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Sustained market declines following a recent global sell-off have raised concerns among Morningstar DBRS analysts. These analysts have warned that the lingering market downturn could potentially trigger a self-fulfilling prophecy, ultimately leading to a recession. While the immediate impact of the market declines may be limited, there is a growing fear that a continued sell-off
In a recent announcement, John Schulman, co-founder of OpenAI, revealed his decision to leave the Microsoft-backed company and join Anthropic, an artificial intelligence startup funded by Amazon. This move marks a significant shift in the landscape of AI alignment research, especially in light of recent developments at OpenAI. John Schulman’s departure from OpenAI comes less
In a recent development, five secretaries of state have reached out to Elon Musk, urging him to address the inaccuracies present in X’s artificial intelligence search assistant. The secretaries highlighted an incident where X’s AI chatbot Grok shared false information regarding the 2024 presidential election. The misinformation included inaccurate details about ballot deadlines in several
JPMorgan Chase has taken a bold step by expanding its branch network to reach more Americans in smaller cities and towns. This move comes as part of the firm’s multibillion-dollar branch expansion plan aimed at increasing accessibility to its services within an “accessible drive time” for half the population in the lower 48 states. This
Recently, Apple rolled out a preview of some of its Intelligence features, including artificial intelligence (AI) tools, with the iOS 18.1 Developer Beta 1 update. A user who had access to these features posted a demo showcasing the Writing Tools capabilities. The user claimed that the AI was able to proofread a lengthy 2,203-word document
The recent massive outage experienced by Delta Air Lines last month resulted in thousands of flight cancellations, causing CEO Ed Bastian to inform CNBC’s “Squawk Box” that the company incurred about $500 million in losses, including customer compensation. Despite the significant impact of the outage, Delta allegedly rejected onsite assistance from CrowdStrike, the cybersecurity company