AFP news

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Markets Sink After US Data Deal Blow To Rate Cut Hopes

Markets fell in Asia and Europe on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.

Japanese Dog Of 'Doge' Meme Fame Dies

The Japanese dog whose photo inspired a generation of oddball online jokes and the $23-billion Dogecoin cryptocurrency beloved by Elon Musk died on Friday, her owner said.

Japan Inflation Slows To 2.2% In April

The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed Friday, with the figure remaining above the Bank of Japan's two percent target.

AI Relies On Mass Surveillance, Warns Signal Boss

The AI tools that crunch numbers, generate text and videos and find patterns in data rely on mass surveillance and exercise concerning control over our lives, the boss of encrypted messaging app Signal told AFP on Thursday.

Nvidia Profits Soar On Demand For AI Power

The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.

US Lawmakers Seek To Clean Up Crypto Regulation 'Food Fight'

The Republican-backed Financial Innovation and Technology for the 21st Century Act -- known as FIT21 -- would split responsibility for cryptocurrency regulation between the Securities and Exchange Commission and the Commodities Futures Trading Commission.

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