OpenAI and Google Focus Chatbots on Speed as AI Hype Fades – Bloomberg
When OpenAI launched its ChatGPT chatbot in 2022, it looked as if a new generation of artificial intelligence tools was about to transform every corner...
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Amazon’s international unit on track to swing into annual profit – The Financial Times
Amazon’s international arm is on track to swing to an annual profit as moves to streamline the retailer’s logistics operations bear fruit after years of...
Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold – Wolf Street
The US dollar is still by far the most dominant global reserve currency, among many reserve currencies held by central banks, but its share has...
Millennials are ‘very ill-prepared’ to be the richest generation in history, wealth manager says – CNBC
Millennials are poised to be the wealthiest generation in history, but are they ready to handle the large inflow of money? A vast $90 trillion...
World Bank Launches Program to Boost Guarantees to $20 Billion – Bloomberg
The World Bank launched a new program that aims to triple guarantees to $20 billion by the end of the decade, as it seeks to...
A new lab and a new paper reignite an old AI debate – The Economist
After sam altman was sacked from Openai in November of 2023, a meme went viral among artificial-intelligence (ai) types on social media. “What did Ilya...
ECB May Cut Twice More This Year Barring Surprises, Simkus Says – Bloomberg
Assumptions that the European Central Bank will lower borrowing costs twice more in 2024 may prove correct if the economy develops as officials predict, according to Governing...
Even a Slowly Cooling Labor Market Often Ends With a Recession – WSJ
The pandemic left the U.S. labor market badly overheated. Reopening businesses panicked at labor shortages, paying big raises to hire. As prices shot higher, fears...
Boom times are back for container shipping – The Economist
Volatile weather is a peril of the high seas. Volatile markets are similarly treacherous for the container-ship industry, which carries 80% of the volume of...
The AI we could have had – The Financial Times
At around 3pm on October 24 1968, a sharply dressed executive from the computer manufacturer Control Data Corporation took the stage in the auditorium of...