World News Daily(2024-07-03) : Putin and Xi to Meet in Kazakhstan Amid Strengthening Ties
Putin and Xi to Meet in Kazakhstan Amid Strengthening Ties
Putin and Xi will meet in Kazakhstan during a Shanghai Cooperation Organization summit. Russia aims to strengthen ties with China, particularly in light of the Ukraine conflict with Europe and the US. Their previous discussion in May centered on enhancing economic and military cooperation. Putin recently visited North Korea, where he signed a military support treaty. Observers are keen to see how Russia will explain this to China, North Korea's primary supporter. The SCO members' opposition to the European-US framework is also under close examination.
ScoresPolitics
British Politicians Targeted by AI-Generated Fake Pornography
British politicians Angela Rayner, Gillian Keegan, Penny Mordaunt, Priti Patel, and Stella Creasy are facing the issue of fake pornography, where AI is used to create nude images featuring their faces. Some of these are basic Photoshop edits, while others are sophisticated deepfakes.
Dehenna Davison, a former Member of Parliament, describes this as "quite violating" and warns of "major problems" if AI regulation is not implemented. Creasy feels "sick," viewing it as a form of power manipulation rather than entertainment.
Non-consensual deepfake technology uses AI to remove clothing from photographs. The Guardian reported on ClothOff, an AI app that has caused disruption in schools.
The Online Safety Act, which came into effect in January, makes it illegal to share such images without consent. However, these sites continue to be accessible. Although creating this material is currently legal, the UK government plans to ban it.
The UK's approach is more stringent compared to many other countries. Some major sites block British users to circumvent legal issues. US Representative Alexandria Ocasio-Cortez advocates for similar legislation, anticipating dire consequences if action is not taken.
ScoresSociety
California Mandates Personal Finance Education in High Schools
California has just made personal finance a mandatory course for high school graduation. This means that 64% of U.S. high school students will now take a semester-long class on managing money.
Previously, only 1% of California students had this requirement. Now, every student in the state will learn about budgeting, credit, and financial planning.
Research indicates that students who take these courses experience a $127,000 benefit over their lifetime. The skills they acquire help them make smarter financial decisions and avoid common pitfalls.
This change is significant. It means more young people will be prepared for the financial challenges of adulthood. It's a step towards a more financially literate future.
Explanation of Terms:
- Financial Literacy: The ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
- Compounding: The process of generating earnings on an asset's reinvested earnings. For example, if you earn interest on a savings account, that interest is added to your total, and future interest is calculated on this larger amount.
AI Resolves 150-Year Evolution Debate Between Darwin and Wallace
In 19th century science, Darwin and Wallace clashed over evolution. Darwin saw sexual selection as key to butterfly color and male patterns. Wallace argued broader natural selection played a role too.
Fast forward to 2024, machines settle their debate. Scientists at Essex University, the Natural History Museum, and Cross Labs used AI to analyze 16,734 butterfly images. They focused on birdwing butterflies, known for vivid colors and distinct male-female differences.
Jennifer Cuthill, from Essex, noted the breakthrough. AI revealed new evolutionary details, especially in female butterflies, previously overlooked due to human limitations.
Results? Both Darwin and Wallace were right. Sexual selection drove male diversity. Female changes, however, showed broader influences, not just sex-linked. Both sexes contribute to species diversity.
Cuthill highlighted the significance: machine learning offers fresh insights into long-standing evolutionary questions. This study, published in Communications Biology, deepens our understanding of the evolution of these beautiful, yet endangered, creatures.
ScoresEconomy
Alimama's Full-Site Promotion Goes Live, Boosting Merchant Traffic and Sales Growth
Alimama has announced that its full-site promotion will soon be fully launched, aiming to help merchants acquire more traffic and sales growth. Internal test data shows that the transaction amount growth rate for products using this promotion reached 43%, with a click growth rate of 105%. During the 618 shopping festival, 130 test merchants achieved transactions exceeding 10 million through this promotion, with a total GMV surpassing 4.7 billion. In the future, Alimama will provide stronger ROI and GMV certainty, as well as shorter-cycle ROI delivery capabilities, and will introduce an "operational management" service to streamline merchant operations.
ScoresBYD and French company Ayvens sign a strategic cooperation memorandum to expand the European electric vehicle market.
BYD has signed a memorandum of understanding with French company Ayvens, planning to offer electric passenger cars and light-duty vehicle rental services in Europe through BYD's dealer network. The initial operations will be in France, the Netherlands, Belgium, and Luxembourg, with plans to expand to more European countries later.
The era of reverse joint ventures has arrived, with Renault set to collaborate with Chinese automakers to develop pure electric vehicles, competing with BYD. BYD aims to become the largest electric vehicle seller in Europe by 2030, surpassing Volkswagen, Tesla, and others.
NVIDIA has announced an expansion of its cooperation with Chinese automakers including BYD. A BYD executive stated that without Tesla, the global electric vehicle market would not have developed to its current state.
BYD has officially signed a land pre-purchase agreement for a passenger car factory with the municipal government of Szeged, Hungary. BYD plans to open 50 stores in Indonesia and has become the official mobility partner for the 2024 European Cup.
BYD will establish 100 dealerships in Japan, aiming to achieve an annual sales target of 30,000 vehicles. BYD has won a contract to supply all-electric school buses in California, while CATL will provide battery cells for the first model of Audi's joint venture with FAW, which is set to go into mass production next year.
ScoresBYD Poised to Surpass Tesla in Global Battery Electric Vehicle Sales
BYD, a Chinese electric vehicle maker, is poised to surpass Tesla in battery electric vehicle (BEV) sales this year. BYD's BEV market share is expected to surge, according to Counterpoint Research.
In the second quarter, BYD sold 426,039 BEVs, up nearly 21% from the previous year. Tesla's deliveries fell 4.8% to 443,956 vehicles. Last year, BYD produced over 3 million vehicles, including hybrids, outpacing Tesla's 1.84 million. However, Tesla led in pure BEV production.
China dominates the BEV market, with BYD at the forefront. Counterpoint predicts China's BEV sales will be four times North America's in 2024. By 2030, Chinese BEV sales are expected to exceed those of North America and Europe combined.
The European Union plans to impose additional tariffs on Chinese EVs, aiming to support struggling European manufacturers. These tariffs could push Chinese automakers to emerging markets like the Middle East, Africa, Latin America, Southeast Asia, Australia, and New Zealand.
Global BEV sales are projected to hit 10 million in 2024, as internal combustion engine vehicles decline. This growth will be driven by efforts to improve EV cost-efficiency and affordability.
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