). Twitter has now lost two-thirds of its value since Elon Musk’s takeover. Fidelity slashed the value of its stake in the company once again, [an overall 66% decrease](%2F%2Fqz.com%2Ftwitter-value-elon-musk-fidelity-stake-markdown-1850490141%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116%26rev=1685527379563/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/tpznUL5fJIhrhOAujD1ifoKrbHmfp3tXo6engYqNmD4=303) from what it was worth at the end of October. Sponsor content by Henley & Partners [Henley & Partners]( Invest AED 2 million (USD 550,000) in real estate in the UAE and gain residence to this secure, future-focused nation. Access the nation's safe and secure environment, attractive employment conditions, strong economy, and no stamp duty or capital gains tax. Successful applicants and their families can live in any of the seven emirates in the UAE. [advertisement][advertisement][advertisement] [Invest Now]( Foreign tech is powering China’s homegrown plane At least $70 billion: Investment China has made in its C919 airplane since 2007 State-backed agencies have hailed the aircraft as one that’ll compete directly with Airbus and Boeing. But core parts of the C919—including its engine, tires, and in-flight entertainment—are sourced from the US and European countries, thanks to the very Airbus-Boeing duopoly China is trying to dismantle. [Read more about the C919’s maiden flight](%2F%2Fqz.com%2Fchinas-c919-plane-full-of-foreign-tech-from-us-europe-1850484252%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/ntCoh6Ni81YHZsfVBWG_aBHNLvUYkWAWOGZDfv2r86M=303) and what it means for global aviation. The Turkish lira didn’t cheer on Erdoğan Turkey’s currency [had a bad day yesterday](%2F%2Fqz.com%2Fturkish-lira-us-dollar-record-low-erdogan-election-win-1850486179%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/C_wX3pUnk2DjBGQ4TbW6zmPvnBNWg7e2Fua6nvxb6DU=303), slipping to a fresh low against the US dollar. The lira was reacting to the re-election of [president Recep Tayyip Erdoğan](%2F%2Fqz.com%2Fwhat-if-erdogan-loses-1850429891%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/x7vb9w0DCtMrB98ScNJlRlQtBE5lxlc3tYLUCTec76E=303), whose fiscal policies have been unpopular. %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850490116%2Fdavid-versus-exxon%2F/3/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/UOMhNxV90yn8UWZlNy3Or3vdkI6B3-PEYAWfXl77PhI=303 Graphic: (Mimansa Verma) What do the World’s Fair and our podcast have in common? We won’t make you click through for the answer: Both are methods—[past](%2F%2Fqz.com%2Fworlds-fair-exhibition-technology-inventions-showcase-1850392046%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/xixTtIWdGYe9MZcR0Ue2eMTVXbkBXeHuCv2erZTdRNg=303) and present—through which new technological wonders are communicated. Will all our [homes be smart](%2F%2Fqz.com%2Fsmart-homes-modern-virtual-assistants-tech-1850401779%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/CvYM3QcZhW8rrl_uV5KAkYZ1d5ri38gUi6y45VLD6DU=303) in the future? Will we ever be able to [vote online](%2F%2Fqz.com%2Fonline-voting-elections-cybersecurity-democracy-estonia-1850451708%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/Mn9s7fy_0lH8901F4g8DveC8lLuSyN5E-8Uc5ePBT7Y=303)? Can AI be trusted to [vet us for jobs](%2F%2Fqz.com%2Falgorithmic-hiring-companies-job-application-process-1850477046%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/jKGIQO_iDsNga-yQMMHZlW1qoPjTKANaypdiPpCvBUA=303)? And will it ever not churn out [bonkers information](%2F%2Fqz.com%2Fai-hallucinations-chatgpt-chatbots-training-data-1850425577%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/Q2EyIY3eGTacyA4WXgwk0PSWRyux69qWlKvpl6PDgiI=303)? And once and for all, can we finally find some solution to [the problem of single-use plastic](%2F%2Fqz.com%2Fsingle-use-plastics-recycling-environment-consumers-1850438689%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/bk2PSb7LgH6wIJKugQXKV_3aDg_o7jXfXmQK1BYuiQY=303)? Learn about the life-changing promises made by tech innovations, and whether they’ll be able to make good on them, in [season 5 of the Quartz Obsession podcast](%2F%2Fqz.com%2Fseries%2Fquartz-obsession-podcast%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/9K_D0ihDAvSwcXprN2Ab10-wdg9nLs-7ivQU9ejR_nk=303), now available in its entirety! 🤖 Binge the whole season, wherever you get your podcasts: [Apple Podcasts](%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fquartz-obsession%2Fid1587735076/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/H-6W_PB4SY7eRVwpEopmw3mZIxg2jHjFn-7u7XaptuU=303) | [Spotify](%2F%2Fopen.spotify.com%2Fshow%2F6yEQvRgukZ7LJGdGXNi1BT/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/jnqYLVtSIFVOdJCduTb0ZvjvMMwerMuNI-lKSIzAYM0=303) | [Google](%2F%2Fpodcasts.google.com%2Ffeed%2FaHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vcXVhcnR6b2JzZXNzaW9ucG9kY2FzdA/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/OQoQ1gVCFNjJUkFZPcUYWe_7p7iZs7I_c7gcZsaQ-ds=303) | [Stitcher](%2F%2Fwww.stitcher.com%2Fshow%2Fquartz-obsession/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/X0gipxpWGvS1ebDENXBwOCuBKLRcyWyOMJGrTIKu1T4=303) | [YouTube](%2F%2Fwww.youtube.com%2Fplaylist%3Flist=PLWHhRzSHrMU-pjsEa8sIEwQuB3RhS0jes/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/DyIUjEoFV3aUYpWPJrGIwiura7IiFya8mxhXoxRaTAI=303) Quartz most popular 🧜🏿‍♀️ [IMDb sensed something fishy in The Little Mermaid reviews](%2F%2Fqz.com%2Fthe-little-mermaid-reviews-imdb-flagged-1850486096%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/XxcShX9BGaMiMGguIB1rtwRVLVmUkdJ3zKXK7yznbfQ=303) 💉 [Insurance coverage for Ozempic shows the complexity of obesity treatment](%2F%2Fqz.com%2Fozempic-obesity-treatment-insurance-coverage-1850472012%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/XY5yV0kDDG6GzQi8wew7_AgGUEFfpP-41fXl3Vli3TY=303) 🇺🇲 [Which US states have produced the most presidents?](%2F%2Fqz.com%2Fwhich-us-states-have-produced-the-most-presidents-1850475468%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/pG4u32ubzf-XzcJ7A5UtSbncG446iK9weOdDJ2mDa7g=303) 🤖 [A US attorney faces punishment for citing fake cases ChatGPT fed him](%2F%2Fqz.com%2Fa-us-attorney-in-trouble-over-fake-chatgpt-citations-1850484409%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/5rJU8zwPgVzmXNPOYFP8BC2HLs3KzmYnoh4G4L75HeU=303) ✖️ [Twitter has withdrawn from an EU deal to combat disinformation](%2F%2Fqz.com%2Ftwitter-withdrawn-from-eu-deal-to-combat-disinformation-1850484215%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/66HG-yvz6JoIw2JRK_fWDkMynhcuBzzGcvKhnJ_lcuE=303) 🔥 [State Farm has stopped insuring Californian homes because of wildfire risk](%2F%2Fqz.com%2Fstate-farm-has-stopped-insuring-californian-homes-becau-1850486122%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/cKSRcXgvNYkttQBkX0-tuRTgpSsBEznbYVBk129PwlY=303) Sponsor content by Henley & Partners [Henley & Partners]( Invest AED 2 million (USD 550,000) in real estate in the UAE and gain residence to this secure, future-focused nation. Access the nation's safe and secure environment, attractive employment conditions, strong economy, and no stamp duty or capital gains tax. Successful applicants and their families can live in any of the seven emirates in the UAE. [advertisement][advertisement][advertisement] [Invest Now]( Surprising discoveries %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850490116%2Fdavid-versus-exxon%2F/4/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/YRvx3SiFME9Cvxn66Xoa3JjEsZc-XbuUwqqFSAu4KOA=303 Photo: Reuters (Ann Wang) A restaurant in Taipei has a 100-person queue for a 14-legged dish. Order’s up, and [it’s a giant isopod](%2F%2Fwww.cnn.com%2Ftravel%2Farticle-food-and-drink-giant-isopod-ramen-intl-hnk%2Findex.html/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/kWBzW-cq1i0f8sQHCEenwcpK39F7R7evsw22I_2vs8w=303). Blackjack players lost $1 billion at casinos on the Las Vegas Strip last year. That’s [the second-highest](%2F%2Fwww.wsj.com%2Farticles%2Fwhy-youre-losing-more-to-casinos-on-the-las-vegas-strip-73f6f3ab/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/nQHUSIJDZ34AQ3Er4IjoDewqnywaEXn0ewWfPm0J4xA=303) loss on record. Retailers are selling “Jensen Huang” jackets. The Nvidia CEO is giving [black leather coats](%2F%2Fqz.com%2Fnvidias-jensen-huang-has-turned-a-leather-jacket-into-a-1850486210%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/gFf6Ru1OyukCgXtZY4igjgAxIFlSokJsRT8Oi-vXlf4=303) the Steve Jobs treatment. Venice’s Grand Canal was dyed fluorescent green... Police are [still in the dark](%2F%2Fqz.com%2Fvenice-grand-canal-green-fluorescein-climate-change-1850486138%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/n0f-W_jf-3sItxrl9TNIlAs4PMvOgkwQdxmJpHsIP2Q=303) about who did the tinting. …and California’s red velvet cake is losing its color. It’s the first US state to [ban food additives](%2F%2Fqz.com%2Fcalifornia-bill-is-targeting-toxic-chemicals-in-skittle-1850486822%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850490116/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/RLFBKHX5KR3MiiJcrEr6cuWUBVz6Qxj9X1G1alSbqC0=303) used in candies, cake mixes, and protein shakes. Our best wishes for a productive day. Send any news, comments, gourmet isopod, and Jensen Huang jackets to talk@qz.com. Reader support makes Quartz available to all—[become a member](%2F%2Fqz.com%2Fsubscribe%2F/1/010001887159434b-d414922a-96b2-494d-a212-b7ec92d62463-000000/J0ydnY9D5a4hzHsDTJMu9CvTkyXl5y4I8netlFu8TJM=303). Today’s Daily Brief was brought to you by Sofia Lotto Persio, Morgan Haefner, and Susan Howson. 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