IBM (IBM) and Meta Platforms (META) have come together to launch AI Alliance with the goal of a more open model of AI. This alliance consists of over 50 large corporations, start-ups, and universities around the world. IBM Research Head Dario Gil joins Yahoo Finance Live to discuss the details of this group and what more to expect when advocating for artificial intelligence development. Gil believes that a large set of AI players is showing a “better way to create and shape and govern AI.” Gil insists that when there is only a select group leading the AI dialogue, revenue sharing is less plausible and there are more risks of “derailment” when challenges arise. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
IBM (IBM) and Meta Platforms (META) have come together to launch AI Alliance with the goal of a more open model of AI. This alliance consists of over 50 large corporations, start-ups, and universities around the world. IBM Research Head Dario Gil joins Yahoo Finance Live to discuss the details of this group and what more to expect when advocating for artificial intelligence development.
Gil believes that a large set of AI players is showing a “better way to create and shape and govern AI.” Gil insists that when there is only a select group leading the AI dialogue, revenue sharing is less plausible and there are more risks of “derailment” when challenges arise.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Benzinga
Saving for retirement is an essential goal for many Americans, but achieving the ideal savings target remains elusive for many. In 2023, the average American retiree had about $170,726 in retirement savings, a decrease from $191,659 at the beginning of 2022. This 10% reduction is significantly lower than the recommended $555,000. Only 12% of retirees have achieved or exceeded this recommended savings amount. Don’t Miss: The average American couple has saved this much money for retirement — How d
Benzinga
The Federal Reserve’s 2022 consumer finance survey unveils a striking picture of American prosperity, revealing that the mean net worth of the average household has ascended to $1.06 million, a 23% from $868,000 in 2019. This statistic, while impressive, masks a more nuanced and unequal economic landscape. Despite the seemingly thriving financial status of American households, the reality is more complex, particularly for the middle class. The COVID-19 pandemic, which drastically impacted econom
Benzinga
Many people have turned to annuities as a reliable means of securing a stable income during retirement. Financial advisers often highlight annuities as a prudent choice for those looking to manage retirement finances effectively. With a $150,000 annuity, the monthly income potential varies based on several key factors, such as the type of annuity chosen, the age of the annuitant and the length of the payout period. Annuities, which are financial products offered by insurance companies, serve as
Benzinga
Exxon Mobil Corp. (NYSE:XOM) stock started trading at $104.27 on Nov. 29, with a market cap exceeding $414 billion. The 52-week low price for Exxon was $98.02, and the 52-week high was $120.07. The dividend for the quarter ending June to September was $0.91 per share against $0.88 for the same period of 2022, according to the company's 10-Q filing on Oct. 31. The cumulative dividend from January to September was $2.73 per share, higher than $2.64 per share for the preceding year. Dividend paymen
Reuters
The company's shares fell about 2% in early trade. The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business. P&G, which bought Gillette for $57 billion in 2005, gets about 8% of its total sales from the grooming business.
SmartAsset
My children have inherited $5 million of stock from their father (whose estate has not yet been dispersed after 11 months) leaving them with a 30% or so loss of value over which they have had no control. Is there … Continue reading → The post Ask an Advisor: My Kids Inherited $5 Million. How Should They Handle It? appeared first on SmartAsset Blog.
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