Private equity firms have committed to $2 trillion worth of deals that they have not yet funded, data service Preqin reported.
Author: admin (Kendrick Williams)
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TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: CHINA’S SOLAR FARMS ARE CROWDING OUT CROPS
As part of its relentless obsession with building infrastructure, in 2023 China installed more solar panels than the U.S. has in its history—217 million kilowatts, more than half of all the solar capacity the world added last year.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
After slowing steadily for months, China’s factory production actually contracted in July, according to the Caixin S&P Global purchasing managers index (PMI).
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FORMER PALESTINIAN INMATES DETAIL THE HORRORS OF BEING HELD BY ISRAEL
A report published by the human rights group B'Tselem shed new light on the abuse and mistreatment that Palestinian inmates face while being held by the Israelis—usually without ever being charged with a crime.
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MICROSOFT WILL INVEST MORE IN CLOUD AS GROWTH SLOWS
Microsoft will continue pouring money into expanding its cloud infrastructure to support the AI economy even though growth in its cloud business has slowed, the company announced.
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GOOGLE MOVES AGAINST DEEPFAKE PORN
Google is enlisting its iconic search engine in the battle against deepfake porn.
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MORGAN STANLEY BUILDS ITS OWN AI TOOL FOR FINANCIAL ADVISORS
Morgan Stanley has deployed AI@Morgan Stanley Debrief, which summarizes meetings and rough-drafts follow-up emails for the company’s financial advisors. Instead of adapting a bot built by an AI company, the bank worked with engineers at OpenAI to create this AI from scratch, customized to its own needs. With that approach, “you get to design it,......
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ORNL CREATES AN AI TO DEFEND THE ELECTRIC GRID
The Oak Ridge National Laboratory (ORNL) is leading a project developing an AI to protect the U.S. electric grid from cyberthreats, a growing concern as the country’s aging electrical infrastructure connects more and more distributed power sources ranging from home batteries and wind turbines to electric cars.
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OPENAI ANNOUNCES ITS OWN SEARCH ENGINE
OpenAI is testing SearchGPT, a search engine that could dethrone Google from the pinnacle of the Internet search market.
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LUMMIS INTRODUCES LEGISLATION FOR BITCOIN NATIONAL RESERVE
Prominent Bitcoin political advocate Senator Cynthia Lummis (R-WY) moved this week to introduce a bill that would establish a strategic Bitcoin allocation to Federal government reserves, as an additional store of value to bolster America’s balance sheet.