Econo - Economy.Finance.Money

🗣 The EU has adopted the world's first law on artificial intelligence. Systems for "social scoring" will be completely banned, while high-risk AI systems (such as autonomous vehicles, medical equipment, etc.) will face stringent evaluations. Military and research AI systems will not be subject to this law. #FinancialTechnology @Economyfinancemoney

🗣 Alpen Gold, Milka, and Oreo manufacturer fined €337.5 million for violating antitrust laws. The company was selling products at higher prices in more expensive markets and limiting distributors in Belgium, Luxembourg, and Germany. #EconomicForecasts @Economyfinancemoney

🗣 12 corporations that own the majority of brands in the consumer mass market. #FinancialTechnology @Economyfinancemoney

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🔊🔊Feeling Stuck? How to Change Careers & Become a Public Speaker | Brian Tracy [LINK] 🔊🔊How to get things done as a perfectionist | MattDAvella [LINK] #FinancialTechnology @Economyfinancemoney

🗣Comparison of Nvidia's market capitalization with other chip developers. #EconomicForecasts @Economyfinancemoney

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🗣 Nvidia reported record revenue of $26 billion for the first quarter of the year. This is a 260% increase compared to a year ago. Over the past 5 years, revenue growth has been 1100%. On Wednesday, the company's stock surpassed $1000 for the first time. No remote work bans, no mass layoffs, active AI implementation, and a CEO with a perfect reputation. #EconomicForecasts @Economyfinancemoney

🗣 Companies that surged during the pandemic but are now not in the best shape: • Peloton (home fitness): lost 98% of its value • Zoom (video conferencing): down 89% • DocuSign (document signing): down 80% • Etsy (handmade marketplace): down 80% • COVID-19 Moderna: down 71%. #EconomicForecasts @Economyfinancemoney

Elon Musk: after introducing robots into Tesla's production, the company will be worth $25 trillion. This is roughly half of the entire U.S. stock market and 8 times more than the value of Apple and Nvidia combined. Main statements from Musk: - A $56 billion compensation package for Musk has been approved. 1.78 billion shares were in favor, 529 million against. - Tesla currently has 3 secret models. Robo-taxis and Roadster are open secrets, but the third car is a mystery, likely the affordable Model 2. - Tesla Network will launch in the U.S. Tesla owners can easily rent out their vehicles with a single app click when not in use and earn money. - Humanoid robots are Tesla's future. Soon, thousands will be in factories, and Optimus models will be for sale. Musk sees huge profits in this. The future market for humanoid robots is estimated by Musk at $25 trillion. - Cybertruck will remain a vehicle for the U.S. only. Musk has no plans to release it in Asia and Europe. - Musk is closely in touch with Trump - according to Elon, Donald has become a Cybertruck fan and has improved his attitude towards Tesla. - Elon did not confirm his plans for a political career but hinted that he is preparing Tesla for a future without him at the helm. 😊 #EconomicForecasts @Economyfinancemoney