Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Sens. Mitch McConnell and Tim Kaine plan to introduce a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Silicon Valley argues that the public market investors focus too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Restaurants are thinking outside the box to attract and retain talent. A report from TDn2K, a restaurant analytics firm, finds that employee vacancies are a major concern for...Restaurantsread more
Forty percent of customers will choose a center to shop at based solely on the food that's there, JLL found in a new study. And nearly 38% of people want healthy options when...Retailread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
Elon Musk has made an ominous warning about artificial intelligence (AI), suggesting it could be the cause of a third world war.
His comment was in response to Russian President Vladimir Putin who said Friday that the first global leader in AI would "become the ruler of the world."
"China, Russia, soon all countries w strong computer science. Competition for AI superiority at national level most likely cause of WW3 imo (in my opinion)," the Tesla and SpaceX CEO tweeted Monday.
Putin said that the development of AI raises both "colossal opportunities" and "threats that are difficult to predict."
"Whoever becomes the leader in this sphere will become the ruler of the world," he said at a meeting with students on Friday.
The United States is generally considered to be the nation leading the charge towards AI currently, with tech giants like Google and Microsoft pouring large amounts of cash into research and development projects.
But last week, a report by Goldman Sachs found that China could have the AI capability to catch up with the U.S.
"We believe AI technology will become a priority on the government's agenda, and we expect further national/regional policy and funding support on AI to follow," the investment bank said.
The business magnate has been very vocal about his thoughts on AI.
Last month he co-signed a letter with other leaders in robotics including Google Deep Mind's Mustafa Suleyman, calling on the United Nations to ban killer robots.
He even suggested that the emerging technology could pose a greater risk to the world than a nuclear conflict with North Korea.
His latest comments couldn't be more timely. On Sunday, North Korea said it had successfully carried out a test of a hydrogen bomb.
Musk said that there was a possibility that war could be automated.
In response to one Twitter user, he said: "May be initiated not by the country leaders, but one of the AI's if it decides that a prepemtive (sic) strike is the most probable path to victory".
He even said he was skeptical of the possibility that North Korea could launch its own nuclear weapon.