but on capitol hill wednesday, eight us bank ceos said that s unnecessary and issued a warning that new regulations will hurt the economy and credit markets. the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee s annual oversight of big banks and what a year it s been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2020. the industry after early 2023 s failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the real audience is the regulators responsible for the final language and implementation of the rule. google has h
will hurt the economy and credit markets. the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee s annual oversight of big banks and what a year it s been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2023 s failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the real audience is the regulators responsible for the final language and implementation of the rule. google has hailed another era in artificial intelligence. gemini has advanced to reasoning capabilities and in its own words, think more carefully. it is an up
the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee s annual oversight of big banks and what a year it s been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2023 s failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the real audience is the regulators responsible for the final language and implementation of the rule. google has hailed another error in artificial intelligence. gemini has advanced to reasoning capabilities and in its own words, think more carefully. it is an upgrade two the existing ai chat bot accor
as the bbc s michelle fleury reports from new york. amazon announced 0 a new chat bot for people to use at work. there seems to be a dispute over where the name came from. some say it s 0, after the character from the james bond movies. others say it s 0, a character from the star trek tv shows. either way, this is a big deal. amazon may not have built chatgpt, but it now has its own generative ai helper. which is designed to assist employees with daily tasks, whether it s answering questions about company policy, to coding, to summarizing strategy documents. crucially, though, it will compete with other corporate chat bots, including microsoft s copilot and google s doitai. now, the tech giant also unveiled new ai. chips at its annual developer conference in las vegas, where also taking the stage was the boss of chip maker in nvidia, a sign of the deepening relationship between these two. amazon said that as well as its own ai chips, it would offer customers access to nvidia
nearly all of open al s workers are threatening to quit if the board doesn t resign and reinstate the former leadership. board members fired altman on friday saying in a statement that he was not consistently candid in his communications with them. the company also announced that greg brockman, the president and a co founder of open ai, would be stepping down as chairman of the board. but he quit. the company has named emmett sheer, the co founder of the live streaming platform, twitch, as open al s interim ceo. two prominent open ai heads have signed the letter. chief technology officer and the firm s chief scientist. on monday morning, the chief scientist tweeted that he deeply regrets his participation in the board s actions. open ai has been the dominant force in al development with its chatgpt chat bot. this episode is highlighting a split within the field of aia this episode is highlighting a split within the field of ai between those pushing for progress and those ur