RAG models - CybAI news

08 Aug

Chinese Swap Handbags for Trips as ‘Experience Economy’ Booms

stp2y0 CommentsRAG modelschina, China Renminbi Spot, Consumer Spending, food, Home Prices, LVMH MOET HENNESSY LOUIS VUI, Real Estate, Tax Revenue, Technology, Tourism, travel

Watching orders dwindle as China’s housing market slumped, factory owner Zheng Weirong decided to take action and protect his steel business from the real estate downturn.Betting on a tourism revival, he wound down a production line making metal bars in 2021 and shifted investment to producing container-sized cabins, often used as guest houses. The pivot paid off, with demand exploding last year after Chinese travel rebounded following the lifting of pandemic restrictions. Source link lol

08 Aug

How short-lived advanced grenade launchers tried — and failed — to field a high-tech version of the conventional rifle attachment

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Could high-tech advanced grenade launchers replace conventional rifles for the infantrymen in the battlefields of the near future? Advanced grenade launchers combine a rifle and grenade launcher in one weapon with the rifle acting as backup. This idea can be traced back to 1970, and from then until now, there have been numerous incarnations of the concept.Even just strapping a grenade launcher to a rifle is nothing new – the M203 single-shot grenade launcher attachment for the M16 and M4 has served for decades. However, the difference between the M203 and advanced grenade launchers is substantial.Typically, advanced launchers use smaller…

08 Aug

Pitney Bowes to Liquidate Ecommerce Unit in Bankruptcy

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Shipping firm Pitney Bowes Inc. agreed to liquidate much of its ecommerce business in bankruptcy as part of a deal with Hilco Global.Under the agreement, affiliates of Hilco agreed to buy a controlling stake in the ecommerce business and then sell it off piecemeal, according to a statementBloomberg Terminal from Pitney Bowes. The ecommerce entities filed for Chapter 11 bankruptcy Thursday, listing debts and assets of as much as $500 million each. Source link lol

08 Aug

How the cast of ‘Saturday Night’ compares to the real-life people they’re playing

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Jason Reitman's upcoming film "Saturday Night" chronicles how the first episode of "SNL" came together.The movie stars Gabriel LaBelle as "SNL" creator Lorne Michaels and Cory Michael Smith as Chevy Chase."Saturday Night" hits theaters on October 11. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. A new film centered on the creation of NBC's…

08 Aug

About 1,200 Tech Workers Sign Letter Backing Kamala Harris

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A group of about 1,200 technology workers have pledged to back Kamala Harris’ presidential bid — part of an effort to show wide industry support for Democrats in Silicon Valley, outside of its most vocal investor class. Tech4Kamala plans to unveil the signatories of a letter supporting Harris late Thursday night, it told Bloomberg. The letter called Harris an “archetypical innovator” and “champion of technology” who “worked to expand access to STEM education, promote entrepreneurship and close the digital equity gap.” Source link lol

08 Aug

Paramount’s TV networks are collapsing in a $6 billion hole

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On Thursday, it was Paramount's turn: The entertainment conglomerate, which is about to be acquired by David Ellison and a consortium of investors, just took a $6 billion charge on its TV business.For context: Public investors value all of Paramount's equity at $7 billion.Paramount's press release barely acknowledges the writedown — it's first referenced in a tiny print footnote.On the company's earnings call, Paramount management said part of the writedown is a bookkeeping necessity to even out what the company had previously thought its TV business was worth, and the value implied by Ellison's pending acquisition. But the broad strokes…

08 Aug

SoftBank-Backed Billionaire to Double Fortune on E-Scooter IPO

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Just two years ago, Bhavish Aggarwal was facing one of his biggest tests. A video on social media showed an Ola Electric Mobility Ltd. vehicle bursting into flames in the Indian city of Pune, raising doubts about whether his bet on the world’s biggest e-scooter factory would ultimately pay off.The outspoken founder, who’s drawn parallels to Elon Musk, bounced back. Now, the company’s public listing is set to cement his position as one of the world’s youngest billionaires. Source link lol

08 Aug

Eventbrite is laying off 11% of its staff

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Eventbrite is letting go of about 100 employees, or 11% of its workforce, the company said Thursday.It expects to incur about $7 million in costs associated with the reduction.The company previously cut 8% of its workforce in February 2023. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The ticketing-and-events platform Eventbrite said on Thursday…

08 Aug

Amazon Deals Let Shoppers Buy Products on TikTok, Pinterest

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Amazon.com Inc. has inked partnerships with TikTok and Pinterest Inc. that lets users buy products from the e-commerce company without leaving the social media apps.Users can link their profiles from TikTok and Pinterest to their Amazon accounts and then buy products directly from ads. The initiative is designed to make it more convenient for customers to shop on social media, an Amazon spokesperson said Thursday in a statement. Source link lol

08 Aug

Lyft is pulling back on ‘rideshare’s most hated feature.’ But it’s the way of the future for many big companies.

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People hate surge pricing — and Lyft says it hears them. But other companies may just be getting started on the practice.Lyft CEO David Risher said during a Wednesday earnings call that the company is seeking to address surge pricing by rolling out a feature known as Price Lock, a monthly subscription costing under $5 that "caps the price per specific route at a specific time," meaning that customers who frequently ride from to the same location will have certainty on the cost.The feature would compete with Uber by giving customers some certainty ahead of time as to how much…