Washington and Tehran announced an opening of the Strait of Hormuz, a tentative breakthrough in the global energy crisis — but one that only makes the oil market more distorted. US oil prices plunged after Iran’s foreign ministry said that the strait was “completely open for the remaining period of ...
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Why it pays to fund the wrong researchWhy it pays to fund the wrong research
Reed’s view I had two big questions this week for Michael Kratsios, director of the White House Office of Science and Technology Policy, at Semafor World Economy in DC. If the administration’s policy is to cut funding for the wrong research, how do you determine which scientific endeavors lack merit? ...
AI is making chief tech officers and chief human resources officers work togetherAI is making chief tech officers and chief human resources officers work together
The people who manage technology and the people who manage people are starting to converge. As C-suite staff go, chief technology officers and chief human resources officers haven’t always overlapped much. But as more AI agents are employed in businesses, top executives are increasingly having to work together to manage ...
CIA creates first intelligence report written without humansCIA creates first intelligence report written without humans
The CIA used AI to create the first intelligence report written without human involvement. The US intelligence agency’s Deputy Director Michael Ellis said AI’s role was only likely to grow: Within two years, “AI co-workers [will be] built into all of the agency’s analytic platforms.” The technology will speed up ...
Life returning to normal at Abu Dhabi AI university, president saysLife returning to normal at Abu Dhabi AI university, president says
The News Life is returning to normal and optimism is spreading for a peace deal at the campus of Mohamed bin Zayed University of Artificial Intelligence in Abu Dhabi, the university’s president, Eric Xing, said Friday at Semafor World Economy in Washington, DC. The MBZUAI president said that while there ...
US transportation secretary touts ‘wildly successful’ program recruiting gamers for air traffic controllersUS transportation secretary touts ‘wildly successful’ program recruiting gamers for air traffic controllers
The News US Transportation Secretary Sean Duffy said Friday that it makes a lot of sense to hire gamers to address a shortage of air traffic controllers. “If you think just what these gamers are doing on screens, and they’re talking and there’s a lot of things going on — ...
US commerce secretary lashes out at Canada ahead of trade talks: ‘They suck … Is this nuts?’US commerce secretary lashes out at Canada ahead of trade talks: ‘They suck … Is this nuts?’
The News US Commerce Secretary Howard Lutnick on Friday slammed Canada as trade negotiators prepare to review the US-Mexico-Canada Agreement this year. Asked at Semafor World Economy in Washington, DC, about Canada’s former trade chief suggesting time is on Canada’s side in the talks, Lutnick responded: “That is like the ...
CEO predicts ‘next golden era’ for content amid legacy media destructionCEO predicts ‘next golden era’ for content amid legacy media destruction
The News Billionaire tech executive Matthew Prince predicted Friday that the “massive consolidating force” of AI that has disrupted legacy news outlets’ relationships with their readers will in the long run bring attention to the value of more granular and local journalism. “I believe that a whole bunch of existing ...
India can handle the energy shock if Iran ceasefire holds, top government adviser saysIndia can handle the energy shock if Iran ceasefire holds, top government adviser says
The News The Indian government’s chief economic adviser expressed confidence Friday that the world’s sixth-largest economy can weather the energy-price shock caused by the Iran war if the ceasefire holds. “We feel that if the current ceasefire holds and also gets extended indefinitely, by the end of the calendar third ...
IMF, World Bank renew Venezuela ties after 6-year ruptureIMF, World Bank renew Venezuela ties after 6-year rupture
The IMF and the World Bank said they would resume relations with Venezuela for the first time in six years, a major breakthrough for the Latin American country as it looks to rebuild its economy. The resumption of relations comes just months after Washington ousted Venezuela’s former president and replaced ...