The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate. The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, Read more…
Commentary, video, and a publication in this week’s Nature Neuroscience herald a significant advance in brain-computer interface (BCI) technology, enabling speech by decoding electrical activity in the brain’s sensorimotor cortex in real-time. Researchers from UC Berkeley and UCSF employed deep learning recurrent neural network transducer models to decode neural signals Read more…
Microsoft Chief Technology Officer Kevin Scott has predicted that AI will generate 95% of code within five years. Speaking on the 20VC podcast, Scott said AI would not replace software engineers but transform their role. It doesn’t mean that the AI is doing the software engineering job…. authorship is still Read more…
Online scam operations across Southeast Asia are rapidly adapting to recent crackdowns, adopting AI and expanding globally despite the release of 7,000 trafficking victims from compounds along the Myanmar-Thailand border. These releases represent just a fraction of an estimated 100,000 people trapped in facilities run by criminal syndicates that rake Read more…
India is set for a surge in tech startup IPOs valued at around $100 billion by 2027, with major players like Flipkart, PhonePe, and Oyo preparing to go public. A report from Indian investment bank The Rainmaker Group suggests that the new wave of IPO hopefuls is in a stronger Read more…
Economic models have systematically underestimated how global heating will affect people’s wealth, according to a new study that finds 4C warming will make the average person 40% poorer — an almost four-fold increase on some estimates. The study by Australian scientists suggests average per person GDP across the globe will Read more…
Credit card interest rates, which averaged 23% in 2023, are significantly higher than any other major loan product primarily due to non-diversifiable default risk and banks’ market power, according to research published by the Federal Reserve Bank of New York. The comprehensive study, which analyzed 330 million monthly credit card Read more…