After upgrading Bing with technology from the buzzy artificial-intelligence bot ChatGPT, Microsoft responded to reports of glitches and disturbing responses by saying the new search engine remained a work in progress. Microsoft described the past week as a learning experience that is helping it test and improve the new Bing. The company said in a blog post Wednesday that the Bing upgrade is “not a replacement or substitute for the search engine, rather a tool to better understand and make sense of the world.” Read More...
Reuters
U.S. household debt jumps to $16.90 trillion
Household debt, which rose by $394 billion last quarter, is now $2.75 trillion higher than just before the COVID-19 pandemic began while the increase in credit card balances last December from one year prior was the largest since records began in 1999, the New York Fed’s quarterly household debt report also said. Mortgage debt increased by $254 billion to $11.92 trillion at the end of December, according to the report, while mortgage originations fell to $498 billion, representing a return to levels last seen in 2019.
