Monzo’s bump in revenues was driven by a spike in lending activity, with net interest income increasing 382% to £164.2 million.Story Published at: May 31, 2023 at 12:00PM
British digital bank Monzo hits monthly profitability for the first time after spike in lending
Hong Kong stocks enter bear market territory as China reopening optimism continues to fade
The Hang Seng index is 20% below its recent peak – a stark contrast to the reopening optimism that had once driven Asia-Pacific’s benchmark index to a bull market.Story Published at: May 31, 2023 at 06:32AM
A.I. poses human extinction risk on par with nuclear war, Sam Altman and other tech leaders warn
“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement on Tuesday read.Story Published at: May 31, 2023 at 04:12AM
U.S. accuses Chinese fighter jet of ‘unnecessarily aggressive maneuver’ in South China Sea
A Chinese J-16 fighter jet cut in front of the nose of a U.S. Air Force RC-135 aircraft on May 26, the U.S. Indo-Pacific Command said in a statement. Story Published at: May 31, 2023 at 03:36AM
North Korea says its first spy satellite launch ends in failure, crashes into sea
North Korea’s state media agency said that an “accident” occurred during the launch of a military reconnaissance satellite.Story Published at: May 31, 2023 at 03:28AM
Japan’s largest brewer sets its sights on China — again
Japan’s Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world’s largest beer market.Story Published at: May 31, 2023 at 01:09AM
CNBC Daily Open: The A.I. rally is too narrow
There are clear winners in the AI race. Everyone else, however, is a bystander reaping no benefits — and that could have implications for broader markets.Story Published at: May 31, 2023 at 01:07AM
ChatGPT cited ‘bogus’ cases for a New York federal court filing. The attorneys involved may face sanctions.
A pair of New York attorneys used ChatGPT to generate a legal motion they filed in New York federal court, which has now put them at the risk of sanctions.Story Published at: May 30, 2023 at 07:49PM
‘Everyone is a programmer’ with generative A.I., says Nvidia chief
“We have closed the digital divide. Everyone is a programmer,” says Nvidia CEO Jensen Huang who introduced a new AI supercomputer platform called DGX GH200.Story Published at: May 30, 2023 at 05:00AM
Arnold Schwarzenegger: ‘No one gives a s— about’ climate change — this is what it should be called instead
“As long as they keep talking about global climate change, they are not gonna go anywhere. ‘Cause no one gives a s— about that,” Arnold Schwarzenegger says.Story Published at: May 30, 2023 at 06:38PM