Today, almost every enterprise wants to jump on the generative AI bandwagon. They are building interesting new solutions and are bullish on the prospects of the foundation models. However, according to a new survey of global CEOs conducted by PwC, despite all major benefits, this much-hyped technology can also bring in some major challenges, including […]
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China Evergrande Soared on the Property Boom. Here’s Why It Crashed.
In January, more than 100 financial sleuths were dispatched to the Guangzhou headquarters of China Evergrande Group, a real estate giant that had defaulted a year earlier under $300 billion of debt. Its longtime auditor had just resigned, and a nation of home buyers had directed its ire at Evergrande. Police on watch for protesters […]
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