Global Economy Headed for Era of Economic Growth, Goldman Sachs Economist Predicts
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Global Economy Headed for Era of Economic Growth, Goldman Sachs Economist Predicts
Global Economy Headed , for Era of Economic Growth, , Goldman Sachs Economist Predicts.
Business Insider reports that the global economy may be
headed toward an era of new growth, driven by the advent
of artificial intelligence and the push for decarbonization.
Business Insider reports that the global economy may be
headed toward an era of new growth, driven by the advent
of artificial intelligence and the push for decarbonization.
According to Goldman Sachs analyst Peter Oppenheimer,
the global economy is headed for another
"long boom" as interest rates and inflation peak.
Last year, tech companies ruled the market as the
AI sector boomed, with firms like Nvidia and Meta
seeing triple-digit gains in their stock values.
Last year, tech companies ruled the market as the
AI sector boomed, with firms like Nvidia and Meta
seeing triple-digit gains in their stock values.
Last year, tech companies ruled the market as the
AI sector boomed, with firms like Nvidia and Meta
seeing triple-digit gains in their stock values.
Oppenheimer suggests that Wall Street remains
optimistic about where AI will take markets in 2024
as the technology reaches more sectors of the economy.
Compared to the tech giants of the early 70s and the
Japanese tech bubble of the 80s, companies at the
center of the AI boom are already much more profitable.
Compared to the tech giants of the early 70s and the
Japanese tech bubble of the 80s, companies at the
center of the AI boom are already much more profitable.
They're already much more
profitable.
So I think this is a story
that can run and have quite a big
impact for some time to come, Peter Oppenheimer, Goldman Sachs analyst,
via CNBC's 'Squawk Box Europe'.
Business Insider reports that the world's
decarbonization efforts will be the other major
driver of the coming cycle of economic growth.
According to Oppenheimer, developments in tech
will be driven by the changing physical demands
of our world amid worsening climate change.
According to Oppenheimer, developments in tech
will be driven by the changing physical demands
of our world amid worsening climate change.
Due to the world's warming climate, governments
and economies are being pushed toward
restructuring and modernizing.
.
Oppenheimer suggests that this push to
adapt to climate change will usher in
a new phase of global economic growth.
Q1 Update Reveals , US Economy Grew Slower , Than Initially Thought.
Yahoo Finance reports that the United States economy grew at a slower rate than initially thought during the first quarter of 2024.
According to the Bureau of Economic Analysis' (BEA) second
estimate of the Q1 gross domestic product (GDP), the
economy grew at 1.3%, down from 1.6% reported in April.
The BEA said the updated numbers , "primarily reflected a downward
revision to consumer spending.".
Personal consumption in Q1 grew at just 2%,
down from the 2.5% previously reported. .
The weaker headline growth
statistic looks discouraging, but it
belies solid underlying momentum
as the economy’s core — private
domestic sales to domestic
purchasers — showed a healthy
expansion of 2.5% annualized, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
Yahoo Finance reports that many
economists do not perceive the slowdown
as the beginning of a broader trend. .
Before the latest numbers were released,
Goldman Sachs had forecast 3.2%
annualized growth in Q2. .
At the same time, the Atlanta Fed's GDPNow
has projected Q2 annualized growth of 3.5%. .
Monthly data beyond
March generally point
to a continued, albeit gently
cooling, economic expansion, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
We anticipate continued
GDP gains this year
and a healthy advance
in 2024 overall, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Uses AI to Add , Over 100 New Languages to Translate.
Google Translate continues to get better,
as the company has used AI to add 110 new languages to the feature, Engadget reports. .
According to Google, the new languages represent over 600 million speakers,
or 8% of the worldwide population. .
Google referenced its LLM, PaLM 2, as "a key piece to the puzzle, helping Translate more efficiently learn languages that are closely related to each other," .
... "including languages close to Hindi, like Awadhi and Marwadi, and French creoles like Seychellois Creole and Mauritian Creole.".
Isaac Caswell, senior software
engineer for Google Translate, issued
a statement about the development.
As technology advances, and as
we continue to partner with expert
linguists and native speakers, we'll
support even more language varieties
and spelling conventions over time, Isaac Caswell, senior software engineer
for Google Translate, via Engadget.
The last time Translate had a sizeable number of languages added to it was in May of 2022.
At the time, the company utilized the help of Zero-Shot Machine Translation, which
"allows a model to learn a new language" without viewing examples, Engadget reports. .
Later in 2022, Google announced its
1,000 Languages Initiative.
The Initiative seeks to develop AI models that can learn the 1,000 most common languages spoken around the world. .
The Initiative seeks to develop AI models that can learn the 1,000 most common languages spoken around the world.
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
Many people are falling victim to the explosion of AI videos, where their images are used - without consent - to create content sometimes with dubious motives.
#AIVideo #PrivacyConcerns #AIAbuse #Deepfakes #ImageConsent #AIethics #DigitalRights #CyberSecurity #TechRegulation #AIPrivacy #AIManipulation #IdentityTheft #DeepfakeThreat #OnlineSafety #DataProtection
~HT.178~PR.152~ED.194~
High tech farms are no longer unusual in Singapore. In fact they have been sprouting up like mushrooms over the past five years. While many of the innovative farms in the city state still have to become profitable, a vertical shrimp farm has achieved price parity with coastal aquaculture ponds in Indonesia or Vietnam. This is thanks to an AI operated system which controls day to day operations.
#HighTechFarming #SingaporeAgriculture #VerticalFarming #ShrimpFarming #AIFarming #InnovativeAgriculture #UrbanFarming #SustainableFarming #AgriTech #AIinAgriculture #Aquaculture #FoodTech #SmartFarming #AIControlled #TechInnovation
~PR.152~ED.194~GR.125~
Researchers Use Machine Learning , to Understand How , Elephants Communicate.
'BGR' reports that communication
among elephants may be more complex
than scientists previously believed.
New evidence suggests that elephants
possess unique names which are
used to address specific elephants.
The study, made possible with the help
of machine learning, was published in
the journal 'Nature Ecology and Evolution.'.
Machine learning was used to help researchers
analyze hundreds of wild elephant calls,
searching for three specific "rumbles.".
These rumbles, which include a greeting, a caregiving
gesture and a contact calling sound, are the primary
form of communication used among elephants.
Other animals are known to refer to their peers
by name. Both dolphins and parrots address
each other by mimicking the receiver's voice.
Other animals are known to refer to their peers
by name. Both dolphins and parrots address
each other by mimicking the receiver's voice.
Elephants, on the other hand, use a more
abstract approach which is more closely
related to the way humans communicate.
Researchers believe the findings could
suggest that elephants are capable of abstract
thought, which would make them much
more intelligent than previously believed.
It remains unclear whether each individual
elephant has its own unique name, or if
they somehow share names or titles.
'BGR' reports that AI has proven very helpful in working
to decode nature's mysteries. Another study used AI
to begin unraveling the secret language of dogs. .
'BGR' reports that AI has proven very helpful in working
to decode nature's mysteries. Another study used AI
to begin unraveling the secret language of dogs.
Credit: Wibbitz Top Stories Duration: 01:31Published
Nvidia Rides Wave of AI Interest , to Overcome Apple as the, Second-Most Valuable Company.
'The Independent' reports that Nvidia has overtaken
Apple as the world's second-most valuable company,
with an estimated value of over $3 trillion.
'The Independent' reports that Nvidia has overtaken
Apple as the world's second-most valuable company,
with an estimated value of over $3 trillion.
The chipmaker has seen share values skyrocket
amid speculation about artificial intelligence, which
is powered by chips like those produced by Nvidia.
The growing interest in AI has made Nvidia
the biggest company in Silicon Valley,
allowing it to unseat Apple. .
The growing interest in AI has made Nvidia
the biggest company in Silicon Valley,
allowing it to unseat Apple. .
Meanwhile, the iPhone maker has seen
its own value fall amid concerns such as
dwindling sales in the Chinese market.
Nvidia now has plans to split its stock
ten-for-one on June 7, a decision that has
the potential to attract more individual investors.
Nvidia is making money on AI
right now, and companies like Apple
and Meta are spending on AI, Jake Dollarhide, chief executive officer at
Longbow Asset Management, via 'The Guardian'.
It may be a foregone conclusion
that Nvidia will overtake Microsoft
as well. There’s a lot of retail money
that’s piling in on what they
see as a straight shot up, Jake Dollarhide, chief executive officer at
Longbow Asset Management, via 'The Guardian'.
So far in 2024, Nvidia has seen its stock surge 147%,
rallying nearly 30% since May alone when
the company released its latest revenue forecast.
On June 5, the chipmaker added almost
$150 billion in market capitalization,
which is more than AT&T's total value.
The same interest in AI also drove a general rally
for AI chip stocks, with PHLX chip index rising
4.5% and Super Micro Computer climbing 4%
Credit: Wibbitz Top Stories Duration: 01:30Published
Intel Reveals , New AI Chips.
On June 4, Intel announced its new
Xeon 6 processor, CNBC reports. .
The new AI chips will help to
provide better performance and more efficient power for data centers.
The announcement follows similar
launches from rivals Nvidia and AMD.
The announcement follows similar
launches from rivals Nvidia and AMD.
Intel launched its 5th Gen Intel Xeon processors just six months ago.
In April, the company
unveiled the Gaudi 3 processor.
Customers are looking for high
performance, cost-effective gen AI
training and inferencing solutions.
And they’ve started to turn
to alternatives like Gaudi. , Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
They want choice. They want
open software and hardware
solutions and time to market
solutions at dramatically lower
TCOs [total cost of ownership], Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
Intel plans "to continue to grow the AI PC category" with its Lunar Lake chips, which
are scheduled to ship in Q3 2024.
Intel, which recorded a $7 billion operating loss in 2023, is attempting to catch up to
its rivals amid the ongoing AI frenzy.
While Intel has been struggling, it differs from Nvidia and AMD because it manufactures chips in addition to designing them.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance
Credit: Wibbitz Top Stories Duration: 01:31Published
Nvidia Looks to , Accelerate Production , With New Packaging Technology.
Yahoo Finance reports that Nvidia Corp has announced
plans to use Fan-Out Panel Level Packaging (FOPLP)
technology to package its GB200 AI server chips.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
According to industry experts, FOPLP
could be a viable alternative to CoWoS
amid the increasing demand for AI chips. .
Analysts consider Nvidia the premier accelerated
compute and generative AI supplier, backed
by production plans with Blackwell Chip. .
Over the past year, stock in
Nvidia has gained over 184%. .
On May 29, shares in Nvidia were up
0.89% at $1,149.10 in premarket trading. .
Yahoo Finance reports that a growing
number of packaging companies are
getting ready to offer FOPLP services. .
Yole Group has predicted that
its market share will increase
from 2% in 2022 to 8% by the year 2028.
The gains are expected to primarily
be driven by higher yields and
increasing cost efficiency.
Experts point out that while FOPLPs could reduce cost
and expand capacity, they have weaker technical
specifications compared to the current CoWoS standard
Credit: Wibbitz Top Stories Duration: 01:31Published
Mark Zuckerberg's Meta is rolling back restrictions on Donald Trump's Facebook and Instagram accounts ... making the reversal only days after Trump ripped Mark.. TMZ.com
Facebook and Instagram owner Meta says there’s a huge opportunity in the “super competitive” artificial intelligence (AI) market, with the tech giant spending up to €37 billion this year on developing infrastructure.
Credit: euronews (in English) Duration: 01:47Published
Retail Sales Top Predictions, , Ending 2023 Strong.
Yahoo Finance reports that December's retail sales showed
consumer spending in the United States continues to be
resilient, quelling fears of..
Credit: Wibbitz Top Stories Duration: 01:30Published
Global Economy on Track for , Worst 5 Years of Growth , in 3 Decades.
The World Bank recently warned that
the global economy is headed toward its
worst half decade of growth in over 30 years.
CNBC..
Credit: Wibbitz Top Stories Duration: 01:31Published
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