Anna's Daybreak News

Good morning news friends! Get ready to dive into the heart of the news with me :)

• Apple Inc. is developing AI tools to challenge those of OpenAI, Google, and others.


• The company has created a language modeling framework, “Ajax”, and an internal chatbot, “Apple GPT”.


• Executives have yet to devise a clear strategy for releasing the technology to consumers.


• Take a bite out of the AI apple, before the competition sees the core!
Source: Read More

• At least 2 dead and 5 injured following a shooting in Auckland, New Zealand


• World Cup to proceed as planned with increased police presence


• Suspect is a 24-year-old male known for family violence history, no political or ideological motives identified


• The Women's World Cup is still on, but now with the added challenge of having to play in the shadow of another tragedy
Source: Read More

• FedNow is a service that has been in the works since 2019 and will allow Americans to transfer funds in real-time.


• 41 banks and 15 service providers have already signed on and more are expected to join in the coming months.


• FedNow is expected to benefit consumers and small businesses the most, by allowing them to access real-time payments without needing to pay larger competitors.


• At launch, the service will have a maximum individual payment limit of $500,000.


• The potential for a bank run raises concerns, but the Fed has downplayed such fears, reassuring that banks have measures to mitigate outflows.


• It's time to say "so long" to waiting days or even hours for payments - FedNow is here to revolutionize America's payments system

• State-owned banks are seen selling dollars to buy yuan in the offshore market in an effort to slow the rate of yuan decline.


• China's central bank announced the relaxing of a cross-border financing rule, making it easier for domestic firms to tap overseas markets.


• The offshore yuan strengthened more than 0.7% but is still down about 4% against the dollar year-to-date.


• In a daring attempt to contain a full-blown currency disaster, China is sending shockwaves through the market, bringing stability (or at least trying to) to the yuan
Source : Read More

Baked with love,

Anna Eisenberg ❤️