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.
Author: admin (Kendrick Williams)
Post
BLOCKCHAIN BATTLES
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.
Post
THE THANKSGIVING DAY MASSACRE THAT DIDN’T HAPPEN
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.
Post
THE PEOPLE ARE SPEAKING, BUT DON’T EXPECT ELITES TO LISTEN
People are rising up in unprecedented political upheavals in Argentina, Ireland, the Netherlands and Spain.
Post
AI SPOTS BREAST CANCER EARLIER THAN PHYSICIANS
A specialized AI program found 13 percent more early-stage cases of breast cancer than physicians did, a new study in Nature Medicine reported.
Post
AI BOOSTS DEMAND AND SPENDING FOR CLOUD SPACE
As businesses put AI to work, their demand for cloud computing, and their budgets for it, are on the rise.
Post
MOST COMPANIES ADOPTING AI ARE UNREADY TO MAKE USE OF IT, CISCO STUDY FINDS
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.
Post
DID OPENAI FIND ARTIFICIAL INTELLIGENCE’S HOLY GRAIL?
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.
Post
NEW WAY TO USE COPPER PROMISES CHEAPER DRUGS
Copper can ease the pain of arthritis and fight infections, but now it also may deliver far cheaper pharmaceuticals, thanks to a discovery by researchers at the University of California Los Angeles (UCLA).
Post
HYDROGEN’S DILEMMA: BETTER PERFORMANCE BUT YEARS BEHIND
For big rigs hauling heavy loads over long distances, hydrogen is a better clean fuel than electric batteries, fleet operators say, because the trucks are not also hauling a literal ton of electric power supply.