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China reported a surge in industrial output for November, signaling a promising turnaround in the world’s second-largest economy. However, the growth in retail sales fell short of expectations, suggesting a patchy recovery. Economists caution that the low base effect from the previous year’s stringent COVID-19 restrictions could skew the data. Despite the positive industrial output
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General Motors’ Cruise, the robotaxi startup, has announced that it will lay off 900 employees, accounting for 24% of its workforce. These layoffs primarily affect commercial operations and related corporate functions, marking the latest upheaval for the company. This decision comes just one day after Cruise dismissed nine “key leaders” due to their response to
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In a bid to compete with rival chips from Nvidia and AMD that power large and energy-intensive AI models, Intel has unveiled its latest computer chips, including Gaudi3. This new chip, set to launch next year, is specifically designed for generative AI software. With Nvidia currently dominating the market with its GPUs that power prominent
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