Latest Updates Around The World
This week has been a roller coaster ride in the technology and AI industry. From record revenues to major deals and legal victories, the week was packed with remarkable events. Here’s a quick summary of the top stories that made headlines. NVIDIA’s fourth-quarter earnings: a record quarter NVIDIA company announced fourth-quarter financial results last Wednesday, […]
The United States imports 100% of its natural graphite – a material that makes up roughly 68% of a battery’s weight and is used in defense systems, aerospace and industrial applications. Almost half of that supply comes from China. For decades, that dependency was treated as a cost of doing business problem. Washington is now […]
Venture capitalist Vinod Khosla publicly broke with it Anthropic On Friday, he argued that the AI safety-focused startup is wrong about developing autonomous weapons. “Putin won’t fight fair, so we should definitely have autonomous AI weapons,” Khosla wrote on X, adding that he admires Anthropic for sticking to its principles, but not the principle itself. […]
On Friday, famous economist Peter Schiff criticized US trade policy as president Donald Trump lashed out at the Supreme Court, unveiling a new 10% global rate after a major legal setback. Schiff returns to the ‘Ripping Off’ story Schiff took over X to challenge the long-standing claim that foreign nations are exploiting the US through […]
Renowned economist Mohammed El-Erian has signaled a major structural shift in global finance as China’s share of the US Treasury market fell to a 15-year low, raising concerns about future demand for US debt. Great retreat Data shared by El-Erian shows that China’s holdings of US government bonds now represent just 7% of the total […]
The USA Ministry of Justice (DOJ) has filed a lawsuit against Harvard University Friday, accusing the Ivy League institution of unlawfully withholding crucial admissions data. According to the DOJ, this information is needed to determine whether the university continues to engage in discriminatory practices in its admissions process following the Supreme Court’s 2023 ruling in […]
U.S. stock futures swung between gains and losses on Friday after Thursday’s lower close. Futures on major benchmark indices were mixed. Investors, as experts say, are waiting for January’s inflation figures Tom Lee estimates that core CPI will fall to 2.52% year-on-year – matching the 2017-2019 average and signaling a return to pre-COVID-19 inflation. Meanwhile, […]
The United States and Taiwan have signed a trade deal that will reduce tariffs on Taiwanese exports to 15% and open the island’s market to American goods. US purchase commitment of $84 billion The new trade deal brings tariffs on Taiwanese exports in line with those of other Asian allies such as Japan and South […]
Days after a partial government shutdown was lifted after president became president Donald Trump signed a $1.2 trillion financing package, another government shutdown threatens on February 14. The Department of Homeland Security (DHS) is facing a partial shutdown after Senate Democrats blocked two funding bills on Thursday, according to a report report by The Washington […]
The European Commission has reportedly announced a formal investigation Elon Musk’s X, a subsidiary of X Corp, about the image editing feature of its AI chatbot, which has been used to create non-consensual explicit content. EU investigates AI by X for misuse of images The European Commission is about to launch an investigation into the […]
