Nvidia CEO Jensen Huang warns society must adapt as artificial intelligence (AI) becomes a bigger part of daily life. In an interview,Huang emphasized need for society to keep up with AI's rapid growth,which he sees driving economic and scientific advances. But he also acknowledged critics' concerns over potential job losses and existential risks from AI.
"We need to create new social norms," Huang said,urging people to actively engage with AI. His comments reflect a growing awareness among tech leaders that AI's societal impact must be addressed alongside its technological evolution.
Meanwhile,U.S. retail sales jumped 0.9% in May,beating economists' expectations. After revised 0.4% rise in April,Commerce Department data shows. Factors like good weather,stable gas prices,and generous government tax refunds lifted consumer spending.
Without gas station sales,retail numbers still climbed 0.7%. Clothing,home furnishings,online sales sectors saw big gains,showing broad recovery in consumer confidence.
As Federal Reserve gears up for its latest policy meeting,all eyes on Kevin Warsh,set to lead central bank after Trump appointed him. Economists expect Fed to keep key interest rate around 3.6% for fourth straight meeting. Warsh's first press conference will be closely watched by investors and policymakers.
In international trade,China's export growth brings new challenges for European economy. Despite U.S . tariffs,China's industrial output thrives,redirecting exports to Europe and Asia. This shift raises fears of a "China Shock 2.0," similar to early 2000s when U.S. manufacturing jobs were hit hard.
On stock market,U.S. stocks showed little direction as investors awaited Fed's rate announcement . S&P 500 edged up 0.1%,while Dow Jones gained 221 points. Nasdaq composite also ticked up 0.2%. Traders keen on Fed's future rate projections,as current environment stays uncertain.
In Japan,officials are probing six major ice cream manufacturers,including Meiji Co . and Morinaga Milk Industry Co.,for suspected price-fixing. Raids are part of a larger push to enforce anti-monopoly laws in food sector,where these firms also make various other confectionery goods.
As G7 summit unfolds in France,AI discussions take center stage. Leaders from different nations and top AI executives focus on safe,effective AI tech deployment. Talks come amid Europe's growing concerns over reliance on American AI models and vulnerabilities this creates.
Separately,Canadian Prime Minister Mark Carney wrapped up his G7 summit attendance without a formal meeting with President Trump . This absence raises eyebrows,especially as U.S.-Canada trade talks face uncertainty . Carney downplayed missed meeting's importance,highlighting ongoing discussions on North American free-trade agreement.
Lastly,British TV personality Jeremy Clarkson disclosed his prostate cancer diagnosis in final episodes of his reality show, Clarkson's Farm. 66-year-old said though disease is aggressive,it was caught early,and he's awaiting further prognosis after surgery...
