Among the many deals that have fallen through recently, Adobe’s $20 billion acquisition of Figma, an up-and-coming design software maker, is among the most telling. The companies had promised that it was a way to “launch a new era of collaborative creativity,” but regulators in three jurisdictions saw it as an unacceptable attempt by a … [Read more…]
The airline said it was pleased to have reached a “consumer-friendly agreement.” December 18, 2023, 5:00 a.m. ET • 4 min reading The U.S. Department of Transportation said Monday that Southwest Airlines has been fined a record $140 million for its operational collapse during the 2022 leisure travel season. The civil penalty imposed on the … [Read more…]
What would the world of artificial general intelligence (AGI) look like? Many predict that AGI could cause an economic collapse if it arrives. Although job loss and displacement began with automation and AI, many experts and economists believe that AGI will exacerbate this phenomenon and lead to economic collapse through mass unemployment. The question is … [Read more…]