We are still some way off reaching human-level artificial intelligence despite rapid advances in the technology, an early investor in DeepMind told CNBC.Story Published at: May 04, 2023 at 12:59PM
‘We’re not at the moon yet’: Human-like A.I. is still some way off, early investor in Google’s DeepMind says
Samsung union threatens first strike in company’s history as pressure mounts after profit plunge
Samsung is facing a testing time after its operating profit in the first quarter plunged to its lowest level since 2009 on weak memory chip demand. Story Published at: May 04, 2023 at 02:01PM
European Central Bank raises rates by 25 basis points, slowing the pace of hikes
The European Central Bank announced a new rate decision as inflation remains well-above its target.Story Published at: May 04, 2023 at 01:15PM
False flag? Analysts says Russia ‘likely staged’ Kremlin drone attack it blamed on Ukraine and the West
Speculation is mounting that Russia staged a drone attack on the Kremlin that it blamed on Ukraine Wednesday.Story Published at: May 04, 2023 at 12:01PM
Novo Nordisk cuts some U.S. supply of Wegovy obesity drug as demand soars
Novo Nordisk said Thursday that it was cutting the supply of some doses of its popular obesity drug in the U.S. as it struggles to keep up with surging demand.Story Published at: May 04, 2023 at 11:55AM
Oil giant Shell beats expectations with $9.6 billion in first-quarter profit
British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.Story Published at: May 04, 2023 at 07:12AM
Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices
The beer industry demonstrated “resilience even in the context of an ongoing inflationary environment,” the biggest brewer in the world said. Story Published at: May 04, 2023 at 07:10AM
European Central Bank set to slow rate hikes as financial conditions tighten rapidly
The new economic figures both strengthen the case for the ECB to only hike rates by a smaller amount at is policy meeting.Story Published at: May 04, 2023 at 06:22AM
Auto giants are setting their sights on a new growth market for EVs: India
Companies like Audi, Volvo Cars and Stellantis are looking to establish a foothold in a market already home to some big India-based players. Story Published at: May 04, 2023 at 06:20AM
Spain’s drought has pushed olive oil prices to a 26-year high — and they’re expected to stick
Olive oil prices have hit record levels, thanks to a prolonged drought in top producer Spain — and the elevated prices are expected to stay for some time.Story Published at: May 04, 2023 at 06:27AM