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China’s Economy is in Bad Shape

In this episode we take a look at the many problems facing China’s economy. How did the country end up in this position and what does it mean for the rest of the world?

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ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.

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Mark Zuckerberg’s Metaverse Is Solving No Problems

Mark Zuckerberg laid out Tuesday how Meta is diving deeper and deeper into the black mines of the metaverse, attempting to extract digital gold.

Zuckerberg revealed a $1,500 headset Oculus Pro, as much as a PS5, Xbox Series X and Quest 2 combined, and some updates to the looks of avatars and the integration of Microsoft business products.

When your most significant announcement is the fact that after years and years of investment, you’re on the verge of debuting virtual characters with legs, something has gone wrong.

Elon Musk’s new perfume sales now exceed $2 million

How many bottles does he have to sell to buy out Twitter? You do the math.

The world’s richest person Elon Musk launched a new perfume, and about 24 hours later, he had orders worth two million dollars. With no prior exposure in the business, the perfume has sold on Musk’s reputation alone, and rightly so; the Tesla CEO now changed his Twitter description to Perfume Salesman.

Last Sunday, Musk unveiled the Burnt Hair perfume to his Twitter followers and how it would be a product from his tunneling venture, The Boring Company.


JDLasica/Wikimedia Commons.

Musk’s quirky products.

Genflow Bio scoops €250k to accelerate antiaging gene therapy platform

Genflow has announced that its adeno-associated virus (AAV) research and development programme in Estonia has received a non-dilutive grant award of €250,000 from the Applied Research Programme of Enterprise Estonia, an Estonian governmental institution designed to stimulate business growth in the country.

Longevity. Technology: Genflow’s research programme is focused on the development of an antiaging gene therapy platform designed to target nearly 100 million patients worldwide who suffer from Werner’s syndrome, non-alcoholic fatty liver disease (NAFLD) and non-alcoholic steatohepatitis, an advanced form of NAFLD, as well as other major clinical disorders.

This R&D is a collaborative project between Genflow and IVEX lab OÜ, an Estonian company specialising in the research and development of biotech therapeutics.

The 5 Biggest Artificial Intelligence (AI) Trends In 2023

Over the last decade, Artificial intelligence (AI) has become embedded in every aspect of our society and lives. From chatbots and virtual assistants like Siri and Alexa to automated industrial machinery and self-driving cars, it’s hard to ignore its impact.

Today, the technology most commonly used to achieve AI is machine learning — advanced software algorithms designed to carry out one specific task, such as answering questions, translating languages or navigating a journey — and become increasingly good at it as they are exposed to more and more data.

Worldwide, spending by governments and business on AI technology will top $500 billion in 2023, according to IDC research.


The Field of artificial intelligence (AI) is emerging and evolving faster than ever. Here, we look at some of the major trends in the field of artificial intelligence and machine learning in 2023.

Chipmaker Rout Engulfs TSMC, Samsung With $240 Billion Wiped Out

Asia’s top chip stocks tumbled Tuesday, ensnared in an escalating US-China tech race that has erased more than $240 billion from the sector’s global market value.

Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, plunged a record 8.3% while Samsung Electronics Co. and Tokyo Electron Ltd. also declined. The selloff spread to the foreign-exchange market as investors tallied up the damage from the sweeping curbs the US is imposing on companies that conduct technology business with China.

Musk u-turns again to buy Twitter at his original offer. But why?

It looks like Musk’s buy-out will lead to the creation of his own app named X.

According to a report from Bloomberg News, Elon Musk has informed Twitter that he is once more prepared to purchase the business at his original offer of $54.20 a share. This news is also supported by an official U.S. Securities and Exchange Commission (SEC) filing from the 3rd of October 2022.

“Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share… Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing confidential information,” states the Bloomberg report.


JD Lasica/Wikimedia Commons.

“Lawyers communicated the proposal to Twitter’s lawyers overnight Monday and filed a letter confidentially with the Delaware Chancery Court ahead of an emergency hearing on the matter scheduled for Tuesday,” added the Wall Street Journal on the news of Musk’s apparent change of heart.

Modi to snatch factories from China with a digital portal for end-to-end production in India

Factory.

His 100-trillion-rupee (USD$1.2 trillion) mega project called PM Gati Shakti – which is Hindi for the strength of speed – is a digital platform working with 16 ministries being developed by his administration. This portal will offer an end-to-end solution to businesses and investors, for the design of projects, seamless approval processes, and easier cost estimations.

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