JPMorgan Chase, the world’s richest bank by market capitalization, is being “fundamentally rewired” to take the greatest possible advantage of AI, chief data analytics officer Derek Waldron said in a CNBC interview.
Author: admin (Kendrick Williams)
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WILL AI DEVELOPERS’ LOSSES SINK THE MEGATECH COMPANIES?
Alphabet, Amazon, Microsoft, and Nvidia all reported hefty third-quarter profits. However, much of their future earnings depend on their contracts with Anthropic, Open AI, and other stand-alone AI developers that, so far, show few prospects of having the money to make good on their commitments.
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PRESSURED BY BIG TECH, EU BACKTRACKS ON WORLD-FIRST AI LAW
The European Commission (EC) is thinking of suspending parts of its AI Act, the landmark suite of regulations it established in May 2024 to govern artificial intelligence amid intense pressure from Big Tech companies and the US government.
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ECONOMIC UPDATE – MARKET OVERVIEW
Today, when the U.S. equity markets opened, the Dow was down more than 100 points, the tech-heavy Nasdaq was down 1 percent and S&P 500 was down 0.7 percent.
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THE FED / TREASURY MERGER. ‘A CONTROLLED DEMOLITION OF CAPITALISM AND FREE MARKETS.’
The Fed and US Treasury have put themselves in a position of ENORMOUS power. Here, I want to break it down for you.
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TECHNOCRACY BRIEFS: NYT CATCHES ON TO MIND-VASION
Both The New York Times and The New York Times Magazine have put out recent pieces on how invasive AI technologies are coming for the sanctuary of human minds and thoughts.
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GAZA DEATH TOLL
Israeli forces killed more than 69,000 Palestinians inside Gaza and another 170,000 have been wounded since the start of the genocide in October 2023.
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FOX IN THE HEN HOUSE? BESSENT OVERSEES THE IRS AND USED LOOPHOLE TO SAVE HUNDREDS OF THOUSANDS OF DOLLARS
Scott Bessent, the U.S. Treasury secretary, has a personal stake in rules put forth by the IRS, which raises new concerns about his influence over the agency, given that he is serving as the agency’s acting commissioner, The Wall Street Journal reported last week.
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SOME OF TRUMP’S KEY MOVES EARLY IN SECOND TERM RISKS ALIENATING HIS BASE
Judging by the posts you read on the White House’s X account, you would think President Donald Trump is on a “HISTORIC” winning streak, but the political reality is that many of his supporters see a leader who has strayed far from his America-First agenda.