DBS economists Radhika Rao and Mo Ji project China’s Gross Domestic Product (GDP) growth to slow from 5.0% year-on-year in Q1 to 4.8% in Q2. They note resilient industrial production and strong export growth driven by AI-related electronics, but highlight weak retail sales, subdued household sentiment, and continued drag from…
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The AI boom is rattling the creator economy, but Instagram’s head says it could ultimately make human creators more valuable.”In a world where there’s an abundance of synthetic content, I actually think people are going to seek out creativity and authenticity and people more, not less. And I think that that will help us,” Adam Mosseri said in an episode of Lenny Rachitsky’s podcast that aired on Thursday.Mosseri, who has been Meta’s Head of Instagram…
The UK Royal Navy said on Wednesday that it’s been test-launching sea drones from a…
The AUD/USD pair attracts buyers for the second straight day and climbs to a two-and-a-half-week…
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Uber has a new approach to using AI: “Agentic pods.”Praveen Neppalli Naga, the ride-hailing company’s tech chief, said in an X post on Tuesday that Uber embedded 30 of its “most AI-proficient engineers” with teams across the company, including finance, legal, and human resources.Over two weeks, the engineers worked with…
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President Trump gave three brilliant speeches over July 4th weekend. First at the freedom and faith convention, then at Mount Rushmore, and then on July 4th on the National Mall at Washington D.C. He emphasized two large-scale thoughts. First, America’s greatness both past, present and future. And second, godless communism…
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Fidji Simo, one of OpenAI’s top executives, is stepping down.Simo, the company’s CEO of applications, wrote on X on Thursday that she has decided to leave her full-time role and become a part-time advisor.Simo went on medical leave three months ago. She said on Thursday that she would focus on…
