TELEDYNE
In US-China AI contest, the race is on to deploy killer robots
One is pricey and slow: For a new force of up to 13 nuclear-powered attack submarines, the Australian taxpayer will fork out an average of more than AUD$28 billion ($18 billion) apiece. And the last of the subs won't arrive until well past the middle of the century.
In U.S.-China AI contest, the race is on to deploy killer robots
The Australian Navy is investing in two different submarine technologies to counter the rising power of China. One approach involves building expensive nuclear-powered submarines, while the other focuses on developing cheap and fast unmanned submarines powered by artificial intelligence (AI), known as Ghost Sharks. The Ghost Sharks, costing less than 1% of the nuclear submarines, will be delivered by mid-2025. The use of AI and automation is revolutionizing military power and could potentially reshape the rivalry between China and the US.
Wall Street ends lower on worries over Georgia elections, virus surge
The Dow, which touched a record high earlier in the session along with the S&P 500, was also dragged down by a more than 4% fall in Boeing Co's shares after Bernstein cut its rating to "underperform," citing concerns about cash flow.
How to identify great CEOs for success in long-term investing
Thorndike says while running an organisation, an exceptional CEO does unorthodox things to get exceptional results, while an ordinary CEO performs the same tasks as his peers, which restricts a business’ potential and performance.
