Bank of America’s CEO Told Employees ‘You Don’t Have to Worry’ About AI Replacing Jobs — Four Months Later, He Cut 1,000
Brian Moynihan told employees not to worry about AI. Then he credited the technology with eliminating jobs “through attrition.”
The missing step between hype and profit
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. In February, I picked up a flyer at an anti-AI march in London. I can’t say for sure whether or not its writers meant to riff on South Park’s underpants gnomes. But…
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WhatsApp adds prepaid phone recharges in India as its payments usage still lags
WhatsApp is rolling out prepaid phone recharges to its 500 million users in India via PayU.
Apple’s New CEO John Ternus Inherited One of the Toughest Jobs in Tech. Here Are His Biggest Challenges.
Ternus takes over in September facing App Store antitrust battles, AI competition, China risks and a $4 trillion legacy.
AI galaxy hunters are adding to the global GPU crunch
Astronomers are turning to GPUs to find needles in the galactic haystack.
The Download: introducing the Nature issue
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Introducing: the Nature issue When we talk about “nature,” we usually mean something untouched by humans. But little of that world exists today. From microplastics in rainforest wildlife to artificial light…
Surveillance vendors caught abusing access to telcos to track people’s phone locations, researchers say
The Citizen Lab found two separate surveillance vendors abusing the backbone of cellular networks to spy on several victims across the world.
Beehiiv rolls out new creator tools, including webinars and customizable paywalls
Beehiiv is clearly done being just a newsletter platform based on today’s launch of a new webinar feature, customizable paywalls, and more.
Meta will now allow parents to see the topics their child discussed with Meta AI
Topics can range from “School,” “Entertainment,” and “Lifestyle” to “Travel,” “Writing,” and “Health and Wellbeing,” among others, Meta says.
Will fusion power get cheap? Don’t count on it.
Fusion power could provide a steady, zero-emissions source of electricity in the future—if companies can get plants built and running. But a new study suggests that even if that future arrives, it might not come cheap. Technologies tend to get less expensive over time. Lithium-ion batteries are now about 90% cheaper than they were in…
Optimism Is Your Greatest Asset — Until It Starts Working Against You. Here’s What I Wish I’d Known Sooner.
Believe in their potential. But trust their actions.