UK election

On 22nd May 2024, UK Prime Minister Rishi Sunak announced a snap general election for 4th July 2024 This decision caught many by surprise, as the election was called more than around six months earlier than legally required. Election Date: 4th July 2024 – let the fireworks begin The Conservative Party, led by Rishi Sunak, isRead More →

AI Kill Switch!

Leading technology companies, such as Microsoft, Amazon, and OpenAI, have united under a significant international accord for artificial intelligence (AI) safety measures, established at the Seoul AI Safety Summit on Tuesday 21st May 2024. Following the agreement, firms from various nations, including the UK, China, Canada, the U.S., France, SouthRead More →

Human and humanoid

On Tuesday 21st May 2024, European Union member states reached a consensus on the world’s first significant law to regulate artificial intelligence, a move echoed by institutions globally to implement controls on the technology. The EU Council announced it has granted final approval for the AI Act, a pioneering regulationRead More →

Reddit

Reddit’s shares have surged following the announcement of a partnership with AI start-up OpenAI Through this deal, OpenAI, the creator of the ChatGPT chatbot, will gain access to Reddit’s content and introduce AI-driven features to the platform. OpenAI has also secured agreements with various publishers, reports suggest, including the AssociatedRead More →

Debt burden

The federal debt reportedly reached $34.5 trillion, marking an increase of approximately $11 trillion since March 2020. This surge has sparked discussions among government and financial leaders, with a notable Wall Street firm questioning whether the associated costs could threaten the stock market’s upward trend. The Congressional Budget Office projectsRead More →

Cargo shipping containers

Chinese firms are becoming increasingly optimistic about a rise in trade exports, as there is little evidence of global companies completely decoupling from China, Allianz Trade reports. More than one in ten Chinese exporters, ranking as the second-largest exporter of goods to the U.S. following Mexico, anticipate an increase inRead More →

Baidu

Baidu, one of China’s leading search engine firms, surpassed analysts’ revenue forecasts for the Q1 on Thursday 16th May 2024. This was predominately due to a recovery in advertising revenue and a surge in demand for its AI-driven cloud products. The company announced a revenue of 31.51 billion yuan ($4.37Read More →

Precious metal rally

Precious metal prices received a significant uplift on Thursday 16th May 2024 following the release of better-than-expected U.S. inflation data, which increased the likelihood of rate cuts by the Federal Reserve, again. Gold prices reached their highest point in over three weeks on Thursday too, while silver achieved its highestRead More →

AI Chatbot Gemini

Google is advancing the frontiers of artificial intelligence (AI) with its new release, Gemini 1.5 Flash, which is set to transform our online information interactions. Unveiled at Google I/O 2024, this latest model enhances sophisticated features with rapid performance and efficiency. The new AI Chatbot was unveiled on 15th MayRead More →

Chatbot GPT-4o

OpenAI has just unveiled its latest flagship model, GPT-4o. This remarkable model can reason across audio, vision, and text in real time. Multimodal interaction GPT-4o accepts any combination of text, audio, and image as input and generates corresponding outputs in any of these modalities. It’s a step toward more natural human-computer interaction. Fast response timeRead More →

Purest silcon created

Scientists have recently achieved a remarkable breakthrough by creating pure silicon, which could pave the way for quantum computing The world’s purest silicon Researchers have developed an ultra-pure form of silicon, known as silicon-28 (Si-28), which is fundamental for ‘silicon-spin qubits’ in quantum computers. This advancement addresses a major challengeRead More →

U.S. & China trade tensions

Tensions between Washington and Beijing have intensified, with the U.S. ramping up trade restrictions and sanctions on China due to national security concerns. Since Ukraine’s invasion, there has been a roughly 12% drop in trade between the blocs, and foreign direct investments have decreased by 20% compared to those withinRead More →

Gold bars

Buy gold bars from South Korea’s convenience stores and vending machines South Korean convenience stores are now the latest attraction for gold enthusiasts. Instead of the typical snacks and beverages, customers can now buy gold bars. Convenience store gold bars GS Retail, one of South Korea’s largest convenience store chains,Read More →

Apple

Apple, renowned for its innovative consumer electronics, is reported to be branching into artificial intelligence (AI). Recent reports suggest the company is developing a project dubbed ‘Project ACDC,’ (Apple Chips in Data Centre) with the goal of creating specialized AI chips for data centres. The AI race AI applications areRead More →

The breach involved a third-party payroll system used by the MoD The compromised system contained names and bank details of both current and past members of the UK armed forces. While the full extent and consequences of the breach are still under investigation, preliminary results reportedly indicate that no data was extracted during the incident.Read More →

Slow growth in UK

Forecasts indicate that the UK economy will experience sluggish growth among the largest developed nations in 2025. The Organisation for Economic Co-operation and Development (OECD) has projected a 1% increase in the UK’s gross domestic product (GDP) for 2025, which lags behind the growth rates of other G7 nations, includingRead More →