Category Archives for "Latest Business News"

Sam Altman Warns of Risks of AI-Powered Chatbots, Discusses Education Changes and Hallucinations Problem

OpenAI CEO Sam Altman has warned that the artificial intelligence application chatbot ChatGPT can throw up some very bad outcomes.[0] Announcing the latest version, ChatGPT Plus, Altman admitted that the technology comes with real dangers and society must be very cautious.[0] Altman, who also co-founded OpenAI, believes that the technology will reshape society as we […]

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Biden Administration Calls for Strengthening Regulations on Mid-Sized Banks

The Biden administration is calling on Congress to strengthen regulations on mid-sized banks, following the collapse of Silicon Valley Bank (SVB) and Signature Bank.[0] The president believes tougher penalties should be imposed on senior bank executives whose mismanagement contributed to the failure of their institutions.[1] He also believes that if an executive is responsible for […]

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