Blankfein Steps Aside as Goldman CEO for Solomon
Lloyd Blankfein will retire as Goldman Sachs CEO after 12 years, to be replaced by David Solomon on Oct 1 with Solomon becoming chairman in 2019. The move comes as Goldman reports a 44 percent rise in second quarter profit driven by core advisory and trading businesses.
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Facebook bets on robotics to boost AI progress
Facebook announced hires of top AI academics including Jessica Hodgins, a former Disney researcher, and Abhinav Gupta at Carnegie Mellon. The move highlights robotics as a path to teach AI more efficiently and handle real world challenges, with experts noting robotics drives reality checks and faster learning.
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