The members of PayPal’s board announced that PayPal’s new CEO will be Alex Chriss. He currently runs the small business and self-employed group at Intuit. Chriss will take over for PayPal’s present CEO Dan Schulman from Sept. 27. Schulman had earlier announced a plan to resign from the role by the end of 2023. He will…
Mike Coop, chief investment officer at Morningstar Investment Management, says market participants are “overconfident” in their ability to predict the long-term impact of AI. Despite the setback so far this month, optimism about AI’s potential to boost future profits has lifted the tech-heavy NASDAQ Composite over 38% for the year, while the S&P 500 is…
When executives from tech giants Amazon, Google, Meta, and Microsoft met with President Joe Biden last month, they pledged to comply with artificial intelligence security measures before releasing their AI tools to the public. Their efforts include exhaustive testing of AI systems to protect against cybersecurity, one of the most important risk areas. The role…
Apple stock popped for a short time after Bloomberg News reported that the firm is internally developing its own artificial intelligence large language model. The move signifies Apple is taking advanced steps in AI technology and is thinking of integrating AI into its future products. Apple rarely uses the ‘artificial intelligence’ term and mostly prefers using the academic…
