Business - Page 21

Transportation Secretary Pete Buttigieg criticizes Tesla for using the term “Autopilot” to describe its partially automated driving system, stating that it is misleading since the cars cannot drive themselves. The system is currently under investigation by the Department of Transportation due to…

Governments worldwide are racing to establish artificial intelligence (AI) regulations, with Europe taking the lead. A European Parliament committee voted to strengthen a flagship legislative proposal to create AI guardrails. The urgency to regulate AI has increased as technological advancements like ChatGPT…

JPMorgan Chase & Co’s CEO, Jamie Dimon, announced that the bank is launching weekly sessions to deliberate on the possible ramifications of a prospective U.S. default. The announcement came during an interview aired on Bloomberg TV. The bank’s designated “war room” is…