Too much power for too few Tech execs have expressed concern that the development of artificial intelligence (AI) is concentrated in the hands of too few companies, potentially giving them too much power. OpenAI’s ChatGPT marked the start of what many in the industry have called an AI arms race,Read More →
Nvidia’s revenue grew 206% from year 2022 during the quarter ending 29th October 2023, according to data from Nvidia. Net income, at $9.24 billion, or $3.71 per share, was up from $680 million, in the same quarter of 2022. The company’s data centre revenue came in at: $14.51 billion, up aRead More →
The White House has announced what it is calling ‘the most significant actions ever taken by any government to advance the field of AI safety’. Oh really! Coincidence or deliberate attempt to undermine the UK AI safety drive? This news comes as the UK draws attention hosting a UK ledRead More →
The stock dropped more than 15% over the last few days after the company posted third-quarter earnings on Wednesday 20th October 2023. The earnings report showed that Tesla missed analysts’ expectations on revenue and earnings per share. Tesla also announced a recall of 475,000 vehicles in the US due to aRead More →
London has regained its status as Europe’s largest stock market from Paris, boosted by rising crude oil prices. The combined market capitalization of primary listings in London but excluding ETFs and ADRs, is now $2,888.4 billion versus Paris’s $2,887.5 billion, as of 19th October, 2023. London had lost its positionRead More →
Shares of Chinese electric vehicle manufacturers took a hit on Thursday 18th October 2023 after Tesla reported disappointing 3Q results on Wednesday 17th October 2023. It was the first time Tesla, co-founded by Elon Musk, missed on both earnings and revenue since Q2 2019. On Thursday morning, Hong Kong-listed shares of Chinese EV makers BYD and Xpeng fellRead More →
The U.S. reportedly announced new restrictions on exports of advanced chips to China, including two made-for-China chips from Nvidia. U.S. chip stocks fell as the curbs also hit Advanced Micro Devices and Intel. Loopholes The curbs are aimed at closing loopholes that became apparent after the U.S. announced export curbs on microchipsRead More →
Many large tech companies are planning to create their own energy supply or source power from 100% renewable generators. This is mainly because they have high electricity consumption, especially for their data centres, and they want to reduce their carbon footprint and achieve net-zero emissions targets. BIG tech companies thatRead More →
Gold value has been slipping in recent months of 2023 – here are some of the reasons gold prices fluctuate. Dynamic market Gold is a precious metal that is often seen as a safe haven investment and a store of value, but it is also subject to the forces ofRead More →
Water stress measures the amount of available supply a country uses to meet demand, and is expected to worsen as the climate warms. A quarter of the world’s population is currently exposed to extremely high annual water stress, according to new data from the World Resources Institute (WRI). New dataRead More →
FTSE 100 index The FTSE 100 is the index of the 100 largest companies listed on the London Stock Exchange by market capitalization. It is one of the most widely used indicators of the UK economy and the performance of British businesses. The FTSE 100 had its best week of theRead More →
Ultra successful IPO for arm Investors gobbled up UK microchip designer Arm Holdings at its U.S. debut on the Nasdaq on 14th September 2023, sending its market value soaring to $60 billion (£48.3 billion). The shares ended the day worth more than $63 each, after climbing by almost 25% fromRead More →
50 million iPhones sold in China every year Apple sells around 50 million iPhones in China annually. A sweeping ban is what investors fear and that spells trouble for Apple. Apple stock drops after The Wall Street Journal reported a day earlier that Chinese authorities have curbed the use of the iPhone.Read More →
India expands Many economists stronly believe that India’s stellar economic trajectory alongside strong forecasts for some Southeast Asian countries will be important drivers for future global growth. The next decade, could see Asia Pacific become the fastest growing region of the world economy. India, Indonesia, the Philippines and Vietnam willRead More →
India hosting the G20 summit The G20 summit will be held in New Delhi on 9th and 10th September 2023. This is the first time that India has hosted such a prestigious event, which brings together the leaders of the world’s 20 major economies with the exception of Russia. IndiaRead More →
Japan launched a rocket on 7th September 2023 carrying an X-ray telescope that will explore the origins of the universe and a small lunar lander. The launch of the HII-A rocket from Tanegashima Space Centre in southwestern Japan was shown live by the Japan Aerospace Exploration Agency (JAXA). Thirteen minutesRead More →
More than 6 million users already Baidu also announced that more than 6 million users have used an AI powered tool that sits inside its Google drive-like cloud product. At the 4th September event, Baidu also demonstrated ‘displayed generative’ AI-based products that could assist with traffic management, financial research andRead More →
Ha Jiang, is a virtual online idol, and only exists online. Ha Jiang signed a record deal with Whet Records, Warner Music Group’s pan-Asian dance label in China, in 2021. Ha Jiang is the first virtual idol to conduct a record deal with a major label. The virtual idol uses AIRead More →
Japan has started releasing treated radioactive water from the Fukushima nuclear plant into the Pacific Ocean on Thursday 25th August 2023. This is a controversial decision that has been opposed by China, South Korea, and some Pacific island nations. They fear that the water release will harm the marine environment andRead More →
Inspirational achievement, as India becomes only the fourth country in the world to successfully land on the moon and the first at the south pole India became a new national superpower in space on 23rd August 2023, landing its Chandrayaan-3 mission safely on the moon’s unexplored south pole. The Chandrayaan-3Read More →
15 year high… and counting The Bank of England (BoE) announced another increase in its base rate, from 5% to 5.25%, the highest level in over 15 years as of 3rd August 2023. This is the 14th consecutive rise since December 2021, when the BoE started to tighten monetary policyRead More →
In July 2023, Elon Musk rebranded Twitter to X – another step in his master plan to emulate Chinese super app WeChat. Mr Musk has long said that he wants to transform his social media firm, which he bought last year for $44 billion, into a much larger platform. HeRead More →
There are eight billion people living on Earth today, according to the United Nations (UN). It’s hard to calculate the number of people in the world accurately, and the UN admits its calculations could be out by a year or two – but it estimated that in November 2022 theRead More →