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Efforts by a large section of US technology majors to subject open-source generative AI to curbs and regulations could stifle innovation across the world and likely prove counterproductive even for Washington, which has hitherto led the global race in scaling and harnessing Gen AI, said a top innovation executive. “If the attempts to squash open-source […]

Britain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for Economic Co-operation and Development forecasts which showed the country’s inflation problem widening compared with most of its peers. Britain’s headline inflation rate was set to average 7.2% over 2023, up from a previous forecast of 6.9%

Germany finds itself at a crossroads of global issues as it deals with an economic contraction, according to Peter Oppenheimer, chief global equity strategist and head of macro research EMEA at Goldman Sachs. “The predicament that the economy is facing at the moment is really down to a number of factors,” Oppenheimer told CNBC Tuesday,

Over the past several months, job cuts in the tech industry have continued to pile up, as companies adapt to a new reality and brace for an uncertain economic future. The largest companies in tech have announced major layoffs, including Google, Microsoft, Amazon, Coinbase, Crypto.com, Salesforce, and Facebook parent Meta, to name a few. Google,

Google’s experimental AI chatbot, Bard, received a less than warm reception after a promotional ad for the product featured an embarrassing factual error. This misstep, along with criticism from employees who felt the Paris reveal event was rushed and botched, caused Alphabet, Google’s parent company, to hesitate in launching the technology. During a speech at