The first brain-chip patient is seen playing online chess by Musk’s Neuralink.According to a survey, the number of people in the UK quitting their jobs because of long-term illness is at its highest level since the 1990s. According to the… Read More ›
Economy & Finance
The First Global Resolution On Artificial Intelligence Passed By The UN
The first worldwide resolution on artificial intelligence was overwhelmingly approved by the UN General Assembly on Thursday. It calls on nations to uphold human rights, secure personal information, and keep an eye out for any threats associated with AI. The… Read More ›
Bankers Say IPO Market In Europe Has A Hiccup, But It Is Still Recovering On Course
One day after German retailer Douglas bankers’ poorly greeted listing, anxieties are beginning to settle around Europe’s initial public offering (IPO) market thanks to the impressive debut of Swiss skincare business Galderma on Friday. After Porsche in September 2022, Galderma’s… Read More ›
The Massive Reversal In Central Bank Policy Begins
The largest central banks in the world are beginning to reverse a historic run of rate increases, but the path downward for borrowing costs will differ significantly from the upward trajectory. Fireworks and floodgates are not happening. Rather, banks on… Read More ›
Cryptocurrency Market Loses $400 Billion In Value As The Sell-Off Of Bitcoin Intensifies Following Its Record High
Wednesday saw more declines in Bitcoin, with the price momentarily falling below $61,000. This was part of a sell-off that started after the cryptocurrency achieved an all-time high last week. According to CoinDesk data, bitcoin had recovered to trade at… Read More ›
VC Firms Like Andreessen Horowitz And Saudi Arabia Are Reportedly In Talks To Establish A Massive $40 Billion AI Fund
According to New York Times article later confirmed by CNBC sources, Saudi Arabia’s sovereign wealth fund is in negotiations to establish a $40 billion fund to invest in artificial intelligence with American venture capital firm Andreessen Horowitz and maybe other… Read More ›
AI Being Used By Central Banks To Evaluate Climate-Related Risks
Central bankers announced on Tuesday that, at a time when the volume of disclosures from banks and other corporations is expected to increase, they have achieved a first by utilising artificial intelligence to gather data for evaluating climate-related financial risks…. Read More ›
$10 Trillion Government Bond Market In The Euro Zone Is Being Shaken Up By Hedge Funds
As funding demands rise and the European Central Bank pulls back, hedge funds are flooding the $10 trillion euro zone government bond market with capital, seeing possibilities. Traders and authorities claim that the funds are acquiring a sizable portion of… Read More ›
US Manufacturing Output Rises After A Dip Caused By Weather
With a rise in temperature, there was a higher than anticipated boost in manufacturing in U.S. factories in February. However, high rates of interest still constrains manufacturing resulting in a sharp downwards revision of the manufacturing data for the prior… Read More ›
Japanese Competitors Nissan And Honda Strike An Agreement On An EV Alliance
Japanese auto rivals Nissan Motor and Honda Motor said on Friday that they are thinking about forming a strategic alliance to work together on developing essential parts for electric cars and integrating artificial intelligence into automotive software systems. Given the… Read More ›