ISTANBUL (May 24): Turkey's lira weakened more than 3% on Thursday, giving up a large chunk of the gains it made after the central bank raised interest rates by 300 points a day earlier, as investors bet another hike would be needed to tame the sell-off.
The central bank raised its top interest rate to 16.5% at an extraordinary meeting on Wednesday in a bid to break a relentless, weeks-long fall in the currency. The lira had depreciated as much as 23% so far this year before the bank's move.
Google’s Duplex, an under-development AI system that makes phone calls on a person’s behalf has taken a bit of a beating in the media in the days since it was announced at the Mountain View company’s I/O event. Basically, Google’s AI team built a neural network capable of conducting real-world business over the telephone on behalf of a human. When CEO Sundar Pichai debuted it on stage, it was immediately apparent from the crowd’s reaction that it was the first “omg moment” of the event. I was in that crowd, and I’m not ashamed to admit I was quite wowed.… This story continues at The Next WebOr just read more coverage about: Google