The U.S. government is currently in the process of considering laws to assist society in adjusting to the rise of artificial intelligence. Early adopters of this technology are already witnessing boosts in labor productivity. For instance, Klarna, a financial services provider that offers the ‘buy now, pay later’ option, anticipates that its AI assistant tool
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Recently, Google made a significant announcement regarding its response to the California Journalism Preservation Act. This bill, if passed, would require online ad companies to pay a fee for connecting state residents to news sources. In a blog post, Google’s vice president of global news partnership, Jaffer Zaidi, expressed strong opposition to the bill. He
Amazon CEO Andy Jassy recently expressed his disappointment with regulators who have been blocking mergers, specifically mentioning the failed acquisition of robotic vacuum maker iRobot. Jassy believed that this acquisition would have given iRobot a competitive edge against its rivals, but antitrust concerns led to the deal falling apart. The aftermath of the failed acquisition
In a recent internal memo to Alibaba employees, founder Jack Ma expressed his approval of the company’s reorganization efforts over the past year. This comes after a turbulent period for the Chinese technology giant, which saw significant changes in management and operations. Ma highlighted the challenges faced by Alibaba, both internally and externally, and commended
General Motors’ Cruise self-driving vehicle unit has announced a significant step in its journey towards redemption. After a hiatus since October, the company is redeploying cars on U.S. roadways, starting with a small fleet of human-driven vehicles in Phoenix. This move comes in the wake of an unfortunate accident in San Francisco, which led to
Tesla has recently settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two. The tragic incident occurred when Huang’s Model X SUV, equipped with Autopilot features, crashed into a highway barrier near Mountain View, California, in 2018. The National Transportation Safety Board (NTSB) investigated the fatal
The CEO of Ripple, Brad Garlinghouse, is optimistic about the future of the cryptocurrency market. He predicts that the combined market capitalization of cryptocurrencies will exceed $5 trillion by the end of this year. This would represent a significant increase from the current market capitalization of around $2.6 trillion. Garlinghouse attributes this growth to several
The concept of a car losing its value as soon as it is driven off the lot is nothing new, but when it comes to electric vehicles (EVs), this depreciation trend is taking on a whole new dimension. Industry and investment experts are pointing to the rapid decline in the value of used EVs as
SK Hynix, a prominent memory chip manufacturer, recently announced a significant investment of $3.87 billion in building its first chip packaging facility in the United States. This move underscores the company’s commitment to strengthening the semiconductor industry in the U.S. and aligns with the Biden administration’s initiative to enhance domestic chip production. The establishment of
Uber Eats is revolutionizing the food delivery industry once again by introducing Waymo self-driving cars to deliver orders in the Phoenix metropolitan area. This new partnership between Uber and Waymo marks a significant milestone in the world of autonomous deliveries, expanding the reach of technology-driven solutions for consumers. The collaboration between Uber and Waymo goes