Search results for U.S. Department of Labor
AI & Enterprise
AI benchmarks miss 90 percent of human work, leaving blind spot in performance assessments
Existing benchmarks used to assess AI job performance cover only a small slice of real workplace tasks, an analysis found, making it difficult to conclude broad job capability from high test scores. U.S. AI talent and evaluation firm Mercor said about 90 percent of U.S. work hours are tied to tasks not adequately assessed. Using the Labor Department’s O*NET database, it mapped 29 benchmarks to 18,797 tasks and found only 4.9 percent met its coverage threshold.
Telecommunications & Media
Samsung price hike seen raising pressure on Apple and Google smartphone prices
An analysis says Samsung’s decision to raise prices by $100 across its latest foldable flagship and ultra-premium smartphones is increasing upward pressure on prices across the industry. The report says similar moves by Google and Apple are being discussed, with concerns that consumers may extend replacement cycles. It cited commentary from Engadget and examples including Valve’s Steam Deck pricing and survey and research findings on how higher prices could reduce demand.
Crypto
U.S. producer price cooling triggers heavy XRP short liquidations, liquidation gap at 331 percent
U.S. June producer prices came in below expectations, sparking a jump in XRP short-position liquidations and a 331 percent liquidation imbalance over 24 hours. Monthly PPI fell 0.3 percent, while annual inflation eased to 5.5 percent, helping ease concerns about Federal Reserve tightening and pushing the dollar index down to 100.562. Bitcoin and ether rose, and XRP broke several resistance levels. CoinGlass data showed $2.56 million in XRP shorts were liquidated versus $593,260 in longs.
