Billionaire and iconic entrepreneur Richard Branson says the extreme wealth that will be generated by the artificial intelligence industry should be partly redistributed as a universal basic income, or cash handouts. “Basic income is going to be all the more important. If a lot more wealth is created by AI, the least that the country […]
Read moreIntel on Tuesday said it’s delivering a chip for quantum computing — an approach that’s vastly different from the one PCs, phones and other devices have used for decades — to a European research group. The move demonstrates progress on the chipmaker’s part in an area that could be pivotal to its future. While classical […]
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A start-up called Flirtey delivers pizzas, Slurpees and other sundries by drone. But now, the company is embarking on life-saving work as a medical courier in the U.S., CNBC has learned. Flirtey has formed a partnership with REMSA Health, a major provider of ambulance and emergency health services in the state of Nevada. When a […]
Read moreWal-Mart is planning a website redesign to be revealed in the first quarter of next year, Marc Lore, president of Wal-Mart’s U.S. e-commerce business, said Tuesday. The big-box retailer plans to invest heavily in e-commerce and online grocery in the coming months, with plans to double its online grocery pickup locations across the U.S. by […]
Read moreAmazon has almost perfected speedy delivery to your home. Now the company is working to make sure your packages get inside the front door, or even into your car. The company is in advanced talks to forge a partnership with Phrame, a maker of smart license plates that allow items to be delivered to a […]
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Dow Jones newswires sent several fake headlines shortly after the market opened for trading because of a “technical error.” The headlines included one that said Google was acquiring Apple for $9 billion. Here are some examples of the headlines: “DJ UPDATE: Google, Apple Join to Create Tech Giant”“DJ Google to buy Apple for $9 billion”“DJ […]
Read moreEnterprise tech start-up Petuum is on a quest to help businesses of any kind use artificial intelligence just like Google, Amazon, Facebook or Tesla. According to Petuum co-founder, CEO and chief scientist Eric Xing (a computer science professor now on sabbatical from Carnegie Mellon University), AI can power all kinds of products that benefit society, […]
Read moreWells Fargo has upgraded more than 5,000 ATMs with new technology that allows customers to access their accounts — and take out cash — with a smartphone instead of a debit card. The move builds on an earlier one by Wells Fargo that allowed customers to access an ATM simply by generating a special code […]
Read moreShares of Tesla jumped Tuesday after Morgan Stanley’s Adam Jonas, a widely-followed analyst on Wall Street, raised his 12-month price forecast on the electric vehicle maker. General Motors recently announced plans to roll out a line of 20 all-electric vehicles over the next six years. Ambitious plans like these from traditional automakers have raised fears […]
Read moreRipple has signed up several new financial institutions to its blockchain network, bringing its clientele to more than 100. The financial technology start-up is the owner of XRP, the fifth most valuable cryptocurrency behind rivals bitcoin, ethereum, litecoin and bitcoin cash. Its distributed ledger network, RippleNet, has been joined by the likes of United Arab […]
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