AI is too risky to insure, say people whose job is insuring risk

What happens when the software everyone is rushing to adopt becomes too risky for anyone to insure? according to Reporting from the Financial TimesWe’re about to find out. Major insurers including AIG, Great American and WR Berkley are seeking permission from US regulators to exclude AI-related liabilities from corporate policies. One underwriter described the output…

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Meta wants to get into the electricity trading business

To accelerate the construction of new power plants needed to provide energy for its data centers, Meta is considering getting into the power trading business. Bloomberg report Meta and Microsoft are both seeking federal approval for electricity trading (Apple has already received this approval). According to Meta, this will allow it to make long-term commitments…

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Trump Energy department drops renewables, promotes fusion in office reshuffle

trump administration revealed A new organizational chart for the Energy Department was unveiled this week, eliminating several offices focused on renewable energy while increasing fusion. The shakeup eliminates the Office of Energy Efficiency and Renewable Energy (EERE), the Office of Clean Energy Demonstration (OCED), the Office of Manufacturing and Energy Supply Chain, the Office of…

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Target joins OpenAI’s growing list of retail apps

OpenAI is moving deeper into retail, aiming to launch a new ChatGPT-powered app for shoppers in the coming weeks. The news follows OpenAI’s move last month to add dedicated retail apps to ChatGPIT, including Canva, Coursera, Figma, Expedia, Spotify, and Zillow. It also comes to join the race for OpenAI AI-powered commerce through new products…

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