U.S. workers’ productivity in this year’s first quarter grew by a scant 0.3 percent, compared to 3.5 percent in the quarter before.
Category: 7 May 2024
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LABOR MARKET COOLS OFF IN APRIL
The U.S. economy added 175,000 jobs last month, compared to March’s 300,000 and analysts’ forecast of 241,000, notching the lowest monthly gain since last October.
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AI INVESTMENTS GET MIXED REVIEWS ON WALL STREET
Megatech companies have pledged to spend billions of dollars quarter after quarter to continue to develop and expand their lines of artificial intelligence (AI) products.
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BLOCKCHAIN BATTLES
More people than ever are making the connections between failed government and failed money.
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HANG TOGETHER OR HANG SEPARATELY STILL APPLIES
Now that Bitcoin has the Spt ETF approvals, and obvious growing TradFi participation and interest, bitcoin maximalists like Michael Saylor, Max Keiser and others have been celebrating and denigrating the rest of the sector, to one degree or another.
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AS FORECAST: MORE CONTENT PROVIDERS SUING OVER AI IP THEFT
A group of news organizations this past week announced a lawsuit against OpenAI and its partner Microsoft, widening a battle between the companies, and those who say they stole Intellectual Property (IP) without compensation to create their AI platform services.
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DESPERATE COMPANIES POACH EACH OTHERS’ AI ENGINEERS
Tech companies’ struggle to attract AI engineers is getting ugly. Twenty-somethings are seeing compensation packages worth $1 million or more annually dangled before their eyes, some industry insiders have said.
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AI WILL DO AWAY WITH MOST CALL CENTERS, INDIAN EXPERT FORECASTS
AI is taking on many of humans’ functions at call centers and could erase the need for most of their employees in as little as a year, according to Krithi Krithivasan, CEO of India’s Tata Consultancy Services.
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AI: THE NEXT GENE EDITOR?
The state of the art in gene editing is a process called CRISPR. It uses snippets from bacteria’s immune systems that are able to slice DNA.
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MICROSOFT STRIKES AI DEAL WITH INDONESIA
After a meeting between Microsoft CEO Satya Nadella and Indonesian president Joko Widodo, the company announced it will invest $1.7 billion in the country’s AI and cloud computing infrastructure over the next four years, including construction of a data center campus.