China's recent stimulus rollout aims to boost domestic demand and meet the nation's annual growth target, according to Vice Finance Minister Liao Min. Investors are now waiting for a lawmakers' meeting set to reveal details of Beijing's important fiscal package.
Delta Air Lines has filed a lawsuit against cybersecurity firm CrowdStrike following a major software update this summer that disrupted millions of computers globally. The incident significantly affected Delta, grounding much of its passenger fleet. The airline is seeking damages, claiming the update caused "catastrophic" chaos.
In a recent article, Yannik Schrade, CEO of Arcium, discusses the rising trend of AI-powered mass surveillance, sparked by Oracle’s Larry Ellison’s vision. Critics liken this approach to the dystopian world of George Orwell’s 1984. Currently, countries like France are adopting such technologies, using AI to monitor public behavior, raising serious privacy concerns. While proponents ...
Morocco plans to loosen its exchange rate regime by 2026, resuming a gradual reform process paused during the pandemic. This was announced by the central bank governor in a recent interview.
Investors, used to the ongoing trade tensions between the US and China, appear ready to take on the risk of potential higher tariffs after the upcoming US presidential election. Many are leaning towards Chinese assets, anticipating more government stimulus to support the economy.
Nvidia’s new AI model, Sana, is making waves in the art scene by generating stunning 4K images on consumer-grade hardware. This innovative model uses a “deep compression autoencoder” to reduce image data significantly without losing detail, making it faster and more efficient. Sana’s unique combination of techniques competes with larger, more complex models but with ...
The US Securities and Exchange Commission has rejected Elon Musk's offer of $2,923 to settle claims related to his 2022 Twitter purchase. The SEC argues that the amount is insufficient for the three agency lawyers who were prepared to question him last month in the ongoing investigation.
Bloomberg Television features expert insights and analysis just before and after the closing bell on Wall Street. Today's lineup includes Chuck Lieberman from Advisors Capital Management, Amanda Lewis from Cuneo Gilbert & LaDuca LLP, Jay McCanless of Wedbush Securities, Michael Zezas from Morgan Stanley, Ellen Hazen of F.L. Putnam, Chris Cain from Bloomberg Intelligence, Eric Van Nostrand of the Treasury Department, Sean Dobson of Amherst, Patrick Murphy from Togal.AI, Aisha Bowe, founder and CEO of Lingo, and former MLB player Johnny Damon.
As we wrap up 2024, the outlook for AI stocks in 2025 looks promising, with the Market projected to reach $826 billion by 2030. Nvidia remains a top contender, expecting substantial growth from its upcoming “Blackwell” AI chips, alongside strong demand for its current models. Meanwhile, Meta, despite recent losses in its metaverse division, continues ...
This week, we have a special conversation with Geoffrey Hinton, the "Godfather of AI," following his Nobel Prize win. He shares insights on the new risks associated with AI, what it means for CEOs, and how close we are to AI surpassing human intelligence. We also visit Mexico to explore how near-shoring is changing the business landscape. In an exclusive interview, we hear from Mexico's Economy Minister Marcelo Ebrard, marking his first talk with foreign press since his appointment.
