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    In 2012, a Philippine coastal project began turning discarded fishing nets into carpet tiles; six years later, UNEP reported 61 tonnes collected and 41 tonnes recycled

    Old fishing nets pose a significant environmental threat as they contribute to ocean plastic pollution and ghost fishing. The Net-Works project has recycled around 41 tonnes of these nets into new carpet tiles since 2012. It partners with local fishing communities to collect and repurpose used nets, which are turned into nylon thread. Despite this innovative solution, only a fraction of the total waste is being processed effectively.

    In China, the AI bubble has already burst

    While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports.

    In China, the AI bubble has already burst

    China's technology sector is experiencing a dramatic decline, leading to extensive financial repercussions for numerous industries. The STAR50 index's sharp drop has shaken investor confidence considerably. Retail investors who initially placed faith in state-supported tech companies are now grappling with significant losses. In response to this turbulence, many are gravitating towards safer investment options, as experts caution that these selloffs may impede future fundraising for tech enterprises.

    From 700% gains to a 50% plunge: China's AI stocks are crashing despite Beijing's tech ambitions. Here's why

    China's artificial intelligence stock market has faced a steep decline, losing around $480 billion in market value. Many leading technology stocks that previously soared have now lost significant value in recent months. As investor enthusiasm wanes, concerns over future profits and valuations are becoming pronounced. Additionally, export restrictions on technology could further complicate the sector's recovery. Policymakers in China now face challenges in bolstering investor confidence while promoting industry growth.

    Analysis: In China, the AI bubble has already burst

    Chinese tech stocks, especially in AI and semiconductors, have experienced a dramatic decline in value recently. The mainland STAR50 index of these sectors has dropped by 40% in four months, leading to substantial market losses. Investors are increasingly turning to safer assets as frustration mounts over fading government support for tech investments. Additionally, many investors are hesitant to purchase shares until valuations reach more acceptable levels.

    Meta’s AI app Muse crosses 10 million US downloads within 40 days

    Meanwhile, Zuckerberg highlighted in his post that the most common use case for Muse is shopping, with more than a quarter of people using the platform engaging in this activity with an average purchase size over $200.

    The Economic Times
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