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S&P 500 Yield Plummets
The S&P 500’s dividend yield has fallen to its lowest level in over 20 years, dropping from 1.7% a year ago to around 1.2% currently, primarily due to the strong performance of tech stocks and the index’s market-cap weighting. Read more
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Gold Rises on Rate-Cut Hopes
Gold prices remain elevated above $2,500 per ounce as weak U.S. jobs data fuels expectations of potential Federal Reserve rate cuts, with investors closely watching upcoming payroll figures for further economic signals. According to Reuters, the precious metal’s rally is supported by a weaker U.S. dollar and lower Treasury yields, as traders price in over… Read more
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Procreate App Takes Stand Against Generative AI, Shunning Adobe’s Approach
“I really fucking hate generative AI,” James Cuda, CEO of Procreate, declared in a video posted on X, marking a clear stance on what his app company thinks about Generative AI technology. His statement marks a stark departure from the AI-embracing stance of competitors in the space. Read more
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Ethereum Creator Vitalik Buterin Donates $500,000 from ‘Animal Coins’ to Charity
Vitalik Buterin has yet again put the trillions of crypto tokens that people routinely send to him to good use: this time, to help animals in need. Read more
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Feds Want the Easy Unsubscribe
According to reports from the Federal Trade Commission, multiple U.S. federal agencies are coordinating efforts to make it easier for consumers to unsubscribe from apps, memberships, and services, as part of an initiative called “Time is Money.” Read more
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Google Ramps Up Fight Against AI Deepfakes in Search Results
In its latest bid to curb unauthorized AI-generated deepfakes, Google is taking new steps to remove and demote websites in searches that have been reported to contain illicit images, the technology and search giant said on Wednesday. Read more
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Japan’s Stores Use AI to Track Smiles
Japanese supermarket chain AEON has introduced an artificial intelligence system called “Mr Smile” to assess and standardize employee smiles, sparking debate about workplace expectations and the ethics of using technology to regulate emotions in customer service settings. Read more
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The battle for NFT marketplace dominance is heating up again
The non-fungible token market continues to navigate choppy waters in 2024, with June volumes hitting $300 million — a far cry from January’s high of $867 million. This decline reflects broader market trends, with NFTs feeling the pinch as one of the more speculative assets in the crypto ecosystem. Read more
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OpenAI is Training Next Model
OpenAI, a leading artificial intelligence company, has announced that it has begun training its next flagship AI model, which is set to succeed the groundbreaking GPT-4 technology powering ChatGPT. This development comes alongside the formation of a new Safety and Security Committee tasked with evaluating and improving OpenAI’s processes and safeguards. GPT-4 Successor OpenAI has… Read more
