Business

Inflationary Pressures Ease in Manufacturing Sector as Private Surveys Clash

U.S. manufacturing surveys released Monday showed welcome signs of easing inflationary pressures, with both major purchasing managers’ indexes reporting slower rates of price increases in October—a potentially encouraging signal for Federal Reserve policymakers as official government economic data remains unavailable
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China’s Five-Year Plan Puts Quantum and AI at the Center of Its Tech and Market Strategy – TipRanks

China’s Five-Year Plan Puts Quantum and AI at the Center of Its Tech and Market Strategy  TipRanksChina Outlines 5-Year Plan to Double Down on Global Tech Ambitions  The New York TimesHow China’s 15th five-year plan signals a new phase of strategic adaptation  The World Economic ForumChina signals sharper pivot to consumption as imbalances worsen  ReutersChina calls for faster, wider adoption of advanced tech to strengthen industry  South China Morning Post

Business

Watch: Sam Altman Loses His Cool When Asked About OpenAI’s Low Revenue and Astronomical AI Spending

OpenAI CEO Sam Altman became visibly irritated when questioned about the company's massive spending despite relatively small revenues during a recent podcast interview. The question, clearly a softball from a friendly interviewer designed to set him up for a strong answer, resulted in an angry Altman telling the host to sell his shares in the AI startup.
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