First state attempts to regulate AI have mile-wide self-reporting loopholes: ‘It’s already hard when you have these huge companies with billions of dollars’

Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision making are facing headwinds from every direction. Lawmakers working on these bills, in states including Colorado, Connecticut and Texas, came together Thursday to argue …

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Oil price trades lower despite Israeli strikes on Iran

Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices fell on Friday after Israel’s retaliatory strikes against Iran provoked a shortlived spike, in a sign of investors’ confidence that the action will not escalate into a broader conflict …

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Snap-On shares target cut amid Tools Group concerns

On Friday, Baird adjusted its outlook on Snap-On Incorporated (NYSE:), a global provider of professional tools and equipment. The firm’s analyst revised the price target downward to $282 from $295, while the stock’s rating remains at Neutral. The revision follows Snap-On’s first-quarter performance, which reflected a 7% decline in organic …

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AI Tool Predicts When Recruits Will Quit Jobs

The tool also analyses data on employees who left the company (Representational) Bosses worried about turnover or wondering how long a new hire will stick around can now turn to AI for a heads-up on who might be next out the door. The artificial intelligence tool was developed by Japanese …

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