At a hearing on AI oversight earlier this week, OpenAI CEO Sam Altman was welcomed with a warm tone by lawmakers, who even asked him if he would be qualified to administer rules regulating the industry. However, this welcome has raised concerns among some AI experts who were not in attendance, who caution that lawmakers’
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Twitter’s most active users, defined as the top 20% by tweet volume, have posted less on the platform since Elon Musk’s acquisition late last year, according to a survey from Pew Research Center. The survey’s authors noted a “noticeable posting decline” of around 25% per month following Musk’s takeover. The decline in posting by power
Goldman Sachs is optimistic about the potential of artificial intelligence (AI) to increase productivity and profits for the S&P 500 in the next 10 years. According to Ben Snider, senior strategist at Goldman Sachs, AI could raise productivity by 1.5% each year, resulting in a 30% increase in S&P 500 profits or more over the
Following Tesla’s annual shareholder meeting, Elon Musk gave a lengthy interview to CNBC anchor David Faber. During the conversation, Musk discussed his takeover of Twitter and the challenges he has faced. He shared that Twitter’s Community Notes feature has cost the company $40 million in business due to false advertising accusations made against two major
Tesla CEO, Elon Musk, has criticized the Federal Reserve’s monetary policy, stating that the Fed was too slow to increase rates and will likely be too slow to lower them in the coming months. Musk believes that the Federal Reserve is operating with too much latency, and the data being used to make decisions is
Tesla CEO Elon Musk addressed shareholders at the company’s annual meeting, discussing his predictions for the economy and promising the production and delivery of Cybertrucks later this year. Musk stated that Tesla plans to deliver its first Cybertrucks this year and hopes to produce between 250,000 and 500,000 annually. Additionally, Musk stated that he intends
JPMorgan Chase has been warned by a federal judge in New York that it could face contempt of court charges if it does not speed up the production of evidence related to late sexual offender and money manager Jeffrey Epstein. The warning comes as a result of lawsuits by an Epstein accuser and the government
The S&P 500 and the Dow Jones Industrial Average were on track for their second week in the red, dropping 0.9% and 1.6% respectively, while the Nasdaq Composite lost 0.2%. The banking sector and the US economy’s health concerns reignited investors’ worries. PacWest’s significant deposit outflows during the first week of May caused regional bank
A new study published in JAMA Internal Medicine suggests that Medicare could spend up to $5 billion per year on the new Alzheimer’s antibody treatment, Leqembi. If around 85,700 patients test positive and are treated with the Eisai and Biogen product, Medicare would spend approximately $2 billion per year. However, if around 216,500 patients become
Google has announced that it will embed markups within images created by its AI models to warn users that the images were originally created by a computer. The information within the images will not be visible to the human eye, but software like Google Search will be able to read it and display a label