Economy

Economy
Economy

Why this AI doomsday warning from former Anthropic researcher broke through

For years, the tech world has grown accustomed to the rhythmic cycle of AI doommongering. High profile researchers frequently resign from giants like Google or OpenAI, claiming that humanity is hurtling toward an existential cliff. From Nobel laureates like Geoffrey Hinton to the fractured leadership battles between Sam Altman and Elon Musk, the narrative of

Read More
Economy

GM launching new customer software experience with redesigned Chevy, GMC pickups

General Motors is preparing to overhaul the way drivers interact with their vehicles, starting later this year with a complete redesign of the software experience in its Chevrolet Silverado and GMC Sierra pickup trucks. The automaker is aiming for a user interface that feels more like a modern smartphone, focusing on intuitive controls and deep

Read More
Economy

Get ready for yet another cost when buying a home: Junk fees

For many aspiring homeowners, the stress of saving for a down payment and passing a home inspection is already overwhelming. However, a growing trend of hidden charges known as junk fees is adding an unexpected financial sting right at the finish line. These costs, which often masquerade as administrative or document storage fees, can range

Read More
Economy

Microsoft unveils code of conduct for AI models as safety concerns mount

Microsoft has unveiled a draft of its Humanist AI Code of Conduct, marking a significant step in the tech giant’s attempt to address mounting global anxiety surrounding artificial intelligence. The thirty seven page document serves as a blueprint for the development of Microsoft AI models, emphasizing that humans must maintain meaningful control over the technology

Read More
Economy

Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike

Federal Reserve Chairman Kevin Warsh enters a high stakes week where he must navigate a delicate balancing act regarding the nation’s interest rates. While financial markets have almost entirely priced in a quarter percentage point hike for Wednesday’s vote, the real tension lies in whether Warsh can secure a broad consensus among the twelve voting

Read More
Economy

Tesla: The Cybercab Failure Is Worse Than You Think (NASDAQ:TSLA)

Tesla recently unveiled its long awaited Cybercab with significant fanfare, but beneath the glossy presentation lies a growing concern among market observers that the project is fundamentally flawed. While Elon Musk painted a picture of a seamless autonomous future where steering wheels are relics of the past, critics argue that the actual path to deployment

Read More
Economy

Why cash continues to thrive even as India’s digital payments grow

India is currently witnessing a strange economic contradiction known as the cash paradox. While the nation has built one of the most successful digital payment ecosystems in the world, with UPI transactions surging toward a billion per day, the amount of physical currency in circulation is actually climbing. According to the Reserve Bank of India,

Read More
Economy

Here’s the severance package Oracle offered laid-off US employees

Oracle is trimming its workforce once again as the software giant pivots its financial resources toward the expensive race for artificial intelligence. Internal documents obtained by Business Insider reveal that affected U.S. employees are being offered a severance package consisting of four weeks of base salary, with an additional week added for every subsequent year

Read More
Economy

‘Big Short’ Michael Burry says AI leaders’ calls for slowdown are ‘self-serving’ and he’s not worried

Michael Burry, the investor famous for predicting the 2008 housing market collapse in The Big Short, is dismissing recent alarms raised by artificial intelligence leaders as nothing more than a calculated business move. While CEOs from giants like OpenAI and Anthropic have called for a slowdown in development to avoid potential existential risks to humanity,

Read More
Economy

Novo CEO tells CNBC why drugmaker is rebranding, needs to ‘rethink’ obesity strategy

Novo Nordisk is entering a new era under the shortened brand name Novo, signaling a sweeping effort to modernize its corporate identity and reclaim ground in the fiercely contested obesity drug market. Speaking with CNBC, CEO Mike Doustdar explained that the rebranding is part of a larger package designed to evolve the company’s internal culture

Read More