James Cameron Joins Stability AI Board to Boost AI in the Film Industry
James Cameron Joins Stability AI
Global Smartphone Market Analysis for the First Half of 2024: Three Chinese Brands in the Top Five
Global Smartphone Market
European Central Bank Rate Cut Expectations Heat Up, Drawing Significant Market Attention
European Central Bank Rate Cut
WMO Releases the 2023 Africa Climate Status Report: Climate Change Poses Severe Challenges to Africa
2023 Africa Climate Status Report
Pro Business News
OpenAI
OpenAI Reportedly Considering Shift to For-Profit Company; CEO Sam Altman Denies Equity Rumors
According to ‘The Wall Street Journal’ and multiple media outlets, OpenAI is reportedly considering a transition from a nonprofit organization to a for-profit company
Citigroup & Apollo Global
Citigroup and Apollo Global Management Partner to Enter Private Credit Market with $25 Billion Deal Plan
Citigroup (C.US) and Apollo Global Management (APO.US) have announced a partnership to collaborate in the fast-growing private credit market, with plans to complete $25 billion worth of deals over the next five years.
China
China Plans to Inject 1 Trillion Yuan into State-Owned Banks to Enhance Financial Services
According to insiders, the Chinese government is considering injecting up to 1 trillion yuan (approximately $142 billion) to bolster the capital strength of its major state-owned banks.
SpaceX & Vietnam
SpaceX Aims to Bring Starlink Satellite Internet to Vietnam, A Market with Huge Potential
Recently, representatives from SpaceX met with Vietnamese government officials to discuss the possibility of introducing Starlink satellite internet services in Vietnam.
The downward trend in international oil prices
International Oil Prices Continue to Fall, Saudi Arabia May Abandon $100 Target
September 26 – Both WTI and Brent crude prices continue to decline. WTI crude oil has dropped more than 2% in a day, now trading at $67.56 per barrel, while Brent crude is reported at $70.67 per barrel.
Warren Buffett
Warren Buffett Further Reduces Stake in Bank of America, Nears 10% Regulatory Threshold
Berkshire Hathaway, the conglomerate led by Warren Buffett, has further reduced its stake in Bank of America.
Massive Data Centers
OpenAI Proposes Building Massive Data Centers Across the U.S. to the White House
OpenAI is proposing the construction of large data centers with a total installed capacity of 5 gigawatts across multiple U.S. states to support the advancement of artificial intelligence (AI).
New York City Mayor Eric Adams
New York City Mayor Eric Adams Indicted in Federal Corruption Probe, Becomes First Sitting Mayor to Face Criminal Charges
On September 25, New York City Mayor Eric Adams was officially indicted following a federal corruption investigation, making him the first sitting mayor in the city's history to face criminal charges.
Rightmove & REA Group
Rightmove Rejects REA Group’s Third Acquisition Proposal, Citing Significant Undervaluation
On September 25, 2024, Rightmove, the UK’s largest property portal, announced that it had rejected a third acquisition offer from Australia's REA Group
Rice shortage in Japan
Japan Faces Rice Shortage Due to Climate Change and Increased Consumption
This summer, Japan is experiencing a rice shortage, significantly influenced by climate change.
Global Financial Centres Index
GFCI 36 Released: New York and London Maintain Top Positions, Hong Kong Returns to Third Place
On September 24, 2024, the 36th edition of the Global Financial Centres Index (GFCI 36) was jointly released by the UK's Z/Yen Group and the China Development Institute (Shenzhen).
James Cameron Joins Stability AI
James Cameron Joins Stability AI Board to Boost AI in the Film Industry
On September 24, 2024, AI startup Stability AI announced that renowned director James Cameron has officially joined its board of directors.
Continue Reading