The Latest Breaking News from Artificial Intelligence

Fed expected to keep rates unchanged for now despite high prices

Federal Reserve policymakers are growing impatient with inflation , which has remained above their 2% target for over five years, though they are widely expected to keep benchmark interest rates unchanged at their meeting on Wednesday. While an immediate rate hike is unlikely, there is a strong consensus among Wall…

The Independent UK · Jul 29

Mark Zuckerberg Says The U.S. Should Accelerate, Not Pace, AI Development, Warning More Restrictions Could Put China Ahead.

Meta CEO Mark Zuckerberg is urging the United States to move faster on artificial intelligence rather than slowing the technology with new regulations.

International Business Times · Jul 29

Six in ten Indian companies believe AI to play a significant role: PWC

Indian manufacturers anticipate artificial intelligence significantly aiding strategic goals within five years. This optimism surpasses global counterparts regarding productivity and long-term growth potential. Automation adoption is led by data capture and analytics, followed by quality assurance. However, India lags in developing homegrown manufacturing capabilities and faces an MSME technology gap.…

The Economic Times · Jul 29

Global Market: China stocks slip as AI-linked selloff deepens; Hong Kong gains on internet shares

Chinese stocks fell Wednesday as artificial intelligence shares faced selling pressure. Hong Kong shares outperformed, driven by strong gains in internet platform companies. Investors shifted funds away from technology hardware into traditional sectors like real estate. New United States trade restrictions targeting Chinese robots also weighed on sentiment. This rotation…

The Economic Times · Jul 29

Coursera backs cofounder Andrew Ng's new AI education firm with $100 million investment

Coursera cofounder Andrew Ng said he founded LearnVector because he thinks the popular belief that artificial intelligence will replace workers is misguided and white-collar workers simply need to learn new skills that keep them ‌essential as AI ⁠automates more ⁠tasks.

The Economic Times · Jul 29

Global Market | AI boom could complicate central banks’ inflation assessment, monetary policy decisions: BIS

Artificial intelligence complicates economic assessments for central banks globally. The technology simultaneously boosts demand and expands future supply potential. Policymakers face an unusually complex environment as AI impacts investment and trade. Distinguishing AI-driven growth from overheating economies presents a key challenge. Monetary policy misjudgements risk increasing as economies adjust to…

The Economic Times · Jul 29

A fake ‘jelly diet’ has fooled at least one celebrity. You could be next

Paris Hilton’s mother Kathy recently tried the “Jell-O diet” to lose weight. She believed other celebrities – Oprah Winfrey, Doctor Oz, Michelle Obama and Kelly Clarkson – had endorsed it. But the diet was fake and so were the endorsements. Both had been generated by artificial intelligence (AI).

The Conversation · Jul 29

AI is fuelling new wave of identity fraud

AI-driven identity fraud is emerging as a growing cyberthreat as attackers increasingly exploit synthetic identities, deepfakes and autonomous artificial intelligence agents to target digital systems, according to Ping Identity.

Bangkok Post · Jul 28

Payments Giant Visa Cuts 2,600 Jobs as CEO Accelerates AI Push and Global Expansion

Visa plans to cut 2,600 jobs globally as it restructures to focus on AI and high-growth areas, including geographic expansion, amid a challenging digital payments landscape.

International Business Times UK · Jul 28

Meta Pledged 100% Renewable Energy in 2016: 10 Years Later, It's Ditching the Plan

The artificial intelligence boom is forcing Big Tech to rethink its clean-energy commitments. Meta Platforms (NASDAQ:META) is the latest example.

Benzinga · Jul 28