On Monday, the Chinese search engine Baidu posted recorded videos of Ernie, an AI-powered chatbot, summarizing financial statistics and creating PowerPoint presentations, among other business-focused functions. Images posted by a Baidu representative in a media-focused group on WeChat, China’s most… Read More ›
Even if the US chipmaker Nvidia’s potent processors are sold in vast amounts to the industry, the corporation has claimed that cryptocurrencies do not “deliver anything good for society.” Other applications of computing power, such the artificial intelligence chatbot ChatGPT,… Read More ›
A senior Communist Party official warned on Saturday that China’s economic recovery’s base is not strong enough and warned of potential spillover consequences from the world’s economic issues. Han Wenxiu, deputy chairman of the party’s office for finance and economic… Read More ›
Investors’ concerns that regulators and central banks have yet to manage the greatest shock to the industry since the 2008 global financial crisis caused shares of Germany’s largest bank, Deutsche Bank, to fall on Friday. Despite assurances from policymakers that… Read More ›
Shou Zi Chew, the CEO of TikTok, was grilled by a US congressional investigators for four and a half hours on Thursday. Other people can run marathons faster than that, as one legislator noted. Chew will undoubtedly feel it after a… Read More ›
Cash-strapped In contrast to eating out and ordering takeout last month, British consumers purchased at sales and grocery stores, which unexpectedly increased retail sales, according to government figures released on Friday. According to the Office for National Statistics, British retail… Read More ›
The government’s relationship with the social media behemoth, which is making a concerted effort to separate itself from Beijing authorities, is made plain by China’s declaration that it would “seriously oppose” a forced sale of TikTok. The Chinese rule on… Read More ›
The United Nations urged states to better manage one of humanity’s shared resources on Wednesday during its first meeting on water security in nearly 50 years. According to the U.N., half of the world’s population lacks access to basic sanitation,… Read More ›
Joseph Lubin, the co-founder of Ethereum, blasted regulators for comparing the ether cryptocurrency to a security, claiming that it is more comparable to a commodity like oil. At Paris Blockchain Week on Thursday, Lubin stated he was “quite certain” ether… Read More ›
Evergrande, a troubled Chinese real estate behemoth, has unveiled plans to restructure $20 billion in offshore debt, which might serve as a template for other suffering developers. According to the company, the actions will aid in “efforts to resume operations… Read More ›
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