#technology #avoid #pilot #disorientation #improving #aviation #safety
A team at the University of Maryland is working on a flight suit that could help pilots avoid disorientation by using vibrations. The FAA says pilot disorientation causes 5% to 10% of all general aviation accidents. CBS News senior transportation correspondent Kris Van Cleave reports.
#technology #avoid #pilot #disorientation #improving #aviation #safety
PayPal said Monday it will allow businesses to accept payments in more than 100 types of cryptocurrencies, including bitcoin and ethereum.
Called “Pay with Crypto,” the new service will allow consumers to use many types of cryptocurrencies to complete their purchases, as well as to use wallets such as Coinbase and MetaMask, the company said in a statement. After shoppers pay in crypto, the payments will automatically convert to fiat or stablecoin.
PayPal has its own stablecoin, called PayPal USD, or PYUSD, which is backed by the U.S. dollar.
The California-based company said the new service will simplify cross-border commerce, increase merchant’s profit margins and reduce transaction fees associated with international credit card processing. PayPal is offering a 0.99% transaction rate until July 31, 2026, lower than the average credit card transaction rate, which typically ranges between 1.5% to 3.5%, according to NerdWallet.
“Building on our 25+ years in payments, we let users link their wallet, pay with any token, convert it instantly to PYUSD, and deliver USD to merchants in seconds. The result? Merchants pay less in fees and can instantly use funds,” Alex Chriss, president and CEO of PayPal, said in a post on X.
Businesses can opt into a beta version of the new system in the coming weeks, according to a company spokesperson. Availability will expand later this year, they added.
“Cryptocurrency promised a more affordable financial system and instant global transfers. But challenges persist: extreme price volatility, complex wallets prone to errors, and irreversible transactions with no easy way to issue refunds. Pay with Crypto helps relieve these challenges,” said Chriss in another X post.
PayPal is used by tens of millions of merchants around the world, according to a company spokesperson.
Last week, President Trump signed the GENIUS Act into law, further embedding the digital currency in the mainstream. The first major crypto legislation ever passed by Congress, the GENIUS Act establishes a regulatory framework for the $250 billion stablecoin market.
Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at “60 Minutes,” CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.
#PayPal #businesses #accept #payments #cryptocurrencies
YouTube announced on Tuesday it is planning to roll out a new age-estimation technology that will identify users under the age of 18. The new feature is intended to protect young teens from harmful content, the company says.
Powered by artificial intelligence, the tool will be able to assess a person’s age based on the types of videos they’ve watched, the categories of the videos, and how long the person has had their account — regardless of the birthday associated with it, James Beser, director of product management at YouTube, said in a statement on the platform’s blog.
If the technology identifies a person as under 18, it will take extra steps to regulate their content by disabling personalized advertising and limiting repetitive views of certain kinds of content, among other things. If YouTube incorrectly determines someone’s age, the user can upload a form of identification to fix the error.
“We will only allow users who have been inferred or verified as over 18 to view age-restricted content that may be inappropriate for younger users,” YouTube said in the blog post.
Google, which is the parent company of YouTube, did not immediately respond to CBS MoneyWatch’s request for comment.
According to a recent Pew survey, YouTube is the most popular social media app among teens. Ninety percent of teens ages 13 to 17 said they used YouTube last year, compared with 63% who said they used TikTok.
YouTube CEO Neal Mohan initially announced the age-detection technology in February. The new tool builds on other safety features like supervised accounts which allow parents to monitor their children’s YouTube activity more closely.
YouTube has also leveraged AI to identify and remove content it considers harmful, although since President Trump took office in January for his second term, the social media platform has shifted its policy to emphasize “freedom of expression” over safety, The New York Times reported.
YouTube says it will be testing the age-detection tool in the coming weeks among a small set of U.S. users, before rolling out the technology to a wider audience. The tool is already being used in other markets with success, the company states on its blog, but does not specify where.
Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at “60 Minutes,” CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.
#YouTube #roll #AIpowered #technology #aimed #identifying #teen #users
Have you ever found yourself repeating the words “speak to a human please” while on the phone with customer service? If so, you’re among the roughly 70% of Americans who find interacting with automated phone systems, versus human customer support representatives, frustrating.
That’s in part why Senator Ruben Gallego wants to ensure that consumers who find themselves on the phone with a customer service agent are in fact speaking to a human, and one who is in the U.S., if that’s their preference. He’s also well aware of the threat artificial intelligence poses to American workers, and is committed to protecting the roughly three million Americans who work in call centers across the country, according to the Bureau of Labor Statistics.
A new bipartisan bill, called the “Keep Call Centers in America Act of 2025,” introduced by Sen. Gallego and Sen. Jim Justice of West Virginia on Wednesday, proposes to ensure such jobs remain in the U.S. by limiting federal benefits for companies who ship them overseas.
The bill would require businesses that decide to ship call centers overseas to notify the Department of Labor at least 120 days before making such a move. It would also direct the DOL to maintain a public list of employers that have relocated call center work overseas. Under the bill, employers would remain on the list for five years, absent efforts to return call center jobs to the U.S.
Companies on such a list would be ineligible for new federal grants and federal guaranteed loans, under the proposed bill, while nonlisted companies would be given preference for federal contracts. Additionally, the DOL would be required to track any call center job losses related to AI.
To protect consumers, the bill would mandate that call center workers immediately disclose their physical locations to callers, and disclose whether AI is being used. Also, customers would be able to request to be transferred to a U.S.-based call center, if they so desired, under the proposed piece of legislation.
“People want to have the option of speaking to a human or AI. This isn’t new —who hasn’t pressed zero repeatedly to try to skip the automated systems because they want to talk to a human? This is a consumer check people want to see,” Sen. Gallego told CBS MoneyWatch.
In addition to supporting domestic jobs, keeping call center work in the U.S. helps safeguard American consumers’ data, he said.
“We are concerned about what it means for American consumers if they’re not talking to a human based in the U.S., when it comes to security around their private information,” Sen. Gallego said.
On the topic of AI taking over work currently performed by humans, Gallego acknowledged that the technology will inevitably bring about some job displacement.
“There will be changes and AI will cause some unemployment,” he said. “We can’t stop it entirely.”
The senator added that he is not completely opposed to AI taking over some customer service work, either. “If someone has a really good experience with an AI bot, there won’t be a problem as long as that person knows they’re talking to AI versus to a human,” Gallego said.
The Communications Workers of America (CWA) endorsed the proposed bill.
“This much-needed legislation protects U.S. call center jobs and addresses the growing threats posed by artificial intelligence and offshoring,” (CWA) Director of Government Affairs, Dan Mauer said in a statement. “Historically, companies have offshored customer service jobs to avoid paying good union wages and benefits. Now companies are using AI to de-skill and speed up work and displace jobs, which undermines worker rights and degrades service quality for consumers.”
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.
#bill #aims #protect #American #call #center #jobs #consumers
The U.S. job market, already showing the strain from global trade tensions, is showing early signs of another critical issue facing workers today: artificial intelligence.
In July alone, rising adoption of generative AI technology by private employers accounted for more than 10,000 job cuts, according to a report released this week by Challenger, Gray & Christmas. The outplacement firm lists AI as one of the top five factors contributing to job losses in 2025.
Layoffs have jumped this year, adding to fresh concerns about a pullback in hiring after new labor data on Friday showed that employers added only 73,000 jobs in July — well short of analyst forecasts. Through July, companies have announced more than 806,000 private-sector job cuts, the highest number for that period since 2020, according to Challenger, Gray & Christmas.
Of those layoffs, the technology industry wielded the sharpest axe — private companies in the sector have announced more than 89,000 job cuts, up 36% from a year ago. Since 2023, more than 27,000 job cuts have been directly tied to the advent of AI, according to the firm.
“The industry is being reshaped by the advancement of artificial intelligence and ongoing uncertainty surrounding work visas, which have contributed to workforce reductions,” Challenger, Gray & Christmas said.
The impact of AI on hiring is perhaps most visible among younger workers. Job listings for the kind of entry-level corporate roles traditionally available to recent college graduates have declined 15% over the past year, according to Handshake, a career platform geared toward Gen Z employees. Over the past two years, there has been a 400% increase in employers using “AI” in job descriptions, the firm found.
While AI is already starting to reshape how Americans work, for now other factors are having a more immediate impact on the labor market. More than 292,000 positions have been eliminated this year due to cuts linked to the Department of Government Efficiency (DOGE), an initiative to reduce federal spending spearheaded by billionaire Elon Musk, Challenger, Gray & Christmas found.
“We are seeing the federal budget cuts implemented by DOGE impact non-profits and health care in addition to the government,” Andrew Challenger, senior vice president of Challenger, Gray & Christmas, said in a statement.
Layoffs are also accelerating in the vast retail sector as tariffs raise the cost of doing business, according to Challenger, Gray & Christmas. Retailers have announced more than 80,000 cuts through July, up nearly 250% compared to the same period last year, the firm found.
“Retailers are being impacted by tariffs, inflation and ongoing economic uncertainty causing layoffs and store closures. Further declines in consumer spending could trigger additional losses,” the group said.
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.
#leading #thousands #job #losses #report #finds