Month: September 2024

U.S. GDP data may be revised significantly downward. Currently, GDI suggests that real GDP could be overstated by a massive amount of approximately $600 billion or 3%.

https://preview.redd.it/j6l6ou14nxmd1.jpg?width=864&format=pjpg&auto=webp&s=a91becfce7fc7b31b4bed3e8ac201dcf12c9873f The difference between real GDP and real Gross Domestic Income reached a record $616 billion. GDI measures earnings across the economy, while GDP tracks total economic output. Historically, GDI has been a leading indicator of final GDP revisions and changes in the unemployment rate, especially near the end of economic cycles. Downward revisions have become the new normal. submitted by /u/FXgram_ [link] [comments]

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AI race is slowly becomes a demanding tool. Look what happens: A 16 billion purchase of AirTrunk. And who did this?

Long story short: Blackstone. This transaction, announced on September 5, 2024, marks Blackstone’s largest investment in the Asia Pacific region and stands as the biggest leveraged buyout globally this year. AirTrunk, founded in Sydney in 2015, has rapidly grown to become the largest data centre group in Asia Pacific, boasting 11 sites across Australia, Japan, Malaysia, Hong Kong, and Singapore. The company’s value surged during the sales process, driven by the increasing adoption of artificial intelligence, which demands ever-greater data centre capacity. Blackstone’s president, Jon Gray, emphasized the strategic importance of this acquisition, stating, “AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.” AI race continues, thus we gonna see more and more investments, especially in data centers submitted by /u/Aftermebuddy [link] [comments]

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OPEC+ is in a difficult situation

They can postpone the production increase to Q4 to keep prices above $75, but this does not solve the problem of the projected oversupply in the first half of 2025. If the cartel wants to protect prices, it will have to cut production, not just postpone its growth, because the oil price desired by Saudi Arabia is too high. Expect price hikes in the near future? submitted by /u/dll_crypto [link] [comments]

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What is the current state of the NFT market?

The NFT market has experienced both rapid growth and significant decline over the past few years. Analysts from NFT Evening analyzed more than 5,000 collections and 5 million transactions and made the following conclusions: https://preview.redd.it/sy31f1w7vsmd1.png?width=680&format=png&auto=webp&s=5ed9edce3992735345039044ffaf38544947d553 96% of all collections are currently inactive (no trading and social media activity); 43% of NFT owners have incurred losses; The average loss is 44.5% of the invested funds; On average, the lifespan of NFT projects is 1.14 years, which is 2.5 times less than that of crypto projects. Most NFT projects ceased to exist in 2023; However, some collections are still active. For example, Azuki owners received a return of approximately 2.3 times the amount of their investments. It is important to note that the NFT market is currently facing difficulties, but it is still too early to predict its complete collapse. Tokenization has great potential, however, for this field to have a successful future, it needs to develop, establish clear standards and rules of the game. submitted by /u/Lor1al [link] [comments]

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Ilon Musk’s xAI has launched an AI training system.

Ilon Musk’s AI startup xAI has unveiled Colossus, an artificial intelligence training system. The new product is powered by 100,000 Nvidia GPUs. The Colossus cluster was deployed in 122 days. https://preview.redd.it/0o3ebusg5nmd1.png?width=743&format=png&auto=webp&s=7640e97e9bb8015dd5fcd342c57c9cb804f9ebf8 submitted by /u/Lor1al [link] [comments]

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