Financial Briefs

Financial Briefs

Twitter's Blue Check Verification Disappears Causing Chaos and Confusion

Twitter’s Blue Check Verification Disappears Causing Chaos and Confusion

Twitter’s blue checkmarks, which once distinguished a select group of elite users as trustworthy, have disappeared causing chaos and confusion. The legacy blue checks have only been gone for a few hours, yet Twitter users are already in disarray. Prior to their disappearance, users were debating what the new blue checks would represent and who …

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Warren Buffett Sells Crypto-linked Banks Amid Red Flag Concerns

Warren Buffett Sells Crypto-linked Banks Amid Red Flag Concerns

Warren Buffett sold his stakes in banks due to their risky behavior and misleading accounting practices, which he believed would lead to consequences, as he shared in a recent CNBC interview. His predictions about the banking sector are notable as it is currently in turmoil, with the collapse of Silicon Valley Bank and Signature Bank …

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Yokosuka: Japan's pioneering city to use ChatGPT for administrative duties

Yokosuka: Japan’s pioneering city to use ChatGPT for administrative duties

Yokosuka in Kanagawa Prefecture became the first municipality in Japan to use ChatGPT in its municipal offices. Around 4,000 employees of the Yokosuka government office began using the AI-powered chatbot, which OpenAI developed late last year. It is for a one-month trial to improve the city’s operations. Known for its US naval base and local …

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Microsoft Working to Reduce ChatGPT's $700,000 Daily Operating Costs

Microsoft Working to Reduce ChatGPT’s $700,000 Daily Operating Costs

ChatGPT’s use for cover letters, lesson plans, and dating profiles can cost OpenAI up to $700,000 daily due to costly tech infrastructure, according to SemiAnalysis’s Dylan Patel. ChatGPT needs high computing power to generate responses. Patel stated that the servers are the main reason for the expense. Patel also told Insider that it’s even more …

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China's Green Finance Leadership Ambition

China’s Green Finance Leadership Ambition

China, the world’s top greenhouse gas emitter, aims to be carbon neutral by 2060. Beijing is taking steps towards sustainable finance but faces challenges as high-carbon loans make up a large share of financial institutions’ assets. However, China’s commitment to emission reduction offers a vast potential for green finance, with its market already valued at …

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Wall Street Backs Gen Z Tech Careers and Gen Alpha Medical Pathways

Wall Street Backs Gen Z Tech Careers and Gen Alpha Medical Pathways

Bloomberg surveyed 678 investors last week on the future of work. 40% said Gen Alpha should work in health care if they want an A.I.-proof job. The medical field relies heavily on human-to-human interaction, which A.I. cannot easily replace. Only 12.4% said finance would be most A.I.-proof. For graduating high school seniors, 51.3% encouraged a …

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UK Digital Finance Firms Under Pressure Post-Banking Turmoil

UK Digital Finance Firms Under Pressure Post-Banking Turmoil

UK digital finance firms face fundraising challenges due to higher interest rates and investor caution after the Silicon Valley Bank collapse. The Bank of England raised rates 11 times since Dec 2021 to curb inflation, impacting funding costs. Monzo CEO TS Anil, speaking at Innovate Finance conference, noted that last month’s banking sector turmoil may …

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Shop Guilt-Free with These 3 Simple Budgeting Shifts

Shop Guilt-Free with These 3 Simple Budgeting Shifts

These three spending rules can help find the balance between paying down debt and enjoying life. The 5% Cash Back Challenge encourages saving money and avoiding overspending with credit cards. Although many recommend cutting out all unnecessary expenses to pay off debt, personal finances can feel drudgery due to long-term deprivation. Instead, the author suggests …

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Top Personal Finance Tips from Expert Gurus

Top Personal Finance Tips from Expert Gurus

Money, debt, budgeting and investing are complex and personalized topics, making it hard to know where to begin. Success means different things to different people – whether it’s a large savings for future generations or the ability to travel. It’s crucial to understand your financial goals and take advice from experts to achieve them. Discover …

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Canada's New Budget: Is it Failing the Working Class?

Canada’s New Budget: Is it Failing the Working Class?

Canadian finance minister Chrystia Freeland introduced the 2023 federal budget on March 28. It offers significant green energy incentives of Can$20.9 billion over six years through tax credits for clean electricity, clean hydrogen, and clean technology manufacturing. However, the budget’s climate initiatives are a mixed bag and serve as a proxy for other half measures. …

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