Bangkok Post – The thorny issue of digital wallet funding

Bangkok Post – The thorny issue of digital wallet funding

Mr Srettha’s government plans to rely on budget expenditure for its flagship digital wallet scheme. (Photo: Chanat Katanyu) The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which …

Read more

Internet spirit should be nurtured to make life better – Opinion

Internet spirit should be nurtured to make life better – Opinion

[Photo/VCG] China gained full access to the World Wide Web 30 years ago, on April 20, 1994. Thirty years later, China has the largest network infrastructure and the second-largest digital economy in the world. The digital economy has become a powerful engine for China”s economy. With the support of advanced internet technology, even small sellers …

Read more

Best Buy will use AI to help customers, cuts costs with layoffs

Best Buy will use AI to help customers, cuts costs with layoffs

Best Buy has made significant cuts to its workforce, including the Geek Squad. On the heels of the cuts, the Minnesota-based company announced that artificial intelligence will help customers Addressing “lower business demand,” Best Buy has made a significant cut to its workforce and laid off a number of employees, including Geek Squad field agents, …

Read more

How the U.S. government is regulating AI

How the U.S. government is regulating AI

The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end …

Read more

Dow Jones Futures: Stock Market Awaits CPI Inflation; Tesla Rises As Nvidia Falls On Rival AI Chips

Dow Jones Futures: Stock Market Awaits CPI Inflation; Tesla Rises As Nvidia Falls On Rival AI Chips

Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures.  The CPI inflation report looms Wednesday, along with key reports from Delta Air Lines (DAL) and Nvidia chipmaker Taiwan Semiconductor (TSM). X The stock market rally generally edged higher Tuesday, with investors wary of big moves ahead of the CPI …

Read more

Federal internet subsidy program expires

Federal internet subsidy program expires

Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. The $30 per month Daisy Solis has saved off of her internet bill for the past two years stretched a long way. Those dollars covered new shoes for her three, growing children, dinners …

Read more

Ireland uses internet more than most countries in Europe

Ireland uses internet more than most countries in Europe

A NEW study has found that the Netherlands is the most active online, out of every country in Europe. Iceland and Ireland come second and third, respectively. SEO agency Digital Climax analysed data from Eurostat to compare the percentages of individuals engaged in six selected categories of online activity across each country in Europe. The …

Read more

Bangkok Post – Govt upbeat on wallet handout

Bangkok Post – Govt upbeat on wallet handout

Digital cash bonus to launch at the end of year Deputy Finance Minister Julapun Amornvivat, centre, meets supporters of the digital wallet project at the Pheu Thai Party headquarters in October last year. (Photo: Somchai Poomlard) The government will launch its flagship digital wallet handout scheme in the last quarter of the year, with the …

Read more

Serfing the Internet

Serfing the Internet

For as long as there has been “capitalism,” there have been observers predicting its demise—most famously Karl Marx himself, who helped popularize the term. Nearly a century later, James Burnham foresaw a “managerial revolution,” in which control over production would be taken over by a new class of administrators and technocrats, while Joseph Schumpeter prophesied …

Read more