World’s first major act to regulate AI passed by European lawmakers
The European Union’s parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.
The US economy expanded 4.9% in the third quarter, slightly weaker than previously estimated
US economic growth was slightly lower in the third quarter than previously reported, but still robust, underscoring the sheer strength of America’s economy during the summer.
Gross domestic product, the broadest measure of economic output, expanded at an annualized 4.9% rate from July through September, the Commerce Department reported Thursday. That’s a slower pace of growth than the 5.2% reported in ... moreThe US economy expanded 4.9% in the third quarter, slightly weaker than previously estimated
US economic growth was slightly lower in the third quarter than previously reported, but still robust, underscoring the sheer strength of America’s economy during the summer.
Gross domestic product, the broadest measure of economic output, expanded at an annualized 4.9% rate from July through September, the Commerce Department reported Thursday. That’s a slower pace of growth than the 5.2% reported in the second estimate.
Silicon Valley Boardroom Coup Leads to Ouster of an AI Champion
OpenAI, the pioneer of widely used tools that generate specialized digital content from simple prompts, ousted its co-founder and Chief Executive Officer Sam Altman and lost another senior executive after a series of escalating disagreements over fundamental questions at the heart of artificial intelligence: How to keep the technology safe while also making money from it.
OpenAI, the pioneer of widely used tools that generate specialized digital content from simple prompts, ousted its co-founder and Chief Executive Officer Sam Altman and lost another senior executive after a series of escalating disagreements over fundamental questions at the heart of artificial intelligence: How to keep the technology safe while also making money from it.
Amazon launches first internet satellite prototypes
Amazon’s first pair of prototypes for its Project Kuiper satellite internet system launched on Friday.
“We’ve done extensive testing here in our lab and have a high degree of confidence in our satellite design, but there’s no substitute for on-orbit testing,” a Project Kuiper executive said.
Project Kuiper is Amazon’s plan to build a network of 3,236 satellites in low Earth orbit, to provide high-speed internet access anywhere in the world.
... moreAmazon launches first internet satellite prototypes
Amazon’s first pair of prototypes for its Project Kuiper satellite internet system launched on Friday.
“We’ve done extensive testing here in our lab and have a high degree of confidence in our satellite design, but there’s no substitute for on-orbit testing,” a Project Kuiper executive said.
Project Kuiper is Amazon’s plan to build a network of 3,236 satellites in low Earth orbit, to provide high-speed internet access anywhere in the world.
Fears over access to credit hit highest level in more than a decade, New York Fed survey shows
Respondents indicating that the ability to get credit is harder now than it was a year ago rose to nearly 60%, the New York Fed’s Survey of Consumer Expectations for August showed.
The survey showed that the mean expectation of losing one’s job in the next year rose by 2 percentage points to 13.8%, the highest since April 2021.
Respondents indicating that the ability to get credit is harder now than it was a year ago rose to nearly 60%, the New York Fed’s Survey of Consumer Expectations for August showed.
The survey showed that the mean expectation of losing one’s job in the next year rose by 2 percentage points to 13.8%, the highest since April 2021.
Opening an account with a fintech (financial technology) company instead of a traditional bank can offer several advantages. Here are some common advantages associated with fintech accounts:
Ease of Use: Fintech companies often provide user-friendly digital platforms and mobile apps, making it convenient to access and manage your account anytime, anywhere. The account setup process is typically streamlined, with quick onboarding and fewer paperwork requirements compared to traditional banks.
L... moreOpening an account with a fintech (financial technology) company instead of a traditional bank can offer several advantages. Here are some common advantages associated with fintech accounts:
Ease of Use: Fintech companies often provide user-friendly digital platforms and mobile apps, making it convenient to access and manage your account anytime, anywhere. The account setup process is typically streamlined, with quick onboarding and fewer paperwork requirements compared to traditional banks.
Lower Fees: Fintech companies may offer lower fees compared to traditional banks. They often have leaner operational structures and fewer overhead costs, allowing them to pass on the savings to their customers. This can result in lower or even no monthly maintenance fees, transaction fees, or minimum balance requirements.
Innovative Features: Fintech companies are known for their innovation and agility. They may offer unique features and services that traditional banks may not provide or are slower to adopt. This can include personalized budgeting tools, real-time spending insights, automated savings features, and integration with other digital services.
Enhanced User Experience: Fintech companies prioritize user experience and often leverage technology to provide seamless and intuitive interfaces. They may offer advanced digital tools, such as AI-driven chatbots or customer support, intuitive transaction categorization, and personalized financial recommendations.
Accessibility and Flexibility: Fintech accounts are generally accessible to a wider range of individuals, including those who may have been underserved by traditional banking services. Fintech companies often have fewer stringent requirements for account opening, making them more accessible to individuals with limited banking history or those seeking alternative financial solutions.
Technological Security: Fintech companies typically employ advanced security measures and encryption protocols to safeguard customer data and transactions. They prioritize data privacy and employ sophisticated technologies to protect against fraud and unauthorized access.
It’s important to note that the advantages of fintech accounts may vary among different providers, and there are also factors to consider when choosing any financial service, such as regulatory protections, customer support, and the specific needs and preferences of the individual.