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Euro zone underlying inflation sticky, ECB’s Schnabel says in Washington

Euro zone underlying inflation sticky, ECB’s Schnabel says in Washington

© Reuters. FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski WASHINGTON (Reuters) -Underlying inflation in the euro zone is proving sticky and the recent fall in energy costs may…

1,100+ notable signatories just signed an open letter asking “all AI labs to immediately pause for at least 6 months”

1,100+ notable signatories just signed an open letter asking “all AI labs to immediately pause for at least 6 months”

As of this writing, more than 1,100 signatories, including Elon Musk, Steve Wozniak, and Tristan Harris of the Center for Humane Technology, have signed an open letter that calls on “all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4.” Says the letter: Contemporary AI…

Distressed Indian startup GoMechanic acquired by Lifelong Group-led consortium

Distressed Indian startup GoMechanic acquired by Lifelong Group-led consortium

A consortium led by Lifelong Group has acquired the distressed firm GoMechanic months after the Sequoia India-backed startup admitted “grave errors” in financial reporting. The New Delhi-headquartered Lifelong Group, which serves several major players in the automotive industry including Hero and General Motors, said it won the bidding to acquire GoMechanic, whose investors scrambled for…