White House Unveils Initiatives To Reduce Risks of AI

The White House on Thursday announced its first new initiatives aimed at taming the risks of artificial intelligence since a boom in A.I.-powered chatbots has prompted growing calls to regulate the technology. From a report: The National Science Foundation plans ...

AI ‘Will Cause Real Damage,’ Microsoft Chief Economist Warns

Artificial intelligence will be dangerous in the hands of unscrupulous people, according to Microsoft Chief Economist Michael Schwarz. From a report: “I am confident AI will be used by bad actors, and yes it will cause real damage,” Schwarz said ...

JPMorgan Snaps Up First Republic’s Assets in US Auction

JPMorgan said on Monday it will buy most of First Republic Bank’s assets after regulators seized the troubled lender at the weekend, marking the third failure of a major U.S. bank in two months. From a report: Under the deal, ...

Dropbox Lays Off 500 Employees, CEO Says Due To Slowing Growth and ‘the Era of AI’

Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs. From a report: The company today announced that it would be laying off 16% of its staff, equivalent to about 500 employees, due to slowing growth, and ...

Major Retail Players Are Walking Back Their Metaverse Strategies

For some of the largest retail companies and brands, the metaverse is losing its luster. From a report: Walmart has reportedly shut down its Universe of Play metaverse experience on Roblox just six months after its launch, according to consumer ...