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Category: business – Page 92

Big Banks Face Billions in Extra FDIC Fees After SVB Failure

The costs used to recover the deposits for the failed US regional banks will be paid by other US banks especially the larger banks.

The largest US lenders face billions of dollars in extra fees to replenish the government’s bedrock deposit insurance fund. The move comes after the fund was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Su Keenan reports on Bloomberg Television.

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Nuclear Power Breakthrough Makes “Limitless” Energy Possible

Editor’s note: “Nuclear Power Breakthrough Makes “Limitless” Energy Possible” was previously published in December 2022. It has since been updated to include the most relevant information available.

For a moment, imagine a world of limitless energy – one where energy is so abundant that everyone can power their homes and businesses for mere pennies.

These days, it’s tough to imagine a world like that. Last winter, the average U.S. heating bill was $1,000.

Exclusive: Bill Gates on the future of nuclear energy, AI

TerraPower, founded by billionaire and Microsoft co-founder Bill Gates in 2008, is opening a new nuclear power plant in Kemmerer, Wyoming. The plant will be the first of its kind, with the company hoping to revolutionize the nuclear energy industry in the U.S. to help fight climate change and support American energy independence.

“Nuclear energy, if we do it right, will help us solve our climate goals,” Gates told ABC News. “That is, get rid of the greenhouse gas emissions without making the electricity system far more expensive or less reliable.”

Gates met with ABC News’ chief business, economics, and technology correspondent Rebecca Jarvis in Kemmerer to talk about the project.

Google to take on ChatGPT with ‘snackable, visual’ search engine upgrade as AI wars intensify

The search engine giant is planning to make Google more “visual, snackable, personal, and human” with AI.

Google has disclosed its aims to improve its search engine’s usability and attractiveness to young people throughout the world.

The Wall Street Journal reported on Saturday that the action was taken in response to the rising popularity of artificial intelligence (AI) programs like OpenAI’s ChatGPT, which may have a substantial effect on how society and businesses are run.

Qualcomm to acquire Israeli auto-chip maker Autotalks

May 8 (Reuters) — Chip designer Qualcomm Inc (QCOM.O) said on Monday it would buy Israel’s Autotalks Ltd that makes chips used in technology aimed at preventing vehicle crashes, as the U.S. firm looks to deepen its automotive business.

With increasing electric vehicles and automatic features in cars, the number of chips used by automakers is surging, making the automotive market a key growth area for chipmakers.

Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety.

ETL: The Overlooked Hurdle In Successful Cloud Migration

Co-Founder & CTO of Datametica Solutions, leading the company’s long-term technology vision and ensuring alignment with business strategy.

With the advantages of scalability, enhanced performance and cost-effectiveness, cloud platforms have evolved as a substitute for legacy data warehouses and data lakes. Data warehouse modernization is often the top priority for businesses in present times.

According to Gartner, by 2025, 95% of digital workloads will be hosted in the cloud, which means almost all of us are busy building our cloud migration strategy. However, when developing a seamless cloud migration strategy, people often overlook ETL migration or treat it as an afterthought. This is where you unintentionally invite problems with performance and costs. If you fail to modernize your ETL processes, your company’s analytical data platform could be doomed.

Almanac Thinks Better Collaboration, Not AI, Can Help Professionals Save Time At Work

Companies are seeking innovative ways to improve collaboration and productivity as remote and hybrid work become more common. Google Workspace has invested in generative AI tools to reduce user workload, but Almanac.

Google Workspace has invested in generative AI tools to reduce user workload, but Almanac, a platform for structured collaboration, believes that getting humans to work better together can increase productivity.

Following a closed beta that included over 1,000 organizations, including Indeed and Cisco, the company is now releasing early access to its platform. Additionally, it provides insight into how businesses can improve collaboration through “The Modern Work Method,” based on interviews with over 5,000 business leaders.

Lockheed Martin announces reorganization of its space business

WASHINGTON — Lockheed Martin announced May 4 it is consolidating several businesses focused on space into three sectors: Commercial civil space, national security space, and strategic and missile defense.

“With an eye toward the future and building on our current business momentum, these changes position us to deliver end-to-end solutions for today’s mission demands and well into the future,” said Robert Lightfoot, executive vice president of Lockheed Martin Space.

The first casualties of AI

Artificial intelligence has started to make a real impact on the world by replacing human jobs and making some business models obsolete. We take a look at this week’s biggest AI news and identify the biggest losers in the AI race.

#ai #tech #thecodereport.

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🔗 Resources.

Geoffrey Hinton Resigns https://fortune.com/2023/05/01/godfather-ai-geoffrey-hinton-…ad-actors/

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