Explained - page 48

Finance & Economics

Jeremy Hunt Blames Brexit for Instability

British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.

Finance & Economics

Eurozone Inflation Shows Decline

In November, the dynamic of the decline in inflation in the eurozone turned out to be more intense than expected.

Finance & Economics

French Economy Unexpectedly Contracts

In France, according to the results of the third quarter of this year, the economy contracted, which came as a surprise to analysts who predicted a positive situation.

News

AWS and Nvidia to Deliver Generative AI Infrastructure

Amazon Web Services (AWS) and Nvidia have announced the expansion of cooperation to provide consumers with advanced infrastructure, software, and services for innovation in the sphere of artificial intelligence.

News

Neuralink Raises $43 Million

Neuralink, a company founded by Elon Musk that specializes in the development of implantable chips capable of reading brain waves, was able to attract additional venture capital for $43 million.

News

White House Reportedly to Redouble Measures to Strengthen Supply Chains

The media reports that this week the administration of the President of the United States Joe Biden will double measures aimed at strengthening the supply chain.

Fintech & Ecommerce

Berkshire Hathaway Exits India’s Paytm

American Berkshire Hathaway Inc. has withdrawn from the Indian Paytm, as evidenced by information on the local stock exchange.

Science & Technology

Bill Gates Says About AI Impact on Number of Working Days

Billionaire Bill Gates during a conversation with actor and comedian Trevor Noah as part of the podcast What Now? shared his thoughts on the potential options for the influence of artificial intelligence on human life.

Finance & Economics

Chinese Zhongzhi Enterprise Group Says About Its Huge Debt

The largest Chinese asset management company Zhongzhi Enterprise Group (ZEG) has informed investors that it is no longer able to pay its bills.

News

Global Smartphone Sales Show Growth

In October, for the first time in 27 months, the global smartphone market recorded an increase in sales volumes on an annualized basis.

Science & Technology

AI Startup Cohere CEO Criticizes Movement for Self-Righteousness

Aidan Gomez, CEO of the startup Cohere, which operates in the sphere of artificial intelligence, in his letter addressed to the employees of this company, in negative terms criticized the movement for effective altruism.

Finance & Economics

White House Gives $50 Million to Small Businesses

The Administration of the President of the United States Joe Biden announced the provision of new financial assistance to those representatives of the small business sector who are in an underserved area.

Science & Technology

Nvidia’s Revenue Demonstrates Growth

Nvidia has released its financial results for the quarter ended October 29.

News

HP Posts Revenue Decline

HP has published a report on its quarterly sales, which did not meet analysts’ expectations because the projected recovery of the personal computer market is still a hypothetical vision of the future and is not in the space of objective reality that cannot be denied.

Science & Technology

China Fines Foxconn

In China, local tax authorities fined a subsidiary of Foxconn Technology Group.

Finance & Economics

German Budget Crisis Worsens

The German leadership decided on an emergency spending freeze against the background of the decision of the country’s top court, which aggravated the already existing budget crisis, which became a kind of shock factor for Europe’s largest economy.