View time: 2 min 01
Level : Advanced
Author: natixis-ezine
Company that created ChatGPT is thrown into turmoil after Microsoft hires its ousted CEO
Read time : 4 mins
Level : Advanced
By COURTNEY BONNELL and MATT O’BRIEN AP Business Writers
The company that created ChatGPT was thrown into turmoil Monday after Microsoft hired its ousted CEO and many employees threatened to follow him in a conflict that centered in part on how to build artificial intelligence that’s smarter than humans.
The developments followed a weekend of drama that shocked the AI field and fueled speculation about the future of OpenAI, which named a new chief executive on Friday and then replaced her on Sunday. The newest CEO vowed to investigate the firing of co-founder and CEO Sam Altman, who’s been instrumental in OpenAI’s transformation from a nonprofit research laboratory into a world-renowned commercial startup that inaugurated the era of generative artificial intelligence. Continue reading
Side Hustles: Red Flags or Great for Boosting Employee Performance?
Read time : 4 mins
Level : Intermediate
By Ananyaa Bhowmik | Wealth of Geeks undefined
A study conducted by Lending Tree late last year found 44% of Americans have a side hustle. As the cost of living surges, many Americans resort to busting into the gig economy to feed their lifestyles. This may make bosses across industries more than a little worried.
The study shows a whopping 13% rise in Americans with a side hustle since 2020. Gen Zs make up a considerable portion of these growing numbers, with 62% saying that they have a side hustle.
But the expert consensus is that a little side action, employment-wise, actually may improve employees’ performance at their primary jobs. Continue reading
Sweden launches huge new plastic recycling center
View time : 3 min 15
Level : Intermediate
Parched California bets on agave spirits to quench thirst
View time: 1 min 52
Level : Advanced
Navigating Troubled Waters: Moody’s Credit Review and The Struggles of The U.S. Banking Sector
Read time : 4 mins
Level : Advanced
Amaka Chukwuma | Wealth of Geeks undefined
In August, ratings agency Moody’s announced six major United States banks, including Bank of New York Mellon, State Street, and Northern Trust, were at risk of having their credit rating downgraded. An additional 10 mid-sized banks had their credit ratings slashed, exposing the “ongoing strain” within the U.S. banking sector.
This development sent shockwaves through the financial markets, with investors growing concerned about the potential challenges ahead for the banking sector.
The tension evident in Moody’s report is compounded by mounting pressures on funding and potential “weaknesses” in the capital reserves that lenders must maintain. A credit rating downgrade could further elevate the funding costs for these banks, intensifying their financial challenges. Continue reading
Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones
Read time : 3 mins
Level : Intermediate
By MICHAEL LIEDTKE AP Technology Writer
Apple’s sales remained on a downward slope during the summer, resulting in a full year of declining revenue at the technology trendsetter with a long history of steady growth that turned it into the world’s most valuable publicly traded company.
The slight sales deterioration announced Thursday for the July-September period marked the end of Apple’s fiscal year — a stretch that saw the company suffer a revenue decrease from the prior year in each quarter.
Although this past fiscal year’s revenue only dipped by 3% from the previous fiscal year, it was still a noteworthy anomaly in a business that has been so successful that Apple became the first U.S. company to be valued at $3 trillion earlier this year.
It’s the first time Apple’s fiscal year revenue has dropped since 2019 when sales fell by 2%. Continue reading
The White House Historical Association is opening a technology-driven educational center in 2024
View time : 2 min 15
Level : Intermediate
Leaders agree to confront potential AI risks
View time: 1 min 47
Level : Advanced
In a first, MIT trains students to resolve clean energy conflicts
Read time : 4 mins
Level : Advanced
By AMY HARDER, Cipher News undefined
CAMBRIDGE, Mass. (AP) — As the United States injects hundreds of billions of dollars into clean energy through its signature climate law, known as the Inflation Reduction Act, criticism is growing louder about where, how and whether new development should be allowed.
As opposition grows, once-routine regulatory processes are taking several years, if they are completed at all. Some communities are concerned about landscape changes, some property values and others wildlife preservation. Layered on top of these debates is misinformation, which sows doubt and mistrust among developers and communities.
A new class at the Massachusetts Institute of Technology offers a glimpse into a novel way of resolving these types of conflicts.
MIT is offering a first-of-its-kind course that trains students to be mediators in conflicts over clean energy projects. Supervised by a professional mediator, students work directly with developers, local officials and community members. Students get academic credit and hands-on experience addressing real-world dilemmas, while the community and developer get free help resolving conflict. Continue reading