5 Things about AI you may have missed today: Nothing eyes AI boost, fake AI images in polls, more

5 Things about AI you may have missed today: Nothing eyes AI boost, fake AI images in polls, more

AI roundup: Nothing, a London-based startup is eyeing AI-powered devices and it may focus on India as a key market. The company is now launching Nothing Phone 2a and working on the Nothing Phone 3 device. Ahead of the US presidential election in November, Donald Trump’s supporters are creating fake AI images of him with … Read more

Wall Street Expects Rate Cuts, Mild Recessions

Wall Street Expects Rate Cuts, Mild Recessions

If the consensus on Wall Street is often wrong — and evidence from 2023 does little to dispel that notion — then in the year ahead investors are facing either the mother of all rallies or a selloff for the ages. That’s because most investment outlooks from major banks, advisers and asset managers envisage the … Read more

Major US banks show profit boost despite slowing economy, but some caution from consumers

Major US banks show profit boost despite slowing economy, but some caution from consumers

JPMorgan, Wells Fargo and Citigroup’s earnings indicated higher U.S. Federal Reserve interest rates had allowed them to charge more on loans while raising rates on deposits more slowly. Consumers were starting to deplete savings, the banks said, and Citibank and Wells Fargo noted that losses on credit cards and other debts were starting to rise. … Read more