Heather Erickson

Alibaba Taobao Dominates Singapore’s Apple App Store

The Chinese e-commerce company Alibaba launched an English version of Taobao, which topped Singapore’s Apple App Store charts. According to analysts, Taobao, powered by artificial intelligence (AI), rose from fifth to first place in the shopping category. From mid-August onwards, the Alibaba application still gained considerable popularity and was included in the top ten shopping …

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Adobe to Rollout Gen-AI Video Creation Tool

On Wednesday, Adobe reported that it will release a new generative artificial intelligence (gen-AI) video creation and editing tool this year. The new Adobe Firefly Video Model will be released in beta and join the tech firm’s current line of Firefly image-generating applications. Its launch aims to improve the Photoshop maker’s series of applications to …

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Oil Price increase

Oil Prices Rise as Hurricane Disruptions Ease Demand Worries

Oil prices traded higher on Thursday as prospects of supply disruptions from Hurricane Francine eased ongoing concerns over sluggish demand. November contract Brent crude oil futures rose 0.86% to $71.22 per barrel, while the US West Texas Intermediate (WTI) crude futures climbed 0.81% to $67.14 per barrel. The global and US oil benchmarks jumped more …

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Cocoa Prices Rose Due to Plummeting Supplies

On Tuesday, cocoa prices gained support amid slumping inventories from significant producers of the crop and more robust demand. US cocoa futures for December delivery increased by 32.36% to $9,654.00 per metric ton (MT) on September 10’s Asian afternoon session. Weaker outputs in the Ivory Coast, the top global crop producer, supported its prices. Based …

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Sugar Prices Plummet on Bumper Crop Forecast

On Monday, sugar contracts inched down slightly as optimism for above-normal monsoon rains in India might result in a bumper crop. US sugar futures for October delivery declined by -0.42% to $18.83 per pound on September 09’s Asian afternoon session. According to reports from the Indian Meteorological Department, the country received 792.50mm of rain, 8.00% …

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xAI Discussions Over Tesla Revenue Denied by Musk

Elon Musk denies reports of his artificial intelligence (AI) startup xAI holding talks on its shares in Tesla’s future revenue in exchange for its resources. On Saturday, the Wall Street Journal reported that the electric vehicle (EV) maker would license the startup’s AI models to gain certain upgrades. These improvements include its driver-assistance software and …

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YouTube Develops New Tools to Secure Creators from Deepfakes

On Thursday, YouTube revealed it is developing new features to protect its creators from artificial intelligence (AI) copycats. According to reports, the first feature is called synthetic-singing identification technology. This tool will permit artists and creators to automatically determine and control YouTube content that copies their singing voices using gen-AI. The video-streaming platform will integrate …

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Crude

Oil Price Rose on OPEC+ Planned Delays of Production Hike

On Thursday, crude oil gained support from OPEC+’s plans to postpone production jumps, easing to 2.20 million barrels per day (bpd) over the following months. West Texas Intermediate crude contracts for October delivery jumped by 0.17% to $69.27 per barrel. Also, Brent futures for November shipments increased by 0.17% to $72.81 a barrel on September …

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