What metaverse? Meta says its single largest investment is now in ‘advancing AI’ – CNN
Roughly a year-and-a-half after Facebook renamed itself “Meta” and said it would go all-in on building a future version of the internet dubbed the metaverse,...
Category : News En
Oil prices crater as inventories build, fears ripple through global markets – yahoo! finance
As fears over the banking system weigh on markets worldwide, the price of oil has come under significant pressure in recent days with WTI crude...
Credit Suisse to borrow up to $54bn from Swiss central bank – The Financial Times
Credit Suisse plans to borrow up to SFr50bn ($54bn) from the Swiss central bank and buy back about SFr3bn of its debt, in an attempt...
Moody’s warns of more pain for US banks as downgrades sector – BBC News
Ratings giant Moody’s has warned of more pain ahead for the US banking system after a run on deposits led to the collapse of Silicon...
UK Budget: why the economy has grown so slowly – The Financial Times
The UK economy is in the doldrums. The IMF has forecast it will be the worst-performing large advanced economy this year. But the problems stretch...
What the loss of Silicon Valley Bank means for Silicon Valley – The Economist
Silicon valley is a tough place to be a banker. Startup bosses call with references but no revenue. Loans can seldom be secured against physical...
The technology behind ChatGPT is about to get even more powerful – CNN
Nearly four months after OpenAI stunned the tech industry with ChatGPT, the company is releasing its next-generation version of the technology that powers the viral...
Mark Zuckerberg’s Meta to axe another 10,000 employees in a fresh round of job cuts – Euronews
Facebook’s parent company Meta is slashing a further 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs, it...
How to stop the commoditisation of container shipping – The Economist
Don’t feel bad if MSC, the Mediterranean Shipping Company, is the biggest ocean-going carrier you have never heard of. It is meant to be that...
Inflation Report Arrives as Fed Confronts Bank Failures – WSJ
The Labor Department’s inflation reading Tuesday will inform the Federal Reserve on price pressures in the economy as the central bank confronts bank failures. The...