Economy

What happens when public companies go bankrupt?!

Published

1 month ago

August 21, 2023

What happens when public companies go bankrupt?!

Since 2021, news has been circulating about a crisis threatening the Chinese real estate giant, as the company defaulted on interest payments to bondholders overseas and raised concerns about the unknown fate investors face.

Evergrande Crisis:
He highlighted the plight of Evergrande, China’s second-largest real estate developer by sales, and the world’s 122nd largest conglomerate by revenue, as some viewed it as a snowball threatening the global real estate market. .
The real estate giant recently filed for bankruptcy protection in the US. With the worst real estate crisis in China.

With total debt valued at over $300 billion, the company has become the world’s largest indebted real estate developer.

Partner Status:
In light of these developments, an urgent question has arisen as to what happens when a listed company ceases its operations and is liquidated. A report by the American finance and investment site “Investopedia” indicates that the company’s shareholders may. Depending on the type of shares they hold, they are entitled to a portion of the assets. However, the stock is generally worthless.

“What happens when a company declares bankruptcy?” In response to the question, the statement states that bankruptcy occurs when a person or company claims that they are unable to pay their debts and demands repayment of those debts. For its part, the court liquidates the debtor’s assets to pay some of its obligations. Certain types of assets are protected in a personal bankruptcy, such as a person’s car, personal property, and retirement accounts.

The report states that corporate bankruptcy occurs when a company cannot pay its debt obligations using current assets or cash flows. This can happen due to bad management, bad investments or unfavorable market conditions. Depending on the type of bankruptcy, a company may continue to do business after bankruptcy is declared.

What is bankruptcy?
In defining bankruptcy, the CNBC report notes that it is a legal process that begins when a person or company is unable to pay its debts and provides a fresh start to those who are unable to pay their obligations.

The bankruptcy process begins with a petition by the debtor, usually filed by or on behalf of the debtor, which is limited, and then all of the debtor’s assets are measured and valued, and the assets can be used to pay off a portion. Loan balance.

In theory, the ability to file for bankruptcy benefits the economy as a whole by allowing individuals and businesses a second chance to borrow or pay off debt in installments, and helps debtors recover a portion of their money and credits.

Pros and Cons:
The Pros and Cons of Bankruptcy report states that declaring bankruptcy can relieve you of your legal obligation to pay your debts and keep your home, business, or ability to work, depending on the type of bankruptcy petition you file.

But it lowers your credit rating, making it more difficult to get a loan, mortgage, credit card, buy a home or business, or rent an apartment.

Positives include allowing borrowers to break out of the default cycle, getting rid of some unsecured debt, and avoiding legal judgments.

As for the negatives, they include a decline in the creditworthiness of the individual, company or entity and the state, as happens in cases where governments default on their debts, leading to a reduction in their credit rating. From them to the flight of investors.

For some people or businesses, bankruptcy is the right option, especially if the debts are too much to manage, and the alternative may be to liquidate all of your assets. You will harm your credit, investment and business reputation, but at the same time, bankruptcy is a legal channel to avoid a worst-case scenario.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

4 new AI tools you can use to edit photos on Instagram

Published

5 hours ago

September 30, 2023

Nadia Barnett

4 new AI tools you can use to edit photos on Instagram

As part of Meta’s Connect conference last Wednesday, Mark Zuckerberg revealed several creative AI features that will be useful for some content creators and influencers. For example, users will be able to use Meta’s AI technology, revealed as Emu. In the Instagram app.

Zuckerberg said Meta will begin rolling out these photo-editing and generative AI tools to Instagram “in about a month,” and Meta’s Emu technology will take seconds to generate images, Zuckerberg said during the Connect conference.

In addition to photo editing tools, Meta is already releasing AI stickers that use Emu and Llama 2 technology, and advanced applications of AI will soon appear in Meta apps in the form of chatbots or AI-powered assistants. Meta will begin testing the beta feature immediately.

Here’s a full rundown of the new AI features Meta brings to Instagram:

– New photo editing tools in the Instagram app:

Like many apps and generative AI filters that are ubiquitous on TikTok, Instagram is adopting its own generative AI tools. Users can also edit photos by “re-styling”, which changes the artistic style of the photo, similar to altering the photo. A watercolor, or “background,” that allows users to replace the background of the image with an illustration.

Any image edited using these tools “represents the use of artificial intelligence,” Mitta wrote in a blog post.

– AI-generated stickers for use in direct messages:

Instead of sticking with Instagram’s existing preloaded stickers or emojis, Meta is rolling out a new tool that lets users create unique stickers using AI. Meta wrote in his blog post that the feature will be rolling out to “select English users next month.”

AI stickers are also available in Instagram features like Live Messages and Stories, and other apps like WhatsApp, Messenger and Facebook’s Stories feature.

– Interactive AI bots – or characters:

In addition to its general AI assistant called “Meta AI,” Meta is working with celebrities and influencers to develop 28 AI chatbots. The first cast uses celebrities and popular influencers like Tom Brady and Kendall Jenner. MrBeast, LaurDIY, and Charli D. Amelio and the AI characters will have their own profiles on Instagram and Facebook.

– Creators will be able to build their own robots in the future:

“We’re building a platform to build AI that can help you do things or have fun,” Zuckerberg said. “The way it works is that people can interact with these AI systems across the entire product universe. .”

Zuckerberg pitched these AI bots as a potential way for creators to “engage” with their communities. The creator of these bots should be “authorized” and “directly controlled,” Meta wrote in a blog post. Already, many startups have released AI tools. Similar applications allow creators to create AI versions such as Afterparty or Render Media.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

Inflation in the euro zone fell to its lowest level in a year

Published

13 hours ago

September 30, 2023

Nadia Barnett

Inflation in the euro zone fell to its lowest level in a year

Economic data released today on Friday showed that the euro zone’s core inflation rate fell to its lowest level in nearly a year this month, bolstering expectations that the European Central Bank will keep interest rates on hold at its next meeting to assess. The consequences of an unprecedented campaign to raise interest rates throughout the past.

European statistics agency Eurostat reported today that sales, excluding highly volatile items such as food and energy, fell to 4.5% this September, while analysts polled by Bloomberg News had expected a drop of 4.8%, compared with 5.3%. In the month, in the past.

At the same time, the headline inflation rate eased to 4.3% this month from 5.2% last August, the lowest level in nearly two years and well below expectations, thanks to a fall in energy prices. Accelerating rate of rise in prices of services.

The data released today is a strong indication that core inflation, a key measure for the central bank’s monetary policymakers, is on a downward path following a period of statistical deterioration over the summer months.

Despite the decline, general and core inflation rates have been more than twice the central bank’s target of 2% annually.

At the same time, there is a wide disparity in inflation rates between the euro zone’s twenty member states, with the inflation rate in Germany falling to its lowest level in two years this month, while the rate in Spain rose by more than 3. % again.

The current September consumer price inflation rate showed a new decline, reaching its lowest level in more than a year and a half, with the Italian statistics office saying the inflation rate fell to 5.3 for the current month. % y/y compared to 5.4% last month, while the core inflation rate, excluding highly volatile food and energy prices, fell to 4.6% this month, down from 4.8% last month.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

Meta unveils new artificial intelligence products

Published

21 hours ago

September 29, 2023

Nadia Barnett

Meta unveils new artificial intelligence products

Mark Zuckerberg, CEO of MetaPlatforms, has introduced a group of new products powered by artificial intelligence, including smart glasses that can answer questions and broadcast live on Facebook, as well as “bot” programs to create images and an advanced headset for virtual reality. .

Zuckerberg described the products as bridging the virtual and real worlds, and asserted that low-cost or free artificial intelligence in what Meta offered could be integrated into daily routines.

The MetaQuest virtual reality headset is one of the most popular in the burgeoning virtual reality industry, and company executives described it as the best value in the industry, marking the imminent launch of an expensive headset from Apple.

Speaking from the central courtyard at Meta’s sprawling campus in Silicon Valley, Zuckerberg said Meta’s new generation of Ray-Ban smart glasses will launch on October 17 for $299.

The device will have a new assistant from Meta that works with artificial intelligence and will be able to live-stream what the user sees on Facebook and Instagram, a feat compared to the previous generation’s ability to take pictures.

Earlier during the presentation, Zuckerberg said that the latest mixed reality headset (Quest) will start rolling out on October 10.

Zuckerberg’s statements came at the MetaConnect conference, the social media company’s biggest event of the year and the first to be held in person since the start of the Covid pandemic.

It launched the first consumer-oriented generative artificial intelligence products, in which a chatbot (meta AI chatbot) can generate text responses and realistic images.

Zuckerberg emphasized: “It’s not just about answering inquiries. It’s about helping people do things for entertainment and interacting with the people around you.”