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Mark Zuckerberg says AI labs can slow down on their own when safety demands it

Mark Zuckerberg said AI companies don’t need an industry-wide agreement to slow development when safety concerns emerge.In a post on X on Tuesday, the Meta CEO argued that market pressure will make alignment, meaning ensuring that AI systems follow their users’ intentions, a competitive advantage.”Every lab has the responsibility and…

The Federal Reserve is holding a closely watched monetary policy meeting this week as the market expects the central bank to hike interest rates amid concerns about stubborn inflation. Policymakers have held interest rates steady at all five meetings held by the Federal Open Market Committee (FOMC) this year, with the benchmark federal funds rate sitting at a target range of 3.5% to 3.75%.Persistent inflation above the Fed’s 2% long-run target has prompted concern among…

Finance news

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Consulting’s Trump-era DEI bill hits  million as Accenture joins Deloitte and IBM in settling discrimination claims

Accenture is the latest company to pay up for President Donald Trump’s DEI policies.The technology and consulting firm agreed to pay $25 million to settle allegations that it failed to comply with antidiscrimination requirements in federal contracts, the Department of Justice announced on Monday.The agency accused Accenture of discriminating against…

Business

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Costco has raised the price of motor oil sold under its exclusive private-label Kirkland brand and is now limiting how much customers can purchase weekly amid rising oil prices. A 10-quart case of Kirkland Signature full synthetic motor oil is now $58, according to Costco’s website, after previously selling for…

Markets

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Montana’s experimental treatment law hands a VC the keys

Investors on the libertarian fringe of the biotech industry are making their dream of wide-ranging access to experimental drugs a reality in Montana.Last year, they helped draft a state law to expand access to drugs that no regulator has deemed safe and effective. Now, Montana is relying on a privately…

Investing

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