Author: IA PressRoom

The United Kingdom should prohibit technology developers from working on advanced artificial intelligence tools unless they have a license to do so, according to the British Labour Party.Lucy Powell, a spokesperson for Britain’s main left-wing political party, told the Guardian this week that much stricter rules should be imposed on companies regarding the training of their AI products on large datasets similar to those used by OpenAI to build ChatGPT.”My real point of concern is the lack of any regulation of the large language models that can then be applied across a range of AI tools, whether that’s governing how…

TOKYO — Japan’s economy expanded at a faster pace than initially estimated in the January-March quarter thanks to stronger spending by companies, revised government data showed Thursday. The world’s third-largest economy after the U.S. and China grew 2.7% on an annualized basis in the first quarter, compared with the 1.6% expansion recorded in the preliminary estimate released in May. The revised figures showed that capital expenditures rose 1.4% from the previous quarter, higher than the 0.9% increase estimated in the preliminary data.

It may be a while before big tech companies can monetize generative AI.  Adoption of AI tools like chatbots ChatGPT and Google Bard remains surprisingly low.   Commercial use cases are emerging around e-commerce and travel.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Some days, it feels like the whole world is using ChatGPT. The reality is less impressive, according to a new survey by Morgan Stanley. The brokerage firm conducted a 2,000-person study in April focused on AI adoption and found that only 19%…

French billionaire Xavier Niel is calling for the board of Swiss asset manager GAM to be replaced following its deal to be acquired by Liontrust.Niel is part of a group of investors with a 9 per cent stake in GAM who are requesting an extraordinary meeting of shareholders to elect a new board with a plan to turnround the business.The investors are proposing a number of industry veterans who could replace the existing board, including Fabien Pictet, part of the Swiss private banking dynasty.Pictet is a former managing partner of asset manager Fabien Pictet and Partners, which he founded in…

© Reuters. FILE PHOTO: Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – weakened 0.8% to a record low on Thursday, extending losses after a heavy selloff in the previous session that was seen as a sign of the authorities easing controls on the foreign exchange market. The currency later recouped some of its losses, standing at 23.33 against the dollar by 0542 GMT, after touching a record low of 23.39 overnight during illiquid trading hours. On Wednesday, the lira had plunged 7.2%, recording the biggest…

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 7, 2023. REUTERS/Staff By Shreyashi Sanyal (Reuters) -European shares dipped on Thursday as rate-sensitive technology shares slipped on expectations of further interest rate hikes by major central banks, although gains in banks helped limit losses. The pan-European index edged 0.1% lower, with the technology sector down 1.2%. European bank shares rose 0.6%. Fears that the U.S. Federal Reserve could opt for a hawkish stance in its meeting next week and expectations that the European Central Bank will continue to…

© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday, but remained near its recent two-month high with traders anticipating next week’s U.S. Federal Reserve’s policy-setting meeting. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.002, just below the 2-month peak of 104.70 seen last week. One more hike by the Fed? The is widely expected to pause its year-long interest rate hiking cycle next week, and expectations are growing that this could be a temporary position and another rate increase is…

CNN  —  The Justice Department recently informed Donald Trump’s legal team that he is a target in a federal investigation into the possible mishandling of classified documents, sources familiar with the matter told CNN, a sign that prosecutors may be moving closer to indicting the former president. The sources have been informed of the target letter and its contents but had not seen it themselves. Prosecutors’ decision to inform Trump he’s a target crystallizes that special counsel Jack Smith’s investigation is focused on Trump’s actions and not just the actions of people around him. Trump’s legal team met with DOJ…

The projected operating income of about $5 to $7 million, up from previous range of $2 and $4 million.The revised forecast takes into account higher sales following a period of channel inventory adjustments, significant product release activity thus far in 2023, robust orders, and feedback from the recent COMPUTEX Taipei trade event.

An LA apartment that sits over a bridge — or under, depending on where it’s viewed from — is for sale for $245,950. The one-bedroom home, which was constructed in 1949, has been used as storage for the past 18 years. Douglas Lee, the listing agent, told Insider that he’s already received offers for the rundown property. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Los Angeles: The city of dreams, where $245,950 gets you an old one-bedroom apartment that sits over a bridge.…