ECONOMIC UPDATE – MARKET OVERVIEW

ECONOMIC UPDATE – MARKET OVERVIEW

As we note just about every week, the “Bigs” keep getting bigger and the rich keep getting richer, while the average person—the plantation workers of Slavelandia—keeps getting poorer. 

People In New York Walking By A Branch Of Atlantic Bank

TOP TREND 2024: BANKS GO BUST

Four private equity firms have together spent a reported $1.05 billion to buy stock in the ailing New York Community Bancorp (NYCB).

And the number of U.S. banks showing problems soared from eight to 52 in last year’s final three months, the sharpest spike since…

WILL AI BE JARVIS, OR SYNTHETIC TONY STARK?

WILL AI BE JARVIS, OR SYNTHETIC TONY STARK?

To hear uber techno-optimists Peter Diamandis and Cathie Wood of Ark Invest preach it, whirlwind ascendant and fast converging AI, robotic and genetic technological advances are creating an “automagical” age for humankind.

 

 

Global Economy

The Israel War

AI

CHINA’S NEW AI OUTPERFORMS GPT-4, DEVELOPERS CLAIM

CHINA’S NEW AI OUTPERFORMS GPT-4, DEVELOPERS CLAIM

Spark v3.5, an AI unveiled by the Chinese company iFlytek, is better than OpenAI's GPT-4 Turbo in processing language, doing math, coding, and can mimic human speech in ways that reveal emotions, the company announced.

AI HEAVYWEIGHTS INVEST IN ROBOT START-UP

AI HEAVYWEIGHTS INVEST IN ROBOT START-UP

Figure AI, a Silicon Valley start-up building AI-driven robots, announced it has raised $675 million from investors including Intel, Microsoft, Nvidia, OpenAI, and the family fund of Amazon founder Jeff Bezos.

AI WILL BE AS CAPABLE AS HUMANS IN NEAR FUTURE, ZUCKERBERG SAYS

AI WILL BE AS CAPABLE AS HUMANS IN NEAR FUTURE, ZUCKERBERG SAYS

AI developer Meta is pouring another $10 billion into creating "an absolutely massive amount of infrastructure" to develop artificial general intelligence (AGI)—the kind that bests humans in a variety of mentally demanding challenges, Meta chief Mark Zuckerberg said last week.

Hi-Tech Science

NEW MATERIAL DOUBLES HYDROGEN STORAGE CAPACITY

NEW MATERIAL DOUBLES HYDROGEN STORAGE CAPACITY

Hydrogen is making headlines as a potentially limitless clean fuel that holds more energy in a given space than lithium-ion batteries. (See “A Gold Rush for Gold Hydrogen” 5 Mar 2024.) However, as hydrogen’s benefits draw more interest, so does a key problem: the gas is hard to store.

ELECTRONICS RECYCLERS STRIKE GOLD

ELECTRONICS RECYCLERS STRIKE GOLD

Electronic trash is laced with rare minerals and even gold—but recovering that gold from discarded computers’ circuitry has been too complex and expensive to make it worthwhile.

The above are just a few of the many articles in the latest Trends Journal. CLICK HERE for the full edition​.

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