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Anthropic has debuted a program to study artificial intelligence’s (AI) impact on the labor market.
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The AI company’s Economic Futures Program, announced Friday (June 27) will also help come up with policy proposals to ready the world for this economic shift, TechCrunch reported.
“Everybody’s asking questions about what are the economic impacts [of AI], both positive and...
The Treasury Department has debuted rule changes designed to help banks maintain compliance.
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The department’s Financial Crimes Enforcement Network (FinCEN) issued an order Friday (June 27) that allows banks to collect tax identification number (TIN) information from a third party rather than from the financial institution’s customer.
“We recognize that the way...
The hacking group Scattered Spider could be trying to trap airlines in its web.
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The FBI is warning that it had “recently observed” cyberattacks that resemble Scattered Spider to include the air travel industry, TechCrunch reported Saturday (June 28), citing a statement from the law enforcement agency.
The report also cited recent warnings from Google’s Mandiant...
The future of the Consumer Financial Protection Bureau’s (CFPB) funding is once again uncertain.
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That’s because Senate Republicans have gotten permission from the chamber’s parliamentarian to include a measure in President Donald Trump’s tax bill that slashes funds for the agency, Reuters reported Friday (June 27).
The measure would reduce the consumer watchdog agency’...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...