I certainly wouldn’t go so far as to say the robotics industry is recession-proof, but it’s remained remarkably stable through a turbulent few years of economic instability. Automation was accelerated dramatically by the pandemic and interest only continues to grow. That’s a good thing for the people who are needed to create and build these […]
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SEC sues entrepreneur, alleging $1 billion in unregistered crypto sales and multimillion-dollar fraud
The Securities and Exchange Commission on Monday filed charges against a U.S. citizen it alleged raised more than $1 billion through the unregistered offer and sale of crypto securities before pilfering millions to fuel a high-status lifestyle and the acquisition of luxury goods, including the largest black diamond in the world. Richard Schueler, also known as Richard Heart, operated […]
READ MOREMusk explains why he’s rebranding Twitter to X: It’s not just a name change
Elon Musk recently explained why he decided to rebrand Twitter to X and noted that it’s more than just a name change. Instead, it represents his plans to create an “everything app.” “Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the everything app. This is not simply […]
READ MOREFed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities
The Federal Reserve’s top banking regulator expressed caution Tuesday about the impact that artificial intelligence can have on efforts to make sure underserved communities have fair access to housing. Michael S. Barr, the Fed’s vice chair for supervision, said AI technology has the potential to get credit to “people who otherwise can’t access it.”
READ MOREBitcoin touches a 13-month high as the drumbeat for institutional demand grows lounder
Bitcoin touched a 13-month high on Thursday as the drumbeat for institutional bitcoin demand grew louder following comments from BlackRock CEO Larry Fink. The cryptocurrency ended the day flat at $30,302.03, according to Coin Metrics. Early in the morning, it climbed to about $31,450, reaching its highest level since June 2022. It gave back those gains, however, after better-than-expected […]
READ MOREHow A.I. took center stage in the Hollywood writers’ strike
After failing to reach a contract resolution with the studio association, more than 11,000 film and television writers remain on strike. Of the many topics under consideration in this year’s Writers Guild of America contract discussions, one nascent technology has fueled dissent among the negotiators: artificial intelligence.
READ MOREU.S.-China tech battle entering its ‘primetime’- and generative A.I. could be the next frontier
Generative artificial intelligence, the technology that viral chatbot ChatGPT is based on, could be the new battleground in the battle for tech supremacy between the U.S. and China, according to one analyst. Despite the two nations seeking better relations after U.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping this week, analysts said the […]
READ MOREEU consumer group calls for ‘urgent investigations’ of generative AI risks
Consumer groups in Europe are urging authorities to protect consumers against the risks of generative AI, like ChatGPT. On Tuesday, the European Consumer Organization (BEUC), representing consumer groups from 13 European countries, published a call to action(opens in a new tab), citing generative AI’s ability to spread disinformation, entrench bias and discrimination, and create scams.
READ MORENobody is happy with NYC’s $18 delivery worker minimum wage
New York City has established a new minimum wage for food delivery workers who deliver for platforms like Uber Eats, DoorDash, Grubhub and Relay. It should be a historic win for gig workers, but both delivery workers and companies are unhappy with it. Many workers, labor rights activists and even the city’s comptroller say the […]
READ MOREChatGPT launched six months ago. Its impact – and fallout – is just beginning | The AI Beat
A mere six months ago today, OpenAI released ChatGPT. Since then, it’s been a dizzying AI ride: The “interactive, conversational model” became the talk of the AI community within days and a global cultural phenomenon within weeks. In a new, unsettling twist, ChatGPT’s massive popularity can also be tied directly to today’s mainstream media headlines […]
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