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OpenAI’s ChatGPT receives complaint from FTC as tech leaders layoff ethical AI teams

Yahoo Finance tech editor Dan Howley explains how FTC regulators have filed a complaint against OpenAI, citing GPT-4 as a "risk," while tech companies continue to lay off members of its artificial intelligence ethics teams. Read More...

Reuters

US semiconductor index hits highest in nearly a year on hopes for industry turn

The Philadelphia semiconductor index hit its highest level in nearly a year on Thursday, as optimism grows that a sales downturn in the industry has reached its nadir, in part due to a surge in artificial intelligence (AI) technology. The index climbed 1.6%, adding to a gain of more than 3% on Wednesday, and it is now on track for its biggest two-day percentage gain in nearly two months, hitting its highest level since April 6 after a flurry of updates from several chipmakers including Intel, Micron Technology and Germany’s Infineon. Micron forecast a sharp drop in third-quarter revenue from the year-ago period on Tuesday, but CEO Sanjay Mehrotra said he was confident about the long-term and said the memory chip industry would see a record calendar year 2025 in terms of market size as AI will help boost sales.

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