Demand

An 'open house' flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California.Allison Dinner | Getty ImagesStress in the banking system turned out to be a boon for the U.S. mortgage market. As investors hid in the relative safety of the bond market, yields moved even lower last week. Mortgage rates followed.Mortgage demand, consequently, rose 2.9% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The string of gains, however, could…

A wide-ranging coalition of more than 500 technologists, engineers, and AI ethicists have signed an open letter calling on AI labs to immediately pause all training on any AI systems more powerful than Open AI’s recently released GPT-4 for at least six months. The signatories, which include Apple co-founder Steve Wozniak and “based AI” developer Elon Musk, warn these advanced new AI models could pose “profound risks to society and humanity,” if allowed to advance without sufficient safeguards. If companies refuse to pause…

An open letter signed by tech leaders and prominent AI researchers has called for AI labs and companies to "immediately pause" their work. Signatories like Steve Wozniak and Elon Musk agree risks warrant a minimum six month break from producing technology beyond GPT-4 to enjoy existing AI systems, allow people to adjust and ensure they are benefiting everyone. The letter adds that care and forethought are necessary to ensure the safety of AI systems — but are being ignored. The reference to GPT-4, a model by OpenAI that…

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly | ReutersStruggling EV maker Lucid said in a regulatory filing on Tuesday that it plans to cut about 18% of its workforce, or roughly 1,300 employees, as part of a larger restructuring to reduce costs as it works to ramp up production of its Air luxury…

Proportion of Limited Partners in the Same State as the Funds they Back. This figure shows the proportion of a fund’s limited partners (LPs) that are located in the same state as the fund by vintage year for minority and non-minority owned groups. The sample comprises U.S.-based and -focused private capital groups that raised a fund between 2000 and Q2 2021 according to PitchBook. Minority is an indicator that equals one if at least 50% of the senior…

The market for ADAS calibration equipment will also grow in the next few years due to rising rates of traffic accidents and the adoption of stricter rules for the enhancement of passenger safety.The global market for Advanced driver assistance systems (ADAS) calibration equipment is anticipated to produce a value of USD 911.2 million in 2033, with sales increasing at a fantastic compound yearly growth rate (CAGR) of 12.6% from 2023 to 2033, according to a recently…

TikTok is under scrutiny in the US. Last week, the Biden administration reportedly demanded that TikTok’s Chinese owner, ByteDance, sell the app or face a possible ban in the country. China has now responded to those reports saying that it would strongly oppose any forced sale of TikTok.“If the news is true, China will firmly oppose it,” Shu Jueting, a spokesperson of China’s Commerce Ministry, was quoted as saying. She added that a sale or divestiture of TikTok would involve exporting technology and had to be approved by…

CAIRO—After years of underinvestment in North Africa’s energy infrastructure, global oil-and-gas giants from Halliburton Co. and Chevron Corp. to Eni SpA are ramping up their presence in the region as demand from Europe grows.Executives in the industry are betting it is worth drilling again in some of the hardest places to do business in the world as Europe increasingly turns to other sources for its energy needs after shunning its…

Last updated: March 23rd, 2023 at 13:15 UTC+01:00 The demand for premium phones is increasing significantly, with Apple leading the way and Samsung coming in at a close second. Counterpoint Research recently released statistics regarding the 2022 premium smartphone market. Interestingly, despite global smartphone sales dipping 12% year-over-year, the premium segment witnessed an increase of 1% in the same period. That brought the share of high-end devices worldwide up to 55%, the highest ever. These results are…

The proportionate change in the quantity demanded of a commodity due to a proportionate change in the price of the commodity is called Price Elasticity of Demand. However, Total Expenditure is Price times Quantity. There is a huge relationship between the price elasticity of demand for a commodity and the total expenditure made on it. Also, sometimes it is essential to evaluate the effect of change in price of a commodity on the total expenditure made on it. We already know that the price of a commodity and its demand are…