AFP
19848 articles published since 08 Mar 2022
19848 articles published since 08 Mar 2022
Bent over a magenta chiffon fabric, an elderly Hong Kong tailor wearing thick glasses meticulously stitched on embroidered butterflies, working to transform the shimmering material into an elegant, high-collared Chinese dress known as a cheongsam. Its high-neck collars, knee-length slits and streamlined fits evoked a sense of city glamour, and by the 1960s the dress was everywhere in Hong Kong.
Tech firms led an Asian market rally Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron. Tech shares have been the main driver of a surge in global markets this year -- pushing several to record highs -- as demand for all things AI heats up.
OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT, adding to a growing list of high-level departures. OpenAI chief Sam Altman replied to Murati's post with his thanks for what Murati has helped the company build, and promised details on a transition plan soon.
Meta launched AI chatbots voiced by Hollywood celebrities like John Cena and Judi Dench on Wednesday, betting that its billions of users are eager to embrace artificial intelligence. Like other chatbots, it can suggest recipes from food photos or edit images based on simple user requests.
Google said Wednesday that it had filed a complaint against Microsoft at the European Commission, accusing its rival of "anticompetitive" licensing practices to force customers to use its cloud service. The complaint was filed on Tuesday.
Volkswagen bosses and workers' representatives started crunch talks Wednesday about the ailing German auto titan's drastic cost-cutting plans, with thousands of staff staging a protest and unions vowing "bitter resistance". "Anyone who sows fear and gambles with the future of our colleagues will reap bitter resistance," vowed Groeger.
The OECD slightly raised its world economic growth forecast for 2024 on Wednesday but called for higher property and environmental taxes to combat soaring debt in many countries. "On the revenue side, efforts to eliminate distortive tax expenditures and enhance revenues from indirect, environmental and property taxes are called for in many countries," the organisation said.
British property website Rightmove said Wednesday it had rejected a third "unsolicited" proposal, worth £6.1 billion (US$8.2 billion), from REA Group, the Australian peer majority-owned by Rupert Murdoch's News Corp empire. The first takeover proposal was priced at £5.6 billion.
China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures, including the cuts, are considered the boldest in years as Beijing aims to revive economic activity.
AFP
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