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Search results for University of Michigan

Crypto

IEA cuts oil supply outlook again; could it shake bitcoin rate-cut hopes

The International Energy Agency cut its 2026 oil supply outlook again and pushed back the timing for a full recovery of supply in the Gulf region to 2027. The agency also lowered its demand outlook and estimated a steep draw in confirmed global oil inventories. The shifts add uncertainty for bitcoin investors focused on inflation and the path of U.S. interest rates, while U.S. inflation expectations have risen in a University of Michigan survey.

AI & Enterprise

Nvidia CEO dismisses AI risk talk as fear marketing to sell security products

Nvidia CEO Jensen Huang dismissed the recent debate over AI risks as a tactic to create new cybersecurity demand, Axios reported. Speaking at a Goldman Sachs conference, he said the industry was preparing new products and that there was no better way to create demand than to create a problem. The controversy intensified after an Anthropic researcher resigned and warned that AI could destroy humanity. A Michigan professor said Huang has self-interest, but his narrative is being overtaken by fear-based claims.

Industry

Ryu Jae-cheol (류재철) says LG Electronics making physical AI bet to drive meaningful change

Ryu Jae-cheol, CEO of LG Electronics, hosted a North America Tech Conference in San Francisco on Aug. 29 to secure overseas R&D talent, the company said. About 100 participants attended, including PhD researchers from major U.S. universities and experienced R&D staff from big tech and startups. LG Electronics presented robotics, AI data center cooling and mobility as key growth pillars based on physical AI, and outlined data and manufacturing strengths.