AI startup Synthesia on Thursday 25th April 2024 announced its ‘Expressive Avatars’. These are AI-generated digital avatars that can express human emotions including happiness, sadness, and frustration. Synthesia, supported by the tech giant Nvidia, reportedly secured an investment of $90 million in 2023, reaching a valuation close to $1 billion.Read More →
Powering artificial intelligence (AI) models takes a substantial toll on our planet’s energy resources. Delving deeper into AI, it becomes crucial to comprehend the environmental impact of this technological revolution. Current trends A new peer-reviewed study featured in ‘Joule‘ highlights the significant energy requirements of AI. The research, carried outRead More →
Voyager 1, launched in September 1977, holds the distinction of being the furthest human-made object from Earth. It embarked on an incredible journey, venturing beyond the boundaries of our solar system and into interstellar space. Here’s the latest update on this iconic spacecraft Communication On 14th November 2023, Voyager 1 experienced anRead More →
Bitcoin halving is a significant event in the cryptocurrency world What is Bitcoin Halving? Bitcoin halving, which happens roughly every four years, cuts the rate of new Bitcoin creation by half. This event is tied to the method of recording and generating Bitcoins. Transactions are logged on a blockchain, a ledgerRead More →
UK police have dismantled a gang that provided a technology service enabling criminals to use fraudulent text messages to defraud victims Britain’s Metropolitan Police announced on Thursday 18th April 2024 that the ‘LabHost‘ website had been utilised by 2,000 criminals to pilfer personal details from users. The police have reportedlyRead More →
Meta’s complimentary artificial intelligence (AI) assistant, known as Meta AI, is being introduced across its social media platforms, including WhatsApp, Instagram, Facebook, and Messenger. The assistant is reportedly designed to respond to queries, craft animations, and produce ‘high-quality’ images, according to Meta CEO Mark Zuckerberg in a recent video posting.Read More →
Digital assets have soared recently to unprecedented heights and then plummet just as quickly. It’s an extremely volatile financial environment. Amid this volatility, the European Union’s securities watchdog, the European Securities and Markets Authority (ESMA), has sounded a cautionary note. The Concentration Conundrum ESMA’s latest report highlights a considerable concern: theRead More →
The International Monetary Fund calculates that Russia’s economy will expand more rapidly than all advanced economies this year. According to the latest World Economic Outlook released by the IMF, Russia’s economy is projected to expand by 3.2% in 2024. This growth outpaces the anticipated growth rates for the U.S. atRead More →
The Bank of England (BoE) stands as a bastion of economic stability, guiding the United Kingdom through the ebbs and flows of financial tides. Modernising the Bank of England’s forecasting system has become a critical necessity. A recent independent review has cast a spotlight on the ‘serious deficiencies’ within itsRead More →
Record-breaking rain has inundated the United Kingdom over the past few months, leaving fields submerged and livestock at risk. The relentless downpours, likely exacerbated by climate change, are now threatening the very foundation of UK food production. Challenges faced by farmers UK farmers are facing the repercussions of extreme weatherRead More →
The company intends to reduce its global workforce by over 10%, amounting to roughly 14,000 employees As of December, Tesla had a total of 140,473 employees worldwide. This decision is believed to be a response to the obstacles Tesla is encountering with slowing growth and operational effectiveness and cheaper competition. In anRead More →
Gold at all-time high above $2,400 Technical analysis indicates that the risk trends towards the upside, with indicators showing overbought conditions and prices rising above moving averages. However, it’s crucial to remember that markets are subject to change and can be affected by various factors, including geopolitical risks and economicRead More →
The recent surge of interest in artificial intelligence (AI) has ignited a significant rally in technology stocks. Firms engaged in AI development, such as semiconductor producers crucial to AI technology and cloud service providers offering the necessary computing infrastructure, have experienced significant returns. The stock market is abuzz with excitement over artificialRead More →
The Generation AI: How the next wave of young innovators will shape the future Artificial intelligence (AI) is not only a technology that is transforming the world, but also a culture that is inspiring the next generation of young innovators. The Generation AI is a term that refers to theRead More →
Ripple CEO Brad Garlinghouse anticipates the total value of the cryptocurrency market will double this year. He references the launch of the first U.S. Bitcoin exchange-traded fund (ETF) and the forthcoming Bitcoin halving event as key factors. “The overall market capitalization of the cryptocurrency industry is expected to double byRead More →
The CEO of Tesla, Elon Musk recently made an announcement regarding the company’s robotaxi. According to his social media post on X, Tesla will unveil its robotaxi product on 8th August 2024. This project has been a topic of discussion for several years and could potentially represent a significant new business venture for Tesla. Read More →
Mumbai, India’s bustling financial hub, has achieved a remarkable milestone: it now reigns as Asia’s billionaire capital, surpassing Beijing for the first time According to the Hurun Research Institute’s global rich list, Mumbai boasts 92 billionaires with a combined wealth of $445 billion. This historic feat marks the first time that India’s most populous cityRead More →
The world’s energy landscape is experiencing an unexpected twist: an oversupply of natural gas. As economies grapple with the aftermath of the pandemic, the gas market finds itself in a paradoxical situation. The Glut Unveiled Demand Dilemma Price Plunge Environmental Implications Conclusion The global gas glut is a paradox: abundantRead More →
The natural hydrogen gold rush is captivating attention worldwide as a potential game-changer in the quest for cost-effective, low-carbon energy sources. Countries such as the U.S., Canada, Australia, France, Spain, Colombia, and South Korea are actively engaged in exploratory efforts for geological hydrogen. What Is Natural Hydrogen? Natural hydrogen, also referred toRead More →
The Office for National Statistics (ONS) has released updated UK GDP figures, confirming that the UK entered a technical recession in the last six months of the previous year. The new data shows the economy contracted by 0.1% in the three months from June to August 2023, with a furtherRead More →
The Fed in March 2024, indicated for the markets to expect three interest rate cuts by the end of 2024 – but what if this didn’t happen? The Federal Reserve’s decision to maintain interest rates in 2024 could have significant implications for the U.S. economy. Fed cred – credibility wouldRead More →
The cocoa futures price for May 2024 delivery surged to an all-time intraday high of $10,080 per metric tonne Tuesday 26th March 2024 Cocoa prices have soared, hitting unprecedented highs. This dramatic increase has profound consequences for both consumers and the chocolate industry. Chocolate enthusiasts might have to prepare forRead More →
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, is reportedly considering Bitcoin as a potential investment. With an impressive $1.4 trillion in assets under management, the GPIF’s exploration of Bitcoin represents a notable departure from its conventional investment approach. This development occurs during a significant increase inRead More →
On Monday, 25th March 2024, the European Union initiated its first investigation under the new Digital Markets Act, targeting Apple, Alphabet, and Meta for potential tech legislation breaches. Statement “Today, the Commission has opened non-compliance investigations under the Digital Markets Act (DMA) into Alphabet’s rules on steering in Google Play and self-preferencing on GoogleRead More →
China has reportedly prohibited the use of U.S. processors from both AMD and Intel in government computers and servers. The directive is designed to encourage the use of domestic alternatives. Chinese government agencies are now required to choose ‘safe and reliable’ domestic alternatives for these chips. The sanctioned list featuresRead More →
The tyre industry is marked by fierce competition, static growth, and slim profit margins. But that is about to change. In recent years, the total market value has consistently hovered around $50 billion, with an annual growth rate of approximately 2%, according to research. However, the advent of electric vehiclesRead More →