Although Microsoft-backed OpenAI has restricted access to its popular ChatGPT app in China, the app is generating a lot of interest in the country, with companies rushing to integrate the technology into their products and launch competing solutions. While residents… Read More ›
After zero-Covid, some Chinese factories are not moving at full speed. According to CEO Jay Foreman, all 20 of the Chinese factories that U.S. toy manufacturer Basic Fun works with have instructed staff members not to report back to work… Read More ›
According to a Goldman Sachs research note, hedge funds betting against stocks globally exited those trades at the fastest rate since 2015, outpacing their exit from the meme stock frenzy two years ago. The latest short squeeze, which indicates that… Read More ›
According to a currently confidential United Nations report seen by Reuters on Monday, North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies. “(North Korea) used increasingly… Read More ›
According to an early draft of a global pandemic agreement, governments may have to reserve drugs and vaccines for the World Health Organization to distribute in poorer countries to avoid a repeat of the “catastrophic failure” during the COVID-19 pandemic…. Read More ›
The Federal Reserve said on Wednesday that it had turned a key corner in the fight against high inflation, but that “victory” would still necessitate raising its benchmark overnight interest rate further and keeping it there at least until 2023…. Read More ›
According reports quoting information from a document of the European Commission, the European Union (EU) plans to consult companies in the technology and telecoms sectors about whether tech behemoths such as Alphabet Inc’s Google, Meta, and Amazon.com Inc should be forced to subsidize network costs…. Read More ›
Asia’s factory activity fell in January as the boost from China’s COVID reopening failed to offset headwinds from slowing US and European growth, according to surveys released on Wednesday, underscoring the region’s economic recovery’s fragility. According to a private sector… Read More ›
The United States has made China’s semiconductor industry a priority, imposing a series of export restrictions upon many parts of the country’s chip sector supply chain in an effort to slowdown its rival’s technological advancement. While Beijing has invested heavily in… Read More ›
After a wave of COVID-19 infections spread through China more quickly than anticipated as a result of the abandoning of pandemic restrictions, the country’s economic activity turned back to growth in January. The first comprehensive data to demonstrate how rapidly… Read More ›
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