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.

Current AffairsIconBrandElement

article-thumbnail

2025-01-13 | Current Affairs

Dollar Surge Pressures Global Currencies Amid Fed Uncertainty

The U.S. dollar climbed sharply on Monday, reaching multi-year highs against other currencies after an unexpectedly strong U.S. jobs report highlighted the resilience of the American economy

article-thumbnail

2025-01-10 | Current Affairs

Musk Urges State AGs to Facilitate OpenAI Stake Auction

Musk’s lawyer submitted a letter requesting the states to ensure an open bidding process to safeguard public interest as OpenAI move away from nonprofit control

article-thumbnail

2025-01-09 | Current Affairs

Global Stocks Struggle Amid Rising Treasury Yields and Tariff Concerns

TODAY’S NEWS The ongoing selloff in global bonds intensified on Wednesday, weighing on Wall Street stocks and bolstering the dollar as robust U.S. economic data lowered hopes for imminent aggressive interest rate cuts by the Federal Reserve. The 10-year U.S. Treasury yield climbed to a peak of 4.73%, the highest since April 2024, before settling […]