Posted inLocal News

AI boom lifts CalPERS investments as board leader warns of possible catastrophic risks

CALIFORNIA PENSION FUNDS are doing well this year in no small part because of the still-booming stock market and stratospheric valuations of artificial intelligence companies. But an unsettling question emerged at this week’s board meeting for the California Public Employees’ Retirement System: What if the new technology leads to catastrophe? “This is humanity,” board President Theresa Taylor said Monday […]

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