Author: News Room

China proposed new checks on artificial intelligence chatbots on Tuesday, in an effort to control how its tech industry rolls out generative AI models, as popularised by ChatGPT in the US. Hours after tech giant Alibaba followed its peers SenseTime and Baidu with the launch of a ChatGPT-like bot, China’s powerful internet regulator released draft measures likely to slow Alibaba’s rollout, citing chatbots’ potential for “social mobilisation”. The Cyberspace Administration of China proposals said providers would have to submit their products for security reviews before their public release and it would set up a database to register them. The regulator…

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The city of Hong Kong is continuing its push for Web3 and crypto adoption, despite volatility in the market and regulatory crackdowns elsewhere, Hong Kong’s Financial Secretary Paul Chan has confirmed.In a blog post published on the Financial Secretary’s official website on Sunday, Chan said that that Web3 – referred to as “the digital economy and the third -generation Internet” – has been identified as one of three major focus areas for promoting high-quality development in Hong Kong.Despite recent market volatility, Hong Kong’s financial chief said he remains optimistic about the future of Web3. He added that now is a…

Alibaba showed off its answer to the ChatGPT craze on Tuesday, demonstrating new software that it plans to eventually roll out across all its platforms. The Chinese tech giant unveiled Tongyi Qianwen, a large language model that will be embedded in its Tmall Genie smart speakers and workplace messaging platform DingTalk. It was trained on vast troves of data in order to generate compelling responses to users’ prompts. The technology will initially be integrated into those two products and eventually added to all Alibaba (BABA) applications, from e-commerce to mapping services, according to the company. Group CEO Daniel Zhang, who…

Life expectancy in the U.S. is between three and five years lower than the average in other high-income countries — and the gap comes in part from misinformation, Food and Drug Administration Commissioner Dr. Robert Califf said.”It’s looking worse, not better, over the last several years,” Califf told CNBC in an interview Thursday at the agency’s headquarters in Silver Spring, Maryland.It’s not just the Covid pandemic contributing to the decline, he said, pointing out the gap with peer nations is widening. Califf said a new factor has joined the list of known causes of life-expectancy disparities like race, ethnicity, income…

One of the first financial calculations I did with my father in the early 1980s was regarding the decision of a home purchase. The question we addressed was should the person pay cash or get a mortgage. We did the calculation using Lotus 1-2-3, a better spreadsheet program than VisiCalc, and the precursor to Microsoft Excel. We kept adding feature after feature to the analysis. Your cash would be put in a taxable account. You would have to pay tax on interest, dividends, and capital gains. Assuming you itemized, you would receive a mortgage interest tax deduction. We had to…

As 2023 dawned it seemed the used-vehicle market was finally settling back down to some degree of normalcy after a pandemic’s worth of events fell into place like the components in a Rube Goldberg invention to drive up prices precipitously. Used-car prices that climbed by a whopping 45% from June 2020 to June 2021 fell by 8.8% over the 12-month period ending this past December, which seemed like good news for shoppers. Unfortunately, experts caution that the roller coaster ride is expected to continue with regard to pre-owned vehicle prices. The just-released Manheim Used Vehicle Index suggests that prices of…

Electronic Arts stock (NASDAQ NDAQ : EA) is up 7% in the last two months and looks like it has more room for growth. EA stock has risen from $117 in early February to $125 now. This performance compares with a -0.3% return for the broader S&P500 index. Looking at a slightly longer term, EA stock is up 16% from levels in late 2019. This can be attributed to 1. a 47% rise in Electronic Arts revenue to $7.3 billion, 2. its average shares outstanding falling 8% to 274 million, partly offset by 3. the company’s P/S ratio, which plunged…

(Bloomberg) — Traders raised the odds of another quarter-point rate increase by the Federal Reserve in May in the wake of strong employment data released Friday during a holiday-shortened session. Swap contracts referencing Fed meeting dates repriced to levels indicating more than 80% odds of the US central bank raising its policy rate range to 5%-5.25% on May 3. The May contract’s rate increased to just over 5.03%, a level 20 basis points higher than the effective policy rate has been since the last increase. The repricing accompanied a move higher in Treasury yields to their highest levels in several…

By Peter Nurse Investing.com – The U.S. dollar slipped lower in early European trade Tuesday, handing back some of the previous session’s gains amid uncertainty over the future path of the Federal Reserve’s rate-hiking cycle. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 102.013, having risen 0.4% last session, bouncing off a two-month low last week. Friday’s official jobs report, released on the Good Friday holiday, had given the greenback a boost as it showed a resilient labor market, with increasing by 236,000 jobs last month,…