Staff writer at TechEchelon covering technology, markets, and policy. Jay reports on the deals, regulations, and breaking news that move the publication's core desks.
Steven Blitz, Chief U.S. Economist at GlobalData TS Lombard, suggests the possibility of needing a recession to regain control over escalating rents and medical services costs, implying that the 2% target might not be achievable without drastic measures. September's consumer price index (CPI) saw a drop to 3.
1074 DAYS AGO
CyberCX's recent report from 10 October reveals that following Israel's official war declaration on 8 October, they've tracked a change in online narratives of over 30 groups. These groups have affiliations with countries like Russia, Ukraine, India, Pakistan, and Bangladesh.
1075 DAYS AGO
The Labor Department reported a substantial 336,000 increase in nonfarm payrolls for the month, far surpassing the Dow Jones prediction of 170,000. This jump was significantly larger than the previous month's figures. The unemployment rate stood at 3.8%, a slight deviation from the anticipated 3.7%.
1080 DAYS AGO
The claimants argue separately that MGM ought to have been cognizant of the attack risks, citing preceding alerts by Okta of being recurrently subjected to similar assaults, and accuse the company of neglecting necessary steps to defend customer information.
1089 DAYS AGO
Gensler has proposed more than 40 rules, which has heightened tension among Republicans and led to increasing confrontation with financial services sectors including hedge funds, mutual funds, and trading firms.
1089 DAYS AGO
MGM Resorts was attacked by hackers last Sunday, leading to a disruption in its daily operations. Access to rooms, functioning of slot and ATM machines, and the company's website were all compromised.
1102 DAYS AGO
A decade since the initiation of the Cryptolocker attack, lax online security has allowed the ransomware trade to flourish. Criminals have developed an ecosystem where they can exchange software vulnerabilities, initiate franchises for newcomers, and establish platforms for trading access to compromised enterprises.
1105 DAYS AGO
Earlier, Arm, the chip designer under the SoftBank umbrella of Japan, announced its intention to list on the Nasdaq. It comes seven years after its $32 billion acquisition and privatization.
1119 DAYS AGO
Set for November 1-2, this groundbreaking summit aims to unite AI titans, research specialists, and governments globally. The summit's core theme will revolve around examining AI risks, particularly at its evolving forefront, and brainstorming international strategies to address these concerns.
1123 DAYS AGO
Q2 Highlights:
1124 DAYS AGO
For the fiscal year ending March 2023, the company reported revenues of $2.68 billion and a net income of $524 million. This marks a slight decrease from its 2022 revenues of $2.7 billion.
1125 DAYS AGO
The group is advocating for the Biden administration to transform the AI Bill of Rights, a blueprint of which was published last October, into official government policy governing the use of AI by federal agencies, contractors, and recipients of federal grants.
1143 DAYS AGO
Gottlieb emphasized that the not-so-distant future of medicine might witness AI systems performing duties typically carried out by medical practitioners.
1147 DAYS AGO
The findings, taken in totality, suggest that Facebook users tend to gravitate towards content that resonates with their existing views. The emergence of "echo-chambers" further enables political factions to depend on and consume information and misinformation from differing sources.
1150 DAYS AGO
The Commerce Department reported that the personal consumption expenditures (PCE) price index, excluding food and energy, saw a modest rise of 0.2% compared to the previous month, which matched the Dow Jones projection.
1150 DAYS AGO
Musk envisions X to be similar to China's WeChat, a versatile app that people use for entertainment, e-commerce, social media, and messaging.
1154 DAYS AGO
The software's robust features allow companies to invite employees, customers, or suppliers to collaborate and address their most challenging problems. It provides a platform to collect targeted ideas through submission forms that can be embedded directly into a company's intranet or website.
1158 DAYS AGO
This agreement, the company stated, will wipe out above 83% of its unsecured note maturities set for 2025 and 2027, reducing its annual cash interest expense by over $430 million for the upcoming two years.
1159 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.