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By Jennifer Korn Geoffrey Hinton, also known as the “Godfather of AI,” decided he had to “blow the whistle” on the technology he helped develop after worrying about how smart it was becoming, he told CNN on Tuesday. “I’m just a scientist who suddenly realized that these things are getting smarter than us,” Hinton told
Continue ReadingCNN By Jennifer Korn Geoffrey Hinton, also known as the “Godfather of AI,” decided he had to “blow the whistle” on the technology he helped develop after worrying about how smart it was becoming, he told CNN on Tuesday. “I’m just a scientist who suddenly realized that these things are getting smarter than us,” Hinton
Continue ReadingBy Brian Fung, CNN Twitter said Tuesday it will permit public institutions such as transit agencies and the National Weather Service to post large volumes of automated tweets for free, provided that the accounts doing so are “verified gov or publicly owned services.” The announcement marks another sudden pivot in Twitter’s attempts to charge institutional
Continue ReadingCNN By Sam Fossum Ahead of a highly anticipated meeting between President Joe Biden and Congressional leaders on Tuesday, senior Treasury officials reiterated dire warnings of economic “chaos” and “catastrophe” if the US doesn’t raise the debt ceiling as the country barrels toward default in early June. “I know he wants to set up a
Continue ReadingBy Matt Egan, CNN JPMorgan Chase has once again come to the rescue of the banking system by acquiring a doomed bank. And that makes Democratic Sen. Elizabeth Warren very worried. By blessing JPMorgan’s takeover of First Republic Bank, Warren fears federal regulators just made the” Too Big to Fail” problem even worse. “What happened
Continue ReadingBy Elisabeth Buchwald, CNN For the second time this year, the Federal Reserve is gearing up to raise interest rates right after a bank failure. In this instance, the Fed’s decision this Wednesday will come just two days following the collapse of First Republic Bank, the second-biggest bank failure in US history. Like Silicon Valley
Continue ReadingBy Chris Isidore, CNN American Airlines pilots voted to go on strike Monday. Southwest pilots are holding a strike vote as well. But none of those union members will be allowed to go on strike anytime soon — if at all — under the labor law that applies to airline workers. That law is the
Continue ReadingBy Peter Valdes-Dapena, CNN Business A decade ago, the Tesla Model S was MotorTrend’s Car of the Year and Consumer Reports hailed it as the best car it had ever tested. It was so good, Consumer Reports had to rethink its own rating scale because the Model S was literally off the charts. The Model
Continue ReadingBy Alicia Wallace, CNN The number of open jobs in the United States has dropped to the lowest level since May 2021, a reflection of a labor market that is slowly settling back into balance after the Federal Reserve’s yearlong campaign to cool off the economy. Job openings totaled 9.59 million in March, according to
Continue ReadingBy Nathaniel Meyersohn, CNN US Congress is stepping up the pressure on Chinese fast-fashion giant Shein. In a letter to the Securities and Exchange Commission Monday, a bipartisan group of 22 US House of Representatives members asked the SEC to require that Shein certify that any of its products that are made in China do
Continue ReadingCNN By Elisabeth Buchwald, CNN When Federal Reserve Chair Jerome Powell talks, markets listen. But you may not. But what Powell says matters a lot. He (and other members of the Fed) have power over your bank account, employment situation and more. *Enter CNN’s economy explainer reporter* Powell’s press conference Wednesday was filled with phrases
Continue ReadingBy Krystal Hur, CNN Stocks fell steeply Tuesday as investors grew fearful that turmoil in the banking sector has not been contained, and ahead of a key policy decision from the Federal Reserve. The Dow fell about 475 points, or 1.4% by midday Tuesday after tumbling nearly 600 points earlier in the session. The broad-based
Continue ReadingBy Brian Fung, CNN Some of the internet’s biggest adult websites, including Pornhub, are now blocking access to Utah users over a new age verification law that takes effect on Wednesday. Pornhub and other adult sites controlled by its parent, MindGeek, began blocking visitors with Utah-based IP addresses this week. Now, instead of seeing adult
Continue ReadingCNN By Brian Fung, CNN Some of the internet’s biggest adult websites, including Pornhub, are now blocking access to Utah users over a new age verification law that takes effect on Wednesday. Pornhub and other adult sites controlled by its parent, MindGeek, began blocking visitors with Utah-based IP addresses this week. Now, instead of seeing
Continue ReadingBy Jordan Valinsky, CNN Business Tuesday Morning is going out of business and closing all of its stores. It is the second major US home goods retailer to go bust in recent days. The retailer announced on Facebook and its website that it has started a going-out-of-business sale with 30% off discounts on its products
Continue ReadingBy Julia Horowitz, CNN Europe’s banks are pulling back access to credit, and a key measure of inflation in the region has cooled, bolstering the case for the European Central Bank to ease off its aggressive campaign of interest rate hikes when it meets later this week. Inflation among the 20 countries that use the
Continue ReadingCNN By Jennifer Korn Geoffrey Hinton, who has been called the ‘Godfather of AI,’ confirmed Monday that he left his role at Google last week to speak out about the “dangers” of the technology he helped to develop. Hinton’s pioneering work on neural networks shaped artificial intelligence systems powering many of today’s products. He worked
Continue ReadingBy Nathaniel Meyersohn, CNN Kroger, the largest grocery chain in the United States, is ditching its long-running weekly newspaper ad circulars announcing the latest grocery specials. The ads for Kroger stores and subsidiaries, including Ralphs, Fred Meyer and King Soopers, will shift online. Printed copies will be available in stores, the company said. The company
Continue ReadingCNN By Chris Isidore and Juliana Liu, CNN More than 11,000 members of the Writers Guild of America (WGA) are set to go on strike Tuesday morning for the first time since 2007, a move that could bring an immediate halt to the production of many television shows and possibly delay the start of new
Continue ReadingBy Catherine Thorbecke, CNN Uber on Tuesday reported revenue of $8.8 billion for the quarter ending in March, a 29% increase from the same period last year and beating Wall Street’s estimates. The company’s continued strength comes despite lingering recession fears and stands in stark contrast to the slowing growth at other tech companies. It
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