Two senior Federal Reserve officials indicated Wednesday that they may support skipping an interest-rate hike in June to give the Fed more time to assess the health of the US economy.. - 'Skip' don't 'pause' - While there has been broad agreement over previous rate hikes, Fed officials are now publicly divided on the best path forward at the next FOMC meeting on June 13-14.
The European Union and the United States said Wednesday that they would soon release a voluntary code of conduct on artificial intelligence, hoping to develop common standards among democracies as China makes rapid gains.. After talks with EU officials in Sweden, US Secretary of State Antony Blinken told reporters that Western partners felt the "fierce urgency" to act and would ask "like-minded countries" to join the voluntary code of conduct.
Nvidia, a chip technology company, became a trillion dollar enterprise this week and the world’s newest tech giant.. Based in California, Nvidia doesn't actually make its own chips, but rather designs them and then outsources the manufacturing to other companies, most notably Taiwan Semiconductor Manufacturing Company.
The price of petrol in Nigeria tripled at government-run stations on Wednesday, two days after newly-elected President Bola Tinubu announced he would scrap fuel subsidies in his first move after taking office.. But prices at government-owned gas stations surged on Wednesday from about 190 to 540 naira ($0.4 to $1.2) per litre, suggesting that the subsidies had already scrapped.
Family members of victims who died in a Boeing 737 MAX crash can seek compensation for the emotional distress their loved ones experienced before the fatal incident, according to a US ruling.. He ruled that surviving family members can seek damages for their emotional pain, due to the particular distress their loved ones experienced in their final moments.
The European Union and United States said Wednesday they expect to draft a voluntary code of conduct on artificial intelligence "within weeks" with the hope that fellow democracies will sign on.. European Commission Vice President Margrethe Vestager added that a draft would be put forward "within weeks."
Falling inflation in top eurozone economies is "positive" news, a senior European Central Bank official said Wednesday, while warning that the battle against high prices was not over yet.. "However, it will not (yet) stop the European Central Bank from hiking rates again," he said, predicting a rate increase of 25 basis points.
Falling inflation in top eurozone economies is "positive" news, a senior European Central Bank official said Wednesday, while warning that the battle against high prices was not over yet.. "However, it will not (yet) stop the European Central Bank from hiking rates again," he said, predicting a rate increase of 25 basis points.
India's GDP grew by 7.2 percent in the year to March, official figures showed Wednesday, boosted by services and consumption, putting it among the world's fastest-expanding major economies.. India's benchmark Sensex index closed down 0.55 percent in trading in Mumbai on Wednesday ahead of the GDP data release. grk/slb/axn
Data-driven algorithms supercharged the advertising industry by enabling precisely targeted campaigns, but new AI tools may be about to shake the sector once again. . And as AI tools get more widespread, he said, the people whose images provide the training data will be able to claim fees that will eventually "cost as much as using a model".
