Explosion Hits US Embassy In Oslo

What AI Is... And Is Not Authored by Charles Hugh-Smith via OfTwoMinds blog, It behooves us to be clear on what AI is and is not, as the confusion of the two is the source of both the giddy hype and the opaque risks. Whether we admit it or not, we are collectively making an epoch-changing bet that AI is fantastic, unstoppable Progress with a capital P so large it blots out the sky. Like all bets, this bet is risky, and if it fails we will all pay the price in capital...

Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff Two weeks ago, when discussing the market "mystery" of sliding physical crude oil prices, we said that the most likely culprit were Chinese refiners, whose refining margins had just collapsed to the most negative on record. The reason for the margin collapse was China’s domestic fuel policy: it has long been Beijing's policy to soften price hikes to help shield consumers and avoid social unrest; which while beneficial to end, consumers is catastrophic to refiners and processors...

AI Reshaping US Jobs But Not Yet Triggering Mass Unemployment, Says European Central Bank Authored by Owen Evans via The Epoch Times, Artificial intelligence (AI) has begun shifting American workers away from occupations most vulnerable to automation, but its overall effect on U.S. employment and wages still remains “muted,” according to a European Central Bank study released on Monday. U.S. companies have been investing heavily in AI in recent years amid predictions that humans will be ​replaced at increasing rates. According to the European Central Bank (ECB) Economic Bulletin article, certain workers, especially...