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SpaceX surpasses Boeing and Verizon, Developing countries face debt crisis

SpaceX valuation skyrockets; Google's Gemini AI eases search creation; markets rally on Fed's rate cut outlook; rising vaccine hesitancy costs lives; World Bank alerts on debt crisis

Today ChatGPT read 1159 top news stories. After removing previously covered events, there are 5 articles with a significance score over 7.

[7.3] SpaceX valuation climbs to $180 billion — CNBC

SpaceX's valuation hit $180 billion, marking a 20% increase from $150 billion. The company, leading in the U.S. satellite launch market with over 5,000 satellites, has over two million Starlink subscribers. Its valuation now exceeds major U.S. defense contractors, including Boeing ($150 billion), and top telecom companies like Verizon ($154 billion) and AT&T ($115.9 billion).

[7.2] Companies will soon be able to build internal search engines — with no coding needed — using Google Gemini AI — Business Insider

Google's Gemini, rivaling OpenAI's ChatGPT, is now part of Vertex AI, enabling users to create chatbots and search internal data without coding. Vertex AI Search can analyze text and images across platforms like OneDrive and Salesforce. Privacy is assured as Google doesn't use customer data for training models. Gemini also allows building internal AI chatbots for varied applications like call center training. Additionally, new features like Imagen 2 and Duet AI in Google Workspace enhance image and coding capabilities.

[7.1] Financial markets rallied on Fed rate cut expectations — The Australian Financial Review

In November, Wall Street experienced its biggest rally in 40 years. Federal Reserve Chairman Jerome Powell initially maintained a tough stance on monetary policy in early December, but later softened, with the Fed keeping rates at 5.25%. The forecast suggests 75-100 basis point rate cuts in the next year, aligning with market expectations of reductions beginning in March. This outlook fueled significant surges in the S&P 500 (14% gain since October end), Nasdaq, and Dow Jones.

[7.1] Rising vaccine hesitancy and misinformation fuel preventable COVID deaths — The Conversation

The global anti-vaccine movement, fueled by COVID-19 misinformation, continues to grow. A survey shows declining U.S. vaccine confidence since April 2021. Misinformation includes false links between vaccines and autism, infertility, and ingredient safety concerns. Health myths have led to 319,000 preventable COVID-19 deaths and daily economic losses of $50-300 million in the U.S. The spread is aided by declining trust in science and selective social media exposure.

[7.1] World Bank warns record debt levels could put developing countries in crisis — The Guardian

The World Bank warns of a looming crisis as global borrowing costs spike, with debt payments for developing countries hitting $443.5bn in 2022, the highest in four decades. Rising interest rates have heightened debt vulnerabilities, particularly in low and middle-income countries, leading to 18 sovereign defaults in three years. Approximately 60% of low-income countries are at high risk of debt distress. Private capital flows to developing countries have significantly reduced, further exacerbating the crisis.

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