Big tech escalated the artificial intelligence (AI) arms race at the start of 2023. Microsoft invested in ChatGPT owner OpenAI, Alphabet's Google publicized a countermeasure with the soft launch of Bard, and Meta Platforms said it's revamping its data centers to favor more efficient computing use as it rolls out new AI of its own across its social media apps. Behind all of this fancy new AI is an advanced kind of semiconductor system meant to be housed in a remote data center with its computation delivered to users via the internet. Read More...
MarketWatch
‘Working longer is not a realistic cure for retirement insecurity.’ Time to get real about how long you’ll really work.
Financial advisers and retirement coaches often have two words for people in their 50s and 60s concerned about retirement: Work longer. Doing so, they say, can boost their savings, help them receive larger Social Security benefits by delaying claiming them and provide something to do in unretirement. “As it currently stands, working longer is not a realistic cure for retirement insecurity for many Americans,” write Lisa F. Berkman, director of the Harvard Center for Population and Development Studies, and Beth C. Truesdale, a sociologist and research fellow at the W.E. Upjohn Institute for Employment Research and a visiting scientist at Berkman’s center.
