Global markets decline as July data showed the US economy slowed down, and large corporations in the service sector have started feeling its effects. Trump said he will soon announce tariffs on semiconductors, chips, and the pharmaceutical sector.
Global stock markets rose further on Tuesday as investors bet that the Federal Reserve would lower U.S. interest rates to prevent a recession after weak jobs data raised worries of one. Their optimism was tempered by geopolitical concerns after President Trump threatened more tariffs on India and dismissed the head of U.S. labor data.
The suspect in a quadruple murder in Tiptonville, Tennessee has allegedly been seen in Jackson. Police have also arrested three others who they maintain aided him to stay at large. He is considered armed and dangerous, and a $17,500 reward for his arrest is now being offered.
A tech firm called Sensay has built an AI country with entire government of AI replicas of historical figures on an actual island bordering the Philippines. It is a virtual personality governed ecosystem better known as Sensay Island as an attempt to exhibit the potential of AI in ethical and transparent leadership (Marcus Aurelius, Churchill, Gandhi et al).
In Asia, markets opened the week in the green as renewed hopes for U.S. interest rate cuts, though few and far between, eased some of the recent pressure on investors. The prospect of another rate cut in September was lifted by Friday's soft job market report. However, concerns about U.S. policy credibility and political pressure on the Fed remain high.
Andrew Tulloch, a high-profile AI researcher and co-founder of Thinking Machine Lab has reportedly refused to join Meta's MSl even after receiving a 1 billion compensation offer. Tulloch has previously worked with Goldman Sachs, OpenAI and Meta before launching Thinking Machine Lab with Mira Maruti, the former CTO of OpenaAI
A U.S. federal agency has launched an investigation into former Special Counsel Jack Smith over alleged political bias during his Trump probes. The inquiry, sparked by Senator Tom Cotton's complaint, focuses on possible violations of the Hatch Act.
Los Angeles' famed Spelling Manor, former home of late TV producer Aaron Spelling, has been sold to ex-Google CEO Eric Schmidt for a whopping $110 million.
Amazon shares were worst hit while apple also warned against the adverse effect of tariffs on cost. Analysts believe that weak job data will push fed act swiftly to cut rates.
OpenAI has launched a "Study Mode" on ChatGPT to help students develop critical thinking skills. Rather than spoonfeeding answers to students, the tool makes them work their way through a series of questions, explanations, and quizzes. It is available now for logged-in users and will soon arrive on Edu accounts. OpenAI wants to help students learn more deeply and stop AI from misbehaving in the classroom
Bowen Zhang, Apple's high-profile AI researcher becomes the latest to leave for Meta. He is the fourht Apple AI expert to depart for Meta in the past month. This is putting pressure on Apple's internal AI projects, concerns about talent retention, and the future of its foundation models team.
Asian shares were flat on Wednesday after trade talks between the United States and China ended without any progress. Investors are bracing for the Federal Reserve's interest rate decision. There was a cautious shift in key indexes that included the Nikkei, Hang Seng, and MSCI's Asia-Pacific index. Crude prices edged higher as earnings and central bank announcements took the global market spotlight.
These glasses, which are made to connect to Alibaba's own AI tools, feature immediate translations, payments, directions, and price comparisons. They will be powered by Qualcomm's AR chip and are expected to launch in China later in the year.
Asian shares fell on Tuesday as worries about the lasting impact of the U.S.-EU trade deal continued to weigh. But even as they sidestepped the worst-case tariffs, investors fear that higher levies will hobble global growth. Oil prices also shot up after President Trump gave Russia a new deadline over Ukraine, further roiling markets.
China's iconic Shaolin Temple monk is under official investigation over alleged funds mismanagement and violation of Buddhist rules. The investigation is also looking at allegations of embezzlement, maintaining relationships with more than one woman and having a child. The Temple confirmed that the investigation was under way and involved several Chinese agencies.
Audrey Crews, who has been paralyzed for 20 years, is the first woman to use Neuralink's brain implant to control a computer with her mind. Thanks to a revolutionary operation by Elon Musk's brain–computer interface (BCI) company, she can now write, draw and play games — using only her mind to interact with digital devices.