Daily Headlinez Top News Updates
File photo: Traders work on the floor of the New York Stock Exchange (Picture credit: AP) US stock markets moved higher on Friday, clawing back part of the heavy losses seen earlier in the week, as technology shares recovered and bitcoin halted its recent slide. The rebound came after several volatile sessions driven by worries…
File photo: Traders work on the floor of the New York Stock Exchange (Picture credit: AP) US stock markets moved higher on Friday, clawing back part of the heavy losses seen earlier in the week, as technology shares recovered and bitcoin halted its recent slide. The rebound came after several volatile sessions driven by worries…
China on Friday strongly opposed the recently signed trade agreement between Washington and Taipei, aimed at cutting tariffs on Taiwanese products and boosting the island’s investment in the United States. “China consistently and resolutely opposes any agreement… signed between countries with which it has diplomatic relations and the Taiwan region of China,” ministry spokesman Guo…
Sundar Pichai (Image credit: BBC interview/ Youtube) Google CEO Sundar Pichai has weighed in on the ongoing debate in the industry on the AI bubble, issuing a stark warning regarding the current wave of AI investment. He stated that the tech giant sees “elements of irrationality” in the booming market and that “no company is…
Facebook-parent Meta is preparing to spend up to $72 billion on AI infrastructure this year. Now concerns about the overspending and a potential tech bubble are mounting. However, according to Meta’s chief marketing officer and VP of analytics Alex Schultz feels that the investment strategy of the company is bold but far from irrational. As…
Major US firms reduce staff amid AI investment and tariff uncertainty. (Getty Images) A growing number of major US companies have announced large-scale job cuts, citing the redirection of resources towards artificial intelligence (AI) initiatives and the impact of shifting tariff policies under President Donald Trump. The layoffs have created widespread uncertainty in the employment…
New Delhi: The International Monetary Fund (IMF) has cautioned that the surging investment in artificial intelligence echoes the dot-com boom of the late 1990s and it could pose risks. IMF chief economist Pierre-Olivier Gourinchas said in a blog after the release of the World Economic Outlook update that optimism is fuelling tech investment, lifting stock…
