The Bank for International Settlements issued a warning on Sunday, citing the possibility of turmoil in the world financial markets due to high levels of
Category: WORLD NEWS
Treasury secretary’s warning that AI in finance could lower transaction costs with significant risks rattles executives.
Executives claim that the emergence of AI-based systems presents significant prospects for financial services companies. However, because asset managers handle sensitive data, they are subject
Massachusetts deal: Uber and Lyft agree to pay drivers $32.50 per hour with massive benefits.
In a settlement that includes several benefits and protections, Massachusetts Attorney General Andrea Campbell said on Thursday that will set a minimum pay threshold of
Rivian shares jump 40% with a $5b funding commitment by Volkswagen in a JV software deal.
Volkswagen promised to spend $1 billion in the struggling electric vehicle firm immediately and up to $5 billion in total as part of a software
Microsoft still violates antitrust laws after offering software packages without Teams to EU customers.
By linking its popular corporate software, Teams, to Microsoft’s messaging and videoconferencing app, the bloc claimed that Microsoft had engaged in antitrust violations with the
EU takes a first shot to unravel Apple’s App Store using new digital competition laws.
Under the new digital competition regulations of the European Union, European regulators charged Apple on Monday for allegedly obstructing app developers from directing customers to
Car dealerships in the US and Canada face major disruptions as software suppliers suffer cyberattacks.
Major interruptions have been occurring this week at car dealerships around North America. On Wednesday, there were two cyberattacks that targeted CDK Global, a firm
Singapore’s banking sector poses the highest money laundering risk. – Report.
The government of Singapore stated in money laundering risk assessment report released on Thursday that the city-state’s banking industry, particularly wealth management, presents the greatest
AI race intensifies with “safe superintelligence” by OpenAI founder Sutskever.
One of OpenAI’s founders, Ilya Sutskever, who attempted unsuccessfully to remove CEO Sam Altman, said that he is launching a safety-focused artificial intelligence startup. Reputable
Nvidia dethrones tech heavyweight Microsoft as the world’s most valuable company.
With its high-end processors playing a key part in a race to dominate artificial intelligence technology, Nvidia overtook computer giant Microsoft to become the most
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