“Facebook’s parent company, Meta, held an event in San Francisco this week celebrating the 10-year anniversary of its Fundamental AI Research team. Meta’s chief scientist, Yann LeCun, revealed that society is more likely to witness “cat-level” or “dog-level” AI in the coming years than human-level AI. Unlike tech giants such as Google and Microsoft, Meta …
Former U.S. President Donald Trump’s ex-chief economic advisor, Gary Cohn, predicts that the Fed will not cut interest rates until the second half of 2024. Cohn emphasized that the U.S. economy is “back to normal,” but people have forgotten what normal feels like, based on 100-year average data. Gary Cohn, vice chairman of International Business …
Elon Musk’s X Corp., previously known as Twitter, filed a lawsuit accusing Media Matters for America of intentionally attempting to drive away advertisers from the social media platform. The lawsuit claims that Media Matters maliciously reported that ads for Apple Inc., International Business Machines Corp., and Oracle Corp. were running alongside pro-Nazi content. The report …
Jonathan Raa | Nurphoto | Getty Images Elon Musk railed against major advertisers and Media Matters, a media watchdog group, on Friday following the decision of several top brands to temporarily pause their ad spending on X, a social media platform where Musk serves as CTO. In a late Friday night tweet, Musk announced his …
Traders work on the floor of the New York Stock Exchange (NYSE), July 26, 2023. Brendan McDermid | Reuters Stocks rose on Tuesday as investors eagerly awaited a fresh batch of earnings reports and closely monitored the latest movements in Treasury yields. The Dow Jones Industrial Average gained 204 points, or 0.6%. The S&P 500 …
Target CEO Brian Cornell. Scott Mlyn | CNBC Target CEO Brian Cornell held a meeting with President Joe Biden on Thursday to discuss U.S. consumers and the economic landscape. Cornell was joined by other industry leaders including Brendan Bechtel, CEO of Bechtel Group; Calvin Butler, CEO of Exelon; Kenneth Chenault, chair and managing director of …
Tech industry titans, including Elon Musk and Palantir co-founder and CEO Alex Karp, gathered at the U.S. Capitol for a bipartisan Artificial Intelligence (AI) Insight Forum hosted by Senate Majority Leader Chuck Schumer. The purpose of the meeting was to discuss AI regulation and establish guidelines for the powerful technology. Musk described the meeting as …
The Hugging Face website on a smartphone arranged in New York, Aug. 17, 2023. Gabby Jones | Bloomberg | Getty Images Hugging Face, an AI company based in New York, has secured $235 million in funding at a valuation of $4.5 billion, with support from some of the biggest names in the technology industry. Companies …
IBM Chairman and CEO Arvind Krishna participated in a panel session at the World Economic Forum in Davos, Switzerland on January 17, 2023. Image: Stefan Wermuth | Bloomberg | Getty Images IBM announced on Tuesday that it is divesting its weather unit, which includes The Weather Channel mobile app and websites, Weather.com, Weather Underground, and …
White-collar jobs will be among the first to be impacted by artificial intelligence, according to IBM chairman and CEO Arvind Krishna. In an exclusive interview with CNBC, Krishna stated that generative AI and large language models have the potential to enhance productivity in every enterprise process. Krishna believes that back office, white-collar work will be …