China consumer inflation rises less than expected in January as producer price deflation persists

China consumer inflation rises less than expected in January as producer price deflation persists

Chinese consumers are experiencing “luxury shame” similar to what happened in the U.S. during the 2008-09 financial crisis, according to a June Bain and Company report. Jade Gao | Afp | Getty Images China’s consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary…

Read More
A group of Oscar winners set out to make the definitive AI documentary

A group of Oscar winners set out to make the definitive AI documentary

The idea to make the “definitive” AI documentary was, admittedly, ambitious. But the timeline was downright absurd. The filmmaking teams behind “Everything Everywhere All At Once” and “Navalny” started talking about a collaboration on the Oscars circuit, thinking perhaps they could finish something in a year. In reality, it would take “The AI Doc: Or…

Read More
Trump administration to inject up to 0 million into chip laser startup xLight

Trump administration to inject up to $150 million into chip laser startup xLight

The Trump administration has agreed to take a stake in xLight – a startup seeking to develop free-electron lasers as key to making faster computing chips. Avalon_studio | E+ | Getty Images The Trump administration has agreed to take a stake in xLight – a startup seeking to develop free-electron lasers viewed as key to making faster computing chips. The U.S. Department…

Read More