OpenAI CEO Sam Altman has revealed that the company’s $200-per-month ChatGPT Pro plan is currently operating at a loss. This surprising admission comes as the company grapples with the high demand for its premium AI services. In a series of posts on X, Altman stated, “I personally chose the price,…
Asia’s IPO market is poised for a robust revival in 2025, as India has a promising line-up and Hong Kong shows recovery. Led by a resilient economy and strong demand from mutual funds that is keeping markets elevated, India is expected to exceed its record-breaking $20.7 billion in new-share sales…
The MAGA memecoin, a project inspired by former US President Donald Trump, surged over 42% in the last 24 hours, trading at $3.58 at the time of writing. The Ethereum-based token has seen its fully diluted valuation rise to $163 million, supported by an average trading volume of $53 million…
Jeju Island, South Korea’s premier holiday destination, is embarking on a digital transformation to attract Millennial and Gen Z tourists. By 2025, the subtropical island will introduce NFT-powered visitor cards, offering travel discounts and subsidies. This initiative aims to reshape Jeju’s tourism sector by leveraging blockchain technology while fostering economic…
The USD/CAD exchange rate has surged to its highest level since March 2020 as the US dollar index soared, Canadian economy slowed, and crude oil prices slumped. It has soared in the last six consecutive weeks, its longest winning streak since August 2023. So, will the USD to CAD pair…
Japan’s service sector activity expanded in December, driven by strong demand and continued business growth, according to the final au Jibun Bank Services PMI by S&P Global Market Intelligence. The PMI rose to 50.9, up from 50.5 in November, marking the second consecutive month above the 50.0 threshold that separates…
Canadian Prime Minister Justin Trudeau is expected to announce his resignation as Liberal Party Leader as early as Monday, according to a report from Canadian newspaper The Globe and Mail. This follows mounting pressure from within his party, including a growing revolt among Liberal MPs and dismal public opinion polls.…
Canada’s political landscape may be on the brink of upheaval as reports suggest Prime Minister Justin Trudeau is preparing to step down as the leader of the Liberal Party. Amid waning approval ratings, internal party dissent, and mounting pressure from opposition leaders, Trudeau’s exit could significantly alter the Liberal Party’s…
A former deputy governor of the Reserve Bank of India (RBI) has voiced his opinion that the central bank should ease its tight control over the rupee, a perspective that surfaces amidst uncertainty regarding whether the new Governor will maintain his predecessor’s policy of limiting currency fluctuations. This call for…