US Mortgage Originations to Reach $1.95 trillion in 2024
The US Mortgage Bankers Association (MBA) expects that total mortgage origination volume will increase to $1.95 trillion in 2024, up from the $1.64 trillion forecast in 2023.
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iPhone Sales Decline in China
The level of demand for Apple’s new iPhone 15 smartphone line in the Chinese market is lower than the sales volumes of last year’s mobile phone model of the American technology giant.
Baidu Launches Ernie 4.0
The founder of Baidu, Robin Li, said that the artificial intelligence model developed by his company, in terms of the quality of work and the level of efficiency, equaled the characteristics and capabilities of GPT-4 from OpenAI.
US Online Holiday Sales to Hit $222B, Driven by Mobile Shopping
According to Adobe Analytics, online holiday sales in the USA are expected to hit $221.8 billion this holiday shopping season (Nov. 1 to Dec. 31), representing 4.8% growth year-over-year (YoY).
NYC Releases Plan to Regulate AI
New York Mayor Eric Adams on Monday, October 16, presented a plan for the introduction and regulation of artificial intelligence.
OpenAI Reportedly Readies Share Sale Valuing Company at $90 Billion
The media reports that OpenAI is currently preparing to sell shares with an estimated value of the company at $90 billion.
Australia Watchdog Fines X
The Australian watchdog for Internet security has fined the social network X, which has been owned by billionaire Elon Musk since October last year.
Huawei Drives China Stock Boom
Huawei Technologies is currently sparking the hottest stock trading in China.
TCS Plans to Use Microsoft AI Partnership for Business Growth
Tata Consultancy Services (TCS) plans to start developing software based on artificial intelligence within the framework of cooperation with Microsoft.
South Korea’s Nand Flash Memory Chip Exports Show Growth
According to the results of last month, an increase in South Korean exports of Nand flash memory chips was recorded.
Harman Launches AI Solution for Healthcare
Harman, a subsidiary of Samsung Electronics, has developed a generative artificial intelligence solution for sphere healthcare organizations.
Ferrari to Sell Cars for Crypto in US
US citizens will soon be able to buy luxury Ferrari vehicles with crypto. Europe is next in line.
Wells Fargo Predicts Continued US Economic Slowdown
Wells Fargo, following the results of the third quarter of this year, recorded an increase in net charge-offs, a decrease in the demand for loans, and a decline in the average volume of deposits.
Canon Starts Selling Nanoimprint Semiconductor Manufacturing Systems
Canon has announced the start of sales of its nanoimprint systems for the production of semiconductors.
UK Competition Watchdog Approves Microsoft’s Acquisition of Activision Blizzard
The British competition watchdog has approved the implementation of a deal for Microsoft to acquire the video game firm, Activision Blizzard.
Meta Works to Prevent Inappropriate Replies From New AI Chatbots
Facebook-parent has been conducting stress testing of new AI-based chatbots for several thousand hours, but still cannot give an absolute guarantee that the digital thinking system will not say something undesirable.
