BUSINESS

Week in Business: Trump on TV

Published

9 hours ago

May 14, 2023

Elizabeth Johnson

How are you? (May 7-13)

CNN Trumpcast

Until last week, former President Donald Trump had not appeared on CNN since 2016. But Wednesday night at a town hall hosted by the network, Mr. Trump, the Republican leader in the 2024 presidential campaign, resumed the lies and name-calling that marked his presidency. When questioned by host Caitlan Collins, he repeated misinformation about the 2020 election, called writer E. Jean Carroll, who won her sexual harassment and defamation lawsuit, a “fool” and ridiculed Ms. Collins as a “nasty person.” Ms. Collins tried to correct Mr. Trump’s lies, he often talked about her. All evening the sympathetic public cheered him on. Critics of the CNN forum said it was reckless to give Mr. Trump such a large platform for his message, especially because his claims proved difficult to verify in real time.CNN Chairman Chris Licht defended the broadcast on Thursday, saying it stressed that coverage of Trump “will continue to be messy and complicated.”

Inflation slows down

A closely watched report on Wednesday showed that inflation in the United States had hit a remarkable milestone, with April marking the 10th straight month in which price growth slowed. The consumer price index rose 4.9 percent year-over-year, beating analysts’ expectations – in a good way. Economists in a Bloomberg survey predicted a 5 percent rise. Core inflation, which rules out food and fuel price volatility, also eased slightly. The report follows the 10th consecutive increase in the base rate by the Federal Reserve. The latest inflation data, along with other signs of a slowdown in the economy, could make May’s last rise for now.

Elon Musk’s statement

Elon Musk has long asked Twitter users if he should step down as the platform’s chief executive. “I will honor the results of this poll,” he said. The results came in: Almost 58 percent of the 17.5 million people who voted agreed that Mr. Musk should leave office. But it was still somewhat surprising when Mr. Musk announced on Friday that he had chosen his replacement A: He said his successor would be Linda Iaccarino, chairman of global advertising and partnerships at NBCUniversal. Mr. Musk said that Ms. Iaccarino, who recently interviewed him on stage at a promotional event in Miami, will focus on business operations while he continues to work on product design and technology.

what’s next (May 14-20)

Senate Hearings on Banking Crisis

The two groups that have tried to blame each other for the recent bank failures will appear in two Senate hearings this week – the heads of those banks and the federal regulators that oversee them. On Tuesday, Greg Becker, the former Silicon Valley Bank chief executive who stepped down after the bank collapsed in March, will testify before the Senate Banking Committee. Two former senior executives from Signature Bank, which went bankrupt two days later, will also testify. They are expected to receive a tough reception from legislators. In a letter challenging Mr. Becker, the chairman of the committee wrote: “You must answer for the collapse of the bank.” Regulators can also expect questioning at a separate hearing on Thursday. When regulators appeared before the committee last month, members of Congress on both sides of the aisle chided shortcomings in oversight of the banking crisis. Regulators have also pointed the finger at bank mismanagement.

BUSINESS

Preparing to meet Kong in K’tak, new CM likely to be sworn in on Monday

Published

10 hours ago

May 14, 2023

Elizabeth Johnson

Everything is set for the Congressional Assembly party to meet here Saturday night to elect a new leader. The new chief minister is likely to be sworn in on Monday, sources said.

The meeting will be held at a private hotel and all of the newly elected 135 Congress MLAs will attend and elect their leader. The high command is going to accept the challenge and announce a candidate for the post of CM. The meeting will start at 18:00

Former Chief Minister Siddaramayya, State President D.K. Shivakumar, senior executives M.B. Patil, Shamanur Shivashankarappa, d. G. Parameshvara, R. V. Deshapande, H. K. Patil fight for the post of KM.

Although party chairman Mallikarjun Harge has clarified that he is not interested in the position, sources say anything can happen. Siddaramaiya and Shivakumar lead the post.

The sources also said that Siddaramaiya will get a chance within the first two years and Shivakumar will be in charge for the next three years. The party is considering running in the 2028 elections under the leadership of Shivakumar.

–IANS

mka/dpb

(Only the title and image of this report may have been remastered by Business Standard staff; the rest of the content is automatically generated from the syndicated feed.)

First published: May 14, 2023 | 14:16 IS

BUSINESS

Yes, the Metaverse is still happening.

Published

11 hours ago

May 14, 2023

Elizabeth Johnson

While AI continues to dominate the headlines and the Metaverse appears to have been sidelined by Mark Zuckerberg’s decision to shift the focus from the Metaverse to AI, it’s important to note that the Metaverse is still as relevant as ever.

There is still a lot of hype among the pioneers around the metaverse and what will and will not. The truth is that no one really knows the full potential of the metaverse and its impact on our lives. It all depends on the power of computing and networking capabilities, as well as the rate of adoption by users, which will look different than the rate of adoption of the Internet in the past.

What we do know is that the race is on as large enterprises like NVIDIA and Unity invest heavily in building the underlying infrastructure while Roblox, Decentraland and Sandbox fight to become the portal of choice and studios Web3 such as Touchcast and TerraZero. cooperate with leading brands to expand their market share.

We also know that not everyone will get out of bed, put on a VR headset, and head to a virtual office where they take the beat from their hologram boss.

We will still have many real-life interactions, however using a digital twin or virtual avatar of ourselves and working in a digital office will lead to greater opportunities for productivity, connectivity and growth.

digital twins

The metaverse is here. See how many companies are implementing.”digital twins”, or a virtual representation of a physical object, person or place created using real-time data and advanced simulation models to provide a comprehensive digital representation of the real process.

Currently, digital twins are most evident at work, opening up a new world of opportunity across industries ranging from automotive to architecture, manufacturing, retail, telecommunications, and more.

Feeding these connected virtual worlds NVIDIA Total Enterprise, which provides a common environment for collaboration and creativity in the digital world. Already widely used in the gaming and entertainment industry, NVIDIA graphics processing units (GPUs) are essential for rendering high-quality graphics and visual effects in the Metaverse. The company’s GPUs also play a key role in computing acceleration, which is essential for the development of artificial intelligence (AI) and machine learning algorithms that are used to create realistic virtual environments.

This opens up a new world of architecture, product design, and industrial automation opportunities for NVIDIA customers. For example, Omniverse is used bmw develop digital twins that will enable their factory teams to streamline and streamline the planning and operation of their factories of the future. Using NVIDIA Omniverse, thousands of planners, product engineers, facility managers, and lean manufacturing experts can collaborate in a single virtual environment to design, plan, develop, simulate, and optimize extremely complex manufacturing systems.

The digital twins allow the BMW team to make better and faster decisions on vehicle layouts, train virtual robots and design test rigs before they are implemented in the physical world. BMW claims that by being able to test and optimize virtually, they have achieved a 30 percent improvement in production planning efficiency.

Another example Ericsson, a Swedish network and telecommunications company that used the Omniverse platform to create city-scale digital twins and simulation environments to better understand optimal antenna spread for a 5G deployment and then apply that knowledge to the entire city. By creating virtual models of physical assets, processes and systems, digital twins provided Ericsson with real-time performance insights and helped identify areas for improvement.

Lowes, one of the largest home retail stores with over 3,000 outlets in the United States, has begun using Omniverse to implement digital twins to give its employees superpowers to support their customers. A retail employee uses an augmented reality headset connected to Omniverse to see the digital world mixed with the physical, giving them immediate access to real-time inventory and product information. The digital twin has improved the customer experience by providing real-time data on customer needs and preferences, helping Loews better understand and meet the needs of its customers.

Powerful tools like NVIDIA’s Omniverse are already bringing together a large and diverse community of creators, developers, and users to enable forward-thinking digital-focused companies to collaborate and create in ways that unlock new possibilities for our lifestyles. and work.

Despite all the hype around digital avatars and virtual headsets, understand that the introduction of the metaverse will not happen all at once, but rather will be a gradual set of digital experiences that will improve our lives and work.

Acceptance of the Metaverse

The adoption of the metaverse will look different than past rates of Web 1.0 and 2.0 adoption, where consumers have played a significant role. Enterprise and industry can play a key role in making sure the rest of us understand the value of the Internet in 3D, in addition to the younger generation and gamers who have been playing in the 3D world.

In addition, how quickly the implementation of the metaverse happens depends on the use of younger people and how much support and enthusiasm governments provide. Early data shows much higher Metaverse adoption rates in Asia, the Middle East and North Africa, and Europe than in the United States. This means that people in these regions have better access to the devices needed to use the Metaverse, making it a favorable environment for developing and deploying Metaverse related applications.

Just this month, the South Korean government doubled its commitment to the metaverse and launched $48.3 million fund for development and supports mergers and acquisitions of various startups to help catapult the ecosystem of the metaverse. They believe that the metaverse is a key engine of economic growth and innovation that can change our lives.

Similarly, the Dubai government launched its Dubai Metaverse Strategy which aims to become one of the top 10 metaverse economies in the world by 2030, as well as the global center of the metaverse community, actively attracting startups to create the next iteration of the Internet.

El Salvador is also committed to the growth of the metaverse along with its President, Naib Bukele. introduction of a bill it will abolish taxes on technological innovation. He said the bill is needed to encourage innovation and investment in the technology sector and that the initiative will help create jobs and boost El Salvador’s economy.

Follow opportunity

Companies and governments have the opportunity to build and experiment in these virtual worlds, which will open up new possibilities previously thought unimaginable. Soon enough, most of us will find ourselves working in virtual worlds, designing digital twins, and providing services in vast Web3 environments.

Although the metaverse is still in its infancy, it will help us communicate more meaningfully with people from all over the world. The Metaverse can help us be more productive and satisfied in our personal lives. Now is the time to discover the Metaverse and its possibilities for deeper connections, more effective collaboration, and greater personal productivity and fulfillment.