Latest news with #Greece-like
Time of India
20-05-2025
- Business
- Time of India
Elon Musk's ex-girlfriend Grimes expresses skepticism about Mark Zuckerberg's ability to lead the metaverse; here are the reasons she cited
Grimes, the Canadian artist and ex-girlfriend of tech billionaire Elon Musk, has recently publicly voiced her doubts regarding Meta Platforms CEO Mark Zuckerberg's capability to effectively spearhead the metaverse, as per a report. Grimes Mocks Mark Zuckerberg's Avatar According to Benzinga, her comments were made on a 2022 X (formerly Twitter) post where Grimes, whose legal name is Claire Boucher, shared her doubts regarding Zuckerberg's vision for the virtual reality world. In her X post, she even mocked Zuckerberg's metaverse avatar, criticizing it as 'bad art,' reported Benzinga. Zuckerberg Sees Huge Opportunity in Metaverse Grimes' rant came after Zuckerberg made an appearance on a podcast with host Joe Rogan, where he went ahead and hyped the metaverse as a revolutionary idea that could reap "hundreds of billions of dollars." The Meta CEO is a strong proponent of the metaverse and has described it as a 'massive opportunity', according to Benzinga. ALSO READ: Will the Democrats pause tariffs if they win the next election and return to power? Here's what a Wharton professor says After Meta reported its first-quarter 2025 earnings, the CEO said, 'We're making good progress on AI glasses and Meta AI,' quoted Quartz. He also shared that, 'I think that we're all going to have an AI that we talk to throughout the day,' as quoted in the report. Zuckerberg added, 'Eventually, that'll be on glasses.' Live Events Zuckerberg also said that, 'Glasses are the ideal form factor for both AI and the metaverse. … More than a billion people worldwide wear glasses today, and it seems highly likely that these will become AI glasses over the next five to 10 years,' quoted Quartz. Billions Lost However, Meta's Reality Labs division, which oversees the firm's augmented and virtual reality initiatives, reported a first-quarter operating loss of $2.96 billion on $695 million in revenue, reported Quartz. ALSO READ: Japan, the U.S.'s biggest creditor, faces a Greece-like fiscal crisis as borrowing costs hit a 20-year high; here's how it ended up there FAQs What did Grimes say about Mark Zuckerberg? She expressed skepticism about his ability to lead it effectively and mocked his avatar, as per Benzinga's report. How has Zuckerberg defended the metaverse? He calls it a 'massive opportunity' with the potential to generate hundreds of billions of dollars, as per Benzinga. Economic Times WhatsApp channel )
Time of India
20-05-2025
- Business
- Time of India
Will the Democrats pause tariffs if they win the next election and return to power? Here's what a Wharton professor says
University of Pennsylvania professor Joao Gomes suggests tariffs are likely here to stay, becoming "addictive" for governments due to the revenue they generate. Despite political criticism, Gomes anticipates both Democrats and Republicans will find tariffs appealing. While rates may decrease, a full rollback is unlikely, with potential trade deals offering some optimism. Tired of too many ads? Remove Ads Professor Joao Gomes Says Tariffs Are Here to Stay What's the Future of US Tariff Policies? Tired of too many ads? Remove Ads The Worst May Be Over FAQs While political rhetoric on tariffs has been heated, with Democrats and at times Republicans criticizing at times US president Donald Trump's harsh tariffs, a professor pointed out that eventually both parties will want tariffs and it will continue to stay, as per a of the University of Pennsylvania 's Wharton Business School , Joao Gomes highlighted, "I think the end game is some tariffs are here to stay," adding, "I think they are addictive, they're also addictive for every country in the world," quoted mentioned in the Wharton Business Daily that, "The truth is governments need revenues and once you see the amount of revenue the tariffs bring, I think Democrats will be addicted to them as Republicans—or are as likely to be," as quoted in the READ: Japan, the U.S.'s biggest creditor, faces a Greece-like fiscal crisis as borrowing costs hit a 20-year high; here's how it ended up there While most analysts anticipate tariff rates will slowly come down, Gomes is doubtful that there will be a full rollback and he predicts that tariffs, in some form, will stay, even if the party changes next emphasized that, "So the tariffs are here to stay in some form: 5%, 10% across the board? Targeted? I don't know. But tariffs are definitely not a thing of the past, not a thing of the moment," as quoted by professor shared that, "I'm fairly comfortable that we're gonna be here two, three years out and we'll have a different regime where there's gonna be more, higher tariffs around the world," as quoted in the he also pointed out that the worst is over as countries are trying to seek a deal with the United States. He said, "There'll be some nice trade deals, possible with some of the countries that are really desperate to do business with us—I think India is a really important case in point there—so I am generally optimistic that the worst is over," quoted generate significant revenue, which makes them appealing to governments looking for according to Gomes, both Democrats and Republicans are likely to continue using tariffs due to the revenue they generate.
