Goldman Sachs Group Inc. (NYSE:GS) CEO David Solomon says advancements in artificial intelligence (AI) will result in an expansion of the bank’s workforce over the next ten years. Solomon shared his vision for the future of Goldman Sachs in a discussion with Bloomberg last week. Contrary to the common belief that AI might lead to job cuts,…
At Eglin Air Force Base in Florida, a test bed for a new kind of air force, Major Trent McMullen is a fighter pilot learning to fly alongside the XQ-58, a drone piloted by artificial intelligence. Think of this as “Top Gun AI.” “I’ve flown safety chase on it for several missions, messaging back and…
Some young Chinese writers are said to be “in a state of panic” over rapid advances in artificial intelligence tools like DeepSeek, as they question whether the emerging technology is a blessing or a curse. The debate was one of the key themes at a two-day conference held in Suzhou in late September – “Border…
The belief that China is a country only good at adopting technologies at scale has been a “misperception”, according to the author of The New Geography of Innovation, a recently published book that maps the rise of new tech powers around the world excluding the US. “The geography of innovation is shifting”, the book, which…
Past shutdowns have had minimal effect on the stock market or on the economy, and the bet on Wall Street is that something similar will happen again. Many professional investors expect the market to climb still more, even after a 35% surge from its low in April. That’s not to say there aren’t risks. Much…
NEW YORK (AP) — If the U.S. government’s latest shutdown can’t stop the stock market, what can? Stock prices keep rising, even as the shutdown delays important economic reports that usually steer trading. The S&P 500 and Dow Jones Industrial Average set all-time highs Friday. It’s not just Big Tech driving the market, which has…
Jeff Bezos joined Sam Altman in admitting the existence of an AI bubble—but Amazon’s founder sees upside. Recently, many AI-related companies have seen voracious optimism and spikes in valuations. In August, the OpenAI CEO told reporters the AI market was in a bubble. When bubbles happen, “smart people get overexcited about a kernel of truth,” Altman…
Amazon founder Jeff Bezos reportedly said Friday (Oct. 3) that the artificial intelligence boom is an “industrial bubble” rather than a “financial bubble,” meaning that even if the sector’s share prices collapse, the technology’s benefits will remain. Speaking at Italian Tech Week, Bezos pointed to the fiber-optic cable that outlived the dot-com crash and the…
The Amazon founder predicts that the insatiable energy demands of artificial intelligence will drive the construction of gigawatt-scale computing facilities in space, powered by constant sunlight. Jeff Bezos, the founder of Amazon and the space exploration company Blue Origin, has predicted that the next frontier for the technology industry lies beyond Earth’s atmosphere. Speaking this…
Add Amazon (AMZN) founder Jeff Bezos to the growing list of people calling Wall Street’s AI craze a bubble. During a conversation at Italian Tech Week, Bezos said the artificial intelligence hype cycle is pushing investors to spend billions on both good and bad ideas. Despite that, Bezos said he believes AI is a very…