Business Highlights: Goldilocks consumers, a surly chatbot

___ Cautious but steady consumers buoying hopes for US economy WASHINGTON (AP) — Call it the Goldilocks consumer. Defying high inflation and sharp interest rate hikes, Americans keep spending — a trend that, if sustained, could keep the economy humming just enough to help avoid a much-predicted recession. Surveys show that consumers on average don’t expect today’s still-high inflation to last for very long. That confidence could lead them to moderate their spending habits and wage demands, which would help slow inflation over time. If the combination lasts, it could make it easier for the Federal Reserve to tame inflation without derailing the economy. As inflation eased, the Fed would be able to curtail its rate hikes, making a recession less likely. ___ Is Bing too belligerent? Microsoft looks to tame AI chatbot Microsoft’s newly revamped Bing search engine can write recipes and songs and quickly explain just about anything it can find on the internet. But if you cross its artificially intelligent chatbot, it might also insult your looks, threaten your reputation or compare you to Adolf Hitler. The tech company said this week it is promising to make improvements to its AI-enhanced search engine after a growing […]

You may also like...