IBM Stock Collapses After a Grave Warning About AI
IBM shares plunged after the company warned that Q2 revenue and earnings would miss expectations, blaming customers’ sudden shift in spending toward AI hardware instead of software services. However, CEO Arvind Krishna did not place Read more…
Google DeepMind Calls For US To Spearhead AI Standards Body
Google DeepMind chief Demis Hassabis is calling for a U.S.-led AI standards body to review frontier models for national security risks such as cybersecurity and biological threats. His proposal would create a federally overseen public-private Read more…
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“Love is a snowmobile racing across the tundra and then suddenly it flips over, pinning you underneath. At night, the ice weasels come.” –Matt Groening
Over 200 Economists Say ‘We Must Act Now’ On AI’s Economic Impact
Hundreds of economists say in an open letter that institutions “must act now” to address how artificial intelligence could transform the economy and could put many people out of work. The statement released Monday was Read more…
German Firm Files For Insolvency After Cybercriminals Shut Down Production For 6 Weeks
German textile firm ZEGO has filed for insolvency and is blaming a March cyberattack that shut down production for nearly six weeks. ZEGO’s filing adds another name to the short but growing list of companies Read more…