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The Race For AI Advancements Continue


Clock Is Ticking For Apple’s Vision Pro Headset

App support for the Vision Pro will be critical to its success. Although iPad apps will be able to run inside the headset, Apple hopes developers will go beyond porting the simple 2D windows to the platform and create full 3D apps that weren’t possible before on other portable devices.

Defects On 787 Dreamliners Will Slow Deliveries

Boeing has warned about a new string of defects on its 787 Dreamliner planes and that it will delay the deliveries of the wide-body aircraft. These defects are part of the manufacturer’s latest production issue.

EU’s Largest Economy May Experience Limited Growth For Years To Come

Germany, Europe’s largest economy is experiencing a shortage of staff as workers are becoming scarce and financial penalties plague production. Such bottlenecks are becoming increasingly common and increasingly damaging which may limit growth to a mere 1% for the next decade. 

Today’s News

The recent big tech rally has caught the world’s attention as investors have ramped up on funds, joining the race like never before. Artificial intelligence stocks and semiconductor-related industries have since experienced an alarming increase of recognition and funding with no signs of slowing down in the near future.

As a result on the rampant rise of interest towards AI and semiconductors, multiple news channels have reported various activities in the industry.

Priceline Teams Up With Google For AI Chatbot Race

Online traveling platforms are jumping aboard as artificial intelligence tools has permitted these providers to stretch beyond the boundaries of consumer chatbots and internet searches into a widening array of businesses.

Source: Bloomberg

Booking, Expedia and Airbnb are among the list of established travel companies that are constantly on the lookout for ways to ease the overall booking process for consumers.

OpenAI CEO Rejects IPO Plans

Sam Altman, the CEO of OpenAI, the company behind ChatGPT, has shared his views on going public at a a conference in Abu Dhabi.

Source: REUTERS

Altman expressed that pursuing super intelligence will likely result in making questionable decisions that may cause concerns between investors. Hence, revealing that at its current state, ChatGPT will not be venturing into the public market.

EU Clings Onto Digital Goals As Other Regions Pull Ahead

Europe needs to invest massively in its telecoms network to achieve its digital goals, explains EU industry chief Thierry Breton as he defended a push to get Big Tech to help fund the rollout of broadband and 5G throughout the nation.

Source: REUTERS

In other news, EU telecoms regulators’ body opposed Breton’s comments with claims that it did not identify problems with the competition or market failure to warrant any legislation on the matter.

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Industry Dynamics

Japanese Developers Seek U.S. Mergers And Acquisition 

Today’s News  Three major Japanese developers are actively pursuing opportunities to acquire housebuilders in the United States, seeking growth outside their shrinking domestic market.   Daiwa House, Sekisui House, and Sumitomo Forestry are aggressively exploring potential targets, with intentions of possible acquisitions in the U.S. market. Four M&A bankers and lawyers familiar with the matter […]

2023-12-4 | Industry Dynamics

Weekly Economic Calendar For December 4th, 2023 – December 9th, 2023

Weekly Economic Calendar For December 4th, 2023 – December 9th, 2023.

2023-12-1 | Industry Dynamics

Dow Hits 2023's Highest Close Amidst Bond Rally

Today’s News In an impressive display, U.S. stocks accomplished their most remarkable monthly performance in over a year, catapulting the Dow Jones Industrial Average to a peak for the year on Thursday. This surge, alongside a substantial bond rally, marked a significant turnaround after enduring three consecutive months of decline.  The latest data from the […]

2023-12-1 | Industry Dynamics