Companies have poured hundreds of billions of dollars into snazzy new data centers and absurdly well compensated research teams in hopes of building powerful, wildly profitable AI models. That's despite the fact that even the most innovative AI companies still have modest revenues.
The new index will be released semi-annually, and will be derived from polling of nearly 60 independent artists, managers, and music lawyers. "The Index's goal is to increase transparency in a historically opaque market and share insights and perspectives, which we hope will empower music creators to make the best financial and catalog management decisions for themselves," Duetti CEO Lior Tibon says.
GDP grew by 0.3% in the second quarter, influenced by an upward revision for April and a 0.4% increase in June. However, growth remains weak, not repairing public finances or boosting hiring.
HSBC's Pulse Check survey showed that nearly 68% of local customers expect no change or improvement in their wealth position by year-end, despite global uncertainties.
Shares of Opendoor Technologies Inc. surged more than 188% over a week, reflecting investor interest despite recent struggles due to rising interest rates and a slowing housing market.
Foreign investor activity eased as global uncertainty around the pandemic, and inventory shortages made the U.S. market less attractive. However, the U.S. dollar has softened, inventory has picked up, and buyers have pulled back, creating opportunities for foreign investors, especially those paying in all-cash.
All English regions and the three devolved nations have seen manufacturing output rise back above 2019 levels for the first time. The South West was the strongest performing region with output more than a quarter (27%) above 2019 levels, driven by a surge in spending in the aerospace and defence sectors.
