Thursday☕️

Thursday☕️

Trending:

  • Joe Biden Meets Xi Jinping
  • Samsung’s Gauss AI

Markets:

  • Yesterday’s U.S. stock market:
TradingView
  • Yesterday’s commodity market:
TradingView @7:25 PM EST
  • Yesterday's crypto market:
TradingView @7:24 PM EST

Joe Biden Meets Xi Jinping:

  • On Wednesday, near San Francisco, U.S. President Joe Biden and Chinese President Xi Jinping had their first in-person meeting in a year. This meeting happened alongside the Asia-Pacific Economic Cooperation conference.
  • The U.S. and China, amidst ongoing tensions, are working on improving high-level talks. Biden emphasized the need to prevent competition from escalating into conflict and highlighted the importance of collaborating on global issues like climate change, drug control, and artificial intelligence.
  • They planned to discuss topics including controlling fentanyl entering the U.S., ensuring safe AI practices, and U.S. limits on China's access to advanced technology. Xi pointed out that ignoring each other isn't an option for two major nations like the U.S. and China, stressing that Earth can accommodate both countries' success. Recently, there have been positive signals in U.S.-China relations.
  • Before the meeting, both countries pledged to work together on environmental matters. Flight services between the two nations are increasing. Last month, China resumed large-scale purchases of U.S. agricultural products for the first time since 2017, as reported by the U.S. embassy in Beijing.

Samsung’s Gauss AI:

  • Samsung Electronics unveiled a new generative AI model called Samsung Gauss on Wednesday. This model, designed for use in Samsung's devices, places Samsung ahead of Apple in integrating generative AI into smartphones.
  • Samsung Gauss, named after mathematician Carl Friedrich Gauss, has several features. These include a language model for tasks like composing emails and translating text, a tool to assist software developers, and an image generation/editing capability.
  • Samsung plans to expand the use of Gauss in its products soon, enhancing user experiences. Meanwhile, Apple, Samsung's key competitor, has not yet released a generative AI product, though CEO Tim Cook acknowledged ongoing work in the field. Samsung's introduction of this technology marks a significant step in the evolution of AI in consumer electronics.

Statistic:

Top 50 largest automakers by market capitalization:

  1. 🇺🇸 Tesla: $771.96B
  2. 🇯🇵 Toyota: $255.34B
  3. 🇨🇳 BYD: $94.97B
  4. 🇩🇪 Porsche: $90.24B
  5. 🇩🇪 BMW: $68.51B
  6. 🇩🇪 Mercedes-Benz: $68.12B
  7. 🇩🇪 Volkswagen: $63.80B
  8. 🇮🇹 Ferrari: $63.53B
  9. 🇳🇱 Stellantis: $62.76B
  10. 🇯🇵 Honda: $49.72B
  11. 🇺🇸 Ford: $41.91B
  12. 🇨🇳 Li Auto: $40.61B
  13. 🇺🇸 General Motors: $38.53B
  14. 🇮🇳 Maruti Suzuki India: $38.01B
  15. 🇰🇷 Hyundai: $32.86B
  16. 🇮🇳 Tata Motors: $29.64B
  17. 🇨🇳 Great Wall Motors: $27.36B
  18. 🇰🇷 Kia: $24.69B
  19. 🇨🇳 SAIC Motor: $23.34B
  20. 🇮🇳 Mahindra & Mahindra: $23.11B
  21. 🇯🇵 Suzuki Motor: $20.30B
  22. 🇨🇳 Chongqing Changan: $20.22B
  23. 🇨🇳 Seres Group: $17.38B
  24. 🇺🇸 Rivian: $16.51B
  25. 🇨🇳 XPeng: $15.57B
  26. 🇯🇵 Nissan: $15.33B
  27. 🇻🇳 VinFast Auto: $14.38B
  28. 🇨🇳 NIO: $14.12B
  29. 🇯🇵 Subaru: $13.80B
  30. 🇨🇳 Geely: $12.49B
  31. 🇹🇼 Hotai Motor: $11.86B
  32. 🇸🇪 Volvo Car: $11.83B
  33. 🇨🇳 GAC (Guangzhou Automobile Group): $11.70B
  34. 🇫🇷 Renault: $11.20B
  35. 🇹🇷 Ford Otosan: $9.97B
  36. 🇯🇵 Isuzu: $9.92B
  37. 🇺🇸 Lucid Motors: $9.66B
  38. 🇯🇵 Mazda: $7.29B
  39. 🇨🇳 FAW Car: $5.90B
  40. 🇨🇳 Leapmotor: $5.37B
  41. 🇺🇸 Polaris: $5.32B
  42. 🇯🇵 Mitsubishi Motors: $4.88B
  43. 🇸🇪 Polestar: $4.70B
  44. 🇹🇷 Tofaş Türk Otomobil Fabrikası: $4.31B
  45. 🇨🇳 Dongfeng Motor: $3.84B
  46. 🇬🇧 Aston Martin: $2.29B
  47. 🇦🇪 NWTN Inc.: $2.20B
  48. 🇺🇸 Fisker: $1.17B
  49. 🇺🇸 Nikola: $1.08B
  50. 🇮🇳 Force Motors: $0.65B

Article Links:

Cybersecurity: An In-depth Overview
The digital revolution has brought unprecedented connectivity and convenience, but with it comes new challenges and vulnerabilities. As individuals and organizations become more reliant on technology and the internet, cyber security has grown in importance to protect digital assets and privacy. This…
Quantum Computing
Quantum computing is a new technology designed to process information faster and more efficiently than traditional computing. Unlike traditional computing, which uses simple binary units of data (bits) to perform calculations, quantum computing uses quantum bits (qubits), which can exist in multiple…

Thanks for reading!

TIME IS MONEY: Your Free Daily Scoop of Markets📈, Business💼, Tech📲🚀, and Global 🌎 News.

The news you need, the time you want.

TIME IS MONEY
TIME IS MONEY: A Free Daily Email Newsletter of Markets📈, Business💼, Tech📲🚀, and Global 🌎 News.

Support/Suggestions Emails:

timeismoney@timeismon.news