A.I. 2030 | $13 trillion boost to economy, deepening disparity: McKinsey

Internet of Business says Artificial intelligence (AI) could deliver additional economic output of $13 trillion by 2030, boosting global GDP by 16 percent, according to a new report from management consulting firm, McKinsey. However, a key challenge will be that the technology widens disparity between countries, between companies, and between citizens in economic and opportunity…

Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger – TechCrunch

Uber and Grab have been hit with combined fines of $9.5 million after their merger deal was found to have violated Singapore’s anti-competition laws. Grab acquired (and then merged/closed) Uber’s Southeast Asia business in March, but the Competition Commission of Singapore today declared the deal is “anti-competitive” following a months-long investigation into its impact on…