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News presenter generated with AI appears in Kuwait
A Kuwaiti media outlet has unveiled a virtual news presenter generated using artificial intelligence, with plans for it to read online bulletins. "I'm Fedha, the first presenter in Kuwait who works with artificial intelligence at Kuwait News.
World Bank, IMF spring meetings to get underway in complex economic environment
The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.
Asian markets edge up as traders weigh US jobs data
Asian equities rose Monday in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have to hike interest rates again but soothed recent worries about a possible recession. With much of the region still closed for the Easter break, trading was light again on Monday.
Chinese shopping app Temu wows US amid TikTok fears
Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products.
Trump indictment: Conspiracy theorists target familiar bogeyman
Billionaire philanthropist George Soros has long been a bogeyman for the far right, but Donald Trump's indictment has unleashed a fresh torrent of hate that has also entangled US fact-checkers debunking conspiracies about him.
After backlash, Twitter now calls NPR -- and BBC -- 'government-funded'
Twitter has backtracked after an uproar for labeling the US radio network NPR as "state- affiliated media" and now calls it "government-funded." The change in how Twitter refers to Washington-based National Public Radio happened quietly overnight Saturday and comes after the network complained that the term "state-affiliated" was disparaging and inaccurate.
The camera never lied... until AI told it to
An amateur photographer who goes by the name "ibreakphotos" decided to do an experiment on his Samsung phone last month to find out how a feature called "space zoom" actually works. The feature, first released in 2020, claims a 100x zoom rate, and Samsung used sparkling clear images of the Moon in its marketing.
Small US banks use enlarged deposit guarantee to compete with giants
In the wake of the latest US banking meltdown, small lenders might appear vulnerable to an exodus of depositors fleeing for larger banks. Federal data shows that some depositors at small banks did head for the exits, moving some $120 billion in a single week into larger banks sometimes viewed as too big to fail.
Bank takeover prevented Swiss economy collapse: minister
Swiss Finance Minister Karin Keller-Sutter said Switzerland's economy would probably have collapsed had Credit Suisse gone bankrupt, in an interview published Sunday. "Without determined intervention by the authorities, the alternative would have been a bankruptcy of Credit Suisse on Monday morning, accompanied by a probable collapse of the Swiss economy."
AFP
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