There’s a really good reason for your business not to use emotional analysis software

Experts from the UK’s Information Commissioner’s Office (ICO) have warned against the use of AI-powered emotional analysis systems, fearing that its drawbacks may fair outweigh the benefits, at least for now. Wearable screening tools for health monitoring, or behavioural monitoring like body position, speech, and eye and head movements, are given as examples whereby the…

Short seller Jim Chanos warns Tesla stock is pricing in absurd hopes and dreams – and Elon Musk seems distracted by Twitter

Jim Chanos. Reuters Tesla’s valuation is built on unrealistic hopes for Elon Musk’s company, Jim Chanos said. The short seller noted the automaker’s stock price suggests it will transform multiple industries. Musk is distracted by running Twitter and geopolitics, while Tesla faces challenges in China, Chanos added. Tesla can’t possibly meet its fans’ outsized expectations,…

The Biden administration wants oil companies to take their super-sized profits and invest them, presidential advisor says

Oil and gas prices are back on the rise again as supply remains tight. (Photo by Allison Dinner/Getty Images) Biden wants oil giants to invest their huge profits in US energy production, his advisor said.   “Clearly we need to bring the prices down so consumers can afford it,” Amos Hochstein told CNBC.  Oil prices have…

UK intel says Russia is rushing reserve troops into battle with ‘barely usable’ rifles, creating a new kind of headache for Putin’s generals

Reservists drafted during the partial mobilisation attend a departure ceremony in Sevastopol, Crimea, on September 27, 2022. Photo by STRINGER/AFP via Getty Images Russia sent newly mobilized reservist troops to Ukraine with “barely usable” rifles, UK intel says. Britain’s defense ministry said some of these soldiers are using guns designed in 1959.  Different types of…

Elon Musk’s biographer, who was shadowing him, says the billionaire likely decided it was ‘unwise’ to post a baseless conspiracy theory about Pelosi’s husband and deleted it

Nancy and Paul Pelosi next to Elon Musk Leon Neal/Getty Images and Michael A. McCoy/Getty Images Walter Isaacson said Elon Musk likely later thought it was “unwise” to tweet a conspiracy theory. On Sunday, Musk tweeted and then later deleted an unsubstantiated claim about Paul Pelosi’s attack. Isaacson shadowed Musk last week for his biography…

The odds of a soft landing are ‘meager’ and recent rallies in the stock market haven’t been supported by fundamentals, Mohamed El-Erian says

Mohamed El-Erian Mohamed El-Erian The odds of the Fed sticking a a soft landing of the economy are “meager,” Mohamed El-Erian warned. The economist said that recent rallies in stocks have been unsupported by economic fundamentals. “This is a market that repeatedly falls in love with liquidity and therefore rallies.” The odds of a soft…

Larry Summers says economic data hasn’t yet warranted a dovish Fed pivot, and policymakers need to stay the course

Larry Summers Hyungwon Kang/Reuters Former Treasury Secretary Larry Summers said it’s too early for the Federal Reserve to talk about easing up on rate hikes.  He told Bloomberg that policymakers should stay the course on “doing what’s necessary.”  “I do not think that the dovish pivot in some of the rhetoric coming out of the…