March 1, 2024

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S&P 500 and Nasdaq 100 Show Modest Gains, Tech Stocks Lead Surge

Key Points: The S&P 500 index rises by 0.45%, the Nasdaq 100 index increases by 0.82%, and the Dow 30 index gains 0.09%. NVIDIA Corporation and Advanced Micro Devices, Inc. witness gains, while Tesla Inc. and Apple Inc. face minor declines. MMTec, Inc. (MTC) surged by 145.38%, while GigCapital 5, Inc. (GIA) experienced a significant drop of 62.65%. Euro strengthens against the USD, while crude oil futures surge and gold futures remain steady. In the latest market update, major stock indices witnessed varied movements, reflecting a mix of gains and losses. The U.S. stock market, the S&P 500, Nasdaq 100,...

Latest March 1, 2024

IM Motors Raises $1.1 Billion in Series B Funding for Smart Car Development

Key Points: IM Motors, a premium electric vehicle brand under SAIC, secures over $1.1 billion in Series B funding for smart car development. The funding will advance new smart car models and technologies and support overseas expansion, including entry into European markets. State-backed investors contributed to the funding round, including the Bank of China and Shanghai government-backed Lingang Group. IM Motors aims to leverage the...

Algorithmic Bias: Facts and Views

In the age of artificial intelligence and machine learning, algorithmic bias has emerged as a critical concern, highlighting the potential pitfalls of relying on automated decision-making systems. This article delves into the complexities of algorithmic bias, examining its origins, impacts, and the imperative for ethical considerations in developing and deploying algorithms. Algorithmic Bias Facts Understanding the foundational facts surrounding algorithmic bias is essential for recognizing...

Elon Musk Files Lawsuit Against OpenAI Alleging Abandonment of Founding Mission

Key Points: Elon Musk has filed a lawsuit against OpenAI, alleging a departure from the original mission to develop AI for the benefit of humanity. Musk's team contends that OpenAI's current operations violate the agreement made in 2015, seeking to compel it to return to its founding mission. OpenAI, founded as a non-profit, is accused of refining AGI to maximize profits for Microsoft, contrary to...

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