Tech giants pour billions into AI, but hype doesn’t always match reality

After years of companies highlighting the potential of artificial intelligence, researchers say now is the time to adjust expectations. With recent technological leaps, companies have developed more systems that can produce seemingly human conversations, poetry and images. Still, AI ethicists and researchers warn that some companies are exaggerating the possibilities — a hype they say … Read more

5 things you need to know before the stock market opens on Wednesday, June 29

Here are the key news items investors need to start their trading day: 1. Stocks looking for stability Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE Equity markets’ attempt to build on last week’s momentum has failed so far this week. Futures had changed little on Wednesday morning … Read more

Sturgeon’s independence plan plunges into chaos over majority vote claim

lOrd Sumption, a former Supreme Court judge, told BBC Radio Scotland he expected the court to give the referendum case a “high degree of expedition and could be decided this autumn” as “clearly it should not be allowed to it drags on longer”. He said: “The Scottish Government’s main difficulty is that Scotland’s constitutional relations … Read more

FCC commissioner tells Apple, Google to remove TikTok from app stores

A leader of the US Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images News | Getty Images BEIJING – A leader of … Read more

ECB member Holzmann on inflation, fragmentation ahead of July rate hike

The ECB heads to a critical meeting in July where a rate hike is expected and investors await details of its new fragmentation tool. Daniel Roland | Afp | Getty Images A member of the European Central Bank told CNBC on Wednesday that there is enough runway to hike rates after the two hikes planned … Read more

Ottawa must catch up with the private sector in digitizing its operations

An official talks to people as they queue outside the Guy Favreau federal building while waiting to apply for a passport in Montreal on June 26.Graham Hughes/The Canadian Press “Take out the trash” refers to governments burying uncomfortable news by announcing it late on a Friday afternoon, when opposition journalists and politicians have finished their … Read more

ECB Lane sees double-sided risk of rising inflation and economic slowdown

Philip Lane, chief economist of the European Central Bank. Bloomberg | Bloomberg | Getty Images Philip Lane, chief economist at the European Central Bank, said the Frankfurt institution will have to remain vigilant in the coming months with the prospect of inflation continuing to climb, in addition to the risk of a consumer-led slowdown in … Read more

COVID in WA: State nears its millionth case as research shows women more likely to get COVID for a long time

WA’s daily COVID count has risen again, with the state nearing its millionth infection since the start of the pandemic. 5921 cases were recorded overnight, up from 4,810 on Tuesday. It brings the total number of active infections in WA to 27,132. WA Health confirmed that 229 people were hospitalized and 14 in intensive care. … Read more

An oil price ceiling for Russia?

The US and Europe are looking for ways to stop financing Vladimir Putin’s war machine without sending their economies into recession. The latest idea, put forward at this week’s G-7 summit, is an oil price ceiling. This will work just as well as most price controls, meaning it probably won’t work. Despite Western efforts, the … Read more

Ontario NDP Long Appoints Toronto MPP Peter Tabuns as Interim Leader

Through Staff The Canadian Press Posted on June 28, 2022 22:45 Updated June 28, 2022 22:54 Smaller Font Reduce article font size †A Larger font Increase article font size A† Ontario’s NDP has named longtime Toronto caucus leader Peter Tabuns as interim leader. Tabuns thanked party members for the appointment on Tuesday. He said in … Read more