Business News
Workers in the tech industry have another concern to add to their list: ChatGPT. This chatbot, based on artificial intelligence, is making its way into workplaces and putting jobs at risk. Challenger, Gray & Christmas reported a 5% increase in tech job cuts this year, with layoffs on track to surpass 2001’s record. Not only …
Investing in generative AI can be overwhelming, especially if you’re not an expert. But the good news is, you don’t need to be an AI whiz to invest like one. With the increasing popularity of AI stocks, ChatGPT has emerged as a leading player in the field, making it a tempting investment opportunity. However, OpenAI, …
2023 AI Investment Guide: Buying ChatGPT Stock Made Easy Read More »
Mortgage Banker’s Association’s latest report shows that US banks are facing record losses on mortgages. In 2022, independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 per loan, down from an average profit of $2,339 in 2021. This is the first time on record that banks are experiencing a decline …
US Banks’ Historic Mortgage Losses Amid Housing Shock: Report Read More »
Amazon CEO Andy Jassy has confirmed that the company is investing heavily in large language models (LLMs) and generative AI in a letter to shareholders. Jassy believes this technology, which powers ChatGPT and other AI chatbots, will transform and improve every customer experience. Amazon has been working on its own LLMs for a while now, …
Businesses need to adopt AI to keep up, according to those who already use it to improve productivity. While fears abound that AI could replace human jobs, newer models like Chat GPT 4 have made significant strides in the past months to increase efficiency. Chat GPT 4 has already helped Vaughan Couillault, principal of Papatoetoe …
View AI as Opportunity, Not Threat: Businesses Urged Read More »
China has proposed draft guidelines for regulating generative AI in the country, requiring that it reflects socialist values, CNBC reports. The Cyberspace Administration of China released the proposed rules for public feedback. The draft guidelines prohibit generative AI from subverting state power, promoting terrorism, extremism, or ethnic hatred, and disseminating false information. The proposed rules …
China Pushes for Socialist Core Values in Homegrown AI Read More »
US annual inflation, as measured by the Consumer Price Index, dropped for the ninth consecutive month in March. Grocery prices also decreased on a monthly basis for the first time since September 2020. The Bureau of Labor Statistics reported a 5% rise in prices for the 12 months leading up to March, down from February’s …
The US Commerce Department is seeking public comment on how to create accountability measures for AI, taking the first steps towards establishing rules for AI tools. The department is asking for help to advise policymakers on how to approach the technology, which is gaining momentum with the rise of generative AI and chatbots. The head …
Establishing Rules for Artificial Intelligence: US Looks to Move Fast Read More »
The UK’s economy is predicted to be among the worst performing among the G20 nations this year, according to the International Monetary Fund (IMF). The IMF’s latest forecast suggests that the UK’s economic performance in 2023 will be the weakest of the world’s 20 largest economies. Although it is a small upgrade from its previous …
IMF predicts UK as one of the worst performing economies this year Read More »
The CEO of OpenAI, Sam Altman, visited Japan on Monday to discuss ChatGPT’s potential for improving people’s lives in ways they may not have imagined. In an exclusive interview with NHK, Altman expressed his interest in opening a new business base in Japan, highlighting the country’s strong democratic foundations and importance in the field of …
