Siemens CEO Says Germany Has Big Industrial Data Set for AI Push
'We are sitting on a massive amount of data,' Busch said Monday during a Bloomberg TV interview. 'This is one of the most industrialized economies in the world, and again, small and medium sized enterprises, large ones, they're creating data from their buildings, their manufacturing sites, their engineering.'
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13 minutes ago
- Yahoo
AI Could Replace Millions of Jobs: Robert Kiyosaki Shares How To Stay Safe
As artificial intelligence (AI) continues to advance, it will have a significant impact on the workforce as we know it. According to a recent McKinsey report, 30% of hours currently worked across the U.S. economy could be automated by 2030, and a National University report found that 300 million jobs could be lost to AI globally. Check Out: Read Next: 'Rich Dad Poor Dad' author Robert Kiyosaki views this as a major cause for concern, especially for those who are just entering the workforce. 'AI will cause many 'smart students' to lose their jobs,' he shared on X. 'AI will cause massive unemployment. Many still have student loan debt.' However, all hope is not lost, as Kiyosaki offered his advice on how to prevent AI from eliminating your income. Robert Kiyosaki: AI Can't Take a Job That You Don't Have Kiyosaki isn't personally worried that AI advances will affect his cash flow. 'AI cannot fire me because I do not have a job,' he wrote. Kiyosaki bucked a traditional path to wealth and instead relies on his own business and investments for his income. 'Years ago, rather than listen to my poor dad's advice of 'Go to school, get good grades, get a job, pay taxes, get out of debt, save money, and invest in a well-diversified portfolio of stocks, bonds and mutual funds,' I followed my rich dad's advice,' he said. 'I became an entrepreneur, investing in real estate using debt, and instead of saving fake money, I have been saving real gold, silver and, today, bitcoin.' Learn More: Kiyosaki's Advice for AI-Proofing Your Wealth To avoid losing your income to AI, Kiyosaki advised workers to take action now to diversify their income sources. This means meandering off the typical path to wealth and focusing on earning money through entrepreneurship and investments rather than being reliant on an employer. 'Please take proactive action,' he wrote. 'Please do not be a victim of this time in history. Please take care, invest in your self and think for yourself. These are not ordinary times.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 How Much Money Is Needed To Be Considered Middle Class in Your State? 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on AI Could Replace Millions of Jobs: Robert Kiyosaki Shares How To Stay Safe
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16 minutes ago
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DOGE AI Tool to Target 100K Federal Rules for Elimination: Report
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Department of Government Efficiency (DOGE) is reportedly using a newly developed artificial intelligence (AI) tool to accelerate the rollback of federal regulations, with a stated goal of eliminating 50 percent of all federal rules by the first anniversary of President Donald Trump's second inauguration, according to a Saturday report from The Washington Post. Internal documents reviewed by the newspaper, along with interviews with four government officials familiar with the project, reveal an ambitious timeline and a wide-ranging use of the tool across various agencies. Newsweek has reached out to the White House for comment via email on Saturday. Why It Matters DOGE was created by Trump through an executive order to improve efficiency and reduce waste in the federal government. It was led by billionaire Elon Musk who departed the administration in May. The reported plan represents one of the most aggressive attempts by the Trump administration to overhaul the federal regulatory system. By automating the deregulation process, the administration aims to reduce government spending and compliance burdens significantly. However, the use of AI to interpret complex legal language and determine regulatory necessity raises legal and practical concerns, particularly regarding accuracy, oversight, and the future role of civil servants in shaping public policy, according to the Post. What to Know The "DOGE AI Deregulation Decision Tool," developed by engineers brought into government under Elon Musk's DOGE initiative, is programmed to scan about 200,000 existing federal rules and flag those that are either outdated or not legally required. According to a PowerPoint presentation dated July 1 that was obtained by the newspaper, the tool estimates that approximately 100,000 of those rules could be eliminated, primarily through automation with minimal human input. The projection claims this could save trillions in compliance costs and spark increased external investment. At the Department of Housing and Urban Development (HUD), AI has already reviewed over 1,000 regulatory sections in under two weeks. Similarly, it was responsible for "100% of deregulations" at the Consumer Financial Protection Bureau (CFPB), according to the PowerPoint presentation. The Post, however, reported it was not able to confirm the use of AI at the agency independently. When asked about the use of AI for deregulation, White House spokesman Harrison Fields emphasized to the newspaper that "all options are being explored" to meet the president's deregulation goals. He clarified that no single plan has been finalized, and the effort is still in early, creative stages with ongoing consultation within the White House. DOGE plans to complete agency-specific deregulation lists by September 1 and finish nationwide rollout by January 20, 2026—labeled in internal documents as "Relaunch America." Agencies are currently receiving training on how to integrate the AI tool into their regulatory review process. The presentation claims the tool could save 93 percent of the labor typically required to gut federal rules, reducing what would usually take 3.6 million work hours to just 36. Despite these goals, some federal employees expressed concern about accuracy. 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While DOGE initially tried to play a leading role in the deregulation campaign, internal resistance from federal employees has slowed momentum. Agencies questioned DOGE's subject matter expertise and hesitated to outsource rulemaking authority to a third-party system. Moreover, the administration's efforts to downsize the federal workforce have hampered its ability to implement the deregulation strategy. An American flag waves at the U.S. Capitol Building on June 10 in Washington, D.C. An American flag waves at the U.S. Capitol Building on June 10 in Washington, People Are Saying Nicholas Bagley, a law professor at the University of Michigan, told The Washington Post about Trump's unilateral efforts to cut regulations: "There's been some flashy sideshow efforts to avoid the legal strictures, but in general, they don't stick." 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Yahoo
32 minutes ago
- Yahoo
See How Money Flows Drive Outliers Like Garmin
GRMN builds GPS equipment and wearable technology, focusing on automotive, aviation, marine, outdoors, and fitness markets. Its first-quarter fiscal 2025 earnings report showed record quarterly revenue of $1.54 billion (up 11% in a year), $333 million in operating income (up 12%), and per-share earnings of $1.61 (up 13%). No wonder GRMN shares are up 12% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Big Money Heads to Garmin Institutional volumes reveal plenty. In the last year, GRMN has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in GRMN shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of technology names are under accumulation right now. But there's a powerful fundamental story happening with Garmin. Garmin Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, GRMN has had strong sales and earnings growth: 1-year sales growth rate (+20.4%) 3-year EPS growth rate (+10.7%) Source: FactSet Also, EPS is estimated to ramp higher this year by +5.8%. Now it makes sense why the stock has been generating Big Money interest. GRMN has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Garmin has been a top-rated stock at MoneyFlows for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's up 3,840% since its first appearance on the rare Outlier 20 report in December 2002. The blue bars below show when GRMN was a top pick…Big Money loves it: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. Garmin Price Prediction The GRMN action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author owns GRMN in personal and managed accounts at the time of publication. If you are a Registered Investment Advisor (RIA) or a serious investor, learn how institutional trading flows can take your investing to the next level. This article was originally posted on FX Empire More From FXEMPIRE: Eye Outliers Like Synopsys Early with Money Flows EU's Sluggish Economy Faces Moderate Growth Slowdown from US Trade Tensions Germany: Successful Implementation of Infrastructure Investment Key to Growth, Fiscal Sustainability Buy Like Big Money: Carpenter Technology Soars SoFi Shares See Huge Bullish Signal, Could Rise More Coinbase on Fire from Sustained Big Money Buys Inicia sesión para acceder a tu cartera de valores
