Tag: Finance

5 things about AI you may have missed today: AI sparks fears in finance, AI-linked misinformation, more
14Jan By adminNo Comments
Technology

5 things about AI you may have missed today: AI sparks fears in finance, AI-linked misinformation, more

[ad_1] AI sparks fears in finance, business, and law; Chinese military trains AI to predict enemy actions on battlefield with ChatGPT-like models; OpenAI's GPT store faces challenge as users exploit platform for 'AI Girlfriends'; Anthropic study reveals alarming deceptive abilities in AI models- this and more in our daily roundup. Let us take a look.1. AI sparks fears in finance, business, and lawAI's growing influence triggers concerns in finance, business, and law. FINRA identifies AI as an "emerging risk," while the World Economic Forum's survey reveals AI-fueled misinformation as the primary near-term threat to the global economy. Financial Stability Oversight Council warns of potential "direct consumer harm," and SEC Chairman Gary Gensler highlights the peril to financial stability...
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Transforming emerging markets: How AI is empowering consumers in India
14Nov By adminNo Comments
Technology

Transforming emerging markets: How AI is empowering consumers in India

[ad_1] In recent years, Artificial Intelligence (AI) has emerged as a transformative force with the potential to revolutionize various industries across the globe. While its applications are numerous, one of the most promising and impactful areas is its ability to empower consumers in emerging markets. That's us.In countries like India, Bangladesh, and across the African continent, AI is opening doors to greater access, affordability, and convenience in essential services, thereby enhancing the quality of life for millions. It's time we learn how AI is helping us. Michael Puscar, an entrepreneur, venture capitalist, and a published data scientist, who has founded companies including Yuxi Pacific, GITP Ventures, Oiga Technologies and NPCx, says that the barriers to implement AI technolog...
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Nokia CEO says carriers face substantial 5G investment needs
21Jul By adminNo Comments
Technology

Nokia CEO says carriers face substantial 5G investment needs

[ad_1] The chief executive of Nokia Oyj signaled that a near-term decline in operator demand for 5G gear in a worsening economy will turn out to be a passing phenomenon given a “substantial need” to invest in those networks globally.Nokia on Thursday reiterated that challenges stemming from a deteriorating economic outlook and customers working through existing inventory intensified in the second quarter and are set to continue in the second half. It had made similar remarks last week when cutting its full-year guidance. “We are of the opinion that this has to be a question of timing because data traffic continues to grow 20 to 30% per year globally,” Chief Executive Officer Pekka Lundmark said in an interview. “In Mobile Networks there is still substantial need for operators to invest ...
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Elon Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says
11Jun By adminNo Comments
Technology

Elon Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says

[ad_1] Elon Musk's refusal to pay Twitter's rent contributed to the surge in commercial real estate loan delinquencies that Goldman Sachs Group Inc. faced in the first quarter, the Financial Times reported.Twitter stopped paying its rent in November and Musk, the world's richest man, told employees he doesn't intend to restart payments or cover those past due, the FT said, citing lawsuits. Columbia Property, which is suing Twitter over the missed payments, defaulted on the loan in February. The value of Goldman loans to commercial real estate borrowers behind on repayments climbed 612% in the first quarter to $840 million, the FT said, citing filings. That compares with a 30% increase to more than $12 billion for the entire US banking industry, the newspaper said. Columbia Property decl...
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