The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
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AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
Artificial intelligence is a "momentous development," said George Lee, co-chairman of the global technology, media and telecom group at Goldman Sachs.
"As awesome as the internet has been, it will be best remembered as really the predicate for machine learning," said Lee, who's also chief information officer of Goldman's investment banking division. He appeared on CNBC's "Squawk Alley" on Wednesday from Goldman's Builders + Innovators Summit in Santa Barbara, California.
The internet enabled computing scale in a network and serves as a way to "collect data that's used to train all these algorithms," Lee said, predicting machine learning will "change our world … and even the course of our species in ways that are hard to predict today."
Analyzing data is "one of the magic pieces" of machine learning, he said.
But artificial intelligence should not be viewed as a glimpse of the future, Lee contended. "In Silicon Valley, it's a glimpse of the present," as firms rush to create faster and powerful technology to support machine learning.