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Asian stocks weaken as traders brace for inflation data – Portal

February 18, 2025 by istri

Pedestrians walk past an electronic board displaying the Nikkei stock average in front of a brokerage firm in Tokyo, Japan, October 31, 2023. Portal/Kim Kyung-Hoon ACQUIRES LICENSE RIGHTS SINGAPORE, Nov 28 (Portal) – Asian shares rose on Tuesday while the dollar hovered near its three-month low, as investors remained confident the Federal Reserve had completed … [Read more…]

Posted in: Business Tagged: Asian, brace, Data, inflation, Portal, Stocks, traders, weaken

OpenAI investor says AI will hugely weaken economy

December 26, 2023 by istri

Down Angle Symbol A symbol in the form of an angle pointing downwards. Vinod Khosla, 68, was an early supporter of OpenAI. In 2019, his VC firm invested $50 million in OpenAI. Patrick T. Fallon/AFP via Getty Images According to Vinod Khosla, AI is expected to have a “hugely deflationary” effect on the economy over … [Read more…]

Posted in: Business Tagged: economy, hugely, Investor, OpenAI, weaken

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