Salesforce posts disappointing growth numbers
In recent financial disclosures, Salesforce has revealed that it is bracing for its lowest quarterly growth in over two decades, stirring considerable unease among investors. Despite an 11 percent increase in revenue, amounting to $9.13 billion for the first quarter ended April 30, the forecast for the upcoming quarter ranges between $9.2 billion and $9.25 […]
MIT professor challenges over-optimistic economic projections from AI
Amid growing excitement about artificial intelligence’s potential to revolutionize productivity and economic growth, an MIT professor offers a sobering perspective. Daron Acemoglu, a respected economist, presented his insights in a paper for the US National Bureau of Economic Research, cautioning that AI might actually exacerbate income inequality rather than turbocharge economic output. In his paper, […]
OpenAI’s safety lead defects to competitor Anthropic: Hashtag Trending for Friday, May 31st, 2024
OpenAI’s Ex-Safety Lead Joins Rival Anthropic. Massive Ticketmaster Breach Fuels Speculation on Hacker Tactics. US Senators express “concern” over large Microsoft contract. An MIT professor throws cold water on economic growth predictions from AI advances. These stories and more on this “here comes reality” edition of Hashtag Trending. I’m your host Jim Love, let’s get […]
US Senators challenge government’s Microsoft contracts
In Washington, the relationship between the Pentagon and Microsoft has sparked serious concerns among lawmakers. Senators Eric Schmitt and Ron Wyden have voiced their reservations about the Pentagon’s decision to further invest in Microsoft’s product upgrades as part of its zero-trust cybersecurity strategy. They argue that this move lacks a competitive, multi-vendor approach, which could […]
Business optimism in Canada dips amid perceived economic pressures: Zoho Survey
Despite ongoing economic challenges, over 60% of Canadian businesses remain hopeful for the rest of 2024, according to the latest Zoho Canada Business Outlook Report released by Zoho Corporation. This report, which surveyed 1,000 Canadian business leaders from C-level to manager, reflects a notable decline in optimism from 74.1% in Q4 2023 to 61.2% currently. […]
Former AI board member reveals details about Altman firing. Hashtag Trending for Thursday, Wednesday May 30, 2024
Canadian school boards sue social media companies for negative impact on student well-being. A former AI board member reveals details about the firing of Sam Altman. Google’s search secrets are accidentally leaked. A study conducted by Zoho reveals only 36 percent of Canadian businesses recognize AI as important for their business. These stories and more […]
