Artificial intelligence is transforming businesses, attracting enormous investment, and pushing technology stocks to extraordinary valuations. However, the European Central Bank warns that enthusiasm for AI could also create financial risks that extend well beyond Silicon Valley. In a new analysis, ECB economists compare today's AI investment boom with previous technological revolutions, including railways, electricity, radio, and the dot-com era. Each introduced genuinely transformative technologies. Yet each was also accompanied by rapidly rising valuations followed by significant market corrections. The ECB argues that a similar correction in today's AI market is likely at some point, even if investors are right about…
Robot vacuums have become an unexpected target of a new US national-security policy on advanced robotics. The Federal Communications Commission (FCC) has added foreign-made advanced robotic devices to its Covered List, preventing many new devices in the category from receiving the authorization required for sale in the United States. Although much of the initial attention focused on humanoid and quadruped robots, the definition is broad enough to include a much more familiar household device: the robot vacuum. The change does not mean Americans need to stop using their current robot vacuums. Previously authorized models can continue to be imported and…
