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UK wage growth has slowed significantly, with total pay rising just 3.8% in the three months to August, the lowest since November 2020. Economists warn that upcoming tax increases could further impact wages as hiring declines and business confidence wanes.
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On October 12, 2024, California Governor Gavin Newsom vetoed Senate Bill 1047, which aimed to impose safety regulations on large AI models. The bill faced criticism for potentially stifling innovation while supporters argued it was necessary for public safety. Newsom emphasized the need for a more nuanced approach to AI regulation, citing concerns over its impact on the tech industry.
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Victor Ambros and Gary Ruvkun have been awarded the 2024 Nobel Prize in Physiology or Medicine for their groundbreaking discovery of microRNAs, which play a crucial role in gene regulation. This discovery has significant implications for understanding diseases like cancer and diabetes, although practical applications are still in development.
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Geoffrey Hinton and John Hopfield have been awarded the 2024 Nobel Prize in Physics for their foundational work in artificial intelligence and machine learning. Hinton, known as the 'godfather of AI,' has raised concerns about the existential risks posed by advanced AI technologies.
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The 2024 Nobel Prize in Chemistry has been awarded to Demis Hassabis and John Jumper of DeepMind, alongside David Baker from the University of Washington, for their groundbreaking work in protein structure prediction and design. This recognition highlights significant advancements in biochemistry and artificial intelligence.
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South Korean author Han Kang has been awarded the 2024 Nobel Prize in Literature, becoming the first South Korean and first Asian woman to receive this honor. Her works, including 'The Vegetarian' and 'Human Acts,' explore themes of trauma and societal issues, leading to a surge in book sales and national pride.
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The Nobel Peace Prize winner will be announced today amid ongoing global conflicts, including wars in the Middle East and Ukraine. The decision comes as the world grapples with escalating violence and humanitarian crises, raising questions about the relevance of the award in such turbulent times.
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Geoffrey Hinton and John Hopfield received the Nobel Prize in Physics for foundational work in AI, while Demis Hassabis and John Jumper from Google DeepMind won the Chemistry prize for breakthroughs in protein structure prediction. This recognition highlights AI's growing influence in science and raises ethical concerns about its commercialization.
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The Nihon Hidankyo, a group representing survivors of the Hiroshima and Nagasaki atomic bombings, has been awarded the Nobel Peace Prize for its advocacy against nuclear weapons. This recognition comes amid rising global tensions and highlights the urgency of their message ahead of the 80th anniversary of the bombings.
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Daron Acemoglu, Simon Johnson, and James Robinson won the 2024 Nobel Prize in Economics for their research on how institutions shape prosperity. Their work highlights the historical impact of colonialism on economic inequality, emphasizing the importance of inclusive institutions for sustainable growth. The award comes amid ongoing global economic challenges.