Some economists have argued that the tech sector—specifically the boom in AI spending—has been the single most important component in U.S. economic growth this year.
Tag: AI
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TECHNOCRACY BRIEFS: ALTEREGO ‘MIND-VASION’, AND NEW OPENAI COPYRIGHT PROBLEMS
A new “non-invasive” interface developed by MIT researchers can reportedly augment human minds with Artificial Intelligence and the World Wide Web.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The U.S. government shutdown has resulted in 4,000 federal workers losing their jobs. Many of the layoffs took place at the Treasury Department and the Department of Health and Human Services, where approximately 1,600 were laid off. The Department of Education laid off 460 employees including most of the staff at the Office of Special Education and Rehabilitative Services.
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BIOTECH MIRRORS AI ARMS RACE
Sen. Todd Young, R-Ind., chair of the U.S. National Security Commission on Emerging Biotechnology, this past week framed government biotech policies and investment as a crucial geopolitical matter in a competition with China.
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SPOTLIGHT: STOCK MARKETS RIDE HIGH ON AI
Chinese equity markets rose and fell in waves in recent months as Beijing announced, then failed to deliver, “bold” stimulus programs to revive the dormant domestic economy.
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LABOR MARKETS IN ADVANCED ECONOMIES ARE SEIZING UP
Employers in G7 countries, considered the world’s most advanced, hesitate to hire or to lay off workers as uncertainties over interest rates, taxes, tariffs, and artificial intelligence (AI) leaves them unable to plan, the Financial Times reported.
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OPENAI GETS ITS DESIRED $500-BILLION MARKET VALUATION
A private sale of shares has given OpenAI the $500-billion market valuation it set its sights on weeks ago. Until now, the company has been valued at $300 billion.
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DEEPSEEK REVEALS ANOTHER AI THAT’S CHEAPER TO OPERATE
Chinese research firm DeepSeek has released a new AI model that it says can be operated more cheaply than the large language models common in the West.
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WALMART AND ITS WORKFORCE BRACE FOR AN AI TRANSFORMATION
“Maybe there’s a job in the world that AI won’t change,” Walmart CEO Doug McMillon told a September workforce conference, “but I haven’t thought of it.”
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GET TO WORK, AI!
After an MIT study found that half of corporations that try AI abandon it and only 5 percent have seen AI’s contribution to the bottom line, two developers are touting research that highlights AI’s potential in the workplace.