Share to Twitter Share to Linkedin Investors were on edge at the start of the week as concerns mounted about the health of the stock market rally ahead of the FOMC meeting and earnings from four tech giants. Many think that the January move higher in stocks was just a bear market rally even though the S&P 500 gained an impressive 6.18% while the Nasdaq Composite rose 10.7%. Many Wall Street strategists , who on average looking for stocks to close below current levels in 2023, think a recession is inevitable and that earnings valuations are too high. Stocks reflected the nervousness on Monday as they had the largest drop of the month with the Nasdaq 100 losing 2.1%. Apple AAPL , Inc. (AAPL) and Microsoft MSFT (MSFT) led the decline. This reassured the stock market bears as Morgan Stanley commented “We think the recent price action is more a reflection of the seasonal January effect and short covering after a tough end to December and a … [Read more...] about Tech Rally Scares Bears, Should It?
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Representative Image The realm of Artificial Intelligence (AI) and Machine Learning (ML) has grown by leaps and bounds. As various industries remain curious about the applications of AI, it is only a matter of time before the workforce is augmented by it. According to an International Data Corporation (IDC) forecast, worldwide business spending on AI is expected to reach $500 billion by the end of 2023. Why is it important? We have to remember that the intelligence of an AI model is determined by what is taught by humans. The data sets used to teach AI models are inherently biased, and we must abide by guidelines to keep them in check. Read More The first step would be studying the effect of AI on human behaviour, whether positive or negative. Therefore, we must ensure that the system does not discriminate when providing information and that the information is free from bias and is accurate. Should big organisations care about AI principles too? … [Read more...] about MC Explains | What are Artificial Intelligence ethics?
Share to Twitter Share to Linkedin Seattle Sounders defender Alex Roldan sank to the turf, head in hands in disappointment after inadvertently deflecting Mohamed Afsha’s volley past goalkeeper Stefan Frei. The goal, credited to Afsha, was enough to give Al Ahly the win and see them advance to the semifinal of the FIFA Club World Cup at the Sounders expense—with the added reward of a matchup against storied European champions, Real Madrid. As referee Anthony Taylor blew the final whistle, the players and staff on Al Ahly’s bench streamed onto the pitch in celebration. The crowd erupted, with the most concentrated celebrations coming from a group of hardcore Ahly supporters behind one of the goals. It was as if a cup final had been won, while Roldan’s reaction was as if one had been lost. Outside of the European soccer bubble, maybe this tournament means something after all. It was certainly meaningful for Seattle Sounders, and arguably for American … [Read more...] about What Does Seattle Sounders Club World Cup Defeat Mean For US Soccer?
Share to Twitter Share to Linkedin In the closing months of 2020 as the horrid lockdowns related to the coronavirus began to ease, the American people started to live again. With restaurants in some cities re-opened for – gasp – actual dining, husbands and wives even started going out to dinner again. Amid this substantial exhale, the cost of babyitting services soared. Not only could babysitters charge more per hour, they could demand more perks while on the job. Was this indicative of “inflation”? Not remotely. If parents are paying more for babysitters, then logic dictates they have fewer dollars for nights out at dinner. Economics is about trade-offs, though you wouldn’t know it from reading the newspapers. A recent Wall Street Journal headline went like this: “Pay Gains Shrink In New Sign Of Easing Inflation.” The assumption made in the headline and in the front-page article’s body was that more money in people’s pockets as it were had been … [Read more...] about Opposite What Economists Believe, Rising Wages Signal Easing Inflation
President Donald Trump’s nominee for attorney general fielded questions from the Senate Judiciary Committee on January 15. A 22-member committee grilled William Barr for over seven hours, asking for his thoughts on a number of issues facing the government. His comments about marijuana during his confirmation hearing caused the ETFMG Alternative Harvest ETF ( MJ ) to fall over 3%. Prominent marijuana producers like Cronos Group Inc. ( CRON ) and Canopy Growth Corp. ( CGC ) ended the day lower. Relief for Marijuana States If Barr is confirmed as the successor to Matthew Whitaker, the former Attorney General to George H.W. Bush said his Justice Department will “not go after” marijuana companies that operate in states where the drug has been legalized. The nominee said he disagreed with former Attorney General Jeff Sessions’ decision to rescind the Cole Memorandum in January 2018. Instead, Barr vowed to uphold the directive issued under the Obama administration that … [Read more...] about What Does Trump Attorney General Nominee William Barr Think of Marijuana?
Share to Twitter Share to Linkedin If you’re like many people this time of year, your New Year’s resolutions might have become a distant memory in a little over a month. How many times have you resolved to improve your work habits and set career goals? Or how often have you promised to eat healthier, lose weight or exercise more? Then a month down the road, your vows go down the drain. You’re not alone. It’s easy to let your intentions slide when you have so much on your plate. The Neuroscience Of Reaching Your Goals Neuroscience shows that your brain doesn’t register goals unless it’s clear about what you intend to do. The good news is there’s a tool that can help you stay on track. It’s called the if-then plan —a self-made strategy that keeps you from getting sidetracked by identifying predetermined actions you will take when a specific situation occurs. Making an advanced decision builds habits that help you stick to the action part of a challenging … [Read more...] about Try This When Your New Year’s Career Goals Go Down The Drain
(Image Courtesy: Microsoft) Microsoft has added OpenAI tech to Teams as part of its premium subscription plan. Powered by OpenAI's GPT-3.5, the same language model that powers ChatGPT, the new features aim to cut down routine administrative work during meetings. Intelligent Recap will automatically generate notes throughout the meeting, give you a list of recommended tasks based on the meeting, and even show you personalised highlights for each individual team member. If you happen to miss the meeting, you can still browse through the notes and highlights. Intelligent Recap will also make AI-generated chapters so that you don't have to scrub through the entire meeting again to find what you want. It will also integrate into PowerPoint Live meeting recordings. Also Read | Satya Nadella on how Microsoft Teams Premium is making meetings ‘more intelligent’ Your meeting transcripts will also include AI-generated chapters as well. Read More With Personalised … [Read more...] about Microsoft fires up Teams with OpenAI features
(Image Courtesy: Microsoft) Microsoft has completely redesigned the interface of its communications client Skype, giving it a visual overhaul and introducing some new features. There are now colourful headers, and a ton of themes to choose from that support both light and dark modes. The set-up process has also received a do-over with new illustrations and animations. Microsoft is also introducing more accessibility options with updated colour themes for low-vision users. The calling experience on the mobile app has been bought in line with the updates rolled out on desktop. Mobile users will now be able to see custom backgrounds and light themes during a call. The Redmond-based technology giant says it has also streamlined the experience by making technical improvements for mobile. Read More Microsoft will update the video call experience more in the future, allowing video to scale seamlessly despite the number of people on a call. There is now a … [Read more...] about Microsoft updates Skype with new look, real-time translation and more
ChatGPT is better used for playacting than playing at finding facts. (Photo: Pixabay/Pexels) By Jonathan May, University of Southern California It doesn’t take much to get ChatGPT to make a factual mistake. My son is doing a report on U.S. Presidents, so I figured I’d help him out by looking up a few biographies. I tried asking for a list of books about Abraham Lincoln and it did a pretty good job: When I asked ChatGPT if it was sure I was not lying, it claimed that it’s just an “AI language model” and doesn’t have the ability to verify accuracy. However it modified that claim by saying, “I can only provide information based on the training data I have been provided, and it appears that the book ‘William Henry Harrison: His Life and Times’ was written by Paul C. Nagel and published in 1977.” Read More This is not true. Words, not facts It may seem from this interaction that ChatGPT was given a library of facts, including incorrect claims about … [Read more...] about ChatGPT is great – you’re just using it wrong
(Image Courtesy: Microsoft) The European Union (EU) has issued a formal antitrust warning to Microsoft over the $69 billion Activision Blizzard deal. The EU sent Microsoft a "statement of objections" on why the deal could threaten competition in the video games market, US-based Politico has reported. In response, Microsoft said that it was "listening carefully to the European Commission's concerns" and were confident that it could "address them". The Redmond-based technology giant said that it was committed to, "finding a path forward" so that it can close the deal. This is just the latest roadblock in what has been a rocky road for Microsoft to push the deal through. Also Read | Maybe Apple’s weakness isn’t just supply chain woes Read More In December 2022, the US Federal Trade Commission (FTC) filed a lawsuit against Microsoft to stop the merger. The FTC brought up many of the same objections that the EU was concerned with. The bone of … [Read more...] about EU issues antitrust warning against Microsoft’s Activision Blizzard deal