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The battle for artificial intelligence supremacy has taken a new turn, and it’s raising major concerns about intellectual property, competition, and the future of AI development.
In the ever-evolving world of artificial intelligence, the stage has been dominated by Western giants like OpenAI, Google, and Meta.
(Why this could be the start of a new era for AI tools)
In a rapidly evolving digital landscape, privacy and data usage are hot topics—and LinkedIn, Microsoft’s business-focused social media platform, is at the center of the latest debate.
More in finance
Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. FOMC Statement: maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments. emphasis added
Plus! AI Price Discrimination; Openness; Disclosure; Arbitrage; Meta
From the BEA: Gross Domestic Product, 4th Quarter and Year 2024 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent. Real GDP increased 2.8 percent in 2024 (from the 2023 annual level to the 2024 annual level), compared with an increase of 2.9 percent in 2023. The increase in real GDP in 2024 reflected increases in consumer spending, investment, government spending, and exports. Imports increased. emphasis added PCE increased at a 4.2% annual rate, and residential investment increased at a 5.3% rate. The advance Q4 GDP report, with 2.3% annualized increase, was below expectations. I'll have more later ...
The battle for artificial intelligence supremacy has taken a new turn, and it’s raising major concerns about intellectual property, competition, and the future of AI development.
