Amazon’s sexist A.I. reveals broader weaknesses of technology
Technology’s only as good as its imperfect human programmers. That’s been the general rule of thumb for climate-change modeling. That’s been the talked-about challenge for artificial intelligence development for years. And now, given a new report from Reuters that revealed how Amazon’s employment recruitment A.I. disregarded and dismissed qualified candidates based solely on sex — […]
Launch of Second Annual GB Technology Summit
Bahamas – Minister of State for Grand Bahama, Senator Kwasi Thompson, one of the pioneers of the Grand Bahama Technology Summit, said during the second such summit, focus will be on showcasing education programs and highlighting the efforts and achievements of government and the Grand Bahama Technology Hub Steering Committee over the last year. “In […]
Nine-Fairfax merger to target savings in technology, media sales, lifestyle content sharing
The merged Nine Entertainment and Fairfax Media will find $50 million of annual savings in technology, product, media sales and back office costs, and by sharing lifestyle content, but has again vowed that none of the cuts will come from journalism jobs or combining newsrooms. About $45 million in savings, in tranches of $15 million […]
Don’t believe the World Bank – robots will steal our wages
Automation will bring growth, but history tells us labour’s share of national income will decline The World Bank has a reassuring message for those fearful of being made obsolete by automation. The robot age is nothing to be worried about. Just like all previous waves of technological advance, the fourth industrial revolution will create rather […]
Amazon could suffer 5% income drop if proposed U.S. Postal Service price hikes go into effect
Amazon will already see declines due to the $15 minimum wage hike, analysts say Amazon.com Inc.’s retail operating income could take a 5% hit from shipping cost inflation if the U.S. Postal Service’s proposed price hikes go into effect, according to calculations by Barclays analysts. On Wednesday, the USPS suggested raising the price of sending […]
Does stock-market volatility make CDs tempting? Read this first
In a rising rate environment, certificates of deposit are increasingly competitive for short-term investing, but there are risks Certificates of deposit might be thought of simply as a safe haven for cash. But they can pack a punch in the right circumstances. Since 1967, certificates of deposit (CDs) have outperformed the stock market about 30% […]
Mega Millions jackpot soars to $654 million after no one wins Friday drawing
The upcoming drawing Tuesday is expected to be the second largest in Mega Millions history After Friday’s drawing came and went without a big winner, the Mega Millions jackpot is set to grow to $654 million. If the jackpot exceeds those estimates, it could easily become the largest jackpot in Mega Millions history by the […]
Vanguard customers livid over website, phone problems amid market volatility
The giant asset manager says it’s fixed the connectivity issues — and they were unrelated to heavy trading Of all the times for a massive money manager to glitch out, Thursday was not one of them. That’s what happened at the giant Vanguard Group, as the Dow Jones Industrial Average DJIA, +1.15% dropped more than […]
Stock stumble, not a plunge
Woah, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading. The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days and dragged the benchmark S&P 500 index down more than 5 per cent. The VIX index, which measures […]
Major Toyota recall
Toyota is recalling nearly 188,000 pickup trucks, SUVs and cars worldwide because the air bags may not inflate in a crash. The recall covers 2018 and 2019 Tundra pickups and Sequoia SUVs as well as 2019 Avalon sedans. Toyota says the air bag control computer can erroneously detect a fault when the vehicles are started. […]