The Race For AI Advancements Continue

2023-06-07 | Commodities ,Current Affairs ,Forex ,Futures ,Precious Metals ,Securities ,Spot Indices

Clock Is Ticking For Apple’s Vision Pro Headset

App support for the Vision Pro will be critical to its success. Although iPad apps will be able to run inside the headset, Apple hopes developers will go beyond porting the simple 2D windows to the platform and create full 3D apps that weren’t possible before on other portable devices.

Defects On 787 Dreamliners Will Slow Deliveries

Boeing has warned about a new string of defects on its 787 Dreamliner planes and that it will delay the deliveries of the wide-body aircraft. These defects are part of the manufacturer’s latest production issue.

EU’s Largest Economy May Experience Limited Growth For Years To Come

Germany, Europe’s largest economy is experiencing a shortage of staff as workers are becoming scarce and financial penalties plague production. Such bottlenecks are becoming increasingly common and increasingly damaging which may limit growth to a mere 1% for the next decade. 

Today’s News

The recent big tech rally has caught the world’s attention as investors have ramped up on funds, joining the race like never before. Artificial intelligence stocks and semiconductor-related industries have since experienced an alarming increase of recognition and funding with no signs of slowing down in the near future.

As a result on the rampant rise of interest towards AI and semiconductors, multiple news channels have reported various activities in the industry.

Priceline Teams Up With Google For AI Chatbot Race

Online traveling platforms are jumping aboard as artificial intelligence tools has permitted these providers to stretch beyond the boundaries of consumer chatbots and internet searches into a widening array of businesses.

Source: Bloomberg

Booking, Expedia and Airbnb are among the list of established travel companies that are constantly on the lookout for ways to ease the overall booking process for consumers.

OpenAI CEO Rejects IPO Plans

Sam Altman, the CEO of OpenAI, the company behind ChatGPT, has shared his views on going public at a a conference in Abu Dhabi.

Source: REUTERS

Altman expressed that pursuing super intelligence will likely result in making questionable decisions that may cause concerns between investors. Hence, revealing that at its current state, ChatGPT will not be venturing into the public market.

EU Clings Onto Digital Goals As Other Regions Pull Ahead

Europe needs to invest massively in its telecoms network to achieve its digital goals, explains EU industry chief Thierry Breton as he defended a push to get Big Tech to help fund the rollout of broadband and 5G throughout the nation.

Source: REUTERS

In other news, EU telecoms regulators’ body opposed Breton’s comments with claims that it did not identify problems with the competition or market failure to warrant any legislation on the matter.

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2024-12-24 | Current Affairs

Asia Markets Surge on Easing US Inflation Concerns

TODAY’S NEWS Asian shares surged on Monday thanks to a benign reading on U.S. inflation that restored hopes for potential policy easing next year. There was also relief that Washington managed to avoid a government shutdown. With last week’s central bank decisions behind, the current week is much quieter with only the minutes of a few of those […]

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2024-12-20 | Current Affairs

Senators Urge Biden to Delay ByteDance’s TikTok Sale Deadline 

Two U.S. senators, Democrat Ed Markey and Republican Rand Paul, are calling on President Joe Biden to grant ByteDance a 90-day extension on the January 19 deadline for selling TikTok’s U.S. operations or facing a nationwide ban. The senators emphasized that the legal uncertainties surrounding the case and its potential impact on free speech warrant more time. 

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2024-12-20 | Current Affairs

Amazon Workers Strike at Warehouses During Holiday Rush

Thousands of Amazon.com workers are set to walk off the job on Thursday at 6 a.m. ET (1100 GMT) at several key U.S. warehouses, just days before the peak of the holiday shopping season. The strike was called after union officials accused the e-commerce giant of failing to engage in contract negotiations.