Microsoft to keep working with military
REDMOND, Wash. >> Microsoft plans to continue to provide its technology to the U.S. military, despite worries that advances in the field of artificial intelligence could empower weapons to act autonomously and kill people.
The company laid out its reasoning Friday in a blog post by Brad Smith, Microsoft’s president. He wrote that he and Microsoft CEO Satya Nadella addressed employee concerns about Microsoft’s military work in a regularly scheduled meeting Thursday, and conceded some workers are still uneasy about it.
Nevertheless, Smith says Microsoft will extend its more than 40-year relationship with the U.S. Department of Defense because the company believes its home country should have a strong military with the best technology.
U.S. economy strong in third quarter
The U.S. economy barreled ahead in the third quarter as consumers stepped up and spent more, keeping it on track for the best annual performance since 2005.
The government said Friday the economy expanded at an annualized rate of 3.5 percent between July and September after the 4.2 percent pace in the previous quarter. But there were signs that the growth could cool in the coming months.
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Businesses remain hesitant to increase spending, despite the large corporate tax cut enacted late last year. If there is a slowdown in the economy, it could further unsettle the markets, which have slumped in recent weeks. The S&P 500 fell 1.7 percent Friday and is down nearly 9 percent for the month.
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ON THE MOVE
>> Hospice Hawaii has named as director of finance Wennie Tomita, a certified public accountant with more than 25 years’ experience. She previously was vice president of finance and chief financial officer for Kuakini Health System.
>> Punahou School has elected Duane Kurisu to its board of trustees. Kurisu, chairman and chief executive officer of aio, also serves as advisory board chairman of the Hawai‘i Executive Conference.
>> Hoakalei Country Club has appointed Tad Fujimaki as the private country club’s newest general manager. He was previously an assistant general manager for the country club since 2014. Fujimaki served as an assistant golf pro and golf sales manager when he first started his golf career at Turtle Bay Golf.