In March, Germany amended its constitutionally mandated government borrowing cap, allowing chancellor Friedrich Merz to push his trillion-euro spending plan through parliament.
Author: admin (Kendrick Williams)
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HIGH-RISK BORROWERS ARE FINDING EAGER INVESTORS IN JUNK BOND MARKET
Ambitious investors with too much cash and too few opportunities in low-risk investment vehicles are finding an eager welcome in the junk bond market.
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OPEC+ COMPLETES RESTORATION OF PRODUCTION CUTS
At its 3 August meeting, the Organization of Petroleum Exporting Countries and its allies (OPEC+) voted to add 547,000 barrels of oil a day, beginning next month, to the already well-stocked global oil supply.
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IMF RAISES GLOBAL GROWTH OUTLOOK ON WEAK DOLLAR
The International Monetary Fund (IMF) has boosted its forecast for the world economy’s growth this year to 3 percent and to 3.1 percent in 2026.
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MICROSOFT BECOMES THE SECOND $4-TRILLION COMPANY
On 31 July, Microsoft’s value on the NASDAQ exchange touched $4.01 trillion, making it the second company after chipmaker Nvidia to achieve that milestone. Nvidia passed $4 trillion in market value on 9 July.
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TECHNOCRACY BRIEFS: SAM ALTMAN PREPS FOR SYNBIO DISASTER, MIND-VASION GETS SLEEKER, AND SOME RESIST AI EDUCATION TAKEOVER
OpenAI CEO Sam Altman says a technology related fear is keeping him up at night.
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CHEYENNE, WYOMING, BECOMES AI’S COMPANY TOWN
Cheyenne, a city of 65,000 tucked into the far southeast corner of Wyoming, is being surrounded by AI data centers. Cheyenne lies against the Rocky Mountains, which keep its weather relatively temperate. Land and labor costs have been cheap and the politics are business-friendly.
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IS IT CONCRETE? OR IS IT…SOMETHING ELSE?
Engineers at the University of Southern California have created Allegro-FM, an AI able to simulate the simultaneous behavior of as many as four billion atoms, allowing simulations a thousand times larger than any other AI.
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TOP AI RESEARCHERS WARN OF THEIR PRODUCTS’ DANGERS
A group of AI researchers working at leading developers including Anthropic, Google’s DeepMind, Meta, and OpenAI, as well as others, have warned that the models they’re creating pose risks to the human race.
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TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: CHINA’S AI FIRMS FORM TWO CARTELS TO PROMOTE SELF-SUFFICIENCY
China's AI companies have announced two new alliances designed to create a domestic technological ecosystem for AI development and deployment to cut the country’s dependence on foreign suppliers.