All posts tagged: bubble

Mishal Husain Bursts Jeremy Hunt’s Bubble Over Economic Growth

Mishal Husain Bursts Jeremy Hunt’s Bubble Over Economic Growth

[ad_1] Mishal Husain did not let Jeremy Hunt boast about the UK’s economic growth today and reminded him of the disasters the country has faced under the Tories. While the chancellor was celebrating the news from the ONS that the UK is officially out of recession, the Today programme host kicked off the interview by saying: “It’s not a strong recovery is it? “Some people would call it anaemic. You’re not calling it strong are you? “That’s not what it is. The economy has barely grown over the last two years.” Hunt claimed over the last quarter, the UK had the joint-highest growth in the G7– and then blamed slow growth on the Bank of England’s high interest rates. Husain hit back: “You’re portraying yourself as the people in whose hands the economy is safe, and yet many voters, particularly those who are perhaps finding themselves re-mortgaging this month on higher rates and seeing the facts that fixed rate mortgage deals have been edging up – and others – will be remembering what happened under …

Is the AI bubble already showing signs of weakness and going to pop?

Is the AI bubble already showing signs of weakness and going to pop?

[ad_1] If you are interested in learning more about the current AI bubble and the state of the artificial intelligent (AI) market and possible problems that could already be arising. I highly recommend checking out a video by Synapse this week embedded below, which covers some of the key trends, financial concerns and business struggles in the realm of AI. The rapid expansion of artificial intelligence (AI) has recently shown signs of instability and potential financial unsustainability within the industry. This has raised concerns about whether the AI sector is already experiencing a bubble similar to the dot-com bubble of the early 2000s. Key issues include financial mismanagement, overhyped valuations, and the challenge of converting technological innovation into viable business models. Let’s take a closer look at what’s been going on in the AI market over the past 18 months. Key Takeaways : Financial Instability and Mismanagement: Several AI startups, despite securing substantial investments, have struggled with financial stability due to high operational costs and inadequate revenue generation. For instance, Stability AI faced significant financial …

Bubble Skincare Drops Limited-Edition Collection With ‘Inside Out 2’

Bubble Skincare Drops Limited-Edition Collection With ‘Inside Out 2’

[ad_1] It’s not every day you see a crossover between a skincare brand and an animated film — but we’re honestly very here for it. Featuring Bubble’s beloved formulas and the characters (and emotions) behind Disney and Pixar’s Inside Out 2, the launch introduces two new product bundles along with movie-inspired versions of the brand’s tried-and-trues. Bubble Skincare, one of the world’s fastest-growing skincare companies, is famous for combining premium-quality ingredients with affordable pricing. In fact, every single product is $20 or below, and the line sets you up with all the steps for a simple and effective morning and evening routine: cleansers, serums, moisturizers, toners, masks and sunscreen. Bubble Skincare Inside Out 2: One of a Kind 3-Step Barrier Boost Routine Each of the two exclusive bundles in the Inside Out 2 collaboration features a three-step routine packaged in a coordinating toiletry pouch. The barrier-boosting “One of a Kind” set includes the Fresh Start Gel Cleanser, Water Slide Hydration Boosting Serum and mattifying Cloud Surf Water Cream Moisturizer, and the glow-inducing “Think Positive” set …

In Latest Sign of Dot Com Style Bubble, Startup “Hires” Goofy AI Version of Alan Turing

In Latest Sign of Dot Com Style Bubble, Startup “Hires” Goofy AI Version of Alan Turing

[ad_1] An education tech startup has “hired” an AI avatar of the late computer science pioneer Alan Turing as a made-up executive, in what seems like a sure sign that the AI bubble has jumped the proverbial shark. In a deeply self-congratulatory press release, the so-called Genius Group announced that it had appointed the Turing avatar as its “chief AI officer.” In the statement, the company kept referring to the chatbot as quote-unquote “Alan Turing.” Said to have been trained on the English mathematician’s “style, expertise and body of work,” the chatbot also, apparently, is an expert in all things Genius Group. “Genius Group have [sic] also pre-programmed their ‘Alan Turing’ AI Avatar with the strategies, product plans, AI technology and data of the company,” the long-winded press release reads. Genius Group welcomes new Chief AI Officer, Alan Turing – resurrected after 70 years. I believe $GNS is the 1st US public listed company to appoint an #AI to its C-Suite (Although @elonmusk at @Tesla may be part-AI already). Will all companies have AIs on …

China bubble tea chain Chabaidao plunges on Hong Kong debut

China bubble tea chain Chabaidao plunges on Hong Kong debut

[ad_1] HONG KONG: Shares in Chinese bubble-tea chain Baicha Baidao plunged nearly 40 per cent on its first trading day in Hong Kong on Tuesday, in a fresh blow to the finance hub’s efforts to revive its markets. The Chengdu-based company, which is also known as Chabaidao, raised about HK$2.59 billion (US$330 million) during its November initial public offering – with no others topping it since. But soon after opening it plunged from its HK$17.50 listing price to HK$10.80, marking a drop of 38 per cent, before paring some of the losses to end at HK$12.80. The plunge marked the worst debut since 2015 for a company that had raised at least US$300 million, according to Bloomberg. Another debutant, Tianjin Construction Development Group, tanked more than 30 per cent, having raised about US$20 million in its IPO. The losses dealt a blow to the government’s plan to help reboot Hong Kong’s trading market, which has seen a drop in fundraising through new listings for four years in a row. But Hong Kong’s security chief-turned-city leader …

AI Bubble Stumbles: First ASML, Now TSMC Downgrades 2024 Global Chip Outlook

AI Bubble Stumbles: First ASML, Now TSMC Downgrades 2024 Global Chip Outlook

[ad_1] According to a first-quarter update on Wednesday from Dutch chip giant ASML – the world’s sole producer of equipment needed to make the most advanced chips – chip makers aren’t rushing to prepare for the next leg in the AI boom. This was confirmed on Friday when Taiwan Semiconductor Manufacturing Co. – the world’s largest contract chip maker – offered investors a very cautious outlook for the industry despite upbeat first-quarter earnings results. TSMC reported better-than-expected first-quarter results led by increasing demand for advanced chips. TSMC’s quarterly net profit climbed 8.9%, breaking a three-quarter slide.  Aside from the earnings, TSMC’s downshift in this year’s industry outlook spooked the market, sending shares down as much as 7.2% in Taipei.  This was the largest intraday decline in about 18 months.  Excluding memory chips, TSMC’s industry outlook for the year is expected to be about 10%, compared to a growth forecast of “more than 10%” just three months ago. “Macroeconomic and geopolitical uncertainty persists, potentially weighing on consumer sentiment and end-market demand,” Chief Executive Officer C. C. Wei told investors on an earnings call.  Some Wall Street weren’t surprised by TSMC’s gloomy outlook.   Deutsche Bank analyst …

Expect financial fallout when the fossil fuel bubble finally bursts

Expect financial fallout when the fossil fuel bubble finally bursts

[ad_1] Climate change — and the lack of timely, consistent action to address it — is driving the world toward a new financial crisis. Indeed, senior regulators are increasingly warning that this will cause a collapse similar to the 2008 Great Recession. The head of the European Environment Agency recently warned that the European Union is at a “higher and higher” risk of systemic financial shock as the planet warms up. This follows similar alerts from U.S. Treasury Secretary Janet Yellen, President of the European Central Bank Christine Lagarde and Mark Carney, former governor of the Bank of England — as well as from financial experts at the London School of Economics’ Grantham Institute. The danger is of a major “Minsky Moment” — a sudden and catastrophic plunge in asset values following a period of growth and stability. It takes its name from the economist Hyman Minsky, who understood that market optimism with inadequate regulation could push key assets like fossil fuels into a bubble of unjustified valuations. When these are corrected, investors would be stranded with insufficient returns, as we saw in …

Experts Concerned by Signs of AI Bubble

Experts Concerned by Signs of AI Bubble

[ad_1] As investors pour billions of dollars into the AI frenzy, analysts are starting to become wary of an “AI bubble” that could leave investors out to dry. In a research note spotted by CNBC, tech stock analyst Richard Windsor used a colorful metaphor to describe what would happen if such a bubble were to burst. “Capital continues to pour into the AI sector with very little attention being paid to company fundamentals,” he wrote, “in a sure sign that when the music stops there will not be many chairs available.” It’s been a turbulent week for AI companies, highlighting what sometimes seems like unending investor appetite for new AI ventures. Case in point is Cohere, one of the many startups focusing on generative AI, which is reportedly in late-stage discussions that would value the venture at a whopping $5 billion. Then there’s Microsoft, which has already made a $13 billion bet on OpenAI, as well as hiring most of the staff from AI startup Inflection AI earlier this month. The highly unusual deal — or “non-acquisition” — raised …

12 Best Umbrellas (2023): Windproof, Cheap, Tiny, and Clear Bubble

12 Best Umbrellas (2023): Windproof, Cheap, Tiny, and Clear Bubble

[ad_1] There are a lot of umbrellas out there, and we’re always testing more. Here are a few others we like that didn’t quite make our list of top picks. ShedRain WalkSafe Reflective Stick Umbrella for $60: This is a simple manual umbrella that opens and closes smoothly, has a circular handle that can hook onto things, and has a 41.5-inch diameter that covers a person (or two) fairly well. The reason to buy it is the reflective fabric—it’ll brighten up quickly when a car’s headlights land on it, so you can feel safe knowing you’re visible to motorists. Blunt Metro for $89: The Metro is the more compact and slightly lighter-weight version of the Blunt Coupe up above. It automatically opens (manually closes) and provides nearly the same amount of coverage. The canopy spins in 360 degrees to supposedly prevent damage to the core mechanism. My only issue with it is that when you fold it all down and cinch the canopy with the Velcro strap, it covers most of the handle, so you …