The president of one of the biggest teachers unions in the country has come out with a cautionary warning on AI in schools, emphasizing the need for learning before students are exposed to the technology. “So, you know, from an education and a people perspective, the human beings have to be in charge of...
A majority of Americans are concerned that artificial intelligence poses grave risks to the future of humanity, according to a new poll released on Wednesday. The POLITICO survey found that 63 percent of U.S. adults believe this technology could someday destroy mankind. Twenty-six percent of respondents said there was only a “moderate risk” of this...
The rapid build-out of artificial intelligence infrastructure is making technology firms some of the top capital investors in the U.S., according to new research shared first with The Hill. The report, to be published by the Progressive Policy Institute (PPI) on Wednesday, found tech firms Amazon, Alphabet, Meta and Microsoft invested more than half —...
BRUSSELS (AP) — The European Union's top official proposed on Wednesday banning children under 13 across the 27-nation bloc from using social media sites and imposing limits for older teens on accessing the platforms. The plan outlined by European Commission President Ursula von der Leyen adds to global efforts to protect young people using platforms...
Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President Trump’s demands for cuts. Warsh gave himself wiggle room for a rate hike in late August, saying the central bank had “work to do” if underlying inflation was not moving toward its 2 percent target. But Trump, who...
Washington is scrambling to manage the abrupt panic around AI development, but party politics, a limited legislative window and lack of consensus makes it an uphill, next-to-impossible task. In the wake of a researcher’s viral warning about the technology, lawmakers on both sides of the aisle are floating numerous proposals to prevent the negative potential...
The yield on the 10-year U.S. Treasury bond reached its highest point since before the 2008 financial crisis on Tuesday, portending increased borrowing costs for millions of Americans. The 10-year Treasury bond yield peaked at 5.041 percent Tuesday morning, the note’s highest intraday mark since July 2007. The note closed at above 5 percent for...
Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.
Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...
Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...