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No one would ever accuse Sam Altman, CEO of OpenAI, the U.S. startup that sparked the artificial intelligence (AI) boom, of thinking on a small scale. The photo shows Mr. Altmann attending the World Economic Forum’s annual meeting (commonly known as Davos) held in Davos, Switzerland. Photo taken on January 18th (2024 Reuters/Denis Balibouse) NEW … Read more
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[Tokyo, 8th]- At its board meeting on the 6th of this week, the Reserve Bank of Australia (RBA) announced that it would leave policy unchanged, but maintained its tightening bias. The Australian dollar is expected to recover against the US dollar in the medium to short term, and in the meantime, it is likely to … Read more
Japanese startup ispace inc announced that their attempt to make the first private moon landing failed, as they lost contact with their Hakuto-R Mission 1 (M1) lander, leading them to assume that it most likely crashed on the lunar surface. This marks the second major setback for private space development in a week, following SpaceX’s … Read more
Apple has announced plans to invest another $200 million in its carbon removal initiative, a fund aimed at removing carbon dioxide from the atmosphere. This move comes as part of the company’s long-term efforts to reduce its carbon footprint and become carbon-neutral by 2030. With this investment, Apple hopes to accelerate the development of innovative … Read more
UAE telco company, Etisalat, is taking a page out of India’s playbook by launching its own super app, Breakingviews. Hoping to emulate the success of India’s Jio Platforms and its all-in-one app JioMart, Etisalat’s Breakingviews aims to offer customers a seamless experience that combines e-commerce, digital payments, and a variety of other services. As the … Read more
Bitcoin has been on a rollercoaster ride in 2021, surpassing $30,000 for the first time on January 2nd. This latest surge is partly due to investors anticipating the end of rate rises and seeing Bitcoin as a hedge against higher inflation. But with its notorious volatility, the cryptocurrency market is not for the faint of … Read more
The price of gold has been steadily climbing over the past few months, hitting an all-time high of over $2,000 per ounce in early August. However, recent news of positive US jobs growth has lifted the value of the dollar and caused the price of gold to fall below $2,000. This development has sparked concerns … Read more
The Federal Trade Commission (FTC) has called for a temporary halt to the proposed acquisition of Black Knight, a mortgage technology firm, by Intercontinental Exchange (ICE). The FTC has expressed concerns that the deal could lead to reduced competition, ultimately hurting consumers. The proposed merger, worth $11 billion, has already faced opposition from industry experts … Read more
Tensions between Vietnam and China have once again escalated as Vietnam announced the deployment of a ship to track a Chinese vessel patrolling a Russian gas field within Vietnam’s exclusive economic zone (EEZ). This move comes amid increasing disputes between the two countries over territorial claims in the South China Sea. With geopolitical tensions on … Read more
In recent weeks, Wall Street has experienced a series of rallies as investors grow more optimistic about the future of the banking sector. It appears that small rate-hike bets are contributing to this positive sentiment, as these bets signal that the economy is recovering and that banks are likely to see increased profits in the … Read more