US market | Inflation, AI and workforce trends take center stage as the Fed’s Mary Daly outlines policy priorities

Mary Daly, president of the San Francisco Federal Reserve, said the U.S. central bank still needs to ensure inflation remains sustainably lower. She noted that while advances in artificial intelligence can help alleviate price pressures by increasing productivity, maintaining a modestly restrictive policy stance remains important, according to Reuters.Speaking at an event at San Jose […]

The National Conference on Technology and AI in Veterinary Medicine kicks off in Chennai

More than 130 delegates from across the country will participate in the event. | Photo credit: special arrangement More than 130 delegates from across the country are participating in a three-day national conference on ‘Emerging Trends, Technologies and Artificial Intelligence in Veterinary Medicine: Challenges and Opportunities’, which kicked off in the city on Monday. It […]

AI chatbots could be ‘restricted for children’ under new social media ban

Australia has already introduced a social media ban (Picture: Matt Cardy/Getty Images) Sir Keir Starmer is considering an accelerated ban on social media for under-16s, including restrictions on AI chatbots. The Prime Minister wrote on his Substack yesterday that he wants to ‘tighten’ the Online Safety Act to ensure AI companies remain ‘firmly within its […]

Hollywood launches new AI threat

A new artificial intelligence video generator from Beijing-based ByteDance, the maker of TikTok, is drawing the ire of Hollywood organizations who say Seedance 2.0 “blatantly” violates copyright and uses the likeness of actors and others without permission. Seedance 2.0, which is only available in China for now, allows users to generate high-quality AI videos using […]

Silver and gold brace for another nervous week based on US inflation data: analysts

Precious metals prices are expected to undergo further consolidation in the coming week, with volatility likely to persist as investors monitor key U.S. economic data including inflation figures, GDP figures and policy signals from the Federal Reserve, analysts said. Traders will also keep a close eye on U.S. labor data, along with minutes of Federal […]

As AI clouds the future of IT, Indian companies are adapting to new developments

ET Intelligence Group: Will Indian software companies rise to the challenge posed by new models of artificial intelligence (AI) that are transforming the way business solutions are implemented and delivered to customers? While the jury is still out, one thing is clear: domestic software exporters are far from unprepared. Both large and mid-sized IT companies […]

Mortgage prices are rising as a leading ban disrupts lenders

“We’re seeing lead costs move higher across the board,” said Praveen Chandramohan, senior vice president at Cotality Mortgage Data Solutions. “Because the ban removes a large, low-cost data source, lenders are reallocating these budgets to bid-based environments.” Chandramohan said that competition on platforms such as Googling Third-party ads and lead aggregators increase the cost per […]