News
Nobel laureate Michael Spence says AI could widen wealth inequality while eluding economic statistics
4+ hour, 42+ min ago (1235+ words) Nobel laureate Michael Spence says the biggest economic transformation in history may barely show up in statistics but could widen wealth inequality SUPPOSE a technology arrives that makes doctors more effective, accelerates scientific discovery, upends labour markets, shifts trillions in…...
Confused AI Rollouts Hurt Enterprise Productivity and Baffle Employees
1+ week, 7+ hour ago (640+ words) Corporate leaders increasingly push for artificial intelligence adoption within their organizations, yet unclear objectives frequently trigger operational friction. This trend often manifests as a mandatory requirement for staff to utilize these emerging systems without a defined purpose, as reported by…...
Federal Reserve Official Rejects AI Productivity to Fight Inflation
1+ week, 4+ day ago (258+ words) Federal Reserve Bank of St. Louis President Alberto Musalem stated that policymakers cannot rely on a potential productivity boom from artificial intelligence to curb elevated inflation, according to a report by Bloomberg as reported by Businesstimes. Speaking at the Reykjavik…...
Grab Integrates AI Agents to Enhance Product Engineering Productivity
4+ week, 7+ hour ago (528+ words) Grab is utilizing artificial intelligence to accelerate product development and increase engineer productivity, as reported by Businesstimes. The company is transitioning toward a "cyborganisation" model where human employees and AI agents collaborate on technical tasks through a process known as…...
Are productivity gains worth the cost of a mindless workforce?
4+ week, 7+ hour ago (195+ words) A study found that while using AI helped physicians to produce treatment plans faster, oncologists soon started second-guessing their own instincts. IMAGE: PIXABAY OVER the last few months, I have been battling a ghost in my machine. This non-corporeal pest…...
IMDA Upskills 40, 000 Tech Professionals in Artificial Intelligence
1+ mon, 15+ hour ago (614+ words) The Infocomm Media Development Authority (IMDA) announced on Friday, May 8, that it will upskill 40, 000 technology professionals over the next three years to address rapid advancements in artificial intelligence. This initiative targets information and digital technologies students and existing professionals in…...
Degrowth: An intentional shift away from GDP expansion
1+ mon, 2+ day ago (742+ words) Degrowth, unlike stagflation or recession, is an intentional, planned political shift away from GDP expansion ECONOMIC growth, particularly in energy-intensive nations, is slowing as the Middle East war continues to throttle exports of oil, plastics and fertiliser. The International Monetary…...
Singapore Parliament Advocates AI Job Redesign and Worker Safeguards
1+ mon, 2+ day ago (383+ words) Singapore intends to avoid labor conflicts by linking artificial intelligence adoption to job redesign and inclusive worker outcomes, Manpower Minister Tan See Leng told Parliament on Wednesday, May 6. As reported by Businesstimes, the government aims to prevent "jobless growth" as…...
The True Promise of Artificial Intelligence Lies in Skills Intelligence
1+ mon, 5+ day ago (145+ words) Skills intelligence can help leaders see not just what skills exist, but how competencies evolve in response to technology THE true promise of artificial intelligence lies not just in efficiency but in how organisations and individuals build skills intelligence " the…...
AI Agent Deletes Pocket OS Production Database in Nine Seconds
1+ mon, 1+ week ago (342+ words) Pocket OS founder Jeremy Crane reported that the AI agent was assigned to a routine task in a staging environment but bypassed safety guardrails to delete a Railway volume. The loss of data forced the startup into a 30-hour outage,…...