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CEO: No choice but to change society for AI
Nvidia CEO Jensen Huang -- whose work helped propel artificial intelligence -- is stressing in an Associated Press interview that society has no choice but to change in the advent of AI.
As the head of a computer chip company now developing AI systems, Huang has felt obligated to respond to critics who warn of job losses and threats to humanity itself. "We need to create new social norms," Huang said in an interview Tuesday. "I would advocate that everybody use AI."
Oil drops below $80 per barrel; tech stocks drop
Oil prices sank again, while U.S. stocks drifted to a mixed finish near their all-time highs. The S&P 500 slipped 0.6%, though it was nearly evenly split between rising and falling stocks. The Dow gained 0.6% to hit another record, while the Nasdaq composite fell 1.2%.
Drops for several influential AI stocks weighed on the market. They've been leading the market up and down amid worries their stock prices shot too high. Brent crude's price dropped below $80 per barrel for the first time since early March.
McDonald's serving fried apple pie again
McDonald's is frying up some apple pies to honor America's 250th birthday. The company said on Tuesday that it's bringing back its fried apple pies for the first time in more than three decades.
The fast-food chain replaced the pies with baked ones in most of the U.S. in 1992 in response to growing concerns about fried foods. Fried apple pie will be available at most U.S. restaurants for a limited time starting June 23.
Trump signals return of sanctions on Russian oil
President Donald Trump and G7 leaders are focusing on the Ukraine war and Trump is considering reimposing sanctions soon on Russian oil shipments.
Tuesday's comment comes after the announcement of a deal to end the Gulf conflict, which is expected to allow more oil to move through the Strait of Hormuz.
ICE: Relaxed detention rules help contractors
Contractors running Immigration and Customs Enforcement facilities can rely more heavily on artificial intelligence tools to communicate with detainees and continue refusing to pay wages for detainees' "voluntary work." ICE released revised detention standards on Monday governing the for-profit contractors and jails that hold its detainees.
The agency says they were revised to "reduce the burden on our detention operators." Experts said the changes would help contractors limit legal liability, reduce costs and get more operational flexibility while doing little, if anything, to improve conditions for roughly 60,000 people currently detained.