Explained - page 34

News

AI Startup Cohere CEO Criticizes Movement for Self-Righteousness

Aidan Gomez, CEO of the startup Cohere, which operates in the sphere of artificial intelligence, in his letter addressed to the employees of this company, in negative terms criticized the movement for effective altruism.

Finance & Economics

White House Gives $50 Million to Small Businesses

The Administration of the President of the United States Joe Biden announced the provision of new financial assistance to those representatives of the small business sector who are in an underserved area.

Science & Technology

Nvidia’s Revenue Demonstrates Growth

Nvidia has released its financial results for the quarter ended October 29.

Science & Technology

HP Posts Revenue Decline

HP has published a report on its quarterly sales, which did not meet analysts’ expectations because the projected recovery of the personal computer market is still a hypothetical vision of the future and is not in the space of objective reality that cannot be denied.

Science & Technology

China Fines Foxconn

In China, local tax authorities fined a subsidiary of Foxconn Technology Group.

News

German Budget Crisis Worsens

The German leadership decided on an emergency spending freeze against the background of the decision of the country’s top court, which aggravated the already existing budget crisis, which became a kind of shock factor for Europe’s largest economy.

Science & Technology

Baidu Posts Revenue Rise

Chinese technology giant Baidu on Tuesday, November 21, announced the financial results of its activities for the third quarter of 2023.

Science & Technology

TSMC Reportedly Considers Building Third Plant in Japan

The media, citing insiders, report that Taiwan Semiconductor Manufacturing Co. is currently studying the possibility of building a third plant in Japan.

News

Janet Yellen Says About US Considerable Progress in Reducing Inflation

Treasury Secretary Janet Yellen said on Monday, November 20, that the United States is making significant progress as part of efforts to reduce the inflation rate in this country.

Science & Technology

Germany to Help Its Tech Industry to Compete With Silicon Valley

Germany has approved a package of reforms in the sphere of capital that will help this country’s technology sector compete with Silicon Valley.

Finance & Economics

Santander Launches Overdraft-Free Checking Accounts

Bank Santander has introduced a checking account, which is designed to provide customers of this financial institution with the opportunity to avoid overdrafts.

Science & Technology

Chipmaking Gear Companies Record Sales Growth in China

Leading manufacturers of equipment used in making microcircuits have recorded a sharp increase in the share of revenue they receive in the Chinese market.

News

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.

News

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.

News

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.