Tech stocks shed value last week after a Massachusetts Institute of Technology report said that only 5 percent of companies that have adopted artificial intelligence (AI) have made a profitable use of it and that half of corporate AI experiments have failed.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
The U.S. Office of Personnel Management expects a total of 300,000 layoffs of federal workers by the end of the year. John Krupp, the director of the agency, said 154,000 workers accepted the voluntary separation incentive payments that were offered earlier this year.
A newly published study raised alarm over developmental risks that wireless radiation inside homes poses to babies as they develop various milestones, like their fine motor skills and problem-solving capabilities, finding that these frequencies have greater impact on children than adults.
Long gone are the days when Americans would sit down with a good book to read for the sake of reading and enjoyment, according to a newly released survey.
Fox News was embarrassed last week when court documents were released from the Smartmatic lawsuit against Fox Corporation that revealed a behind-the-scenes effort by prominent hosts on the network trying to help President Donald Trump be re-elected in 2020—even after the contested election.
Mike Huckabee, the U.S. ambassador to Israel, said last week that when European leaders make “noise” about a Palestinian state, the effort turns out to have a “counterproductive effect that they probably think that they want.”
U.S. President Donald Trump gave an interview last week where he called Israeli Prime Minister Benjamin Netanyahu and himself war heroes after their coordinated attacks on Iran in June.
Ukraine informed the Trump administration that it will use European money to buy $100 million in American-made weapons in return for security guarantees if there is ever a peace deal with Russia, according to a report last week.
Taiwan announced last week that it will try to increase military spending by 22.9 percent—or 3.3 percent of its GDP—to enable it to stand up against any aggression by China.