Russia has relied on its oil exports to prop up its consumer economy and fund its war in Ukraine.
Category: 26 March 2024
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BANK OF JAPAN RAISES INTEREST RATE FOR FIRST TIME IN 17 YEARS
On 19 March, the Bank of Japan (BoJ) became the last central bank to lift its interest rates out of negative numbers. The key rate had been at -0.1 percent since January 2016.
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IRS NEEDS TO BOOST WORKFORCE TO 100,000 TO KEEP GETTING MORE TAXPAYER’S MONEY
By 2027, the U.S. Internal Revenue Service will need to add another 10,000 workers to its current 90,000 to reach its goals in modernizing systems, providing higher-quality services to taxpayers, and spotting and pursuing tax cheats and dodgers, IRS commissioner Danny Werfel told an 18 March press briefing.
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THE LANGUAGE OF FORCE: HOW THE POLICE STATE MUZZLES OUR RIGHT TO SPEAK TRUTH TO POWER
Tyrants don’t like people who speak truth to power. Cue the rise of protest laws, which take the government’s intolerance for free speech to a whole new level and send the resounding message that resistance is futile.
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U.S. CONSUMERS CONTINUE TO SLOW THEIR SPENDING
Inflated prices, emptied savings accounts, and high credit card debt seem to be continuing to persuade U.S. shoppers to curb their free-spending ways.
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THIS WEEK IN SURVEILLANCE
The AI Act that was supposed to protect humans while advancing AI technology among European countries?
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THERE’S A NEW CHIP ON THE BLOCK
Nvidia has unveiled its new Blackwell family of graphic processors, the hardware essential to training AIs.
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CAN AI BE MORE CREATIVE THAN PEOPLE?
Researchers at the University of Arkansas tested ChatGPT-4 against 151 students to see which did better at divergent thinking, a standard measure of creative ability.
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APPLE, GOOGLE MAY TEAM UP ON AI
Apple is talking with Google about putting the latter’s Gemini AI into iPhones, people familiar told Business Insider. The combination could happen sometime this year.
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ANOTHER WAY TO PUT BLUE-COLLAR AI TO WORK
Covariant, a start-up created by three ex-OpenAI staffers, is creating an AI that will enable robots to pick up and sort items as they move around distribution centers.