PayPal adjusted margin forecast cut eclipses higher profit expectations

By Manya Saini (Reuters) – PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise, sending shares in the payments firm down 5% in extending trading. PayPal expects adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of a 125-basis-point growth….

Read More

AI pioneer says its threat to world may be ‘more urgent’ than climate change

By Martin Coulter LONDON (Reuters) – Artificial intelligence could pose a “more urgent” threat to humanity than climate change, AI pioneer Geoffrey Hinton told Reuters in an interview on Friday.  Geoffrey Hinton, widely known as one of the “godfathers of AI”, recently announced he had quit Alphabet after a decade at the firm, saying he…

Read More

At Musk’s brain-chip startup, animal-testing panel is rife with potential conflicts

By Rachael Levy and Marisa Taylor (Reuters) – Elon Musk’s brain-implant venture has filled an animal-research oversight board with company insiders who may stand to benefit financially as the firm reaches development goals, according to company documents and interviews with six current and former employees. Such oversight boards are required by federal law for organizations…

Read More

Biden meets Microsoft, Google CEOs on AI dangers

By Nandita Bose and David Shepardson WASHINGTON (Reuters) -President Joe Biden met with CEOs of top artificial intelligence companies including Microsoft and Alphabet’s Google on Thursday and made clear they must ensure their products are safe before they are deployed. Generative artificial intelligence has become a buzzword this year, with apps such as ChatGPT capturing…

Read More

Google AI pioneer says he quit to speak freely about technology’s ‘dangers’

(Reuters) – A pioneer of artificial intelligence said he quit Google to speak freely about the technology’s dangers, after realising computers could become smarter than people far sooner than he and other experts had expected. “I left so that I could talk about the dangers of AI without considering how this impacts Google,” Geoffrey Hinton…

Read More

LinkedIn cuts over 700 jobs, phases out China app as demand wavers

By Stephen Nellis (Reuters) – LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins…

Read More

Twitter beats two lawsuits stemming from mass layoffs, for now

By Daniel Wiessner (Reuters) -A California federal judge on Monday dismissed a proposed class action accusing Twitter Inc of targeting female employees for layoffs after Elon Musk acquired the company last year, but said plaintiffs would be allowed to amend the lawsuit to add more details. U.S. District Judge Jon Tigar in Oakland said the…

Read More