Tech News

Lacking health workers, Germany taps robots for elder care

The white-coloured humanoid "Garmi" does not look much different from a typical robot -- it stands on a platform with wheels and is equipped with a black screen on which two blue circles acting as eyes are attached.. - 'We must get there' - In the Garmisch laboratory, Steinebach sat down at a table equipped with three screens and a joystick as he got ready to test the robot's progress.

How AI 'revolution' is shaking up journalism

Journalists had fun last year asking the shiny new AI chatbot ChatGPT to write their columns, most concluding that the bot was not good enough to take their jobs.. The technology news site CNET perhaps heralded the way forward when it quietly deployed an AI program last year to write some of its listicles.

US Fed to balance banking woes, inflation in next rate decision

US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.. Turmoil in the banking sector is not over either, with many regional banks seeing their stocks plunge again at the end of the week despite intervention by US regulators and some of Wall Street's biggest banks.

How AI could upend the world even more than electricity or the internet

The rise of artificial general intelligence -- now seen as inevitable in Silicon Valley -- will bring change that is "orders of magnitude" greater than anything the world has yet seen, observers say.. This is the first time we're able to create intelligence itself and increase its amount in the universe," he told AFP. Change, as a result, will be "orders of magnitude greater than every other technological change we've ever had in history."

UBS and Credit Suisse: similar Swiss banks with differing fortunes

UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar.. Investment banking represents 25.2 percent of UBS's turnover, compared to nearly 20.6 percent at Credit Suisse, with the pair running many similar activities such as mergers and acquisitions advice.

Latin finance ministers meet in Panama under shadow of US bank crisis

Top financial officials from Latin American and Caribbean countries are meeting Saturday in an annual conclave of the Inter-American Development Bank (IDB), after a week overshadowed by the banking crisis in the United States and Europe. . But after US banks suffered their worst week since the 2008 financial crisis, concern has grown across Latin America and the Caribbean that the turmoil could spread. 

Crunch weekend for crisis-hit Credit Suisse

Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.. US asset management giant BlackRock was also reported to be eyeing a move for the troubled bank, but the New York-based company strongly denied this to AFP. "BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so," a spokesperson told AFP. After a turbulent week on the stock market which forced the SNB to step in with a $53.7 billion lifeline, Credit Suisse was worth just over $8.7 billion on Friday evening. 

Crunch weekend for crisis-hit Credit Suisse

Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.. After a turbulent week on the stock market which forced the SNB to step in with a $53.7 billion lifeline, Credit Suisse was worth just over $8.7 billion on Friday evening. 

Censorship or evolution? 'Sensitivity readers' divide publishing world

It's a profession which is increasingly under the spotlight as the culture wars rumble on: "sensitivity readers" -- editors who identify insensitivities or stereotypes in manuscripts -- are becoming a lightning rod for the publishing industry.. Mostly they are freelance editors, often paid by the word or number of pages -- and with strict confidentiality clauses, of course -- by authors or publishers concerned about the accuracy of their manuscripts.