India  

Global Economy Headed for Era of Economic Growth, Goldman Sachs Economist Predicts

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Global Economy Headed for Era of Economic Growth, Goldman Sachs Economist Predicts

Global Economy Headed for Era of Economic Growth, Goldman Sachs Economist Predicts

Global Economy Headed , for Era of Economic Growth, , Goldman Sachs Economist Predicts.

Business Insider reports that the global economy may be headed toward an era of new growth, driven by the advent of artificial intelligence and the push for decarbonization.

Business Insider reports that the global economy may be headed toward an era of new growth, driven by the advent of artificial intelligence and the push for decarbonization.

According to Goldman Sachs analyst Peter Oppenheimer, the global economy is headed for another "long boom" as interest rates and inflation peak.

Last year, tech companies ruled the market as the AI sector boomed, with firms like Nvidia and Meta seeing triple-digit gains in their stock values.

Last year, tech companies ruled the market as the AI sector boomed, with firms like Nvidia and Meta seeing triple-digit gains in their stock values.

Last year, tech companies ruled the market as the AI sector boomed, with firms like Nvidia and Meta seeing triple-digit gains in their stock values.

Oppenheimer suggests that Wall Street remains optimistic about where AI will take markets in 2024 as the technology reaches more sectors of the economy.

Compared to the tech giants of the early 70s and the Japanese tech bubble of the 80s, companies at the center of the AI boom are already much more profitable.

Compared to the tech giants of the early 70s and the Japanese tech bubble of the 80s, companies at the center of the AI boom are already much more profitable.

They're already much more profitable.

So I think this is a story that can run and have quite a big impact for some time to come, Peter Oppenheimer, Goldman Sachs analyst, via CNBC's 'Squawk Box Europe'.

Business Insider reports that the world's decarbonization efforts will be the other major driver of the coming cycle of economic growth.

According to Oppenheimer, developments in tech will be driven by the changing physical demands of our world amid worsening climate change.

According to Oppenheimer, developments in tech will be driven by the changing physical demands of our world amid worsening climate change.

Due to the world's warming climate, governments and economies are being pushed toward restructuring and modernizing.

.

Oppenheimer suggests that this push to adapt to climate change will usher in a new phase of global economic growth.


You Might Like


💡 newsR Knowledge: Other News Mentions

Artificial intelligence Artificial intelligence Intelligence of machines

AI photo fools star's mum - and Ed Sheeran's outfit draws film comparisons: 8 Met Gala talking points

As the biggest fashion event of the year, the Met Gala is made for talking points. 
Sky News
Drew Pearce Talks About The Dangers of A.I. and Deepfakes in 'The Fall Guy' | THR Video [Video]

Drew Pearce Talks About The Dangers of A.I. and Deepfakes in 'The Fall Guy' | THR Video

'The Fall Guy' screenwriter and executive producer Drew Pearce talks about Emily Blunt and Ryan Gosling's on screen chemistry and working with director David Leitch. Plus, he reveals why they touched on the dangers of A.I. and deepfakes in the film.

Credit: The Hollywood Reporter    Duration: 02:33Published
Made in Europe: The AI company aiming to solve the teacher shortage crisis [Video]

Made in Europe: The AI company aiming to solve the teacher shortage crisis

21st Century Digital Teaching (21C) has developed avatar teachers to create new generation mathematics content in a bid to assist schools and boost engagement with pupils.

Credit: euronews (in English)    Duration: 11:46Published
Musicians Sign Open Letter Warning About AI Threat to Artists [Video]

Musicians Sign Open Letter Warning About AI Threat to Artists

Musicians Sign Open Letter , Warning About AI Threat to Artists. The Artists Rights Alliance and approximately 200 musicians such as Billie Eilish, Katy Perry and Nicki Minaj released the open letter, according to 'The Hollywood Reporter.'. The Artists Rights Alliance and approximately 200 musicians such as Billie Eilish, Katy Perry and Nicki Minaj released the open letter, according to 'The Hollywood Reporter.'. The Artists Rights Alliance and approximately 200 musicians such as Billie Eilish, Katy Perry and Nicki Minaj released the open letter, according to 'The Hollywood Reporter.'. The letter calls on developers of digital music to "cease the use of artificial intelligence (AI) to infringe upon and devalue the rights of human artists.". The campaign draws attention to how AI developers use musical works without permission to create AI "copycats.". Working musicians are already struggling to make ends meet in the streaming world, and now they have the added burden of trying to compete with a deluge of AI-generated noise. , Jen Jacobsen, executive director of the ARA, via statement. The unethical use of generative AI to replace human artists will devalue the entire music ecosystem — for artists and fans alike, Jen Jacobsen, executive director of the ARA, via statement. Others artists who signed the open letter include Camila Cabello, Sam Smith, Jon Bon Jovi. Others artists who signed the open letter include Camila Cabello, Sam Smith, Jon Bon Jovi. Others artists who signed the open letter include Camila Cabello, Sam Smith, Jon Bon Jovi. Norah Jones, Chuck D. Norah Jones, Chuck D. Kate Hudson, Pearl Jam and R.E.M. Kate Hudson, Pearl Jam and R.E.M. Kate Hudson, Pearl Jam and R.E.M. Make no mistake: we believe that, when used responsibly, AI has enormous potential to advance human creativity and in a manner that enables the development and growth of new and exciting experiences for music fans everywhere. , Via open letter. Unfortunately, some platforms and developers are employing AI to sabotage creativity and undermine artists, songwriters, musicians and rightsholders, Via open letter. We must protect against the predatory use of AI to steal professional artists’ voices and likenesses, violate creators’ rights, and destroy the music ecosystem. , Via open letter

Credit: Wibbitz Top Stories    Duration: 01:31Published
AI in Modern Warfare: From Gaza to Ukraine | Bringing Peace Back to the Agenda | Oneindia News [Video]

AI in Modern Warfare: From Gaza to Ukraine | Bringing Peace Back to the Agenda | Oneindia News

As AI redefines the nature of conflict, from the streets of Gaza to the battlegrounds of Ukraine, it's imperative to address its impact on global peace. Join us as we delve into the role of artificial intelligence in modern warfare and explore the urgent need to prioritize peace on the international agenda. From autonomous drones to cyber warfare, discover how AI is shaping the future of war and what it means for the prospects of global governance and peacebuilding efforts. #Gaza #GazaWar #GazaStrip #Ukraine #RussiaUkraine #IsraelPalestine #IsraelHamasWar #AIinWar #ArtificialIntelligence #AITechnology #Oneindia ~HT.99~PR.274~ED.194~

Credit: Oneindia    Duration: 03:36Published

Oppenheimer (film) Oppenheimer (film) 2023 film by Christopher Nolan

Robert Downey Jr. Reveals Whether He Would Return to Marvel as 'Iron Man' | THR News Video [Video]

Robert Downey Jr. Reveals Whether He Would Return to Marvel as 'Iron Man' | THR News Video

Robert Downey Jr. could make a return to the MCU as 'Iron Man!' Even though he recently won his first Oscar for 'Oppenheimer,' he's not looking to run from his Marvel past. In an interview with Esquire, the actor says he'd "happily" return as Tony Stark / Iron Man.

Credit: The Hollywood Reporter    Duration: 01:26Published
Cillian Murphy to Star in 'Blood Runs Coal' Film Adaptation at Universal | THR News Video [Video]

Cillian Murphy to Star in 'Blood Runs Coal' Film Adaptation at Universal | THR News Video

Cillian Murphy is on a hot streak booking his next gig after winning the best actor Oscar for 'Oppenheimer.' The actor is attached to star in and produce 'Blood Runs Coal,' an adaptation of the non-fiction book that Universal has acquired.

Credit: The Hollywood Reporter    Duration: 01:20Published
Cillian Murphy Returning for 'Peaky Blinders' Movie, Series Creator Confirms | THR News Video [Video]

Cillian Murphy Returning for 'Peaky Blinders' Movie, Series Creator Confirms | THR News Video

Newly minted Oscar-winner Cillian Murphy will indeed be returning to 'Peaky Blinders.' Series creator Steven Knight confirmed that Murphy will be going back to the mean streets of Birmingham in the feature-length movie of the BBC hit franchise when it films later this year. The 'Oppenheimer' star led the hit BBC period crime series as violent gang leader Tommy Shelby. During a red carpet interview on Tuesday Knight confirmed, "He definitely is returning for it. We're shooting it in September just down the road," referring to an area of central Birmingham.

Credit: The Hollywood Reporter    Duration: 01:04Published

Nvidia Nvidia American multinational technology company

OpenAI and Microsoft Make Plans for $100 Billion Data Center [Video]

OpenAI and Microsoft Make Plans for $100 Billion Data Center

OpenAI and Microsoft Make Plans , for $100 Billion Data Center. According to The Information, the two companies are planning to build a data center that would house an AI supercomputer called "Stargate," Reuters reports. According to The Information, the two companies are planning to build a data center that would house an AI supercomputer called "Stargate," Reuters reports. The project, which could cost $100 billion or more, is reportedly set to launch in 2028. The tentative cost is roughly 100 times more expensive than some of the biggest data centers that exist today. . Demand for AI data centers has increased due to the rapid advancement of generative artificial intelligence technology, Reuters reports. . This is because traditional data centers aren't as capable of handling the advanced tasks that AI requires. . Several supercomputers would be built across five phases. "Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched in the fourth phase, tentatively around 2026. Microsoft and OpenAI are reportedly in the third phase currently. We are always planning for the next generation of infrastructure innovations needed to continue pushing the frontier of AI capability, Microsoft spokesperson, to Reuters . The cost for the next two phases largely revolves around acquiring expensive AI chips. In March, Nvidia CEO Jensen Huang said that the newest "Blackwell" B200 AI chip will cost between $30,000 and $40,000

Credit: Wibbitz Top Stories    Duration: 01:31Published
Mumbai Becomes Asia's Billionaire Capital on Global Rich List [Video]

Mumbai Becomes Asia's Billionaire Capital on Global Rich List

Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List. NBC reports that Mumbai has become the Asian capital with the highest number of billionaires, dethroning Beijing at the top of the exclusive list. . NBC reports that Mumbai has become the Asian capital with the highest number of billionaires, dethroning Beijing at the top of the exclusive list. . According to the Hurun Research Institute's global rich list, India's financial capital registered 92 billionaires in 2024. . Beijing comes in just below Mumbai with 91 billionaires, and Shanghai rounds out the top three with a total of 87 billionaires. Beijing comes in just below Mumbai with 91 billionaires, and Shanghai rounds out the top three with a total of 87 billionaires. The top of the list globally is New York with 119 billionaires, followed by London with a total of 97. . The top of the list globally is New York with 119 billionaires, followed by London with a total of 97. . According to the report, there are a total of 3,279 billionaires globally in 2024, an increase of 5% compared to 2023. . NBC reports that China as a whole still has the most billionaires overall with 814 in 2024, but the country lost 155 billionaires compared to 2023. . China had a bad year. Wealth creation in China has gone through deep changes these last few years, with the wealth of billionaires from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC. The United States comes in second with 800 billionaires, and India registered a distant third place with 271. The United States comes in second with 800 billionaires, and India registered a distant third place with 271. According to the report, artificial intelligence played a significant role in increasing the number of ultra wealthy people in the U.S. . Whilst [Nvidia CEO] Jensen Huang has grabbed many of the headlines as Nvidia broke through the $2 trillion mark, catapulting him into the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC. Whilst [Nvidia CEO] Jensen Huang has grabbed many of the headlines as Nvidia broke through the $2 trillion mark, catapulting him into the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC. ... the billionaires behind Microsoft, Google, Amazon, Oracle and Meta have seen significant surges in their wealth as investors bet on the value generated by AI, Hurun Research Institute's global rich list report, via NBC

Credit: Wibbitz Top Stories    Duration: 01:31Published

Meta Platforms Meta Platforms American multinational technology conglomerate

WhatsApp Is Rolling Out Passkeys for iOS [Video]

WhatsApp Is Rolling Out Passkeys for iOS

WhatsApp Is Rolling Out , Passkeys for iOS. The announcement was made on April 24. WhatsApp passkey support on iPhones comes months after Meta's encrypted messaging app made the feature available to Android users, The Verge reports. . Passkeys are meant to replace passwords because they are more secure and convenient. They also enable you to sign in when disconnected from a network. To enable passkeys for WhatsApp on iOS, open settings, then go to accounts, which is where you'll find the option. However, rollouts can take time, so keep checking if you don't see passkeys right away. WhatsApp spokesperson Zade Alsawah said more people should see the option "in the coming weeks.". Alsawah also said that a QR code from "Linked Devices" will still need to be scanned to log into the platform on other devices. “since Mac, Windows and web can’t be primary devices for an account.”

Credit: Wibbitz Top Stories    Duration: 01:31Published
Danish celebrities report Meta to police over fraudulent ads [Video]

Danish celebrities report Meta to police over fraudulent ads

Presenters Divya Das and Kim Bildsøe Lassen are taking action after their images appeared in fraudulent ads on Facebook.

Credit: euronews (in English)    Duration: 01:00Published
Jon Stewart Says Apple Asked Him Not to Interview FTC Chair Lina Khan on "The Problem" | THR News Video [Video]

Jon Stewart Says Apple Asked Him Not to Interview FTC Chair Lina Khan on "The Problem" | THR News Video

Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.

Credit: The Hollywood Reporter    Duration: 01:47Published

Related videos from verified sources

Retail Sales Top Predictions, Ending 2023 Strong [Video]

Retail Sales Top Predictions, Ending 2023 Strong

Retail Sales Top Predictions, , Ending 2023 Strong. Yahoo Finance reports that December's retail sales showed consumer spending in the United States continues to be resilient, quelling fears of..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Global Economy on Track for Worst 5 Years of Growth in 3 Decades [Video]

Global Economy on Track for Worst 5 Years of Growth in 3 Decades

Global Economy on Track for , Worst 5 Years of Growth , in 3 Decades. The World Bank recently warned that the global economy is headed toward its worst half decade of growth in over 30 years. CNBC..

Credit: Wibbitz Top Stories     Duration: 01:31Published