Robot invasion slows in the face of weaker US economy, high interest rates

Even a robot invasion can’t beat a slowing economy. Companies in North America sharply cut orders for the high-tech machines in the second quarter, according
U.S. denies blocking chip sales to Middle East

The Biden administration “has not blocked chip sales to the Middle East,” a U.S. Department of Commerce spokesperson said on Thursday, after disclosures that Washington
US curbs AI chip exports from Nvidia and AMD to some Middle East countries

The U.S. expanded the restriction of exports of sophisticated Nvidia (NVDA.O) and Advanced Micro Devices (AMD.O) artificial-intelligence chips beyond China to other regions including some countries in the Middle
UBS targets $10 bln in costs, to cut 3,000 jobs after Credit Suisse takeover

UBS embarked on a more than $10 billion cost cutting plan on Thursday, saying it will axe 3,000 jobs in Switzerland alone after swallowing up its
First estimates of global learning loss in student achievement using comparable reading scores

At the World Bank, and with partners, we have been tracking the learning losses from COVID-19 for the past three years. At the start of
Access to universal and sustainable electricity: Meeting the challenge

SDG 7 aims to ensure access to affordable, reliable, and sustainable energy for all. Globally, about 90 percent of people across the world had access
The internet celebrates its 40th birthday, but some users are twice its age!

Does internet help you to stay in touch with family and friends? If you answered yes, you could claim that internet is benefiting your health!
Pricing climate transition risk in Europe’s equity market

A successful green transition will require a major reallocation of resources away from emissions-intensive to emissions-light activities. This column assesses whether climate transition risk is
New Zealand plans digital services tax for multinationals from 2025

New Zealand said on Tuesday it would introduce legislation for a digital services tax on large multinational companies from 2025 after talks for a global
OpenAI releasing version of ChatGPT for large businesses

Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and

