Economy & Policy
Stay updated on the economy and policy changes. Explore insights and news on economic trends, government policies, and global markets.
SpaceX Lands $1.8 Billion Contract to Build Spy Satellite Network for U.S. Intelligence
SpaceX's dominance in the satellite internet market has given the company and its founder, Elon Musk, significant influence in matters of war and geopolitics, as evidenced by a new classified contract with the U.S. National Reconnaissance Office (NRO)
China accelerates AI development with over 40 new models approved for public use: Report
This batch of approvals is reportedly the fourth of its kind since Beijing introduced a new regulatory framework for AI models last August.
Navigating AI Risks: Australia Establishes Expert Advisory Board
This move, announced by the government on Wednesday, marks the country's commitment to enhancing oversight and diligence in the burgeoning field of AI technology
China Chip Buying Plummets 15% – Deepest Slide Since Records Began
The worldwide semiconductor industry faces its steepest challenge yet, with China experiencing a record 15.4% decline in chip imports in 2022
US weekly jobless claims dip more-than-expected to 202,000, lowest in two months
Jobless claims in the United States fell by 18,000, reaching a seasonally adjusted 202,000 for the week ending December 30. This is lowest since mid-October.
Nvidia steps up with $15 million donation for civilians affected by Israel-Hamas war
Leading American chipmaker Nvidia has made a significant humanitarian contribution by donating $15 million to support civilians impacted by the conflict between Israel and...
New York City Implements Swift Ban on TikTok Citing Security Concerns
In a move underscoring the growing apprehension surrounding data security, New York City has become the latest government entity to ban the use of...
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