Japan’s Economy Contracts
During the first quarter of the current year, Japan’s economy contracted.
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US Inflation Slows
In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.
JPMorgan CEO Urges United States to Deal With Deficit
JPMorgan CEO Jamie Dimon on Wednesday, May 15, called on the leadership of the United States to reduce the fiscal deficit as soon as possible, noting that over time the relevant problem will become more difficult in terms of opportunities and prospects for its successful solution.
Chinese Companies Make Headway in Manufacturing High Bandwidth Memory
The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.
Experts Expect US Inflation Data to Show Some Positive for Fed
Experts predict that the monthly report on consumer prices in the United States will show a decrease in the level of inflationary pressure in this country as a result of April.
Alibaba Reports Quarterly Earnings
The Chinese company Alibaba on Tuesday, May 14, released data on the financial results of its activities in the fourth fiscal quarter.
Apple Reportedly Plans to Sell Vision Pro Outside US
Media reports that Apple has begun preparations to launch sales of the Vision Pro mixed-reality headset outside the United States.
OpenAI Launches GPT-4o
OpenAI has launched a faster and cheaper version of its artificial intelligence model, based on which the chatbot ChatGPT functions.
China Credit Engine Goes Into Reverse
A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.
SoftBank to Intensify Its Activity in AI Industry
SoftBank Group Corp. has plans to begin implementing a more aggressive strategy in the artificial intelligence industry and other spheres of activity.
Porch Group Reportedly Sues China Construction Bank
Media reports that the Porch Group, a United States-based homeowner’s insurance company and provider of home inspection software, has sued China Construction Bank, accusing this financial institution of reinsurance fraud.
Uber Reports First-Quarter Results
Uber has released data on its financial results for the first quarter of the current year.
UK Economy Escapes Recession
The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.
Alibaba Launches New Version of Its Large Language Model
Last Thursday, May 9, China’s Alibaba Cloud announced the launch of a new version of its large language model.
Snapchat Focuses on App Safe
Snapchat owner Snap Inc. intends to take responsibility for the user experience in its app, including in the context of ensuring the safety of children.
OpenAI Reportedly Plans to Announce Google Search Competitor
The media, citing two insiders, reported that OpenAI is currently completing preparations for the debut of its new product, which is an artificial intelligence-based Internet search system.
