ARM CEO: Humans Could Lose Control

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🧠 🧠 “The thing I worry about most is humans losing capability” over the machines, said Rene Haas, Chief Executive Officer of Arm Holdings Plc, when asked what keeps him up at night when he thinks about artificial intelligence. “You need some override, some backdoor, some way that the system can be shut down”
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Apple Shuts Down Android App

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🚨 🚨 Apple Inc. on Saturday said it shut down third-party applications that enabled Android devices to use the iMessage service to communicate with iPhone users
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Chinese Exports To US Drop

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🇨🇳 🇨🇳 Chinese exports to the US are now down a massive ~20% from their peak. Meanwhile, Chinese exports to the rest of the world are down just 5%. For the first time since 2003, the US is importing more from Mexico AND Canada than China. Meanwhile, China’s imports from Russia are up ~110% since 2020
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Nvidia: Look Beyond The Hype

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🚨🚨Nvidia is projected to generate about $28 billion in profit this year, up from about $4.4 billion last year. Most of the gains stem from sales of so-called accelerator chips used to train the large-language models that underpin applications like ChatGPT
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China Property Stocks Now Down 65%

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🇨🇳 🇨🇳 Chinese property stocks are now down ~65% from their highs and back to 2008 levels. Over the last year, sales of Chinese property stocks are down almost 25%
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Saudis May Take Heathrow Stake

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🇬🇧 🇬🇧 Saudi Arabia may ultimately gain majority control of London Heathrow Airport, Europe’s busiest, as several shareholders consider the sale of their interests
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The 2024 Challenge

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China Property: No Laughing Matter

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🇨🇳 🇨🇳 China’s Real Estate Market suffered an 81% drawdown from 2021-2022 and another 64% drawdown in 2023
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China Falls Deeper Into Deflation

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🇨🇳 🇨🇳 China falls deeper into #deflation: China’s consumer prices dropped 0.5%, the most in 3yrs, a sign the country’s economic recovery remains weak
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