Category: Uncategorized
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Fed’s Zelle-like instant payment system to go live in July, hundreds now testing
The US Federal Reserve (Fed) is preparing to launch a new financial network that would eliminate any wait time for sending and receiving payments. The system is now being tested by more than 100 market participants. The FedNow Service, which has been in pilot since Jan. 2021, is planned to launch in July. “It’s a game…
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Tech bigwigs: Hit the brakes on AI rollouts
More than 1,100 technology luminaries, leaders, and scientists have issued a warning against labs performing large-scale experiments with artificial intelligence (AI) more powerful than ChatGPT, saying the technology poses a grave threat to humanity. In an open letter published by Future of Life Institute, a nonprofit organization with the mission to reduce global catastrophic and existential risks to humanity, Apple…
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Pausing AI development is a foolish idea
A group of influential and informed tech types recently put forward a formal request that AI rollouts be paused for six months. I certainly understand concerns that artificial intelligence is advancing too fast, but trying to stop it in its tracks is a recurring mistake made by people who should know better. Once a technology…
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As US moves to regain microchip leadership, some say it never left
Over the past two years, microchip shortages highlighted America’s reliance on foreign suppliers, and spurred passage of the CHIPS Act, which earmarks tens of billions of dollars as incentives for chipmakers to build new fabrication plants in the US. But remaking well-established manufacturing supply chains — notably in Asia — is a Herculean task, and “companies…
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Should we fear the rise of artificial general intelligence?
Last week, a who’s who of technologists called for artificial intelligence (AI) labs to stop training the most powerful AI systems for at least six months, citing “profound risks to society and humanity.” In an open letter that now has more than 2,100 signatories, including Apple co-founder Steve Wozniak, tech leaders called out San Francisco-based…