July 14, Friday, 2023

1. News outlets say that US authorities have opened an investigation into the developer of Chat GPT, the Al-powered chatbot. The Federal Trade commission is reportedly probing whether California-based OpenAI has violated consumer protection laws. It says ChatGPT can generate responses hat make “false, misleading, disparaging or harmful” statements about people.
2. The operator of Japanese clothing giant Uniqlo has posted record sales and profit for the nine months through May. The numbers were driven by strong sales overseas. Fast Retailing said its consolidated revenue for the period rose 21.4 percent from a year earlier to about 2.14 trillion yen. That’s about 15.3 billion dollars. Net profit also increased 0.3 percent. 3. A Hollywood actors’ union has decided to go on strike for the first time in 43 years. It is calling for higher pay and for the use of artificial intelligence to be regulated. The actors are seeking an increase in pay and residuals from streaming services.