Explained - page 31

Finance & Economics

China’s Retail Sales and Factory Exceed Expectations

According to October results, retail sales and industrial production volumes were recorded in China, which exceeded initial expectations.

Fintech & Ecommerce

Alphabet Sells Off All of Its Shares in Trading App Robinhood

Google’s parent company Alphabet has decided to sell all its shares in the trading app Robinhood.

News

Microsoft Reportedly Temporary Blocks Employee Access to ChatGPT

The media reported that Microsoft temporarily blocked its employees’ access to ChatGPT, the world’s most popular artificial intelligence-based chatbot developed by OpenAI.

Science & Technology

China’s Largest Chipmaker SMIC Reports Drop in Profit

The largest Chinese manufacturer of chips SMIC last Thursday, November 9, reported that at the end of the third quarter of this year, its profit indicator showed a significant drop.

Fintech & Ecommerce

BMO Financial Group Rolls Out Digital Real Financial Progress Hub

BMO Financial Group announced the launch of the Real Financial Progress Hub.

Finance & Economics

Chinese Leaders Positively Evaluate State of This Country’s Economy

Senior Chinese officials at the investment summit in Hong Kong said that the state of affairs in the economic system of this Asian country is not catastrophic or totally negative, appealing to world financiers not to worry about Beijing’s prospects in the relevant sphere.

Science & Technology

China Plans to Build Advanced Humanoid Robots

China intends to make a breakthrough in the science fiction industry by creating humanoid robots.

News

AllianzGI Taiwan Predicts Growth of Chipmakers’ Earnings

There is a possibility that the Taiwanese stock indices will begin to show a positive dynamic of recovery next year, despite the unfavorable state of affairs in the geopolitical space and concerns related to the possible aggravation of the situation in this environment.

News

Elon Musk Characterizes AI as One of Most Disruptive Forces in History

Elon Musk, during a conversation with British Prime Minister Rishi Sunak at the first artificial intelligence security summit, described AI as one of the most destructive forces in history.

Finance & Economics

Cost of Living Payments: Explained

Starting October 31, 2023, select UK households began to receive £300 cost of living payments. Here’s a detailed explanation of who can expect a second round of government support and when the money arrives in your bank account.

News

Former Google CEO Believes in Benefits of AI for Science

Eric Schmidt, the former CEO of Google, is currently engaged in financing the non-profit organization Future House, which specializes in creating a virtual assistant based on artificial intelligence for the laboratory to transform the research process.

Science & Technology

AMD’s Profit Exceeds Analyst Expectations

Advanced Micro Devices (AMD) has published its financial results for the third quarter of this year, which were higher than analysts’ initial expectations regarding the company’s earnings prospects in the period from July to September.

Finance & Economics

China’s Factory Activity Declines

At the end of October, a decrease in the level of production activity was recorded in China.

Science & Technology

Taiwan’s Powerchip Plans to Build Factory in Japan

Taiwanese Powerchip Semiconductor Manufacturing Corp. intends to build a plant in the northeastern part of Japan.

News

Taiwan Economy Shows Growth

According to the results of the third quarter, Taiwan’s economy showed the most intensive growth rates since the beginning of this year.

News

OpenAI Executives Say About Potential of AI to Do Any Job

The leaders of OpenAI suppose that over the next ten years, artificial intelligence will receive the abilities and capabilities sufficient to perform any work that is in the space of human activity.