Mindblown: a blog about philosophy.

  • Generative AI will impact 300 million jobs in major economies

    According to research from Goldman Sachs, the latest artificial intelligence breakthroughs could lead to the automation of a quarter of work in the US and the Eurozone. The investment bank said Monday that “generative” AI systems like ChatGPT, which can create content indistinguishable from human output, could spark a productivity explosion that would ultimately increase […]

  • The glory days of working from home are behind us

    Image: atMedia (Shutterstock) Well it was a great run. Gone are the days when you woke up two minutes before your first meeting and checked your inbox in your pajamas according to data from the Bureau of Labor Statistics, which states that the pandemic-era work-from-home boom is finally fading. According to a report from the […]

  • Bitcoin drops below $27K after CFTC files lawsuit against Binance

    Bitcoin (BTC) fell below $27,000 after the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its founder Changpeng Zhao over allegations that the exchange knowingly offered unregistered crypto derivatives products in the US, a violation of federal law. The BTC/USD trading pair on the Coinbase exchange fell to $26,525, its lowest […]

  • Lyft hires new CEO as founders step back amid competitive battle

    Lyft Inc., LYFT -2.74% struggles with competition and a battered stock price, taps a board member as CEO, and the two co-founders will step down from managing the company, the ride-sharing company said Monday. David Risher, who held management positions at Amazon.com Inc. and Microsoft Corp. before starting a non-profit children’s reading organization in 2009, […]

  • Silicon Valley Bank’s mismanagement led to failure

    Federal Reserve Vice Chairman of Oversight Michael Barr appeared before Congress last year. Photo: Ting Shen/Bloomberg via Getty Images Silicon Valley Bank was a “textbook example of mismanagement,” the Federal Reserve’s chief banking regulator will tell lawmakers this week — a key reason for the bank’s failure. Why it matters: The Fed official is one […]

  • How experts say you can have bank deposits over $250,000 insured

    The collapse of Silicon Valley Bank and Signature Bank continues to prompt scrutiny of FDIC coverage limits, which are generally $250,000 per depositor. On Friday, President Joe Biden said the FDIC could guarantee deposits of more than $250,000 if further instability occurs. However, experts say it is possible to take out more insurance for your […]

  • Publishers beat internet archive because court rules that e-book lending violates copyright – Ars Technica

    On Friday, a US district judge ruled in favor of book publishers suing the Internet Archive (IA) for copyright infringement. The IA’s Open Library Project — which works with libraries to scan print books in their collections and offer them as loanable e-books — did not have the right to reproduce 127 of the publisher’s […]

  • Disney will begin laying off 7,000 employees, CEO Bob Iger announces

    New York (CNN) Disney CEO Bob Iger said Monday his company will begin laying off staff starting this week, the first of three rounds of expected cuts following his February announcement that the company would cut 7,000 jobs. Disney’s global workforce cuts are part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations […]

  • Failure SVB is ‘textbook example’ of mismanagement’

    Less than three weeks after Silicon Valley Bank collapsed, Federal Reserve vice chairman of oversight Michael Barr will tell lawmakers on Tuesday that the collapse was a textbook example of mismanagement after the nation’s 16th lender went into receivership within days . “The failure of the SVB is a textbook example of mismanagement,” Barr testified. […]

  • Alibaba founder Jack Ma returns to China after months abroad

    Alibaba founder Jack Ma has been seen in public in China for the first time in months. The return of the billionaire could indicate that Beijing is softening its stance on the tech sector after an 18-month repression. Cost photo | Future publication | Getty Images Ali Baba founder Jack Ma has been spotted in […]

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