LONDON (Reuters) -China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial Times. China, the world’s second largest economy, is likely to dominate many of the key emerging technologies, particularly artificial intelligence, synthetic biology and genetics within a decade or so, according to Western intelligence assessments. Nicolas Chaillan, the… Source link

* Asian stock markets: https://tmsnrt.rs/2zpUAr4 * US stocks futures slip as earnings season looms * Oil leads energy complex higher, stokes inflation risk * Dollar reaches highest on yen since April 2019 By Wayne Cole SYDNEY, Oct 11 (Reuters) – Asian shares slipped on Monday as global inflation angst favoured commodities as a hedge over U.S. equities, while rising U.S. bond yields lifted the dollar to two-and-a-half year peaks against the Japanese yen Nasdaq futures and S&P 500 futures were both… Source link

(Bloomberg) — Oil surged past $80 a barrel as the global power crunch rattled a market in which OPEC+ has only been restoring output at a modest pace. Most Read from Bloomberg West Texas Intermediate futures climbed around 2% in Asian trading after topping the psychological price threshold on Friday for the first time since November 2014. The prices of fuels such as coal and natural gas are soaring in Europe and Asia as stockpiles run low ahead of the Northern Hemisphere winter, prompting a… Source link

(Bloomberg) — Four years after vying with Jack Ma for the title of Asia’s richest man, Evergrande chairman Hui Ka Yan’s fortune is plunging and his sprawling real estate empire is on the verge of collapse. Most Read from Bloomberg It’s a stunning reversal for a man who fought his way from poverty in rural China to build one of the world’s largest property companies. In previous times of trouble, Hui had been able to rely on the help of his tycoon friends and local government support…. Source link

The new Social Security raise will be revealed this week. Will it be enough? As companies struggle with COVID-related shortages of supplies and workers, inflation is soaring at rates not seen in years. Steeper prices for gasoline, food, cars and many other things are squeezing Americans, especially older people living on fixed, often modest incomes. But the inflation spike is likely to provide seniors with their biggest Social Security raise in almost four decades. The government this week is… Source link

The Department of Education (ED)’s office of Federal Student Aid (FSA), which oversees the government’s massive student loan portfolio, launched a new Office of Enforcement last week to overhaul oversight of postsecondary schools that participate in federal student loan programs. FSA Chief Operation Officer Richard Cordray, a former attorney general in Ohio who served as the director at the Consumer Financial Protection Bureau (CFPB) under President Obama and wrote “Watchdog: How Protecting… Source link

Third-quarter earnings season ramps up in earnest this week with a packed schedule of major financial companies poised to report results. Key economic data will include the U.S. consumer price index for September, in the latest print on the state of inflation in the U.S. economy.  Investors have been anxiously awaiting the start of the latest earnings season and bracing for a deceleration in corporate profit growth after a strong second quarter.  S&P 500 earnings are expected to grow by… Source link

Like a toddler in a car seat on a long drive, last week the cryptocurrency market persistently asked the gnawing and annoying question, “Why?” Specifically, why did someone make a massive purchase of $1.6 billion worth of bitcoin on Wednesday in a couple of minutes? You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. While many see this huge buy as a signal of… Source link

Summer is over, but the ongoing COVID-19 pandemic means outdoor dining is not going away anytime soon, even as the weather gradually cools. Restaurant owners want to preserve external spaces — adopted in response to the pandemic — as more of a permanent thing, especially with the Delta variant making many patrons nervous about indoor dining. In New York City in particular, the trend exploded when public health officials shuttered dining rooms as a way to curb the spread of the… Source link

Upscale New York City eatery Serendipity3 created the world’s most expensive french fry — and it has a Guinness World Record title to prove it.  Yahoo Finance had the chance to taste test the rich dish, which costs a whopping $200, and features decadent ingredients like truffle shavings, edible gold dust, and goose fat from France. “We get a lot of reactions. People think it’s outrageous, but a lot of people really want to try them,” Serendipity3 Chef and creative director Joe Calderone… Source link