Finance

AI era is a ‘seismic moment’ in tech we’ve not seen in a decade, top Meta exec says

The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a…

UBS CEO says Swiss public ‘indoctrinated’ to worry about bank’s balance sheet

UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet are getting…

UK inflation rate surprises with rise to 4%, led by alcohol and tobacco

LONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco…

OpenAI CEO Sam Altman opens up about being fired by the board: ‘Super caught off guard’

DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was…

China misses fourth-quarter GDP estimates, resumes posting youth unemployment data

BEIJING — China missed fourth-quarter GDP estimates on Wednesday, while it resumed reporting the unemployment rate for young people. GDP…

China’s economic growth is set to slow in 2024. Here’s what Wall Street is predicting

BEIJING — Major international investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023,…

OpenAI’s Sam Altman says human-level AI is coming but will change world much less than we think

OpenAI CEO Sam Altman says concerns that artificial intelligence will one day become so powerful that it will dramatically reshape…

Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules

A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring…