Summary: Ngozi Elobuike, an entrepreneur from California, brings her passion for wine and black culture to Ireland with her unique business venture, Hi Spirits Wine Club. Inspired by her upbringing in the Californian wine region of Lodi, Ngozi aims to introduce black wine culture and its appreciation to Ireland, a country she fell in love with.… Read the rest
First Quantum Adjusts Operations at Ravensthorpe Nickel Mine to Improve Margins
First Quantum, a Canada-based mining company, has announced plans to scale back operations at its Ravensthorpe nickel mine in Australia. The decision comes as a result of falling nickel prices due to an increase in low-cost supply and weaker demand. The company will suspend mining at the Shoemaker-Levy deposit and bypass both high-pressure acid leach circuits.… Read the rest
Baidu Stock Rises Despite Controversial AI Research
Baidu Inc. saw a surge in its stock price on Tuesday, bouncing back from recent losses amid a denial of its alleged affiliation with a Chinese military AI research institute. The company, known as China’s leading internet search provider and an AI pioneer, experienced its largest gain in a month.… Read the rest
Philippine Blockchain Week Sparks Collaborations and Showcases Blockchain Potential
Collaborations and partnerships in the Bitcoin and blockchain space are gaining traction, with the recent Philippine Blockchain Week (PBW) serving as a platform for various stakeholders to come together. The second edition of PBW, organized by the Blockchain Council of the Philippines (BCP), saw the active involvement of state-backed agencies, setting a benchmark for government participation in blockchain events.… Read the rest
Artificial Intelligence’s Impact on Jobs and Inequality
Artificial intelligence (AI) has the potential to increase productivity in various sectors, but it also poses challenges such as job displacement and increased inequality, according to a recent report by the International Monetary Fund (IMF). The report reveals that nearly 40 percent of jobs worldwide are at risk of being affected by AI, with advanced economies facing higher risks compared to emerging markets and low-income countries.… Read the rest
Elon Musk Wants More Control Over Tesla’s Future in AI and Robotics
Elon Musk, the CEO of Tesla, has expressed his discomfort about the company’s trajectory in the fields of artificial intelligence (AI) and robotics. Musk, who currently holds around 13.4 per cent stake in Tesla, stated that he would prefer to have 25 per cent voting control to ensure his influence.… Read the rest
First Quantum Minerals Implements Measures to Strengthen Financial Position
First Quantum Minerals, a Canadian mining company, has announced a series of measures aimed at strengthening its financial position. These measures include conserving capital, suspending dividend payments, reducing its workforce, and exploring the sale of smaller mines and stakes in larger mining assets.… Read the rest
AI Voice Spoofing Scam Exposes Vulnerabilities in Digital Communication
Summary: Cybercriminals have recently exploited AI voice spoofing technology to deceive an engineer and extract a large sum of money. The scammers impersonated a police officer and fabricated a recording of the engineer’s son’s voice to convince him that his son was implicated in a false gang rape case.… Read the rest
The Role of Businesses in Responsible AI Adoption
Artificial intelligence (AI) has emerged as a game-changing technology with the power to revolutionize various sectors and societies at large. As companies embrace AI, they are not only at the forefront of its implementation but also responsible for setting the standards and regulations surrounding its use.… Read the rest
Ensuring Inclusive Global AI Governance: The Urgency of UN Involvement
The year 2023 will undoubtedly be remembered as a pivotal moment in the history of artificial intelligence (AI). With the emergence of generative AI and its rapid progress, AI has captured the public’s attention and is now a major driving force in various aspects of society.… Read the rest