Consolidation is the name of the Bigs game. The more they own the more they control... it’s the way of the power hungry world. As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
Zhongzhi Enterprise Group, one of China’s largest wealth managers, has announced it is bordering on insolvency, with between $58 billion and $64 billion in liabilities, in dollar terms. It has assets of less than $25 million, the company said.
Noted practical finance author Robert Kiyosaki took to X (formerly Twitter) this week to warn that while there’s still time to move to inflation resistant assets, the hour might be getting late.
It’s funny how one day after pro-bitcoin and anti-socialist Argentine candidate Javier Milei won by a landslide, the SEC announced a splashy lawsuit against the Kraken crypto exchange.
People are rising up in unprecedented political upheavals in Argentina, Ireland, the Netherlands and Spain.
A specialized AI program found 13 percent more early-stage cases of breast cancer than physicians did, a new study in Nature Medicine reported.
As businesses put AI to work, their demand for cloud computing, and their budgets for it, are on the rise.
Only 14 percent of more than 8,000 companies in a recent Cisco survey that have brought AI on board are actually ready to make good use of it, the study concluded.
Just before Sam Altman was fired as OpenAI’s CEO on 17 November, key researchers in the company wrote a letter to the board of directors.