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Investment bankers are being singled out in a new report by nonprofit ShareAction that targets a planned framework

Global temperatures are likely to temporarily breach the 1.5C of warming threshold for at least one of the

OpenAI CEO Sam Altman has sounded his fears about AI-powered election interference, telling a congressional hearing on Tuesday that the technology needs to be regulated to protect voting integrity. Artificial intelligence chatbots like his company’s ChatGPT were a “significant area of concern”, Mr Altman told the Senate Judiciary Subcommittee on Privacy, Technology and the Law “I am nervous about it,” he said about elections and AI, adding rules and guidelines are needed. For months, companies large and small have raced to bring increasingly versatile AI to market, throwing endless data and billions of dollars at the challenge. Some critics fear the technology will exacerbate societal harms, among them prejudice and misinformation, while others warn AI could end humanity itself. “There’s no way to put this genie in the bottle. Globally, this is exploding,” said Senator Cory Booker, one of many lawmakers with questions about how best to regulate AI. Senator Mazie Hirono noted the danger of misinformation as the 2024 election nears. “In the election context, for example, I saw a picture of former President Trump being arrested by NYPD and that went viral,” she said, pressing Altman on whether he would consider the faked image harmful. Mr Altman responded that creators should make clear when an image is generated rather than factual. Speaking before Congress for the first time, Mr Altman suggested that, in general, the US should consider licensing and testing requirements for development of AI models. Mr Altman, asked to opine on which AI should be subject to licensing, said a model that can persuade or manipulate a person’s beliefs would be an example of a “great threshold.” He also said companies should have the right to say they do not want their data used for AI training, which is one idea being discussed on Capitol Hill. Mr Altman said, however, that material on the public web would be fair game. Mr Altman also said he “wouldn’t say never” to the idea of advertising but preferred a subscription-based model. The White House has convened top technology CEOs including Mr Altman to address AI. US lawmakers likewise are seeking action to further the technology’s benefits and national security while limiting its misuse. Consensus is far from certain. An OpenAI staffer recently proposed the creation of a U.S. licensing agency for AI, which could be called the Office for AI Safety and Infrastructure Security (OASIS). OpenAI is backed by Microsoft. Mr Altman is also calling for global cooperation on AI and incentives for safety compliance. Christina Montgomery, International Business Machines Corp chief privacy and trust officer, urged Congress to focus regulation on areas with the potential to do the greatest societal harm. Gary Marcus, a Professor Emeritus at New York University, was also on the panel, and expressed his concerns about the rapid development of artificial intelligence. “We have built machines that are like bulls in a china shop: Powerful, wreckless and difficult to control,” he said. Senator Blumenthal responded by saying it was more like “a bomb in a china shop”. Additional reporting from agencies. Read More ChatGPT is finally connected to the web after huge OpenAI update Regulation ‘critical’ to curb risk posed by AI, boss of ChatGPT tells Congress Watch as OpenAI CEO faces questions from Congress on potential AI regulation Sam Altman testifies before Congress saying there is ‘urgent’ need for regulation

Tencent Holdings Ltd. grew revenue at its fastest pace in more than a year, fueling hopes the world’s

SHANGHAI/BEIJING BYD Co Ltd may be China's biggest electric vehicle maker by a country mile but it knows

Elon Musk faced backlash for arguing that people who worked from home were “morally wrong” because it was unfair to those who could not work remotely. In an interview with CNBC’s David Faber on Tuesday, Mr Musk described the people working remotely as “laptop classes”, saying that the issue extended beyond productivity concerns. He likened the concept of working from home to a quote often attributed to Marie Antoinette, the last queen of France before the French Revolution. “I think that the whole notion of work from home is a bit like the fake Marie Antoinette quote, ‘Let them eat cake’,” Mr Musk said. “It’s not just a productivity thing. I think it’s morally wrong.” Mr Musk criticised the hypocrisy of expecting service industry workers to go to work while others had the privilege of working from home. “Get off the goddamn moral high horse with the work-from-home bulls**t,” he said. “People building the cars, servicing the cars, building houses, fixing houses, making the food, making all the things that people consume. It’s messed up to assume that, yes, they have to go to work, but you don’t” he said. “It’s not just a productivity thing, I think it’s morally wrong.” The tech mogul has been a fierce advocate of return-to-office policies. He imposed a strict policy in Tesla in June 2022, warning employees that they would lose their jobs if they did not comply. The policy required employees to spend a minimum of 40 hours in the office a week and anything less would be “phoning it in”. “The laptop class is living in la-la land,” he said. Mr Musk’s comments on work-from-home culture generated a divided response on the internet, with many lashing out at him. “Being one of the world’s richest man, @elonmusk sounded tone deaf when he himself expects ppl to eat cake rather than share his wealth. @davidfaber just sounds like a boomer with his ‘productivity’ whining. Ppl are as productive and engaged working from home - if not more,” a Twitter user said. Another user, Lora Kolodny, pointed to another CNBC report which said Tesla will carve out deals for “exceptional” employees amid the company’s hardline policy to return to work. The report, which cited sources, said Tesla was struggling to bring all its employees back to the office due to a lack of resources. “Uhhh - REALLY!? Because as far as I know, Tesla and Twitter under Musk’s management will grant ‘exceptional’ employees right to work from home. Memba this?” Ms Kolodny said. In the hour-long interview, Mr Musk also said he did not care for the consequences of his unfiltered and unabashed views on Twitter even if it meant incurring financial losses. “I’ll say what I want to say, and if the consequence of that is losing money, so be it,” he said. He added that Twitter will attempt to rehire some of its staff after dramatically firing employees following his controversial takeover of the microblogging platform. He acknowledged that the job cuts were too deep. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Mr Musk said, adding there is a possibility of rehiring people who were let go. Read More Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed Elon Musk subpoenaed by US Virgin Islands in Jeffrey Epstein lawsuit Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter AI pioneer warns UK is failing to protect against ‘existential threat’ of machines Elon Musk announces Linda Yaccarino as new CEO of Twitter How Elon Musk may have hired his biggest critic

XRP, the native token of Ripple Labs Inc.’s blockchain ecosystem, jumped the most in about seven weeks after

By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was

TOKYO (Reuters) -Japan's Prime Minister Fumio Kishida plans to meet with top executives from global semiconductor companies as early as

Elon Musk on Tuesday said a new Twitter chief executive will let him devote more time to Tesla, but that he will continue to tweet his unfiltered thoughts...

Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison

Retail investing in unbacked cryptoassets like Bitcoin should be regulated like gambling because they are highly volatile and