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☆ Worried about Nvidia? This stock offers clues about when AI will go mainstream, Scotiabank says
▼ + stars: | 2024-07-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

NVDA 1Y line Large cloud computing firms, such as Microsoft , Amazon and Google , have bought billions of dollars worth of AI chips from Nvidia over the past two years. Investors now want to know whether these Big Tech giants will be able to make a return on their investment — a precursor for further spending on AI chips. However, "tentative" signs have started to emerge that spending on AI chips may be spurring investment in the broader economy, Capital Economics said. CGI Inc For clues as to how quickly AI technologies are being adopted, Scotiabank highlighted CGI , a Canadian multinational IT firm that helps companies introduce AI into their business models and operations. The Scotiabank analyst believes that as large companies prepare to start AI spending, CGI is set to benefit and capture any future growth.

Persons: Shant, Neil Shearing, Shearing, Divya Goyal, Goyal, GIB Organizations: Nvidia, Microsoft, Google, Investors, Big Tech, Jennison Associates, Capital Economics, Economics, Scotiabank Locations: Britain, U.S, Canadian, Canada, New York

☆ Google employees react to facial-recognition security being tested at one of its campuses
▼ + stars: | 2024-07-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewGoogle is testing a new security system that uses facial-recognition technology at its campus in Kirkland, Washington — and early reaction from Google employees in the US is mixed. The interior security cameras collect facial data and are designed to help prevent unauthorized individuals from entering Google's campus, the company said. Google said its security team uses the data to identify people who may pose a security risk. After news of the system was first reported by CNBC, Business Insider talked to Google employees at various campuses to find out what they thought about the change. A Google spokesperson said there were no known plans in place to use the security system for attendance tracking.

Persons: —, Kirkland , Washington —, Kirkland, it's, they've, Chris Rackow Organizations: Service, Google, Business, CNBC, Kirkland, Google's, Amazon, National Labor Relations Board, YouTube Locations: Kirkland , Washington, Google's, Kirkland, New York, San Francisco, Google's New York, Sunnyvale, San Bruno , California, Mountain View , California

☆ How I went from MBA to CEO in just seven years
▼ + stars: | 2024-07-01 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Now, seven years after graduating from business school, I'm the CEO of accounting platform Ascend Together, which is growing by the day. It took lots of long hours and self-reflection, plus the help of private-equity firm Alpine Investors' CEO-in-training program. Here's my story of how I went from MBA to CEO. Alpine CITs Alpine InvestorsI have to give them credit for their imagination, because they placed me in the role anyways. Alpine's CEO and founder Graham Weaver Alpine InvestorsI attribute this so much to Graham Weaver, Alpine's founder and CEO.

Persons: —, David Wurtzbacher, you'll, CITs, We're, That's, Graham Weaver, Graham Organizations: Service, Business, Alpine Investors, JPMorgan Chase, JPMorgan, Harvard, Alpine's CIT, Lightwave, Carolinas, CIT, Alpine, Technology, CPA Locations: Harvard, Alpine, San Francisco, Virginia, Lightwave

☆ How Britain’s political parties got their colors
▼ + stars: | 2024-07-01 | by ( Oscar Holland | ) edition.cnn.com time to read: +6 min

While these are the only two parties with a realistic chance of winning the election, other smaller parties across the British political system offer a veritable kaleidoscope of differing — and sometimes duplicate — colours. The Liberal Democrats (orange), and Reform UK (turquoise) and the Green Party (you guessed it), are all vying for votes. Labour Party leader Keir Starmer during the launching of Labour Party election manifesto, in Manchester, on June 13, 2024. Among the smaller parties, color choices have sometimes been relatively straightforward – the Green Party uses green, unsurprisingly, due to its obvious connections with environmentalism. Ed Davey, leader of the Liberal Democrats, during an election campaign visit in Frome, UK, on May 30, 2024.

Persons: Sinn Féin, Dominic Wring, Rishi Sunak, Jeff J Mitchell, ”, Keir Starmer, Oli Scarff, Liberal Democrats —, Ed Davey, Hollie Adams Organizations: CNN, Labour, Liberal Democrats, Reform, Green Party, Scottish National Party, Northern, Wales ’ Plaid Cymru, UK’s Loughborough University . British, British, British Union of Fascists, Labour Party, Getty, Conservative Party, Liberal Party, Social Democratic Party, Lib, Bloomberg, UK Independence Party, Christian Democrats, Marijuana Party of Canada, Republicans Locations: Edinburgh, Scotland, Britain, British Union, Manchester, AFP, Frome, UK, Europe

☆ 5 Things I Do Leading up to a Big Tech Interview.
▼ + stars: | 2024-07-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementHere are six things I do leading up to a big technical interview:1. However, I did have technical interview rounds focused on system design questions. I would go through them one to two weeks before the interview and try to answer them. Read my own notesIn the last 24 hours before a big interview, I stop doing any mock interviews or looking at new technical questions to prevent feeling even more anxious.

Persons: —, Yung, Yu Lin, Read Organizations: Service, Google, Yahoo, Meta, Visa, PayPal, Business Locations: Sunnyvale , California, Taiwan

☆ American Express is taking control of restaurant reservations
▼ + stars: | 2024-07-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Trying to get a table at a buzzy new restaurant in New York or Los Angeles? American Express already owns Resy, a rival restaurant booking app, and gives special table access to Amex customers that are not available to other customers. But experts say that Amex’s acquisition gives the credit card company more control over velvet rope access to dinner — and who is shut out. It may help restaurants attract Amex customers with deeper wallets, said Alex Susskind, a professor of food and beverage management at Cornell University. Restaurant owners and merchants have also complained about the fees credit card companies charge businesses, and it could open a new door for fees.

Persons: you’re, Rajesh Bhardwaj, Amex, —, ’ “, ” Joseph Nunes, Alex Susskind, ” Organizations: New, New York CNN, American Express, American, Delta SkyMiles Reserve, University of Southern, Cornell University Locations: New York, Los Angeles, New York City, United States, Resy, University of Southern California

☆ This smiling robot has a face covered in ‘living’ skin
▼ + stars: | 2024-06-28 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

While it might look like the stuff of nightmares, this tiny robot covered in living skin could mark a step forward in the quest to make robots more human-like. It’s the work of researchers in Japan, who say they have discovered a new way to bind living skin tissue to a mechanical robotic surface. Previously, he developed a “living” robot skin — using collagen, a fibrous protein in human skin, and human dermal fibroblasts, the main cell type in connective tissue — that could be applied to a robotic finger and bend without breaking. The new method uses V-shaped holes on the robot's surface to attach the living skin securely. However, ensuring the consistency and quality of the living skin might not be so easy, says Takeuchi.

Persons: Shoji Takeuchi, ”, Takeuchi, Takeuchi isn’t, Will Jackson, ” Jackson, Hanson Robotics ’ Sophia, Grace, Yifan Wang, Wang, ” Takeuchi, Wang — Organizations: CNN, Institute of Industrial Science, University of Tokyo, Engineered Arts Ltd, Hanson Robotics ’, Nanyang Technological University, Singapore, The University of Tokyo Locations: Japan

☆ AI tools for Goldman's workforce set to 'land at scale on desks' as soon as next year: partner
▼ + stars: | 2024-06-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

For Goldman Sachs' investment bankers, the answer may just be over the horizon. Top Goldman executives told Business Insider that the investment bank is poised to roll out a series of generative AI tools to its workforce as soon as next year. Lee, a Goldman partner, said it could take years for the consequences of this tech on the bank's workflows to be fully understood. But he is overall optimistic about how generative AI, an advanced type of machine learning, will impact its workforce. Many junior bankers spend time on tasks that can sometimes feel "relatively routine," Lee said.

Persons: —, Goldman Sachs, Goldman, George Lee, cohead, Lee, it's, Jamie Dimon, Alison, Tim Ingrassia, Gene Sykes, dealmakers, David Solomon, Ingrassia, Reed Alexander Organizations: Service, Business, Goldman Sachs Global Institute, JPMorgan, Goldman, New York Times, Deutsche Bank

☆ Tesla loses its EV quality edge as repair problems continue to plague the market
▼ + stars: | 2024-06-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +3 min

A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Last year, the U.S. EV leader received a rank of 257 problems per 100 vehicles, compared with 265 problems per 100 vehicles on average for EVs from traditional automakers. Across the broader industry, not just BEVs, Tesla has consistently ranked toward the bottom in initial quality since J.D. BEVs averaged 266 problems per 100 vehicles, 86 points higher than gas- and diesel-powered vehicles, which averaged 180 problems per 100 vehicles, according to the study. "It is not surprising that the introduction of new technology has challenged manufacturers to maintain vehicle quality," Hanley said.

Persons: Tesla, Power, Power Frank Hanley, Hanley, — CNBC's Michael Wayland Organizations: J.D, Tesla, Auto, Apple, Android Locations: Santa Monica , California, J.D ., U.S

☆ Kyrenia shipwreck has a new estimate for the year it sank, study says
▼ + stars: | 2024-06-26 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

CNN —A lone diver first laid eyes on the ancient Kyrenia shipwreck off the north coast of Cyprus nearly 60 years ago. The authors of a new study dated almonds found aboard the Kyrenia ship to find a new estimated range of years for when the ancient vessel's last voyage took place. Dating a Hellenistic-era shipTwo main obstacles stood in the way of achieving a high-precision age estimate for the Kyrenia shipwreck, according to Manning. The Kyrenia ship's hull is seen shortly after it was raised from the seabed and reassembled. Kyrenia Ship Excavation“Part of the value of this story is about process.

Persons: CNN —, —, Andreas Cariolou, Michael Katzev, “, ”, Sturt Manning, Manning, ” Manning, you’ve, it’s, Mark Lawall, Lawall, ” Lawall Organizations: CNN, Cornell University, Northern Hemisphere, University of Manitoba Locations: Kyrenia, Cyprus, New York, Winnipeg

☆ How AI could actually make the hiring process more human
▼ + stars: | 2024-06-26 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

This has taken a major toll on the remaining hiring teams, who must now manage overwhelming workloads. For employers, acknowledging the challenges your hiring teams are grappling with, along with the innovative solutions available to them, can ultimately make the hiring process better for everyone involved. Currently, hiring teams are working under economic uncertainty, making companies more hesitant to make long-term hiring decisions. AI can make hiring more efficient and humanChris Hyams, CEO of Indeed, is optimistic about what AI can do for hiring processes by blending AI capabilities with human judgment. How Indeed employs AI responsiblyIndeed's Smart Sourcing platform is a prime example of using AI responsibly to support, not replace, human decision-making in the hiring process.

Persons: Harris, Chris Hyams, We're, " Hyams, Tony Stark, Hyams, it's Organizations: Harris, Bureau of Labor Statistics, Smart, Insider Studios

☆ Job seekers are jumping through more hoops to get hired as power shifts back to employers
▼ + stars: | 2024-06-25 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

Read previewThe hiring process seems to have become increasingly complex in recent years, with job seekers facing new tests, more interviews, and months of waiting to hear back from prospective employers. Job seekers have been taking to social media to complain about jumping through various hiring hoops just to secure an entry-level job. He said that in recent years, the hiring process has slowed down as the number of interview rounds has increased: "It reflects a lack of understanding by employers about what they're actually looking for." Advertisement"Many interviews and job assessments now take place online, which means candidates need to adapt to virtual interactions and later demonstrate their skills remotely," she said. When job interviews started to be done on Zoom and managers had fewer opportunities to evaluate candidates, more employers began using cognitive and psychometric assessments as part of their hiring process.

Persons: —, Chris Abbass, Abbass, Peter Cappelli, Wharton, They've, Cappelli, Nikita Gupta, they're, Gupta Organizations: Service, Business, school's, Human Resources, Harvard Business, Big Tech

☆ OpenAI's CTO treats creativity like a problem to be solved — and that itself is the problem
▼ + stars: | 2024-06-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"These people treat creativity like a problem to be solved," he continued. "All these things shouldn't be there in the first place, but all these things are work that some people have to do. "I think we need to have an honest public debate about the advantages, but also the pitfalls and dangers of AI technology," Astray said.

Persons: —, Mira Murati, Jeffrey Blackburn, ChatGPT, Murati, Ed Zitron, Zitron, Boris Eldagsen, OpenAI's DALL, Eldagsen, FABRIZIO BENSCH, Miles, doesn't, OpenAI, Sam Altman Organizations: Service, Business, Dartmouth, OpenAI, Sony, Reuters Locations: OpenAI

☆ How Delta made itself America's luxury airline — and what United wants to do about it
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +16 min

Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.

Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas

☆ A top Spotter exec breaks down how AI is changing the creator economy — and why short-form video could be a casualty
▼ + stars: | 2024-06-24 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +5 min

That's a slightly different approach than some other AI tools that focus on automating aspects of a creator's workflow. Advertisement3 ways AI could impact the creator economy, according to BakausAI could upend short-form video and help longer-form content thrive. Short-form video, however, has had a harder time forming those deep connections, which makes it easily replaceable, Bakaus said. It's usually the thing that most people outsource the last, not because they don't necessarily want help," Bakaus said. And, AI tools can help with overall ideation, he said.

Persons: —, Paul Bakaus, Bakaus Organizations: Service, Business, YouTube

☆ Venture firms could be the latest target for AI disruption, and that's not the only threat to VCs
▼ + stars: | 2024-06-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .

Persons: —, VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago

☆ AI is shaping the fate of software engineers, but there is a new way to succeed
▼ + stars: | 2024-06-24 | by ( Rachel Curry | ) www.cnbc.com time to read: +2 min

So far in the artificial intelligence hype cycle, software engineers are still operating at full force, with demand for skilled engineers expected to grow by 25% in the decade ending in 2032, according to the U.S. Bureau of Labor Statistics. But is the hyper-growth of AI as an engineering solution throwing a wrench in that expectation? This is a form of computational thinking, or computer-like thinking — one skill that will remain prevalent amid AI-enabled software engineering, Schuerman said. Talented engineers, Tang said, have a higher level of problem-solving, logic and reasoning skills. David Hsu, CEO and founder of app development platform Retool, believes AI in the software context is a propelling factor.

Persons: Jensen Huang, Don Schuerman, Schuerman, Winston Tang, Tang, David Hsu, Hsu Organizations: Nvidia, World, U.S . Bureau of Labor Statistics, Microsoft, Google Locations: Dubai

☆ European Union regulators accuse Apple of breaching the bloc's tech rules
▼ + stars: | 2024-06-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives. The European Commission, the EU's executive arm, also said it had opened a new probe into Apple into new contractual terms with developers. Under the DMA, tech firms are not allowed to block businesses from telling their users about cheaper options for their products or about subscriptions outside of an app store. The regulators also said that the fees Apple charges developers for the initial acquisition of new customers via the App Store "go beyond what is strictly necessary." The steering rules were also a focus in that investigation.

Persons: Apple Organizations: Nurphoto, Getty, Apple, European Commission, EU, Digital Markets, Big Tech, CNBC, Commission, Regulators Locations: U.S

☆ European regulators accuse Apple of breaching new rules with its App Store
▼ + stars: | 2024-06-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

The European Commission has accused Apple of stifling competition with its App Store policies. Regulators say Apple is in breach of new tech rules by restricting alternative app promotions. AdvertisementThe European Commission has accused Apple of stifling competition with its App Store. The European regulators said Apple was in breach of new tech rules, known as the Digital Markets Act (DMA), as the company prevents app developers from steering customers to App Store alternatives. Under the European rules, developers should be able to freely inform customers of cheaper purchasing options and steer them toward the offers.

Persons: Apple, — Organizations: European, European Commission, Apple, Service, Digital Markets, Business

☆ Behind Balyasny's training program that gives analysts a crash course in data science and AI
▼ + stars: | 2024-06-23 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

"Five, 10 years from now, it's going to be table stakes to know Python, to know a lot of these AI tools that are being generated today. And that's exactly what the 6-month program, called Bridger, strives to do. It gives sell-side analysts from research firms, investment banks, and consultancies the chance to build up their technical chops. The program also creates a pipeline of analysts at a time when investing talent among hedge funds is competitive and expensive. While learning to code was always part of the curriculum, this year it added AI skills to the program.

Persons: it'll, Will Scott, Scott, Bridger, Balyasny, Bridger alums, Stephen McGee, McGee, wasn't, Nicole Goldin's, Goldin Organizations: Service, Balyasny, Management, BAM, Bridger, JPMorgan, Columbia University Locations: Bridger

☆ This technology could transform one of the world’s dirtiest industries. Experts say it’s way off pace
▼ + stars: | 2024-06-23 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +11 min

This complex will be world’s first large-scale “green steel” project, according to H2 Green Steel, the Swedish company behind the multi-billion-dollar mill. Dhiraj Singh/Bloomberg/Getty ImagesWhile projects like H2 Green Steel show momentum is growing, experts say the pace is far too slow. Northern Sweden is also home to the HYBRIT green steel pilot plant — which is one step ahead. US Secretary of State Antony Blinken speaks during a visit to Hybrit Steel Plant in Lulea, Sweden, on May 30, 2023. But there’s also the challenge of producing large amounts of green hydrogen, which will require huge amounts of renewable energy.

Persons: Peter Boer, Dhiraj Singh, ”, Mohamed Atouife, Daniel Acker, ” Atouife, HYBRIT, Biden, Antony Blinken, Jonas Ekstromer, Martin Pei, SSAB, ” Pei, Chathurika, Caitlin Swalec, Jonathan Nackstrand, Pei, there’s, –, Philipp Verpoort, “ It’s, Princeton’s, Swalec, Chris Greig, ” Greig, RMI’s Gamage Organizations: CNN, Green Steel, Tata Steel, Bloomberg, Getty, Rourkela Steel, Princeton University, Volvo, Hybrit Steel, TT, Agency, AFP, “, Mountain Institute, Global Energy Monitor, Potsdam Institute, Climate Impact, Potsdam, Princeton University’s Andlinger Center for Energy, Workers, Jiangsu Shagang, Co, European Union Locations: Sweden, Boden, Swedish, Wijk aan, Netherlands, Odisha, India, Indiana, Portage , Indiana, Northern Sweden, Cleveland, Ohio, Middletown, Mississippi, Lulea, Luleå, AFP, China, Europe, Japan, Jiangsu, Huai'an, Jiangsu Province, European

☆ Apple's big AI rollout is looking a lot smaller
▼ + stars: | 2024-06-22 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Apple went big with its reveal of Apple Intelligence, its AI offering, earlier this month. But Apple Intelligence is only available on the latest iPhone models. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAt one of its splashiest product reveals in recent history, Apple unveiled its new AI push, called Apple Intelligence, with great enthusiasm earlier this month. But the new tech's big rollout is turning out to be a lot more limited than that fanfare implied.

Persons: Apple, — Organizations: Apple Intelligence, Service, Apple, Business

☆ McKinsey says it needs to reinvent itself and that AI is the answer: 'It's going to be most of what we do in the future'
▼ + stars: | 2024-06-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Generative AI has become the leading conversation topic at the world's premiere consulting firms. "How do we actually inject gen AI and AI thinking into ways of doing business?" The launch of ChatGPT marked an inflection point for McKinsey's work on generative AI. He added that McKinsey has worked on roughly 400 generative AI projects in the last six months. McKinsey's work helps the young startup "build trust" among more organizations, Cohere's founder and CEO Aidan Gomez told Business Insider.

Persons: It's, Ben Ellencweig, Ellencweig, they're, it's, Aidan Gomez Organizations: Service, McKinsey & Company, McKinsey, Business Locations: India, Brazil, United States, Israel

☆ The Justice Department is coming for AI: 'If your AI fixes prices, you're just as responsible'
▼ + stars: | 2024-06-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

The Justice Department is cracking down on anticompetitive uses of artificial intelligence. The DOJ has been investigating RealPage for using AI algorithms to set high prices since 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Department of Justice is now cracking down on such anticompetitive uses of the buzzy new technology. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Department, DOJ, Biden, Big Tech, Service, Justice, Business

☆ Upgrades to keep the US military's oldest bombers — its B-52s — flying for a century are running into delays and rising costs, watchdog finds
▼ + stars: | 2024-06-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

AdvertisementThat's three years later than the Air Force planned to have the re-engined planes operating. U.S. Air Force photo by Tech. A U.S. Air Force B-52H Stratofortress assigned to the 20th Expeditionary Bomb Squadron at Barksdale Air Force Base, Louisiana, arrives on the flightline August 4, 2023, as part of a Bomber Task Force mission at Andersen Air Force Base, Guam. The Air Force plans to keep the planes in service until 2050, almost 100 years after the first B-52 entered service. The Air Force continues to rely on the B-52s for long-range strategic bomber missions, even though they lack the speed of the B-1 Lancers and the stealth of the B-2 Spirits.

Persons: —, Joshua J, Garcia, Nia Jacobs Organizations: Service, US Air, Business, Air Force, Royce, Pilots, 2nd Bomb, RAF Fairford, U.S . Air Force, Tech, Inside Defense, Department of Defense, 20th Expeditionary Bomb, Barksdale Air Force Base, Bomber Task Force, Andersen Air Force Base, The Air Force, Lancers Locations: United Kingdom, Louisiana, Guam, U.S, Arizona

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