Technology
FTC refers Snap complaint alleging its chatbot harms young users
The Federal Trade Commission on Thursday announced it had referred a complaint against Snap Inc. to the Department of Justice, alleging the social media company’s AI-powered chatbot is harmful...
Surprise Asian central bank moves show impact of US dollar rampage
A SURPRISE interest-rate cut in Indonesia and signs the Reserve Bank of India may be willing to loosen its tight grip on the rupee may be an indication that...
American Express to pay US$230 million to settle US charges over deceptive sales practices – The Business Times
AMERICAN Express said on Thursday (Jan 16) it will pay about US$230 million to settle US criminal and civil probes into alleged deceptive practices in selling credit card and...
Chanel, Prada added to Walmart inventories as part of Rebag partnership – The Business Times
WALMART is partnering with luxury reseller Rebag to sell pre-owned handbags, jewellery and accessories online as the retailer looks to attract wealthy shoppers and fashion enthusiasts.The goods from brands...
Schroders to cut 3% of workforce in bid to revive growth
SCHRODERS plans to cut as much as 3 per cent of its workforce, as new chief executive officer Richard Oldfield looks to revive the UK’s largest standalone asset manager....
Microsoft bets Office subscribers will pay 30% more for AI tools – The Business Times
MICROSOFT is raising the price of its package of Office apps for consumers, a bet that subscribers will be willing to cough up more for access to new artificial...
Larger language models are not necessarily better as companies seek returns on AI investments
Small language models – streamlined versions of larger ones – are expected to gain popularityLARGE language models (LLMs) – artificial intelligence (AI) systems such as ChatGPT that process vast...
US: S&P 500 opens slightly higher with focus on earnings, economic data
THE benchmark S&P 500 opened slightly higher on Thursday (Jan 16) following strong gains in the previous session, as investors assessed softer-than-expected retail sales data and a set of...
