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Economy

“‘Social Order Could Collapse’ in AI Era, Two Top Japan Companies Say”

“TOKYO—Japan’s largest telecommunications company and the country’s biggest newspaper called for speedy legislation to restrain generative artificial intelligence, saying democracy and social order could collapse if AI is left unchecked. Nippon Telegraph and Telephone, or NTT, and Yomiuri Shimbun Group… Continue Reading…

Energy

“A green transition will require trillions of dollars. It’ll be a ‘tall order’ to find the cash…”

n”…According to the International Energy Agency, clean energy investment will need to hit over $4 trillion a year by 2030 in its Net Zero Emissions by 2050 Scenario. Reaching this kind of figure will require a huge effort from both… Continue Reading…

Business

“TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders”

“TSMC, the world’s largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone. The Taiwanese firm, which makes chips for other companies, said November revenue totaled… Continue Reading…

Business, Stocks

“Robinhood Stock Drops After SEC Chairman Warns on Payment for Order Flow”

“…Robinhood shares closed 6.9% lower after Barron’s published an interview with SEC Chairman Gary Gensler in which he said a full prohibition of payment for order flow was “on the table” as part of a broader agency review. Robinhood’s stock was briefly… Continue Reading…