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In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San Francisco. But the rapid growth of the artificial-intelligence business may not be a panacea for the city's economic and commercial real-estate woes, according to a dozen tech industry professionals interviewed by Reuters. Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work.

Pakistan has signed a fresh nine-month stand-by agreement with the International Monetary Fund worth $3 billion in a last-ditch bid to avoid sovereign default.The agreement at the staff level is...

The current system allows admissions officers to make highly consequential decisions without transparency or accountability

Economists built a mathematical model for avoiding a machine learning disaster

Economists Daron Acemoglu and Simon Johnson on why progress requires more than technological innovation alone — guided by history.