BANGKOK - World shares rose in calm trading on Monday ahead of key U.S. economic reports, including inflation, retail sales, and unemployment updates, while Seoul’s Kospi jumped 1.2% thanks to gains in Samsung Electronics; last week’s market volatility, driven by U.S. economic slowdown fears, eased as strong earnings reports...
Michael Smith
Michael Smith is the investigative eye at BizTech Weekly, specializing in uncovering the stories behind tech startups and Silicon Valley's corporate corridors. With a decade of experience in investigative journalism and a keen sense for the next big story, Michael's work has illuminated the darker corners of the tech industry, earning him several accolades.
MIT economist Daron Acemoglu argued in an NPR interview that the current hype surrounding generative AI is unsustainable, with companies over-investing and then regretting it, as the technology is far too inadequate to cause major economic changes and struggles with many of the same challenges since ChatGPT's debut, leading...
Got an old internal drive collecting dust? Don't discard it; transform it into a portable drive using an enclosure for fast, affordable storage. Alternatively, convert it to a NAS for wireless access, or connect it to your router for network accessibility. Old drives can also become bootable OS hosts,...
Given the widespread use of facial recognition, findings by Stanford psychologist Michal Kosinski—whose AI claims to detect intelligence, sexual preferences, and political leanings with alarming accuracy—raise profound ethical questions, echoing the discredited pseudoscience of phrenology, and serve as a dire warning to policymakers about the potential for misuse and...
In a predictable move, Meta has discontinued its confusing celebrity AI clones, which were unveiled last year on Instagram, costing up to $5 million per celebrity for a mere six hours of work; these avatars, now replaced with sad AI-generated images, mark the end of a multimillion-dollar misstep, as...
A Federal Reserve Bank of Philadelphia report reveals that credit card delinquency rates in early 2024 rose to their highest since 2012, with all delinquency stages increasing and over 2.5% of card balances more than 60 days overdue, as Americans struggle with high inflation and interest rates, pushing total...
A Saurya Airlines plane crashed while taking off from Kathmandu, leaving the captain as the sole survivor, as it skidded off the runway and exploded; this incident underscores Nepal's poor air safety record, exacerbated by the challenging geography, with eight of the world's tallest mountains and difficult-to-reach airstrips, contributing...
The French government reported that acts of vandalism have disrupted multiple telecommunications lines, affecting fiber, fixed, and mobile phone services amidst the 2024 Paris Olympics preparations, with six administrative departments impacted, including Marseille, and operators like Bouygues, Free, and SFR confirming affected services; meanwhile, a national investigation into a...
Smaller stocks on Wall Street, previously overshadowed by larger rivals, are now showing significant growth, with a notable 11.5% surge in the Russell 2000 index over five days starting July 11, compared to a modest 1.6% gain for the S&P 500, driven by investor optimism about interest rate cuts,...
Google's Pixel Watch 3 may support more complications on a new watch face, with a recent leak suggesting a 41mm model featuring five complications, making it closer to the Apple Watch's capabilities; this, alongside the anticipated launch of the Pixel 9 Pro, Pixel 9, and Pixel Fold 2 at...
A deepfake video of President Joe Biden cussing out his enemies, complete with a PBS logo, went viral, prompting the broadcaster to disavow it, as skeptical viewers noted it was not fooling many people; the video, created by "Prison Mitch," highlights the growing issue of deepfakes, which have been...
Microsoft's push to get Windows laptops running Arm hardware, in partnership with Qualcomm's flagship Snapdragon X Elite chips, mirrors Apple's earlier transition, and Gordon Mah Ung's latest PCWorld YouTube video explores whether these Arm chips outperform Intel and AMD by exhaustively testing various metrics in Qualcomm-powered laptops, while also...
