Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
Through the partnership, the companies will build new Azure AI supercomputing technologies and Microsoft will become OpenAI's exclusive cloud provider, according to the announcements. The companies said the technology they plan to build, artificial general intelligence (AGI), will be able to solve more complex problems that AI currently is capable of.
"Modern AI systems work well for the specific problem on which they've been trained, but getting AI systems to help address some of the hardest problems facing the world today will require generalization and deep mastery of multiple AI technologies," the companies wrote in a press release. "OpenAI and Microsoft's vision is for artificial general intelligence to work with people to help solve currently intractable multidisciplinary problems, including global challenges such as climate change, more personalized healthcare and education."
Rather than build its own product to make up the costs of building AI technologies, OpenAI said in its announcement that it decided to license some of its "pre-AGI technologies" and make Microsoft its preferred commercialization partner.
Microsoft and OpenAI chose to work together based on "shared principles on ethics and trust," according to the release.
"We believe that the creation of beneficial AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity," OpenAI wrote.
OpenAI was co-founded by Musk, Greg Brockman, Ilya Sutskever and Sam Altman, the company's CEO.