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Researchers are making AI models fit in your pocket and run locally
Large AI models are the brains behind many of our favorite tools, from chatbots to translation apps. But these models can be huge – usually too big to fit anywhere but on distant servers. So each…
Microsoft Teams unveils real-time AI voice translation: a game-changer for communication
If you dream of having an AI-powered speech translation device for your meetings, you will love the ambitious new feature of Microsoft Teams.
Microsoft Teams, launched in 2017, is a Microsoft…
Rapid sinking of land in California driven by groundwater pumping
Groundwater pumping has been driving record-breaking sinking of land in California’s San Joaquin Valley.
For nearly twenty years, groundwater extraction has outpaced natural recharge, that is,…
Goldman Sachs forecasts strong global GDP growth for 2024, 2025, and 2026
After strong global GDP growth in 2024 of 2.7%, Goldman Sachs Research forecasts that the world economy will expand by 2.7% in 2025 and 2.6% in 2026.
Goldman Sachs economists believe that the…
Spirit Airlines announced that it’s filed for Chapter 11 bankruptcy
Spirit Airlines announced that it’s filed for Chapter 11 bankruptcy. The move aims to restructure its overwhelming debt burden.
The filing comes after two collapsed merger efforts within two…
Is space-based solar power (SBSP) the solution?
Is solar energy from space the solution to our global energy crisis? Could we harness sunlight from space and beam it back to the Earth’s surface?
If so, we could generate far more clean…
Decentralized social media platform Bluesky sees surge in popularity
Bluesky is the latest social media app to make headlines across the world. Many people are moving away from bigger platforms and want something different. Unlike X and Facebook, Bluesky is a…
Canada’s conservative leader Poilievre vows to fight Trump’s tariffs ‘with fire’
The leader of the Conservative Party of Canada, Pierre Poilievre, said he would fight Trump’s looming tariffs on Canadian goods “with fire.”
He vowed to “fight fire with fire” and respond to…
CO2 emissions from fossil fuels rise again in 2024
Worldwide CO2 emissions from fossil fuels rose again this year and reached a record high, the Global Science Project science team reported. The team forecast a rise in CO2 emissions of 37.4…
Do humans and AI work better together or alone?
Over the past few years, artificial intelligence (AI) has rapidly gained popularity, progressing at a surprising pace. We imagine humans and AI working side-by-side, with human creativity and…
Using cash is better for financial awareness, study suggests
Fewer people are using cash than ever before. It’s not surprising, carrying cash around can be a hassle. And why even use cash when there’s the convenience that digital payment methods offer?…
AI headphones create ‘sound bubble’ to focus on nearby sounds in noisy spaces
Noice-cancelling headsets are great if you want to block out noise. But what if you still want to be able to hear those talking to you? Maybe you’re fed up with the construction noise across the…
Business Term of the Day
Pigou effect
In economics, the pigou effect is a concept that says a major decline in prices stimulates an economy and triggers a wealth effect that generates full employment. Arthur Pigou wrote about it in his article, The Classical Stationary State, published in the Economic Journal.
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