‘Let them eat compute’ — AI is squeezing the housing market, this
provocative take claims
-
Artificial intelligence — which a new report claims doesn’t even work for
businesses 95% of the time — is the cause of the housing market rut.
20 minutes ago
Posts
Seed Newsvine
.jpg)
"We expect action and we expect courageous and cooperative action on the part of our members," Lagarde told reporters ahead of the IMF's twice-yearly meetings in Tokyo.
ReplyDeleteThe slowdown has not spared emerging market economies, which were instrumental in pulling the global economy out of recession in 2009. Brazil cut interest rates on Wednesday and South Korea on Thursday.
"Developing countries, which have been the engine of growth, will not be immune the increased uncertainty in the global economy," said World Bank President Jim Yong Kim.