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Business News

China's Recovery: Small Investors Grow Disenchanted

China’s Recovery: Small Investors Grow Disenchanted

China’s small investors sour on equities, turning to safer assets amidst a stuttering recovery. Hopes for a post-pandemic rally fade as billions of yuan in excess savings fail to enter the stock market. Instead, households flock to bonds and deposits, leaving equity markets adrift. Chinese blue chips and Hang Seng index struggle, while sovereign bond …

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Nvidia CEO: Generative A.I. makes 'Everyone a Programmer'

Nvidia CEO: Generative A.I. makes ‘Everyone a Programmer’

Nvidia’s CEO, Jensen Huang, predicts a new computing era where anyone can become a programmer by simply speaking to the computer. No more writing lines of code and facing frustrating compilation errors. Huang revealed this vision during his keynote speech at the Computex forum in Taiwan. He also introduced DGX GH200, an AI supercomputer platform …

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Android App's Secret Spying Months After Google Play Listing

Android App’s Secret Spying Months After Google Play Listing

Popular Android screen recording app, “iRecorder – Screen Recorder,” spied on users after a year of being listed on Google Play. The app stole microphone recordings and documents from phones. The malicious code, known as AhRat, allowed it to secretly upload 1 minute of audio every 15 minutes and extract files. The app has been …

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Dow Jones Futures Soar on Debt-Ceiling Deal; Tesla, Nvidia in Focus

Dow Jones Futures Soar on Debt-Ceiling Deal; Tesla, Nvidia in Focus

Dow Jones, S&P 500, and Nasdaq futures rose slightly on Tuesday, driven by a potential debt-ceiling deal and recent positive developments. Tesla is among several stocks showing potential for growth, while Nvidia’s AI announcements boosted market sentiment. Last week’s market rally showed mixed results, with tech stocks, particularly Nvidia, experiencing significant gains. Additionally, progress on …

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Ranking Buy Now, Pay Later Apps: Klarna to Sezzle

Ranking Buy Now, Pay Later Apps: Klarna to Sezzle

Buy now, pay later (BNPL) services have surged in popularity since 2019, with 17% of Americans reporting BNPL borrowing in the preceding year (source: 2022 Consumer Financial Protection Bureau survey). These platforms aim to ease larger purchases by splitting them into interest-free installments. However, consumer advocates, including Consumer Reports, have raised concerns. Their analysis reveals …

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SoftBank vs. S&P: Billions Vanish in Overlooked Battle

SoftBank vs. S&P: Billions Vanish in Overlooked Battle

Son’s troubles with the $100 billion Vision Fund and WeWork losses were briefly overlooked. Son admitted his poor judgment in supporting WeWork, which resulted in significant losses. WeWork’s founder, Neumann, followed a similar path to Theranos’ Elizabeth Holmes, and Son played a pivotal role in keeping WeWork afloat. Since the release of the TV show …

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Sam Altman's Worldcoin Raises $115m in Funding

Sam Altman’s Worldcoin Raises $115m in Funding

Sam Altman’s Tools for Humanity raises $115M for Worldcoin, aiming to create universal economic access. The project offers free crypto tokens in exchange for iris scans. Series C funding of the initiative was led by Blockchain Capital, with participation from a16z crypto, Bain Capital Crypto, and Distributed Global. Over 1.7 million users have signed up, …

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Global Economic Collapse 2023: Insights from Google Bard

Global Economic Collapse 2023: Insights from Google Bard

The global economy faces challenges, potentially leading to collapse. Analysts say collapse is inevitable, but timing is uncertain. AI systems like Google’s Bard gain popularity for financial forecasts. On May 27, Bard couldn’t confirm if the global economy will collapse in 2023. However, factors like high inflation, Ukraine’s war, and rising interest rates increase the …

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Top AI Stocks: Is Nvidia the Best Choice?

Top AI Stocks: Is Nvidia the Best Choice?

Nvidia wowed the market with better-than-expected Q1 earnings and impressive guidance for Q2. The stock soared by nearly 25%, gaining nearly $200 billion in market value. Despite a decline in overall revenue, Nvidia’s data center segment stole the show, with a record-breaking $4.28 billion in revenue, up 14% YoY and 18% QoQ. The demand for …

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Generative AI in Banking: Reality, Hype, and Future Outlook

Generative AI in Banking: Reality, Hype, and Future Outlook

ChatGPT, the cutting-edge generative AI chatbot from OpenAI, has become a hot topic in 2023. In banking, generative AI will revolutionize marketing, customer service through virtual assistants, and enhance machine learning accuracy. Its impact will be prominent in retail banking, wealth management, SMB banking, and investment banking. Over the next three years, generative AI will …

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