Month: March 2023

Washington (AFP) – Elon Musk on Friday defended his controversial pay model for Twitter, claiming that any social media platform that didn’t follow suit would fail because they would be swarmed by bots. Musk made his prediction on the eve of Twitter’s April 1 ultimatum that verified accounts with the cherished blue tick that had not forked over cash would lose it. “The fundamental challenge here is that it’s (easy) to create literally 10,000 or 100,000 fake Twitter accounts using just one computer at home and with modern AI (artificial intelligence),” Musk told a question and answer session on… Read More “Musk defends paid Twitter as blue tick ultimatum looms”

Fans are in disbelief over what Ashton Kutcher and Mila Kunis plan to do with their Hollywood millions. After the That ’70s Show alums made it clear they would not be leaving any money to their children, Wyatt Isabelle and Dimitri Portwood, the public was gobsmacked by the fact that the offspring of two famous actors would have to pay their way through life instead of having things handed to them. “I’m not setting up a trust for them,” Kutcher said in a 2018 interview on Dax Shepherd’s “Armchair Expert” podcast. “We’ll end up giving our money away to charity and to various things. My kids are … Read More “Ashton Kutcher & Mila Kunis Bashed For Not Leaving Their Children An Inheritance: ‘The Only Rich Kids Missing Out On Nepo Money’”

By Darren Parkin On my final comment on Committee stage of the Financial Services and Markets Bill, now completed in the House of Lords, I want to focus on AI. Artificial Intelligence is already perhaps the most powerful element of financial services, not to mention our economy and society, its presence, power and, certainly, its potential. One thing to grasp fully – AI is here – not just a thought for the future. If you’re seeking out a financial product, mortgage or de-materialized instrument, AI is most likely in the mix. This may not feel newsworthy. You can’t move right now for chat about… Read More “AI in our financial services: Already Impacting”

Morning Markets June S&P 500 futures (ESM23) this morning are up +0.34% at a 3-1/2 week high, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.24% at a 7-1/4 month high. U.S. stock index futures this morning are moderately higher after U.S. inflation in Feb rose less than expected and consumer spending moderated. The U.S. Feb PCE core deflator, the Fed’s preferred inflation gauge, unexpectedly eased to 4.6% y/y, the slowest pace of increase in 16 months, and Feb personal spending rose less than expected. U.S. Feb personal spending rose +0.2% m/m, weaker than expectations of +0.3% m/m. Feb … Read More “Markets Today: Stock Indexes Rally as U.S. Price Pressures Moderate”

BEIJING (Reuters) – China’s cyberspace regulator will conduct a cybersecurity review of products sold in the country by U.S. memory chip manufacturer Micron Technology, the regulator said on Friday. The move is aimed at protecting the security of the supply chain for critical information infrastructure, prevent hidden risks and safeguard national security, the Cyberspace Administration of China said in a brief statement. It gave no other details, including which Micron products it was reviewing. Micron, one of the World’s largest memory chip makers, did not respond immediately to a request for… Read More “China to examine U.S. chipmaker Micron’s products for cybersecurity risks”

By Martin Coulter LONDON (Reuters) – Four artificial intelligence experts have expressed concern after their work was cited in an open letter – co-signed by Elon Musk – demanding an urgent pause in research. The letter, dated March 22 and with more than 1,800 signatures by Friday, called for a six-month circuit-breaker in the development of systems “more powerful” than Microsoft-backed OpenAI’s new GPT-4, which can hold human-like conversation, compose songs and summarise lengthy documents. Since GPT-4’s predecessor ChatGPT was released last year, rival companies have rushed to launch similar … Read More “AI experts disown Musk-backed campaign citing their research”

By Martin Coulter LONDON (Reuters) – Four artificial intelligence experts have expressed concern after their work was cited in an open letter – co-signed by Elon Musk – demanding an urgent pause in research. The letter, dated March 22 and with more than 1,800 signatures by Friday, called for a six-month circuit-breaker in the development of systems “more powerful” than Microsoft-backed OpenAI’s new GPT-4, which can hold human-like conversation, compose songs and summarise lengthy documents. Since GPT-4’s predecessor ChatGPT was released last year, rival companies have rushed to launch similar … Read More “AI experts disown Musk-backed campaign citing their research”