American International Group (AIG) is selling control of Corebridge Financial, its life insurance and retirement funding division, to Nippon Life Insurance, Japan’s largest insurer, for about $3.8 billion.
Author: admin (Kendrick Williams)
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Several cities in China are enacting a policy authorized recently by Beijing: buying partially built homes from developers and completing the units as affordable apartments for low- and middle-income families.
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TOP TREND 2024, EV GO FU: STRONG HYBRID SALES HELP ASIAN CARMAKERS SHIFT TO EVs
Thanks to a weak yen and strong U.S. demand for gas-electric hybrid cars, Honda and Toyota reported 2023 as their most profitable year yet.
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SPOTLIGHT: LUXURY INDUSTRY IN TRANSITION
British luxury brand Burberry reported £418 million in adjusted operating profit in fiscal 2024, which ended 30 March. The company had projected a net of £410 million to £460 million.
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FRANCIS COLLINS: COVID LAB LEAK THEORY NOT CONSPIRACY
Former NIH head Dr. Francis Collins now says the theory that Covid originated from a Wuhan lab leak, is not a conspiracy theory.
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OPENAI’S UNBOUND AGI, AND GANNETT’S WRITER REPLACEMENT: THE LATEST IN TOP TREND 2024, SYNTHETIC DEVOLUTION
Two more top OpenAI employees have quit the company, sounding alarm bells about the dangers of CEO Sam Altman’s ambitions to create an Artificial Super Intelligence (ASI).
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BLOCKCHAIN BATTLES
Some crypto analysts and outlets are signaling that SEC approval of Spot Ethereum ETFs (Exchange Traded Funds) might be more likely than previously thought.
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IF BIDEN VETOES CRYPTO, CRYPTO VETOES BIDEN
With Senate passage this past Thursday of a pro-crypto bill that would overturn SEC regulations under SAB 121, the matter is now in the hands of President Joe Biden.
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TREND FORECAST FROM FEB 2023 CONFIRMED: AI SEARCHES “COULD RESHAPE THE INTERNET”
Recent AI news has focused on battlegrounds shaping up between OpenAI / Microsoft and Google, over AI-powered Internet search technology.
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VTOL AIRPLANES GO COMMERCIAL
After years of speculation about fixed-wing, vertical-takeoff-and-landing aircraft (VTOL), German manufacturer Lilium has just landed an order for 20 all-electric VTOLs from UrbanLink, a regional airline that’s first in the U.S. to commit to flying the technology commercially.
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