1. Baidu's Military Connection Raises Sanction Concerns Reports indicate that China’s military has linked its AI program with Baidu’s ChatGPT-like service, sparking fears of potential US sanctions due to its involvement in state-backed military projects. Baidu denies affiliation with the People's Liberation Army, but as a leading AI firm in China, it may face sanctions from the US and its allies.$百度(BIDU.US)$$百度集團-SW(09888.HK)$$ChatGPT概念股(LIST1347.HK)$$ChatGPT概念股(LIST2136.US)$ ...
China’s GDP of $18.5T is where US was in 2016. To put it into context, the US econ has grown to $25.4T since then for a CAGR of 5.3%. Very impressive but considering $5T in stimulus money without which growth would have been 1.3% if not less. China is growing at 5.4% without the benefit of $5T in extra spending out of thin air. That growth is understandably questionable to some giv...
Embattled developer$China Evergrande (ADR)(EGRNY.US)$Group has filed for protection from creditors in a US bankruptcy court as part of its debt restructuring process, as anxiety grows over China's worsening property crisis and a weakening economy. Once China's top-selling developer,$中國恒大(03333.HK)$has become the poster child of the country's unprecedented debt crisis in the property sector, which accounts for ro...
U.S. Treasury Secretary Janet Yellen reiterated on Thursday that she was prepared to take further action to ensure that Americans' bank deposits stay safe amid turmoil in the banking system. U.S. stocks rose after the news$標普500指數(.SPX.US)$ticked up 0.3%,$道瓊斯指數(.DJI.US)$added 0.2%,$納斯達克綜合指數(.IXIC.US)$rose 1%. The turmoil in the financial sector following the collapse of two ...
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