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The Nasdaq took a significant plunge on Wednesday driven by falling tech stocks as fears mounted over potential new restrictions on semiconductor exports to China. The sell-off was triggered by a Bloomberg report suggesting Joe Biden administration is considering implementing sweeping regulations to further limit sales of critical chipmaking equipment to China. The Philadelphia Semiconductor Index experienced its most substantial one-day decline since the COVID-19 pandemic, plummeting 6.8%. One day’s trading saw $500 billion in market value from chip-related stocks wiped out. Yet, despite the setback, the index remains up 30% for the y...... Read Full article on HadNews

Former President Donald Trump's re-election campaign is gaining significant financial support from some of the wealthiest individuals in the country. In a recent report by Forbes, it was revealed that Trump's 10 biggest billionaire donors are pouring millions of dollars into his campaign, despite receiving nothing in return. These billionaire donors, including individuals such as McMahon, Mellon, and Uiehlein, are committed to putting Trump back in the White House, regardless of the cost. Their generous contributions are fueling Trump's campaign and helping to solidify his position as a formidable candidate in the upcoming election. While s...... Read Full article on HadNews

In light of the potential ban on TikTok in the U.S., the popular social media platform's e-commerce feature, TikTok Shop, continues to thrive. The recent signing of a law by the president has raised concerns about the future of TikTok, but the shopping feature remains accessible and in full swing. Despite the uncertainty surrounding TikTok's future, Chinese e-commerce giants like Temu and Shein stand to benefit the most if the app is banned in the U.S. With TikTok Shop's increasing popularity, these companies could potentially fill the gap left by TikTok's absence and capture a larger share of the market. Bytedance, the parent company of Ti...... Read Full article on HadNews

In a world where success and wealth often go hand in hand, it's inspiring to see a new generation of self-made women rising to the top. Forbes recently released a list of the 5 richest self-made women under 40, highlighting entrepreneurs, executives, and entertainers who are breaking barriers in both business and entertainment. Among those featured on the list are household names like Taylor Swift and Kylie Jenner, who have not only achieved immense success in their respective industries but have also managed to build their fortunes from the ground up. These women are not just riding on the coattails of their famous last names, but are carvi...... Read Full article on HadNews

As artificial intelligence (AI) steadily increases its hold on the global economy, one of many areas ripe for disruption is consumer pricing. In situations where different consumers are offered the same product or service at different prices, it is now possible to take the discretion away from staff and use a computer to calculate the best price using a combination of historic pricing data, machine learning capabilities and algorithms. Airlines such as Virgin Atlantic are using machine learning to offer more competitive airfares, for instance. (You might think airfares are standardised, but actually they are affected by numerous varia...... Read Full article on HadNews

Staying competitive in the finance sector is vital, with many companies moving quickly to adopt artificial intelligence (AI) to reduce costs and streamline operations. But two companies recently came unstuck when the United States Securities and Exchange Commission (SEC) accused them of exaggerating their use of AI, marking the world’s first significant move in combating so-called “AI washing”. Delphia (USA) Inc and Global Predictions Inc, boasted about using AI for designing investment strategies, but the SEC found their claims to be unsubstantiated. There’s much speculation around AI, especially with generative technology app Ch...... Read Full article on HadNews

The Unsung Heroes Fighting Malnutrition | Shruthi Baskaran-Makanju | TED In the TED talk "The Unsung Heroes Fighting Malnutrition," Shruthi Baskaran-Makanju sheds light on the often overlooked crisis of stunting in sub-Saharan Africa. She challenges common perceptions of malnutrition by emphasizing the importance of animal-sourced foods, such as meat and milk, in combating stunted growth and underdeveloped young brains. By sharing stories of pastoralists like Lady Kilena in Kenya and Tes Gabru in Ethiopia, Shruthi showcases the vital role these communities play in sustainable milk and meat production. She calls for a shift in government pol...... Read Full article on HadNews

China’s annual parliamentary meetings in Beijing came to a close on March 11. They were conducted under great pressure: a weak economy and high expectations from both the domestic public and international observers as to what the government can do to get the economy out of the woods. The country’s leaders did not shy away from mentioning all of the economic problems facing China. But they also attempted to boost the morale of the Chinese public by outlining how the country would march into the next chapter of the Chinese story – mainly by striving to become a global leader in technology. The government used the meetings to declare that it w...... Read Full article on HadNews

The CEO of OpenAI, Sam Altman, is seeking a $7 trillion investment to overhaul the world’s semiconductor industry, reports The Wall Street Journal. Semiconductor chips are a hugely limiting factor in the world of artificial intelligence (AI) development due to the extremely high computing power needed to train AI models. With this investment, Altman is looking to negate a factor that significantly limits OpenAI’s growth potential. Despite huge investment and strategic focus from the US government, the semiconductor chip industry is complex. Due to its strategic value and the importance of chips to AI development, it is a highly regulat...... Read Full article on HadNews