Cathie Wood takes a stake in OpenAI, saying it’s at the forefront of a ‘Cambrian explosion’ in AI
In a Thursday email to clients, the St. Petersburg, Florida-based asset manager said her ARK Venture Fund has invested in OpenAI as of Wednesday.
Bank of England to scrap outdated inflation forecasting model in major overhaul after Fed boss’ review
The Bank of England announced an overhaul of its inflation forecasting models after a long-awaited review by former Fed Chair Ben Bernanke.
Russia battles floods as Ural river swells; Moscow hits ‘critical’ Ukrainian infrastructure
Overnight attacks by Russia on Ukraine damaged infrastructure and private homes across the country, according to regional officials.
UK economy posts 0.1% growth in February in further sign of recession rebound
The U.K. economy fell into a recession last year but showed slight growth in January.
Top Amazon exec says it’s a ‘myth’ robots steal jobs
Stefano La Rovere, director of global robotics at Amazon, said that, rather than replacing jobs, robotics and other technologies are enhancing people’s roles.
China remains crucial for U.S. chipmakers amid rising tensions between the world’s top two economies
Data from S&P Global shows that many U.S. chip giants generate a larger share of revenue from China compared with the U.S. despite increasing trade barriers.
Inside Lilium, the German company trying to revolutionize air travel
German aerospace company Lilium wants to revolutionize air travel by making it a zero-emission sector.
Israeli defense minister says a direct Iranian attack would require appropriate response
Israeli Defense Minister Yoav Gallant said on Thursday that Israel would respond directly to any attack by Iran.
China’s policy to boost demand by $700 billion will have a ‘bigger and bigger’ impact, official says
China’s latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday.
China has strong fundamentals and should remain a focus for businesses, Singapore trade minister says
China is facing economic headwinds in the near term, but Singapore trade and industry minister Gan Kim Yong believes in its long term prospects.
