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US inflation data unlikely to alter Fed plans to hold rates steady
Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve, which is widely expected to leave its key lending rate unchanged and lower the number of cuts it has penciled in for this year.
UK economy stagnates heading into general election
Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday ahead of the country's general election next month. Britain had emerged from a short-lived recession with growth in the first quarter of this year.
Nigeria's dyed cloth traders feel heat from China, inflation
Despite the rain pelting Balogun market in Lagos, Ajoke takes her time choosing the tie-dye fabric known as adire that she wants to give as a gift. - Competition and crisis - Adire fabric is produced using the tie-dye technique.
'Selective' UAE courting US, not China, on AI: minister
The United Arab Emirates is in "complete alignment" with the US on developing artificial intelligence, the oil-rich country's AI minister told AFP, confirming a shift away from China.
Asian markets stutter as investors fret ahead of US releases
Worries about upcoming US inflation data and the Federal Reserve's outlook for interest rates permeated Asian trading floors Wednesday, while the euro continued to struggle owing to political uncertainty in Europe fuelled by shock EU election results.
ChatGPT a mentor for Japan's 89-year-old app developer
Japanese 89-year-old Tomiji Suzuki started coding in retirement and is now making apps for the fast-growing elderly demographic, using ChatGPT to fine-tune his skills. As in other developed economies, the plummeting birth rate has raised fears of a looming demographic crisis with not enough workers to support the growing ranks of retired.
Oil and gas industry hops on generative AI bandwagon
Away from the Microsoft and Googles of the world, a century-old industry -- oil and gas -- is hoping that generative artificial intelligence will make producing petroleum more efficient and easier on its workforce.
Elon Musk drops lawsuit against OpenAI and Sam Altman
Elon Musk on Tuesday dropped his lawsuit against OpenAI and its co-founders Sam Altman and Greg Brockman for betraying the startup's founding mission. In a California court, Musk had accused the AI firm he helped set up in 2015 of breaching a commitment to creating artificial intelligence that benefits society when it became a for-profit enterprise backed by Microsoft. gc/arp
Google to test AI phone theft features in Brazil
Google said Tuesday it has chosen Brazil, a country where nearly two cellphones are pilfered every minute, to test a new Artificial Intelligence system to automatically block stolen Android smartphones. "Brazilian user feedback inspired these anti-theft features, and the country will be the first to test them out," said Google.
AFP
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