State Massachusets Financial News

Subscribe to enjoy similar stories. Should you use AI for financial advice? Andrew Lo, a finance professor at the Massachusetts Institute of Technology’s Sloan School of Management, says not yet. Large language models like Copilot or ChatGPT aren’t suited to being used as financial advisers because they are the digital equivalent of sociopaths—smooth, persuasive and devoid of empathy.

Subscribe to enjoy similar stories.In 1954, conductor Herbert von Karajan and the Philharmonia Orchestra released what was considered a definitive recording of Ludwig van Beethoven’s Ninth Symphony. It was meant to capture the grandeur of the Ode to Joy for home listeners.But when Amar Bose, then a brilliant graduate student at Massachusetts Institute of Technology and an obsessive music lover, bought an expensive high-fidelity stereo to listen to it in 1956, he was deeply disappointed.The symphony, which should have felt like a tidal wave of sound, felt more like a trickle.

Subscribe to enjoy similar stories.This summer’s World Cup was supposed to be the triumphant return of the planet’s favorite sport to America. But as the U.S. men’s national team prepares to host the tournament for the first time since 1994, its opening game has even hardcore fans feeling left out.The first match, against Paraguay on June 12 in Los Angeles, should have been a sold-out celebration.

The AI Impact Summit held last week brought many members of the global technology royalty to New Delhi. It also featured the launch of India’s first multi-billion parameter large language model, saw announcements of big investments in artificial intelligence (AI) infrastructure and ended with an international declaration on the need for democratic diffusion of AI. Venture capitalist Vinod Khosla set the cat among the pigeons by saying that AI may destroy the software services and business processing outsourcing businesses that are so important to the Indian economy.

Subscribe to enjoy similar stories. On Monday, President Trump surprised Democratic Sen. Elizabeth Warren with a phone call after she criticized him during a speech on affordability.

Subscribe to enjoy similar stories. The U.S. will put a 25% tariff on any country that does business with Iran, President Trump said on Monday, raising pressure on the Middle Eastern nation after days of protests against the government.

HCL Technologies Ltd announced acquisitions for $400 million in the past week, the most spent on such transactions in three years, to strengthen its AI and data offerings for customers increasingly adopting automation.India’s third-largest IT services company said on Monday that it would spend more than $240 million to buy Jaspersoft, a US data analytics company. That day, HCL also said it would buy Wobby BV, a Belgian startup that provides AI agents for data analysis purposes.The company’s acquisition spree started on 18 December, when it said it would purchase the Telco Solutions business of Hewlett Packard Enterprise for $160 million.

. The company ditched plans last year for its Cruise robotaxi program after spending $10 billion and a decade on its development. It has suffered setbacks around its EV and autonomous-driving strategies.

Subscribe to enjoy similar stories. Francisco D’Souza, the former Cognizant chief who had once helped secure the $2.7-billion TriZetto healthcare software deal and locked horns with its rival HealthEdge in court, is now betting big on that very competitor. This time, steering its next chapter with Bain Capital.

Lena Dunham recently stepped out to lead a rally for trans rights just outside the US Capitol. The 38-year-old feminist advocate made a rare appearance in Washington DC on March 31. The rally was hosted by the Christopher Street Project for the Trans Day of Visibility, People magazine reported.

This has put millions of American users and potential purchasers on tenterhooks as they wait for further news.

Tech companies are now packing GPUs — which are ideal for running the calculations that power AI — as tightly as possible into specialized computers. The result is a new kind of supercomputer — a collection of up to 100,000 chips wired together in buildings known as data centres to hammer away at making powerful AI systems.

TGI Fridays has shut down nearly 130 stores in the United States in the last several months. This development comes as TGI Fridays faces ongoing bankruptcy proceedings as slumping sales and shifting trends have hit many casual dining-style chain restaurants hard. TGI Fridays shut down 130 stores in tragic decline: 10 points -TGI Fridays is slated for mass shutdowns for the year 2025. TGI Fridays, once known for its flair-laden servers, endless appetizers and festive atmosphere has closed a total of over 130 stores this year, since filing for Chapter 11 bankruptcy in November 2024. ALSO READ: US recession storm may be brewing. Deutsche markets survey pushes the possibility towards 50% -According to The Mirror, the most recent spate of closures took place in New York, New Hampshire, Maryland, Massachusetts, and Ohio with signs on locked doors citing the “difficult decision” to close.

Subscribe to enjoy similar stories. Going to Harvard just got more affordable for most of America. The Ivy League school is significantly expanding financial aid to make undergraduate admission tuition-free for families making up to $200,000 and completely free for families making up to $100,000.

Sunita Williams is all set to return to Earth soon after spending nearly nine months in space. Renowned for her contributions to NASA, Sunita Williams is known for her significant strides in space exploration, ground breaking achievements and record-setting spacewalks. An accomplished NASA astronaut and retired US Navy Captain, Sunita Williams has left an indelible mark on the world of space exploration.

Sarah McBride, D-Del, the first openly transgender person elected to Congress was misgendered by Republican colleagues during a House Foreign Affairs Subcommittee hearing on Tuesday. The incident later escalated into a heated exchange and drew further attention to the challenges McBride faces in Congress.

Subscribe to enjoy similar stories. SCIENTISTS LOOKING to remove carbon dioxide (CO2) from the air cleanly and cheaply have long been interested in metal-organic frameworks, or MOFs: gigantic, sponge-like molecules that can be precisely engineered to capture the gas and then release it on command. Made of metal ions held together by compounds containing carbon, MOFs come in a dizzying array of structures, each with its own distinct properties.

OpenAI on Tuesday said it is supporting a new consortium, NextGenAI, aimed at advancing AI-assisted research at top universities. Sharing the company’s blog post, OpenAI chief Sam Altman said on X, “excited for this—advancing research and education with AI.”

President Donald Trump's pick to lead the Consumer Financial Protection Bureau on Thursday withstood grilling from Democrat senators who repeatedly asked him to confirm that he would uphold his legal obligations to run the agency.

Democrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against the moves that the Trump administration and Elon Musk have taken to neutralize the Consumer Financial Protection Bureau.

National Grid Plc agreed to sell its U.S. onshore renewables business to Brookfield Asset Management for US$1.7 billion after United States President Donald Trump vowed to curb the growth of green electricity.