Despite a slight slowdown, the US economy added an impressive 206,000 jobs in June, surpassing forecasts of 190,000. The unemployment rate nudged up to 4.1%, and wage growth hit a three-year low, signaling a potential rate cut by the Federal Reserve later this year. Key Takeaways: * Job Gains: 206,000 new jobs in June. * Revised May Figures: 218,000 jobs (down from 272,000). * Unemployment Rate: Edged up to 4.1%. * Wage Growth: Slowest in three years. With the Fed considering a rate cut in September, we're on the lookout for significant shifts in the financial landscape. Stay tuned for more updates as we navigate these economic changes! #Thesocialtalks #JobsReport #USEconomy #FederalReserve #JobGrowth #EconomicUpdate
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With the flagship AI model of OpenAI, GPT-40, being compared to the newly-made SenseNova 5.5 by SenseTime, one of China’s leading artificial intelligence companies, it’s easy to say that China’s well on their way at having their domestic users rely on their “homegrown products”. This journey was initially spearheaded by the need for an alternate model since OpenAI released that they are “taking additional steps to block API traffic from regions we do not support access to OpenAI’s services” shared by a spokesperson. This tension caused concern but was quickly circumvented by the powerful minds of SenseTime having been in the processes of developing a competitor of the American model and now offer bounds of bonuses for consumers in trying to entice them. Free tokens and free migration services may be the the camel that broke the camel’s back into having Chinese users switch to local. #ArtificialIntelligence #TheSocialTalks #ChineseEconomy #Technology #OpenAI #News
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As per the blockchain researchers, the amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices. Hackers had stolen more than $1.38 billion worth of crypto by June 24, 2024, compared with $657 million in the same period in 2023. With rising crypto values and larger attacks, security is paramount. This is the time to learn how to secure your crypto & stay safe online. Here are some tips - • have strong passwords • have secure wallets • beware of scams and phishing • stay updated and educate yourself By following these tips, you can significantly reduce the risk of crypto theft and keep your online activity more secure. Remember, staying vigilant and cautious is key in the ever-evolving digital landscape. Follow us for more learnings and updates #CryptoTheft #StaySecure #BeVigilant #TheSocialTalks
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Apate is the Greek goddess of deception, and Prof. Dali Kafaar plans to do just that with his AI victim bots. His inspiration? a harmless “dad’s joke” on a scam call where he just wanted to scam the scammer. The Apate bots range many ages, different accents, personalities etc- all with one goal: keep the scammer on the phone. The longer they are on the phone, the more potential for obtaining information from the callers, whether it be location, new scams, what they are after and what tactics used. We have reached the age on Artificial Intelligence for good, luckily. #ArtificialIntelligence #TheSocialTalks #Technology #Scams #News #ConsumerAffairs
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Samsung, a South Korean company, expects to see a huge increase in its profits. The company has said it is expecting a 1,400% increase compared to its profits this time last year. The steep increase in profits is mostly due to the increased demand for artificial intelligence technology, which has lifted the prices of Samsung’s advanced chips. Samsung is currently the manufacturer of memory chips, smartphones, and televisions. Samsung announced that it was expecting such a high-profit increase, which resulted in shares increasing by 2% in Seoul. The company expected its profits to reach 10.4 trillion won this quarter, a huge increase compared to the 650 billion in profits last year. #TheSocialTalks #Samsung #ArtificialIntelligence #ProfitIncrease
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A devastating air strike hit a school in Gaza’s Nuseirat refugee camp, resulting in the tragic loss of at least 16 lives and injuring dozens more. This school was a sanctuary for up to 7,000 displaced individuals seeking refuge. Key Details: * Location: Nuseirat refugee camp, central Gaza * Casualties: 16 confirmed dead, dozens injured * Eyewitness Accounts: Upper floors of the school targeted near a busy market * Context: The building was sheltering thousands, including many children and families The Israeli military is currently investigating the incident. This follows a similar tragic event in June, where another school in Nuseirat was struck, leading to significant loss of life. The human cost of this ongoing conflict is staggering, with over 38,000 Palestinian lives lost since October. The international community watches with a heavy heart as hopes for a peaceful resolution remain distant. Let us take a moment to reflect on the innocent lives affected by this tragedy and renew our calls for peace and humanity. #Thesocialtalks#Gaza #AirStrike #HumanitarianCrisis #Peace #BreakingNews
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Global sales for the second straight quarter wring the same results as the last: down, down, down. Tesla have not deemed it valuable to give an explanation for the decline, however, their dip in sales may be because of the rise in competition in the Electric Vehicle industry, younger startup automakers attempting at getting a share of the market pie. The growing skepticism in buyers on whether electric cars can meet their needs also has heavily affected Tesla’s numbers, since the early rise was due to early adopters, now it’s time to convince the everyday masses. It’s looking like the worst has yet to come for Tesla. What do you think? #Tesla #QuarterlyResults #TheSocialTalks #AutomotiveIndustry #News #GlobalDevelopment
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Google has kept up the promise of their goal for net zero greenhouse gas emissions by 2030, however, just last Tuesday, Google revealed that its emissions have climbed 48% over the past five years. Reaching net zero would require the company removing as much carbon dioxide as it emits, their emissions being doubled over due to the demand for electricity consumption from their AI products. What can be done? #ArtificialIntelligence #TheSocialTalks #Google #ClimateCrisis #GreenhouseGas #News
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Jihadists descend upon communities, cities and villages in Burkina Faso with guns flailing. Villagers run and flee to any spots hidden from the attackers- and just like that, upwards of 2 million people, displaced from their homes since the uprising in 2014. After the ousting of the president, Blaise Compaoré, there was a coup in 2022 with his successor, Roch Marc Christian Kaboré. All this political animosity resulted in a 137% increase in violence, 8000 reported killings from the Nord region. Fear feeds their stomachs, they have no homes, no promise of returning to their homes. A humanitarian crisis. #Africa #TheSocialTalks #HumanRights #GlobalDevelopment #HumanitarianCrisis
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For the first time ever, Balmoral Castle, the Royal Family's retreat in Scotland since the 1850s, will be open to the public. The castle's entrance hall, red corridor, main and family dining rooms, page's lobby, library, and drawing room are all open for guided tours from July 1 to August 4. The King has made some alterations to the castle, such as replacing the carpets in the drawing room with Hunting Stewart tartan, the original flooring Queen Victoria had installed. Sir Edwin Henry Landseer, a Victorian painter who was adored by Queen Victoria and brought to Balmoral each summer to teach her and Prince Albert in painting, has also had paintings hung by him. Highlights for guests to view include the dinner gong, which was crafted from materials recovered from the British warship Temeraire, which took part in the Battle of Trafalgar, and the chauffeur's whistle, which was once used to summon the driver. King Charles has asked that tea be served on a replica of the White Stewart Tartan China used by the royal family at Balmoral. Twenty-four hours after the guided tours went on sale, tickets costing £100 (or £150 with afternoon tea) for the royal residence could accommodate only forty visitors per day. #TalkSocialToUs #BalmorialCastle #ScottishHistory #TouristAttraction #UKTravel #RoyalFamily #TheSocialTalks
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The movie's success has given the previously struggling 2024 box office a boost. Up until the film's June 16 release, domestic sales were more than 25% behind the previous year's figures. The Pixar team's inventiveness and the film's ability to appeal to a global audience were praised by Tony Chambers, Disney's executive vice president of theatrical distribution, who expressed his joy at this achievement. The Incredibles 2, Finding Dory, both "Frozen" films, and the final two "Toy Story" movies are among the select group of Disney and Pixar films that have made over $1 billion in revenue. Inside Out 2 has joined this exclusive group. #TalkSocialToUs #BoxOffice #MovieIndustry #Pixar #Disney #InsideOut2 #FilmSuccess #BoxOfficeRevival #TheSocialTalks
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