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☆ There's a big debate over whether it's OK to use AI in your job search. Some companies say it's 'a definite dealbreaker.'
▼ + stars: | 2023-05-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Many job seekers have started using ChatGPT and similar AI tools to write résumés and cover letters. 39% of surveyed HR professionals said using AI in applications is a dealbreaker. Some recruiters said that using AI to write applications could be a "marketable skill." Plovie added that it's hard to say if companies will seek job candidates who have "expertise and experience" with AI tools. Are you an employer who doesn't want job candidates using AI tools to help with their résumés or cover letters?

☆ How the technology behind ChatGPT could make mind-reading a reality
▼ + stars: | 2023-05-23 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +6 min

Neuroscientists at the University of Texas in Austin have figured out a way to translate scans of brain activity into words using the very same artificial intelligence technology that powers the groundbreaking chatbot ChatGPT. Before entering the fMRI machine, CNN correspondent Donie O'Sullivan was given specialized earphones to listen to an audiobook during his brain scan. While the technology is still in its infancy and shows great promise, the limitations might be a source of relief to some. While the technology at the moment only works in very limited cases, that might not always be the case. “Technology can improve and that could change how well we can decode and change whether decoders require a person’s cooperation.”

Persons: ”, It’s, ” Alexander Huth, ” Huth, Huth, Dorothy, Donie O'Sullivan, CNN Huth, can’t, Jerry Tang, ” Tang, “, Sam Altman, Altman, Tang Organizations: CNN, University of Texas, UT Austin Locations: Austin , Texas, Austin, San Francisco, Texas

☆ China is using AI to raise the dead, and give people one last chance to say goodbye
▼ + stars: | 2023-05-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

I would have liked to watch a few more episodes," the grandfather bot replied. Yu told Tang his grandmother needed the chatbot to process her emotions and mourn. As for himself, he declined to share his intimate conversations with his grandfather bot. Like Yu's grandfather bot, Wu's bot produced limited responses. "These emotions might have overwhelmed me too much to work and live my life," he told Tang.

☆ American jailed for spying by China rubbed shoulders with senior Chinese officials, CNN reporting shows, CNN reporting shows
▼ + stars: | 2023-05-16 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“He’s a very famous person, known by many overseas Chinese in the southern US,” Tang said. Reports published by Chinese-language media in Texas and China’s state media show Leung’s long-running access to senior Chinese officials. In 2014, he met with the director of Jiangsu Provincial Overseas Chinese Affairs Office during a visit to Nanjing, the provincial capital. This photo shows John Leung with Wang Hua, the former director of Jiangsu Provincial Overseas Chinese Affairs Office. It also comes as American and Chinese officials are resuming high-level engagements since a dispute over a suspected Chinese spy balloon shattered efforts to mend ties earlier this year.

☆ Fed monetary policy mechanics would be tested by US debt default
▼ + stars: | 2023-05-15 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

That's because U.S. government bonds are the key to how the central bank sets its short-term interest rate target. Anything that gums up the Treasuries market could scramble those mechanics. Setting a baseline for short-term interest rates via its reverse repo facility in effect borrows cash from money market funds in transactions collateralized with government bonds. The Fed currently owns about $5.2 trillion in Treasury debt, and the bulk of it would be fine at the start of a default. And that's where pricing an impaired Treasury for Fed operations gets tricky.

☆ Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
▼ + stars: | 2023-05-11 | by ( Chen Aizhu | ) www.reuters.com time to read: +7 min

[1/2] Model of natural gas pipeline, Russian and Chinese flags and Yuan and Rouble banknotes are seen in this llustration taken, September 7, 2022. "For now, and for the foreseeable next few years, I think the trade using RMB will predominantly be used for commodity and energy trade." Russian President Vladimir Putin has said that two-thirds of trade between Beijing and Moscow is now settled in roubles or yuan. Surging commodity imports pushed China's trade deficit with Russia to $38 billion last year, although the gap has narrowed in the first four months of 2023. Gazprom, which said last September it had agreed with CNPC to settle gas trade in roubles and yuan, did not respond to requests for comment.

☆ I Got My Name From Connie Chung. So Did They. - The New York Times
▼ + stars: | 2023-05-11 | by ( Connie Wang | ) www.nytimes.com time to read: +21 min

In my freshman class alone, there was a Connie Zheng, a Connie Guo, a Connie Xu, a few Connie Chengs, and multiple Connie Wangs. That ayi was Constance Yu-Hwa Chung, or, as the world knows her, Connie Chung. Connie Chung hosting the “CBS Evening News” in 1991, the year after the author named herself Connie. Connie Wang Connie Koh Connie Yang Connie Tang Connie Jang Connie Chung Connie Moy Connie Huang Connie Kwok Connie Chang Connie Sun Connie Chung, center, surrounded by 10 members of Generation Connie. Clockwise from top right, Connie Yang, Connie Tang, Connie Moy, Connie Sun, Connie Chang, Connie Kwok, Connie Huang, Connie Jang, Connie Wang and Connie Koh.

HONG KONG, May 10 (Reuters) - China will appoint Li Yunze as the head of a new financial regulator as part of a broader restructuring of its financial regulatory regime, three sources with knowledge of the matter said on Wednesday. Li, 52, a banking veteran and currently vice governor of southwestern Sichuan province, will take the helm of the National Financial Regulatory Administration (NFRA), the sources told Reuters. The NFRA is a new government body under the State Council tasked to supervise the multi-trillion dollar financial industry, excluding the securities sector. Li has a relatively low-profile in the sector compared to previous financial regulatory heads. In 2018, he was appointed as vice governor of Sichuan province.

☆ Canada Expels Chinese Diplomat Following Alleged Threat to Conservative Lawmaker
▼ + stars: | 2023-05-08 | by ( Paul Vieira | ) www.wsj.com time to read: 1 min

China’s embassy in Ottawa says the expulsion was ’ based on rumors of the so-called China interference hyped up by some politicians and media.’ Photo: Justin Tang/The Canadian Press/Associated PressCanada on Monday expelled a Chinese diplomat after cabinet members learned that he allegedly ordered authorities in Hong Kong to monitor and possibly intimidate the relatives of a Conservative lawmaker critical of Beijing’s treatment of the Uyghur Muslim minority. Foreign Minister Mélanie Joly said that Zhao Wei of China’s consulate-general’s office in Toronto was declared “persona non grata.” A Canadian official said Mr. Zhao now has five days to leave the country.

☆ Consumers in China are dining at nicer restaurants — even if it costs $500 a person
▼ + stars: | 2023-05-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Despite the Covid-19 pandemic, a brand called Lu Style opened four new restaurants in the last three years in Beijing and Shanghai. Since Lu Style launched in 2016, more people no longer focus on just being able to eat, said Tian Junfeng, director of operations. Tian said Lu Style will be focused on improving customer service in the coming months. The 2023 rankings selected 304 restaurants — most of which were in China, including Lu Style. Two Lu Style locations have one Michelin star each, and the France-based guide includes more than 400 restaurants in mainland China.

☆ Shopify to Lay Off 20% of Its Workforce as It Sells Logistics Business to Flexport
▼ + stars: | 2023-05-04 | by ( Liz Young | Dana Mattioli | ) www.wsj.com time to read: 1 min

Shopify spent about $2.5 billion to buy Deliverr and 6 River Systems. Photo: Justin Tang/Associated PressFlexport is buying Shopify ’s logistics-fulfillment operations, including U.S. e-commerce platform Deliverr, setting up the freight company to add home-delivery services that would compete with Amazon.com for retailer business. Shopify is also selling its 6 River Systems warehouse robotics operation to U.K. automated grocery-fulfillment specialist Ocado Group .

☆ Scientists say they made a mind-reading AI that can turn brain scans into a readout of your thoughts
▼ + stars: | 2023-05-02 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

Scientists say they trained AI to recreate a story from a brain scan. The AI was able to read their brainwaves and recreate the story accurately, per a study. The AI was able to accurately predict what the story was about by reading only the participant's brainwaves, per the study. The story doesn't come out exactly like it was told An annotated diagram shows how the AI can read brainwaves and generate a story. The technique can't break into private thoughtsScientists used this brain scanner to collect brainwaves to feed to the AI.

Jeremy Selwyn/WPA Pool/Getty Images Camilla stands next to Queen Elizabeth II during a Diamond Jubilee pageant on the River Thames in June 2012. Chris Jackson/Getty Images From left, Camilla, Charles, Queen Elizabeth II and Prince Philip attend the state opening of Parliament in May 2013. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William. Frank Augstein/WPA Pool/Getty Images In pictures: Britain's Queen Camilla Prev NextShe reportedly met Prince Charles at a polo match in Windsor in 1970 and they became friends. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William.

☆ Scientists develop A.I. system focused on turning peoples' thoughts into text
▼ + stars: | 2023-05-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

The researchers trained their semantic decoder on dozens of hours of brain activity data from participants, collected in an fMRI scanner. Scientists have developed a noninvasive AI system focused on translating a person's brain activity into a stream of text, according to a peer-reviewed study published Monday in the journal Nature Neuroscience . PH.D. STUDENT JERRY TANG PREPARES TO COLLECT BRAIN ACTIVITY DATA IN THE BIOMEDICAL IMAGING CENTER AT THE UNIVERSITY OF TEXAS AT AUSTIN. Once the AI system is trained, it can generate a stream of text when the participant is listening to or imagines telling a new story. According to a news release, the trained system produces text that closely or precisely matches the intended meaning of the participant's original words around half of the time.

[1/3] People walk past a branch of Industrial and Commercial Bank of China (ICBC) in Beijing, China April 1, 2019. REUTERS/Florence LoSummarySummary Companies Top five lenders post shrinking net marginsNon-performing loans hold steady at all fiveQ1 net profit growth mostly flatSHANGHAI/BEIJING, April 28 (Reuters) - Five of China's largest lenders posted shrinking margins in the first quarter on Friday, as loan re-pricing bites. Following suit were Agricultural Bank of China Ltd (AgBank) (601288.SS), Bank of China (BoC) (601988.SS), China's Bank of Communications Co Ltd (BoCom) (601328.SS), and China Construction Bank Corp (CCB)(601939.SS), all posting dips in their NIM. All lenders posted flat to around 5% net profit growth with BoCom logging the highest first-quarter net profit at over 5%. AgBank came in second with 1.75% as the others posted flat net profit growth over the same period.

Charles’ coronation is expected to be shorter than his mother’s seven decades ago. The spot where King Charles will be crowned inside Westminster Abbey Dan Kitwood/Getty ImagesWhat happens during the coronation service? Which crown will King Charles use? How is King Charles making the ceremony more inclusive? Don’t missThe coronation of King Charles III brings pageantry, revelry, and new questions – is the monarchy relevant in the modern world?

☆ A fake AI-generated Travis Scott album was taken off YouTube as the fight against AI music continues
▼ + stars: | 2023-04-27 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

AI Hub is a Discord server housing over 36,000 members making AI music. Members from the group created "UTOP-AI," an AI album featuring the voices of Travis Scott and other artists. "I ain't talking Uber, come take a trip into my mind," croons Travis Scott on a song called "Winter Snow." Warner Music Group and representatives for Travis Scott did not immediately respond to Insider's requests for comment. The alarm bells sounding off in response to AI music have already been rung by the power players in the industry.

☆ China brokerage CITIC posts 3.6% rise in Q1 profit
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies Net profits rise to 5.4 bln yuanNet fee and commission income down 10.8% on-yearInvestment income up 89.6% on-yearBEIJING/SHANGHAI, April 27 (Reuters) - CITIC Securities Co (600030.SS), , China's biggest brokerage, reported a 3.6% rise in first-quarter profit on Thursday, thanks to stronger investment returns as the economy recovers. Net profit in the January-March period rose to 5.4 billion yuan ($780.22 million), the company said in a stock exchange filing. The company's investment income surged 89.6% year-on-year to 5.82 billion yuan in the first quarter this year. Its net fee and commission income fell 10.8% to 7.3 billion yuan, the filing showed. ($1 = 6.9211 Chinese yuan renminbi)Reporting by Ziyi Tang and Engen Tham Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ China says its newest aircraft carrier will be able to launch 'new-type aircraft'
▼ + stars: | 2023-04-26 | by ( Jack Lau | South China Morning Post | ) www.businessinsider.com time to read: +4 min

The Chinese navy currently operates two aircraft carriers. Neither carrier features the Fujian's signature catapult system, which allows planes to launch more frequently and carry more fuel and munitions. Despite plans for the navy to gain the ability to operate globally, the CCTV report only referred to operations in domestic waters when saying that China would build more aircraft carriers. "But due to China's vast oceans, the demand cannot be met with only three aircraft carriers — the Liaoning, Shandong and Fujian. Therefore, new aircraft carriers are bound to be built in the future."

☆ U.S. Begins Planning for 6G Wireless Communications
▼ + stars: | 2023-04-21 | by ( John D. Mckinnon | ) www.wsj.com time to read: 1 min

The next generation of wireless telecommunications, years away from deployment, could pave the way for global internet access still unavailable with the current 5G standard. Photo: Tang Ke/Costfoto/Future Publishing/Getty ImagesWASHINGTON—The Biden administration is beginning to plan for 6G wireless telecommunications, seeking to expand internet access while reasserting U.S. leadership in a sector where China has notched gains. The White House on Friday will meet with corporate, government and academic experts to begin developing goals and strategies for the new 6G communications technology, which would have the ability to take cloud computing and the mobile internet to true global ubiquity, among other improvements.

☆ Ryan Reynolds and Wrexham FC surprise Rob McElhenney with an original song for his birthday
▼ + stars: | 2023-04-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —Ryan Reynolds and Rob McElhenney’s ownership of Welsh soccer club Wrexham has already produced a Disney+ documentary and earned the pair the city’s top civic honor – the Freedom of Wrexham. And now Reynolds has released a catchy song to celebrate his co-chairman’s birthday, enlisting all his “mates in Wrexham” to teach the world how to pronounce McElhenney’s last name correctly. “Would be a real shame if this became a Wrexham Racecourse chant,” Reynolds added. McElhenney simply tweeted: “This is…I mean… I don’t…Wow.”Ryan Reynolds and Rob McElhenney bought Wrexham in late 2020. Then, McElhenney retaliated by launching “The Ryan Reynolds Memorial Blimp,” complete with an unflattering picture of the Canadian actor.

☆ A Pretzel Recipe That Won’t Tie You in Knots
▼ + stars: | 2023-04-14 | by ( Samantha Seneviratne | ) www.nytimes.com time to read: 1 min

In New York City, you can find a pretzel within minutes of a craving — in warmed glass cases on corner street carts, all over transit hubs, even in the odd department store. They vary in quality but are often forgettable, something to stave off hunger until a better snack presents itself. But a big pretzel with a soft, dense middle, chewy ends and the perfect combination of tang and salt? That’s a little harder to come by. Unless you make it yourself.

☆ Young people in Greater China are blowing their paychecks every month — even if they don't have to
▼ + stars: | 2023-04-13 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

"Yue guang zu" ("moonlight clan") refers young singles in Greater China who go broke at the end of each month, or live paycheck to paycheck. Hsu belongs to a group of people in Taiwan, typically young and single workers, called the "yue guang zu" — the so-called "moonlight clan." Eric Hsu Civil engineerBut when a serious knee injury took him out of work for two weeks without pay, Hsu realized he was unable to support himself. "Young people would rather give up that dream and spend money on things they are guaranteed to get today." After his experience, he canceled his credit cards two years ago and committed to saving one third of his salary each month.

☆ The US Navy's Super Hornets are having trouble keeping up with the rest of the military's fighter jets
▼ + stars: | 2023-04-12 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

F/A-18E/F Super Hornets have mostly replaced F/A-18 Hornets as the US Navy's carrier-based fighters. The Super Hornet — which includes the single-seat F/A-18E and the two-seat F/A-18F — made its maiden flight in 1995. Super Hornet availability is now about 41% compared to about 26% for the Hornet, whose readiness dropped sharply at about the 25-year mark. But the CBO asked a more specific question: How did Hornets compare to Super Hornets at a similar age? Was the discrepancy caused by Super Hornets flying more hours than Hornets?

☆ Smaller Chinese banks cut deposit rates on squeezed margins
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +3 min

BEIJING, April 11 (Reuters) - Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan growth faces more pressure amid rising economic risks. "But the costs of liabilities of banks remain relatively rigid, and net interest margins continue to shrink, which added to their operating pressures," he said. Nicholas Zhu, a banking analyst at Moody's, said smaller banks' pricing changes usually follow larger banks' initiatives with a time lag. In September, China's largest banks lowered deposit rates in their first broad-based move since 2015 to ease margin pressure. Lower deposit rates could also help ease banks' margin pressures at a time when investors have raised their hopes for a cut in lending rates to prop up the economy.

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