Author: Admin
[NEW YORK] JPMorgan Chase CEO Jamie Dimon is cautious about the US economic outlook, believing that the full effects of tariffs and other geopolitical headwinds have yet to fully unfold.“I think you better be careful on that one (on the economic impact on the US) because some of these things have long cycles. So we don’t know yet. People are expecting these things to happen right away. But actually, a lot of them haven’t happened,” Dimon said in a podcast interview on Office Hours: Business Edition set to be released on Wednesday morning.The impact of tariffs, immigration, geopolitics and President…
Dr. Joel Bervell, a physician known to his hundreds of thousands of followers on social media as the “Medical Mythbuster,” has built a reputation for debunking false health claims online. Earlier this year, some of those followers alerted him to a video on another account featuring a man who looked exactly like him. The face was his. The voice was not.”I just felt mostly scared,” Bervell told CBS News. “It looked like me. It didn’t sound like me… but it was promoting a product that I’d never promoted in the past, in a voice that wasn’t mine.” It was a deepfake –…
Meta’s TBD Lab unit comprises “a few dozen” researchers and engineers developing its next-generation of foundation models, the company’s finance chief Susan Li said on Tuesday. The team name, TBD Lab, was a placeholder that had “stuck” and felt appropriate, as much of what the team would build was yet to be precisely shaped or determined, Li told investors at the Goldman Sachs Communacopia + Technology conference.”We conceive of it as sort of a pretty small, few-dozen-people, very talent-dense set of folks.”TBD Lab is focused on pushing models to the AI frontier over the next one to two years, she…
Industry giants, including Contemporary Amperex Technology, BYD and Trina Solar, have announced billions on overseas factories in more than 50 countries[HONG KONG] China’s world-leading solar, battery and electric vehicle (EV) companies have sharply increased foreign investment plans in recent years, pledging more than US$210 billion since 2022, according to new research.Chinese companies are expanding their supply chains abroad to capture new markets, avoid tariffs and get closer to sources of raw materials, Johns Hopkins University’s Net Zero Industrial Policy Lab said in a report. Researchers at the lab and Brown University have tracked more than 460 overseas green manufacturing projects…
The mainland’s chip-focused gauge, better known as Star50, now trades at 57 times forward earnings, above its five-year average of 41[HONG KONG] Chip manufacturers and cloud stocks are among the major beneficiaries of China’s push for homegrown technology.Shares such as artificial intelligence (AI) chip designer Cambricon Technologies and production gear maker Naura Technology Group have soared this quarter as traders bet the nation’s drive for self-reliance will supercharge sector growth. Their optimism also sent the SSE Science and Technology Innovation Board 50 Index, a gauge heavy on onshore chipmakers, surging by a record 28 per cent last month. The gains…
Authorities have also raised insurers’ equity investment cap, reduced their capital requirements to hold stocks and improved their ability to weather market volatility[HONG KONG] Chinese insurance firms have increased their equity exposure to the highest level in at least three years, heeding Beijing’s call to build a slow and steady bull market.Equity holdings by the cohort rose 640 billion yuan (S$115 billion) in the first six months of the year to 3.1 trillion yuan, according to regulatory data, the highest level since 2022. Brokerages expect more buying, with Morgan Stanley estimating that insurers will plough more than one trillion yuan…
Artificial intelligence company Perplexity is moving to offer federal agencies secure and streamlined access to its suite of services, a potential prelude to a broader agreement with the U.S. government. The firm — which offers an AI-powered search engine — announced its “Perplexity for Government” initiative on Monday, which will automatically identify federal networks and then provide users with secure access to its models. Perplexity said it will “enforce zero data usage” on these queries and will not store or maintain any requests. “It’s aimed at solving for the needs of feds today,”Jerry Ma, vice president of policy and global affairs at…
Microsoft pulls the plug on Outlook Lite for Android. The slim email app with around five million downloads so far disappears from the Play Store. What does this mean for users of older smartphones?Out of the slim email appMicrosoft ended the Outlook Lite app for Android on October 6, 2025, as the group in a message in Message Center announced. From this date you can no longer be installed in the Google Play Store. Existing users can continue to use the application for a while before the service is finally switched off.The decision is part of the strategy to concentrate…
Danny Parkins drops his Top 10 teams heading into Week 2, sparking plenty of debate.
Elon Musk’s brain implant company Neuralink said on Tuesday that 12 people worldwide have received its chips.This marks an increase from a prior announcement in June, when its partner Barrow Neurological Institute said that seven individuals with severe paralysis had received Neuralink’s implants and were using them to control digital and physical tools through thought.Collectively, the patients have had their devices for 2,000 days and accumulated over 15,000 hours of use, Neuralink said on messaging platform X, formerly known as Twitter, on Tuesday.In July, Neuralink said it will launch a clinical study in Great Britain to test its chips, partnering…