People like famed physicist Stephen Hawking and Tesla's Elon Musk have issued dark warnings of a world where computers become so sophisticated, so quickly, that humanity loses control of them—and its own destiny as a result. Yet Peter Norvig, a leading artificial intelligence scientist and a director of research at Google, thinks that's far-fetched. "I don't buy into the killer robot [theory]," he told CNBC this week. The real worry is how to prepare for the mass elimination of jobs that is surely coming, he said. "I certainly see that there will be disruptions in employment … we've already seen a lot of change, that's going to continue," Norvig said in an interview, before a lecture on machine
The Trump administration’s proposal to lower the corporate tax rate to 15% has revived hopes that big U.S. companies will soon be motivated to bring back massive overseas cash piles. U.S. companies had about $1.3 trillion in cash held in overseas accounts at the end of 2016, according to Moody’s Investors Service. Apple Inc.(AAPL)has the most cash overseas of any U.S. company at about $230 billion, according to Moody’s Investors Service.
Verizon Communications Inc. (VZ) last week saw its shares tumble by 2.84% to maintain its position as the worst-performing stock among the 30 equities included in the Dow Jones Industrial Average. For the year to date, Verizon's shares are down 13.99%. The good news for investors is that Verizon's dividend yield is now 5.03%.