Bitwise Asset Management, a prominent player in the cryptocurrency investment space, has recently made headlines with its filing for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move marks a significant milestone as it is the first attempt to create an ETF specificallyRead More →
Chinese firms are reportedly intensifying their efforts to develop a competitive alternative to Nvidia’s AI chips, as part of Beijing’s ongoing initiative to reduce its reliance on U.S. technology. China faces several challenges that are impeding its technological progress, including U.S. export restrictions that limit domestic semiconductor production. The lackRead More →
UK data centres are set to be classified as critical national infrastructure (CNI), aligning them with sectors such as emergency services, finance, healthcare, and utilities This classification will ensure they receive additional government support during major incidents like cyber-attacks, IT outages, or severe weather, to reduce disruption. Data centres, largeRead More →
Artificial Intelligence (AI) has become a pivotal battleground in the technological race between China and the United States. “AI is expected to become a crucial component of economic and military power in the near future,” Stanford University’s Artificial Intelligence Index Report 2023 stated. Both countries are significantly investing in AIRead More →
On Thursday 29th August 2024, the U.S. AI Safety Institute announced a testing and evaluation agreement with OpenAI and Anthropic This agreement reportedly grants the institute access to significant new AI models from each company before and after their public release. Recently, several AI developers and researchers have voiced concernsRead More →
Major technology corporations such as Microsoft, Alphabet, and Meta are channelling billions into data centre infrastructures to bolster generative AI, which is causing a spike in energy demand. Sustainable Metal Cloud has announced that its immersion cooling technology is 28% less expensive to install compared to other liquid-based cooling methodsRead More →
High Price-to-Earnings (P/E) ratio The P/E ratio of the market is a common measure of valuation. Currently, the P/E ratio is significantly higher than historical averages, indicating that stocks are priced much higher relative to their earnings. Rapid price increases without corresponding earnings growth When stock prices rise rapidly withoutRead More →
One of the largest diamonds ever excavated was recently discovered in Botswana at a mine operated by the Canadian company Lucara Diamond The discovery of the 2,492-carat diamond marks the world’s second-largest find, over a century since the unearthing of the 3,106-carat diamond in South Africa in 1905. It wasRead More →
The U.S. and China recently signed an agreement to cooperate on financial stability. This agreement was part of a meeting of the U.S. – China Financial Working Group held in Shanghai. The discussions were reportedly described as professional, pragmatic, candid, and constructive. The agreement includes measures for both countries toRead More →
On Tuesday 6th August 2024, China launched its inaugural batch of internet satellites, which are expected to be part of a constellation designed to compete with SpaceX’s Starlink. The constellation, named “Thousand Sails,” comprises over 15,000 satellites in low-Earth orbit that are anticipated to provide worldwide internet coverage. China plansRead More →
Gold has been a popular investment for centuries. The allure of gold endures in today’s varied financial environment. We will delve into the advantages and disadvantages of investing in gold, as well as the different methods by which you can incorporate this valuable metal into your investment portfolio. Pros ofRead More →
Mercury, the smallest planet in the solar system and nearest to the sun, conceals an intriguing secret: a diamond mantle approximately 10 miles thick under its surface. This revelation comes from data provided by NASA’s MESSENGER spacecraft. Diamond mantle Recent studies indicate that Mercury’s mantle is composed not of graphene,Read More →
OpenAI on Thursday 25th July 2024 announced a prototype of its search engine, called SearchGPT, which aims to give users “fast and timely answers with clear and relevant sources.” The company has announced plans to eventually incorporate the tool, presently in testing with a select user group, into its ChatGPT chatbot. TheRead More →
Highest ratio since the 1960’s and even higher than that reached during the Covid pandemic of 2020. The UK’s national debt has reached its highest level since 1962. Official figures from the ONS show that the total government debt amounted to 99.5% of the economy’s value in June 2024, surpassingRead More →
According to the organization’s biennial World Population Prospects report, the global population is projected to grow from 8.2 billion in 2024 to peak at around 10.3 billion in the mid-2080’s. It is then expected to gradually decline to 10.2 billion by 2100, which is 6% lower than anticipated a decadeRead More →
The world is in debt to the tune of $315 trillion, and counting. $315,000,000,000,000 $315 trillion or $315,000,000,000,000 is a daunting number, it’s massive. In 2024, the global GDP reached just $109.5 trillion, just over a third of the global debt figure. Perspective To provide some perspective, with the worldRead More →
Data centres are expected to consume over 3% of Europe’s electricity demand by 2030 The surge in artificial intelligence (AI) has significantly increased the demand for data centres, essential for the ‘exploding’ tech sector. This necessity has led Europe to consider spatial alternatives for digital storage, aiming to diminish relianceRead More →
Avoiding common investing and trading pitfalls is crucial. Here are some typical investing errors you should try to avoid. Warren Buffett wisely cautions against investing in businesses that are not well understood. It is crucial to have a deep understanding of the company, its market sector, the broader industry, andRead More →
It is indeed amazing and absolutely true – when the medusa (adult jellyfish) or Turritopsis Dohrnii comes to the end of its life, it descends to the ocean’s depths and commences decomposition – it starts to decay but remarkably, its cells then reassemble, not into another medusa, but into polyps.Read More →
There are two massive asteroids that will fly past Earth this week. Asteroid (415029) 2011 UL21 Size: Approximately 7,600 feet long Distance from Earth: It will pass by Earth at a distance of more than four million miles (over 17 times further than our moon). Visibility: Visible with small telescopes through Sunday, appearing brightest on Friday. AsteroidRead More →
The ‘Sahm Rule’ serves as a heuristic indicator employed by the Federal Reserve to ascertain the onset of a recession in the economy. The Sahm Rule is a real-time evaluation tool based on monthly unemployment data from the Bureau of Labor Statistics (BLS). Named after economist Claudia Sahm, it forecastsRead More →
Anthropic, a rival to OpenAI, unveiled Claude 3.5 Sonnet on Thursday, touting it as their most advanced AI model to date. Claude has joined the ranks of widely used chatbots such as OpenAI’s ChatGPT and Google’s Gemini. Founded by former OpenAI research leaders, Anthropic has secured backing from major techRead More →
Nvidia’s swift ascent is poised to prompt a major technology exchange-traded fund to acquire more than $10 billion in shares of the semiconductor maker, consequently reducing its shareholding in Apple. The Technology Select Sector SPDR Fund (XLK), which will rebalance soon, is guided by an index that will adjust basedRead More →
Beginning in 2030, Mastercard will eliminate the need for Europeans to manually enter their card numbers during online checkout, regardless of the platform or device used. The familiar 16-digit card number will be substituted with a randomly generated ‘token.’ This change will enable consumers to complete payments with a singleRead More →
It has been calculated that the S&P 500’s total value is currently $45.5 trillion. Tesla’s CEO, Elon Musk, claimed on Thursday 13th June 2024 that the company’s Optimus humanoid robots could potentially raise the automaker’s value to over half of that amount. During the 2024 annual shareholder meeting in Austin,Read More →
Significant deposits of rare earth metals have been found in both Norway and Sweden. Norway Rare Earths Norway (REN) has announced the discovery of the largest deposit of rare earth elements in Europe at the Fen Carbonatite Complex in southeastern Norway. The deposit reportedly contains 8.8 million metric tons ofRead More →