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University Of Michigan

All articles tagged with #university of michigan

Michigan's Early OpenAI Bet Could Turn $20 Million Into Billions
business21 days ago

Michigan's Early OpenAI Bet Could Turn $20 Million Into Billions

University of Michigan invested $20 million in OpenAI during its early fundraising, a stake cited in a court exhibit from the Elon Musk–Sam Altman litigation. Although terms aren’t fully disclosed, the document indicates a target redemption amount of about $2 billion and shows that Michigan and other early investors would be prioritized over Microsoft in payouts, with figures adjusted for inflation. If OpenAI continues to grow, the endowment could yield billions, a rare windfall for a university investor.

via Business Insider|
#business#endowment#microsoft
U.S. consumer mood edges up from historic low as inflation fears linger
economy1 month ago

U.S. consumer mood edges up from historic low as inflation fears linger

The University of Michigan’s final April consumer sentiment index fell to 49.8, the lowest on records dating to 1952, but rose slightly from the preliminary reading after a ceasefire announcement and softer gas prices. Despite the modest rebound, Americans remain worried about finances as year-ahead inflation expectations jumped to 4.7% from 3.8% in March—the largest one-month rise since April 2025—leaving overall sentiment just below levels seen in mid-2022 when inflation peaked.

via CNN|
#consumer-sentiment#economic-outlook#economy
Former UM Aide Details 'Open Secret' Affair With Sherrone Moore, Abortion Disclosure
sports1 month ago

Former UM Aide Details 'Open Secret' Affair With Sherrone Moore, Abortion Disclosure

Paige Shiver, a former University of Michigan athletic department executive assistant, says her four-year relationship with coach Sherrone Moore was an 'open secret' at the university and that she underwent an abortion after doctors advised due to her Pompe disease; Moore was terminated, and later sentenced to 18 months of probation for trespassing; the university’s months-long athletics department investigation appears to have concluded, with more than $9.5 million spent on outside counsel.

via The Detroit News|
#abortion#athletic-department-investigation#paige-shiver
Michigan to launch presidential search after incoming leader diagnosed with brain cancer
education1 month ago

Michigan to launch presidential search after incoming leader diagnosed with brain cancer

University of Michigan's incoming president Kent Syverud has been diagnosed with brain cancer and will not assume the presidency; a new presidential search will be launched, with interim president Domenico Grasso continuing in leadership as the university navigates the transition, while Syverud remains employed as a professor and adviser.

via The Chronicle of Higher Education|
#brain-cancer#domenico-grasso#education
Michigan president-elect diagnosed with brain cancer, delaying leadership transition
education1 month ago

Michigan president-elect diagnosed with brain cancer, delaying leadership transition

The University of Michigan announced that Kent Syverud, selected to be the university's 16th president, has been diagnosed with a form of brain cancer and will not assume the role. Interim President Domenico Grasso will continue leading as the university restarts the search for a new president, and Syverud plans to rejoin the Michigan Law School faculty after treatment at Michigan Medicine.

via The Detroit News|
#brain-cancer#domenico-grasso#education
UMich President-Elect Kent Syverud Diagnosed with Brain Cancer, Delays Takeover
education1 month ago

UMich President-Elect Kent Syverud Diagnosed with Brain Cancer, Delays Takeover

Kent Syverud, the University of Michigan's president-elect, has been diagnosed with brain cancer and will not assume the presidency as planned. Interim president Domenico Grasso will continue in that role while the university launches a search for a new leader. Syverud will remain affiliated with the university as a law professor and as a special advisor to the board.

via Detroit Free Press|
#brain-cancer#education#interim-president
Ex-UM football coach avoids jail, given probation in knife-threat incident
crime1 month ago

Ex-UM football coach avoids jail, given probation in knife-threat incident

Former Michigan football coach Sherrone Moore was sentenced to 18 months of probation after pleading no contest to two misdemeanors—trespassing and malicious use of a telecommunications device—stemming from a December incident in which he allegedly entered a former employee’s apartment with kitchen knives; no jail time was ordered, and he must undergo mental health treatment, pay court costs, and have no contact with the victim, Paige Shiver, while the case can be deferred during probation.

via The Detroit News|
#crime#malicious-use-of-a-telecommunications-device#probation
America’s economic mood sinks toward a record low in April
economy1 month ago

America’s economic mood sinks toward a record low in April

The University of Michigan’s preliminary April 2026 consumer sentiment index fell 11% to 47.6, potentially the lowest on record, reflecting broad American pessimism about the economy despite relatively low unemployment and inflation. Near-term inflation expectations rose to 4.8% and longer-run expectations to 3.4%; sentiment dropped across Democrats and Republicans. Analysts say confidence could improve if Iran-related supply disruptions ease and gas prices moderate.

via Axios|
#april-2026#consumer-sentiment#economic-confidence
Record-low U.S. consumer morale sinks to new depths as war-driven inflation bites
economy1 month ago

Record-low U.S. consumer morale sinks to new depths as war-driven inflation bites

The University of Michigan’s consumer sentiment index fell to a record low of 47.6 in April 2026 as price spikes tied to the US–Iran conflict weigh on shoppers; inflation expectations rose (short-term 4.8%, long-term 3.4%), March CPI jumped 0.9% to 3.3%, and unemployment remains relatively low, suggesting sentiment could depress consumer spending if the labor market weakens.

via CNN|
#consumer-sentiment#cpi#economy
Moore's Defense Seeks Dismissal Over Arrest Warrant
crime4 months ago

Moore's Defense Seeks Dismissal Over Arrest Warrant

An attorney for former UM football coach Sherrone Moore asks a judge to dismiss the charges, arguing the arrest warrant rests on false statements and seeking extensive discovery (including phone records and UM Title IX materials). The defense signals a possible Franks hearing to challenge officers’ statements, with a Feb. 17 discovery hearing and a March 19 probable-cause conference on the schedule.

via detroitnews.com|
#arrest-warrant#crime#discovery