Geoffrey Hinton says AI will cause massive unemployment and send profits soaring
Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said...
Finance
McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals
McDonald’s is banking on burgers and fries to tell a bigger story about the American economy. Chief Executive Chris Kempczinski...
Trump’s trade adviser says tariffs aren’t permanent after court strikes down reciprocal duties
White House senior counselor for trade and manufacturing Peter Navarro said Sunday that President Donald Trump’s tariffs are not permanent as...
Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged...
Southwest Airlines is going to start charging heavy flyers for an extra seat if they can’t fit within armrests
Southwest Airlines will soon require travelers who can’t fit within the armrests of their seat to pay for an extra...
Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’
President Donald Trump said Friday that American chipmaker Intel had agreed to give the U.S. government a 10% stake, which...
Walmart recalls potentially radioactive frozen shrimp sold in 13 states
Walmart has recalled frozen, raw shrimp sold in 13 states because federal health officials say it could have potential radioactive...
Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut
The latest consumer price index report showed airfares jumped 4% in July from the prior month, reversing a slump that...
Elon Musk broadens his long-running feud with OpenAI’s Sam Altman by bringing in a third party: Apple
Elon Musk’s long-standing battle with OpenAI has a new participant: Apple.On Tuesday, Apple found itself the latest target of Elon...
This unprecedented shift in unemployment suggests AI could strand white-collar knowledge workers in a jobless recovery after the next recession
Businesses trying to do more with less have historically leaned on automation during recessions, but the advent of generative AI...
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