The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to continued labor market strength, though financial markets turmoil is casting a shadow over the economy. Other data on Thursday also struck a fairly upbeat note on the economy, with homebuilding surging in February, potentially setting the stage […]
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The Russia-Ukraine war has been a hot topic in international politics for over seven years now. While many view the conflict as a geopolitical battle between two neighboring countries, others speculate that the war may have a deeper economic purpose. Let’s talk about the potential economic motivations behind the war, and how it has impacted […]
President Vladimir Putin on Thursday urged Russia’s billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia overcome what he said were Western attempts to destroy its economy. Putin also said Russia had so far defied those attempts, and that the Western firms that had decided to stay in […]
President Vladimir Putin on Thursday called on Russia’s billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia overcome what he said were Western attempts to destroy its economy. Putin said Russia had so far defied those Western attempts, and that Western firms that had decided to stay in […]
Chinese search engine giant Baidu on Thursday unveiled its much-anticipated artificial intelligence-powered chatbot known as Ernie Bot, giving the world a glimpse of what could be China’s strongest rival to U.S. research lab OpenAI’s ChatGPT. The popularity of ChatGPT, backed by Microsoft, has triggered a frenzied rush among Chinese tech giants and startups alike to […]
The U.S. Copyright Office issued new guidance on Wednesday to clarify when artistic works created with the help of artificial intelligence are copyright eligible. Building on a decision it issued last month rejecting copyrights for images created by the generative AI system Midjourney, the office said copyright protection depends on whether AI’s contributions are “the […]
Microsoft Corp-backed startup OpenAI began the rollout of GPT-4, a powerful artificial intelligence model that succeeds the technology behind the wildly popular ChatGPT. GPT-4 is “multimodal”, which means it can generate content from both image and text prompts. WHAT IS THE DIFFERENCE BETWEEN GPT-4 AND GPT-3.5? GPT-3.5 takes only text prompts, whereas the latest version […]
The creation and subsequent application of blockchain technology in several sectors have bridged various gaps. Despite the technology still being in its primitive phase, people seem to think it is a miracle solution to every human error and want to tailor a place for it to go in every department. One such department is supply […]
Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have tapped investment bank Piper Sandler Companies to relaunch the auction of failed lender Silicon Valley Bank, people familiar with the matter said on Wednesday. The development shows how the FDIC is preparing a concerted effort to sell Silicon Valley Bank (SVB) after regulators took it […]
The startup OpenAI on Tuesday said it is beginning to release a powerful artificial intelligence model known as GPT-4, setting the stage for human-like technology to proliferate and more competition between its backer Microsoft Corp and Alphabet Inc’s Google. OpenAI, which created the chatbot sensation ChatGPT, said in a blog post that its latest technology […]