Economy

Economy
Economy

OpenAI’s Sam Altman says world ‘right to be afraid’ but ‘should trust’ AI firms

Sam Altman, the head of OpenAI, admitted during a recent conference in San Francisco that the world is right to be afraid of the rapid progression of artificial intelligence. Speaking at an event hosted by Salesforce, Altman acknowledged that imagining potential disasters no longer requires much creativity given how quickly these tools have evolved. His

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Economy

OpenAI, Anthropic, Google have been in talks on AI safety for weeks

In a surprising shift toward cooperation among the world’s biggest tech rivals, OpenAI, Anthropic, and Google DeepMind have spent the last several weeks holding private talks focused on AI safety. Chris Lehane, OpenAI’s global policy chief, confirmed the collaboration during a trip to Washington where he has been engaging with lawmakers about the potential for

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Economy

Ford unveils 2027 F-150 with hands-free towing, first-ever Carhartt edition

Ford is shaking up its most popular vehicle with a comprehensive refresh of the F-150 for 2027, focusing heavily on utility and lifestyle partnerships. According to Greg Christensen, Ford’s general manager of North America Trucks, the updates were driven directly by customer habits, specifically targeting those who balance demanding work weeks with outdoor hobbies like

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Economy

Fed expected to hike interest rates for first time since 2023. See what it means for your money.

Americans are bracing for a shift in their wallets as the Federal Reserve prepares to raise its benchmark interest rate this Wednesday for the first time since 2023. Economists widely expect a 0.25 percentage point increase during the September 16 meeting, a move designed to combat stubborn inflation that continues to hover well above the

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Economy

Anthropic’s CEO calls for AI slowdown as Nvidia’s urges acceleration

A fundamental rift is opening between the titans of Silicon Valley over how quickly artificial intelligence should be integrated into society. During Salesforce’s Dreamforce convention in San Francisco this week, Anthropic CEO Dario Amodei urged the industry to hit the brakes, arguing that the current pace of development is dangerously reckless. Using an automotive analogy,

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Economy

US borrowing costs hit highest level since 2007 as oil prices jump

United States government borrowing costs have surged to their highest levels seen since 2007, triggered by a spike in oil prices that has reignited fears over persistent inflation. The benchmark 10-year Treasury yield briefly touched 5.04 percent before easing slightly, reflecting a global trend where rising energy costs linked to conflict between the US and

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Economy

Could AI really wipe out humanity – six experts spell out the risks

Recent alarms regarding the future of artificial intelligence have shifted from theoretical debates to stark predictions of catastrophe, leaving experts deeply divided on whether we are facing a genuine existential threat or a calculated corporate narrative. At the center of the storm is Anthropic, where executives and scientists have floated frightening possibilities, including a ten

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Economy

Ford increases V-8 engine availability, lowers performance prices for 2027 F-150 trucks

Ford is doubling down on traditional power and accessibility for its 2027 F-150 lineup, announcing a strategic expansion of V-8 engine options alongside price cuts for its higher performance models. This shift comes as the Detroit automaker attempts to navigate broader industry affordability challenges while responding to a clear demand from loyal truck buyers who

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Economy

Canada is a ‘safe harbour’ for global finance, Carney says

Prime Minister Mark Carney spent Tuesday pitching Canada as a safe harbour for the world’s wealthiest investors, arguing that the nation is perfectly positioned to thrive within a shifting global economic order. Speaking to a crowd of over one hundred representatives from sovereign wealth funds and global investment firms in Toronto, Carney sought to attract

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Economy

Will AI really destroy humanity? Pioneers who created the tech weigh in

The question of whether artificial intelligence will eventually lead to the downfall of humanity has moved from the realm of science fiction into serious academic and political debate. Recently, a wave of alarms has been sounded by researchers at industry giants like OpenAI, Google DeepMind, and Anthropic, creating an unusual moment of consensus among tech

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