News Editor
Global watchdog warns over ‘very high leverage’ in hedge funds
Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday,...
Dollar edges lower, but remains elevated on global growth concerns
The U.S. dollar edged lower in early European trade Wednesday, but remained near a six-month peak as global growth concerns weighed on risk appetite.
At...
European stocks lower; weak German factory orders weigh
European stock markets traded lower Wednesday, as weak German factory orders and rising oil prices added to global growth concerns.
At 03:35 ET (07:35 GMT),...
Colossal-AI’s Groundbreaking Advancements in Large Model Training
TL;DR Breakdown
Colossal-AI introduces a groundbreaking solution for large model training, making AI development more efficient and cost-effective.
They accelerate LLaMA2 model training significantly and provide...
Samuel Altman, CEO of OpenAI, Granted Indonesia’s Special Residency Permit
TL;DR Breakdown
Samuel Altman, the leader of OpenAI, has been granted a 10-year special residency permit in Indonesia, recognizing his AI knowledge.
Indonesia aims to enhance...
Can the G20 Summit Thrive Without Key Leaders Like Xi Jinping...
TL;DR Breakdown
Xi Jinping's surprising decision not to attend the G20 Summit highlights China's shifting diplomatic strategy.
China's strategic emphasis on AI supremacy challenges traditional global...
Foxconn’s August sales drop 8% y/y, Q3 outlook better
Taiwan's Foxconn, the world's largest contract electronics maker and a major supplier for Apple (NASDAQ:AAPL), said on Tuesday revenue in August fell 8% year-on-year...
Euro zone August downturn deeper than was thought -PMIs
The decline in euro zone business activity accelerated faster than initially thought last month as the bloc's dominant services industry fell into contraction, according...
Dollar rises close to three-month highs after weak Chinese data
The U.S. dollar gained in early European trade Tuesday, as traders turned to this safe haven after disappointing Chinese services activity hit risk-taking sentiment.
At...
With grain deal in focus, Putin to meet Erdogan in Russia
Turkish President Tayyip Erdogan will try to convince Kremlin chief Vladimir Putin to return to a Ukraine grain export deal that helped ease a...
