Jamie Dimon said artificial intelligence is already being used by thousands of employees at his bank, and is likely to make dramatic improvements in workers’ quality of life, even if it eliminates some jobs. “Your children are going to live to 100 and not have cancer because of technology,” Dimon Read more…
Consumers should be spending less by now. Interest rates are up. Inflation remains high. Pandemic savings have shrunk. And the labor market is cooling. Yet household spending, the primary driver of the nation’s economic growth, remains robust remains robust. Americans spent 5.8% more in August than a year earlier, well Read more…
ZDNet calls it “a deep meditation on what can ultimately be achieved with computers” and “the single most important unsolved problem in computer science,” with implications for both cryptography and quantum computing. “The question: Does P = NP?” “Now, that effort has enlisted the help of generative AI.” In a Read more…
Heat pumps are more than twice as efficient as fossil fuel heating systems in cold temperatures, research shows. Even at temperatures approaching -30C, heat pumps outperform oil and gas heating systems, according to the research from Oxford University and the Regulatory Assistance Project thinktank… Reports have spread that they do Read more…
The New York Times reports that a “squadron of young scientists and an army of volunteers” are “waging an all-out war on a creature that threatens the health of more people than any other on earth: the mosquito.” They are testing new insecticides and ingenious new ways to deliver them. Read more…
This week the UK’s conservative Daily Telegraph newspaper published an interesting perspective from their world economy editor. “Saudi and OPEC officials self-evidently do not believe their own claim that world oil demand will keep growing briskly for another generation as if electric vehicles had never been invented, and there was Read more…
