📣 The music service Zvuk has launched "In Brief," an AI-powered audio book summary feature. Users can quickly recall the plot of an audio book after a break or get acquainted with the content before listening. On the audio book page, it's possible to listen to a brief summary in advance. The player allows users to remember key events from previously listened chapters in just a few minutes and continue from the desired point.
"We are developing Zvuk into a personal AI companion that not only recommends content but also helps interact with it," said Artem Lebedev, CEO of Zvuk.
"We are developing Zvuk into a personal AI companion that not only recommends content but also helps interact with it," said Artem Lebedev, CEO of Zvuk.
🚨 Space companies including Elon Musk's, Jeff Bezos's, rocket maker Stock Space, and startup Starcloud, which aims to build the first data center in space, have withdrawn from the space summit in Paris scheduled for September 9-10, according to Politico.
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🎤 The likelihood of Kanye West performing in Russia before October 31 is currently estimated at 31% by players on Polymarket as of September 3. For more details, visit here.
📊 Business is expected to return to new investment projects when the key interest rate falls below 10%, stated Anatoly Popov, deputy chairman of Sberbank, in an interview. This level is deemed comfortable by more than half of Sber's clients. Currently, the high rate compels businesses to primarily allocate funds for ongoing operations, completing existing projects, and expanding capacities. For more details, visit here.
⚠️🇮🇷 Vance: The United States will not engage in negotiations with Iran until the attacks on ships cease.
🚨🇺🇦 Germany has initiated the serial production of over 5,000 long-range kamikaze drones for Ukraine, valued at approximately €300 million. The manufacturing is being handled by a joint venture between the German-American company Auterion and Ukrainian firm Airlogix, according to Handelsblatt.
🚗 Volkswagen today unveiled plans to cut 50,000 jobs as part of its strategic plan through 2030.
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🇮🇷 In an interview with GB News, former President Donald Trump vowed for a swift victory over Iran.
📈🇺🇸 U.S. stocks saw a significant rise today, with the S&P 500 gaining ground. The Nasdaq experienced a surge of short positions. Yesterday, former President Trump predicted a bullish market before closing. Today, the Federal Reserve's most hawkish member, Waller, noted early signs of disinflation and advocated for keeping interest rates unchanged at the next meeting, a shift from his earlier stance for an immediate hike. This announcement further accelerated the S&P 500's growth.
🚨 The proposed bill for "hellish sanctions" against Russia has stalled due to increasing resistance in the U.S. House of Representatives. It is likely to be frozen at least until the midterm elections in November, amid concerns that the legislation could strengthen Trump's power over tariffs and lead to further increases in oil prices. — BBG
⚠️🇪🇺🇷🇺 European Union representatives are set to hold a series of meetings in the coming weeks to discuss new sanctions against Russia — BBG. Among the proposed measures are restrictions on the issuance of tourist visas, stricter movement rules for Russian diplomats, and new limitations targeting Russia's "shadow fleet."
📉 After the earnings reports: Lululemon (LULU) experienced a significant drop of 20%, while Docusign (DOCU) saw a rise of 5%. Ambarella (AMBA) remained unchanged at 0%.
🇺🇸 Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank in the United States, with plans to launch in 2027.