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Author: admin (Kendrick Williams)
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SPOTLIGHT: BIGS GETTING BIGGER
BlackRock, the world’s largest private equity firm, is complementing its hefty presence in public stock, bond, and commodity markets with additional moves into the private credit business.
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TOP TREND 2024, EV GO FU: EVs MORE RELIABLE BUT STILL LESS SO THAN INTERNAL COMBUSTION CARS
The reliability of electric vehicles (EVs) has surged, a Consumer Reports survey found. EV drivers reported 42 percent more trouble than drivers of internal combustion cars did. However, that represents a major improvement from the 79-percent gap found in 2023.
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CURRENCY CONTROLS HOBBLE ARGENTINA’S FOREIGN INVESTMENT CAMPAIGN
Argentina’s maverick president Javier Milei has assembled a $50-billion package of tax incentives, eased customs regulations, and smoother currency exchange mechanisms to draw foreign investors to help rebuild the country’s broken economy.
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DON’T DUMP THE DOLLAR, TRUMP WARNS BRICS NATIONS
Incoming U.S. president Donald Trump has demanded that the eight-nation BRICS trading bloc abandon ideas of creating a common currency and continue using the U.S. dollar instead.
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CANADA’S JOBLESS RATE INCREASES IN NOVEMBER
Last month, Canada’s unemployment rate rose to 6.8 percent from 6.5 percent in October, Statistics Canada reported, as more people went looking for work in the country’s feeble economy.
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AI COULD SPOT ALZHEIMER’S SIGNALS YEARS BEFORE SYMPTOMS APPEAR
Scientists at San Francisco’s Gladstone Institute have created an AI that can see early hints of Alzheimer’s Disease in subtle behavioral changes potentially years before diagnosable symptoms appear.
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U.S. ADDS NEW SANCTIONS ON CHIP SALES TO CHINA
The Biden administration has added new bans on sales of AI components to China but applied the sanctions to fewer companies than originally had been indicated.
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AI TRAINING HAS MAXED OUT. DEVELOPERS ARE MOVING ON TO POST-TRAINING
AI training involves pouring as much Internet content as possible into a system. That involves not only massive amounts of data, but also huge amounts of computer time.
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BEZOS BETS BIG ON AI CHIP-MAKING START-UP
Amazon founder Jeff Bezos is among the players in a new $693 million funding round for Tenstorrent, a maker of graphic processing units, the complex computer chips that are the foundation for AI.