In this year’s second quarter, U.S. workers got an actual raise... so says the U.S. government.
Author: admin (Kendrick Williams)
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U.S. ECONOMY GROWS FASTER THAN EXPECTED IN SECOND QUARTER
U.S. GDP expanded by a respectable 2.4 percent in this year’s second quarter, the commerce department reported.
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CONSENSUS BUILDS AROUND “SOFT LANDING,” END TO FED’S RATE HIKES
Analysts and investors are coalescing around the view that the U.S. Federal Reserve has tamed inflation without knocking the U.S. economy into a recession—creating a “soft landing”—and will end its series of interest rate increases, perhaps as soon as next month.
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GAMBLERS STEER CLEAR OF CONSUMER STOCKS
Equity investors are diverting money from consumer stocks that are likely to fare badly in a recession, indicating that market players are not fully convinced an economic downturn has been avoided.
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BLOCKCHAIN BATTLES
Blame it on the Bahamas.
Sam Bankman-Fried, founder and CEO of the FTX crypto exchange, won’t be prosecuted for a campaign finance violation, as part of a case involving embezzlement and fraud involving the company.
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HOUSE COMMITTEE PASSES TWO SIGNIFICANT CRYPTO BILLS
The House Financial Services Committee marked a historic first this past week, approving several crypto focused bills that will now be considered by the full House.
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COMPETITION OR COMPLEMENTARY? SURPRISING DATA SURROUNDING CRYPTO EXCHANGES
Large Crypto exchanges are serving to complement, and not just compete with smaller crypto exchanges in ways that have proven mutually beneficial.
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GOOGLE USES AI TO GIVE ROBOTS THEIR OWN “BRAINS”
In a recent demonstration, a Google engineer showed a visually-equipped robotic arm three figurines on a table: a dinosaur, a lion, and a whale. The engineer told the arm to “pick up the extinct animal.” The arm reached across and plucked up the dinosaur, even though the robot had not been programmed to know what a dinosaur is.
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USING AI TO TRAIN AI
ChatGPT, Google’s Bard, and other “generative” AIs have been trained by filling them with the contents of the Internet—poems, legal analyses, scientific papers, travel guides, and any other items the trainers can find.
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AI ROILS THE VIDEO GAME INDUSTRY
Video game producers are among AI’s most eager adopters, with employees paying the price.
In the $200-billion-a-year industry, costs have risen faster than revenues and players are always demanding something new and more exciting. Recent best-sellers “The Last of Us Part II” and “Horizon Forbidden West” cost Sony Group Corp. more than $200 million each and took hundreds of workers several years to produce.