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Ambani’s empire gets a new spin

After solidifying his control of a $2 telecom carriage business, the world’s seventh-richest man is seeking his next fortune in a $1 content-streaming enterprise. Actually, the spoils from the digital rights for Indian Premier League cricket, snagged by billionaire Mukesh Ambani’s Viacom18 by dethroning Walt Disney & Co for the next five years, aren’t even at the $1 mark yet. ...

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Do computers have feelings? Who decides?

  News that Alphabet Inc’s Google sidelined an engineer who claimed its artificial intelligence system had become sentient after he’d had several months of conversations with it prompted plenty of skepticism from AI scientists. Many have said, via postings on Twitter, that senior software engineer Blake Lemoine projected his own humanity onto Google’s chatbot generator LaMDA. Whether they’re right, or ...

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ECB needs a bazooka to close the bond spreads

  In July 2008, with the global financial crisis trashing the world’s economy, then US Treasury Secretary Henry Paulson asked legislators for the power to grant unlimited credit to his country’s mortgage agencies: “If you have a squirt gun in your pocket you may have to take it out; if you have a bazooka in your pocket, and people know ...

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