AMC Entertainment Dives 15% After Shareholders Approve Reverse Split, APE Unit Conversion

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ValueWalk

Drop comes as Fintel options data reveals a sharp sentiment change in AMC stock Shares of American theatre operator AMC Entertainment (NYSE:AMC) plunged as much as 20.3% in trading on Tuesday after holders voted to approve the conversion of preferred APE units to ordinary shares and a reverse stock split at the special shareholder meeting. Q4 2022 hedge fund letters, conferences and more At the time of the meeting, AMC ordinary shares dived while APE shares briefly spiked 20% higher. By the close, AMC shares recovered some of the losses to close the day with a 15% lower while the APE preferred… Read More “AMC Entertainment Dives 15% After Shareholders Approve Reverse Split, APE Unit Conversion”

PwC strikes deal with San Francisco startup to let lawyers and tax experts use AI chatbot

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City AM

By Louis Goss PwC has struck a deal to start using an artificial intelligence (AI) chatbot to speed up work in its tax and legal divisions as the World’s top professional services firms increasingly look towards tech to boost efficiency. The accounting firm’s initial 12-month contract with San Francisco startup Harvey will see all 4,000 staff in PwC’s global legal business gain immediate access to the company’s AI chatbot that it developed off the back of OpenAI’s GPT technology. PwC will also seek to work out ways it might begin using the specialist lawtech tool to speed up work and boost the… Read More “PwC strikes deal with San Francisco startup to let lawyers and tax experts use AI chatbot”

At San Francisco expo, AI ‘sorry’ for destroying humanity

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Relaxnews

By JENN CAIN / AFPTV / AFP Advances in artificial intelligence are coming so hard and fast that a museum in San Francisco, the beating heart of the tech revolution, has imagined a memorial to the demise of humanity. Advances in artificial intelligence are coming so hard and fast that a museum in San Francisco, the beating heart of the tech revolution, has imagined a memorial to the demise of humanity. “Sorry for killing most of humanity person with smile cap and mustache,” says a monitor welcoming a visitor to the “Misalignment Museum,” a new exhibit on the controversial technology. The pieces… Read More “At San Francisco expo, AI ‘sorry’ for destroying humanity”

Foreign Tourist Reservations in Indonesia Hotels Reach 54 Percent

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Go Kompas.com

KOMPAS.com – More than half of hotel reservations in Indonesia come from foreign tourists, according to data released by Little Hotelier, a hotel management software provider for small accommodations, in February. Little Hotelier’s Regional Sales Manager in Indonesia Tander Lowongan said that in that month, foreign tourists who booked through online travel agents (OTAs) reached 54 percent. “International tourists reached 54 percent, while domestic travelers reached 45 percent. It’s almost balanced between domestic and international travelers. However, currently, there are more international t… Read More “Foreign Tourist Reservations in Indonesia Hotels Reach 54 Percent”

Papua Police Reveal Alleged Motive of Yahukimo Shootings

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Go Kompas.com

JAYAPURA, KOMPAS.com – Papua Police Chief Inspector General Mathius D. Fakhiri said that there are several alleged motives behind a series of the shooting involving the Armed Criminal Group (KKB) in Dekai district, Yahukimo regency, Papua over the past week. His suspicions are still related to the hostage-taking of Susi Air pilot Philip Mark Merthens by KKB led by Egianus Kogoya in the Nduga regency. “If we look at this, it is still the same group, all with the same affiliation. It could also be intentional to divert attention from the issue, or this group could be seeking popularity after se… Read More “Papua Police Reveal Alleged Motive of Yahukimo Shootings”

Jade Vault enters Sinclair Capital Reserve Fund with Swiss regulator approval

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City AM

By Darren Parkin A jadeite storage and trading company with access to the largest deposit of the precious stone in the World has been approved by Swiss regulators to be included within the Sinclair Capital Reserve. Jade Vault, which uses blockchain technology to ensure provenance of its resources, plans to create and trade the largest inventory of ethically-sourced jadeite in the World while bringing investment, trade and custody of the much-revered mineral to a global audience. This will be achieved, not least, due to Jade Vault’s ability to create unique products from the jadeite mineral suc… Read More “Jade Vault enters Sinclair Capital Reserve Fund with Swiss regulator approval”

Kialara Project Celebrates Ten Years of Storing Bitcoin Using Art

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ValueWalk

San Diego, United States, 14th March, 2023, Chainwire When Max Mellenbruch began creating Kialara ten years ago, few people had heard much about bitcoin, let alone crypto art. The idea of a cold-storage wallet to preserve private keys over a long period of time, safeguarding them against physical deterioration, was quite innovative for its time. The latest edition, Kialara Builders, a tribute to the technologies that led to the advent of Bitcoin, is crowned with a shiny chunk of .999 Monocrystalline silicon, perhaps the most important technological material of the last few decades. The protago… Read More “Kialara Project Celebrates Ten Years of Storing Bitcoin Using Art”

Satellite constellations multiply on profit hopes, geopolitics

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AFP

Washington (AFP) – The massive constellation of satellites operated by SpaceX, while still growing, will soon be joined in low Earth orbit by many more commercial competitors, but also government-sponsored programs. When firms floated the idea of expanding access to high-speed internet through satellite constellations in low Earth orbit (LEO), analysts expected only two or three companies would succeed. “But the number of players keeps growing,” Caleb Henry, research director at Quilty Analytics, told AFP at the annual SATELLITE conference in Washington. He said there are now at least eight co… Read More “Satellite constellations multiply on profit hopes, geopolitics”