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OPENAI PULLS THE PLUG ON UK STARGATE DATA CENTER
OpenAI has suspended its plan to build one or more Stargate AI data centers in the U.K. due to the country’s high energy prices in the wake of the Iran War.
BY 2030, AI WILL DISRUPT HALF OF U.S. JOBS, STUDY SAYS
Over the next three years, AI will “reshape” half to 55 percent of U.S. jobs, according to a study by the Boston Consulting Group (BCG). Within five years, the technology will erase 10 to 15 percent of U.S. jobs, the report said.
OPENAI PROPOSES SHARING THE WEALTH AI CREATES
In a paper released earlier this month, OpenAI listed three objectives that any governance plan for AI should address: mitigating risks, democratizing“access and agency,” and sharing the resulting prosperity broadly.
NEURO AI SLASHES ENERGY USE AND HAS BETTER ACCURACY
AI data centers are using about 10 percent of the electricity consumed in the U.S., where most of the centers are located, and that amount will double in less than four years, according to the International Energy Agency.
MARKET OVERVIEW
Despite retreating Thursday after Donald Trump’s comments that bombing will continue in the Iran War, the three major U.S. stock indexes booked gains for the shortened week.
CENTRAL BANKS DUMP U.S. TREASURY SECURITIES
In March, central banks cashed in $82 billion worth of their holdings of U.S. treasury securities at the Federal Reserve Bank of New York, reducing the volume of their securities there to the lowest since 2012, the Financial Times reported.
GM FIRST-QUARTER SALES FALL BY MOST IN FOUR YEARS
General Motors’ sales in this year’s first quarter were 9.7 percent below those a year earlier as high sticker prices and interest rates kept buyers away, The Wall Street Journal reported.
U.S. TRADE DEFICIT WAS LARGER IN FEBRUARY
February’s U.S. trade deficit grew 4.9 percent larger than January’s, rising to $57.3 billion.









