China’s economy will fail to meet Beijing’s 5-percent growth target this year, according to several investment banks that have now cut their forecasts for the world’s second-largest economy.
Author: admin (Kendrick Williams)
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TOP TREND 2023: OFFICE BUILDING BUST
Buildings constructed for life sciences companies—decked out with labs, clean rooms, sensitive ventilation systems, and other custom details—were prime investments as the COVID War raged.
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TOP TREND 2024, EV GO FU: VOLVO DELAYS TRANSITION TO ALL-EV LINEUP
Volvo has abandoned its goal of making and selling only all-electric passenger vehicles (EVs) by 2030, the company announced last week.
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TOP TREND 2024, BANKS GO BUST: BANKS’ PROFITS RISE BUT SO DO POORLY PERFORMING LOANS
The bank sector’s profits rose 11 percent in this year’s second quarter, compared to the first, the Federal Deposit Insurance Corp. (FDIC) reported. Profits totaled $71.5 billion across the survey’s 4.539 institutions.
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FORGET STATUES: TEARING DOWN THE BILL OF RIGHTS
Authorities are growing tired of having to subvert and circumvent the highest law of the land.
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THIS WEEK IN SURVEILLANCE
Part of Britain’s current surreal crackdown on the mildest forms of political dissent, including imprisoning people for reposting memes on social media critical of immigration policies, is being made possible by AI surveillance and tracking.
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WHAT 1 TRILLION IN NEW DEBT EVERY THREE MONTHS MEANS FOR BITCOIN
684 billion and change. That’s how much U.S. debt has grown in just the past three months.
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BRITAIN, EU, U.S. TO SIGN NEW INTERNATIONAL CONVENTION ON AI
This week, Britain, the European Union, and the U.S. are scheduled to sign the Council of Europe’s legally binding convention on AI standards.
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GROUP PROPOSES DEFINITION OF “OPEN SOURCE” AI
While many in AI have advocated open source models, the community has yet to define exactly what “open source” means in the context of this particular technology.
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AI’S LATEST OBSTACLE: BITCOIN MINING
As we reported in “Data Centers’ Power Demand Spikes Utilities’ Stock Prices, Grid Concerns” (28 May 2024), the rush to build AI data centers is claiming more and more of the U.S. electricity supply.