fstockfoto Friday’s inflation data suggests that monetary policy is having the desired effect; however, it remains too soon to determine whether reducing borrowing costs is appropriate, said Federal Reserve Bank of San Francisco President Mary Daly. Speaking to CNBC, Daly noted that growth, spending, inflation, and labor all are slowing.Continue Reading
lerbank/iStock via Getty Images Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is working on a product that can be used to create customizable chatbots modeled on celebrities, similar to the ones offered by Meta (META) and startup Character.AI, The Information reported citing two sources with direct knowledge of the project. The Gemini AI-powered chatbots,Continue Reading
hapabapa Amazon (NASDAQ:AMZN) is working on an artificial intelligence chatbot to compete with OpenAI’s ChatGPT and Chief Executive Andy Jassy is personally involved in the project, Business Insider reported. Amazon shares fell 1% in late trading on Monday. The project, known internally as “Metis,” would create a chatbot that couldContinue Reading
imaginima/iStock via Getty Images ByteDance (BDNCE), the Chinese firm that owns TikTok, is collaborating with Broadcom (NASDAQ:AVGO) on an advanced AI chip with the aim of securing a stable supply of high-end chips and lowering procurement costs amid China-U.S. trade tensions, two sources told Reuters. Manufacturing of the 5 nanometerContinue Reading
