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European companies in China are finding it harder to make money as growth slows and overcapacity pressures increase, according to a new survey by the EU Chamber of Commerce in China.
⏲ 1:53 👁 16.5M
WNIE TV
⏲ 4 minutes 27 seconds 👁 35
The Things Network
⏲ 8 minutes 15 seconds 👁 34
When a woman who once bore the title “Financial Applications Product Owner II” at an insurance company, starts a TikTok with “this is the sketchiest thing I’m doing to make extra money,” you might think she’s playing it up for drama. But Amber Smith, a 27-year-old from Des Moines, Iowa with an MBA, is dead serious. She’s swapped insurance for the influencer business (focusing her content on reselling clothes), and she’s been picking up $40 here and there with a scheme that sounds pretty shady.<br/><br/>“I’ve started selling tradelines on my credit cards,” Smith says in the video that has since garnered millions of views across the social mediasphere. “Essentially what this is, is if a person has bad credit, but they know that they need to get a mortgage or a car loan or something, they pay money to this website,” she says, referring to Tradeline Supply Company, a San Diego based broker. “This website matches them up with me based on what they’re looking for and I add them as an authorized user to my credit card.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/05/07/this-company-wants-you-to-rent-your-credit-history/?sh=58ff759f20e5<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 5:15 👁 1.9M
thyssenkrupp Uhde
⏲ 4 minutes 38 seconds 👁 59.9K
McilvaineCompany
⏲ 13 minutes 14 seconds 👁 1.3K
One of the biggest expenses in geothermal power is finding the right spot to dig. Utah-based Zanskar thinks its big data and machine learning platform can help.<br/><br/>0:00 Introduction<br/>0:29 Unlocking The Power Of Geothermal Energy<br/>1:58 How is Zanskar Using AI?<br/>4:43 Why Millions Of Dollars Pouring Into Geothermal Power<br/>8:41 How Much Money AI Could Save Producers<br/>9:28 What's Next For Zanskar?<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/alexknapp/2024/05/06/how-ai-could-unlock-a-ton-of-this-promising-renewable-energy/?sh=510e077e6bb9<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 10:28 👁 165K
Honeywell
⏲ 1 minute 32 seconds 👁 207K
Wärtsilä Corporation
⏲ 1 minute 48 seconds 👁 1K
European companies operating in China face increasing pressure as China's economic growth slows down and overcapacity issues rise. Profits margins for European firms in China are at an 8-year low, with only 30% reporting higher profits than their global average. The slowing real estate sector and geopolitical tensions have contributed to China's economic downturn. Overcapacity is a major issue, especially in industries like construction, automotive, and engineering. It has led to price drops. Getting paid on time by Chinese clients is also a growing challenge as it became more difficult to enforce contracts versus the prior year.
⏲ 0:46 👁 470K
Ilya Sutskever, co-founder and chief scientist of OpenAI, is officially leaving the company. Sam Altman, CEO of OpenAI, announced Sutskever's departure and thanked him for his contributions to founding OpenAI and advancing its mission. Jakub Pachocki, director of research at OpenAI, will replace Sutskever as chief scientist. Sutskever said he would be working on a personally meaningful project, which he would announce details on later. Sutskever was involved in a failed coup last year to remove Sam Altman from his role at OpenAI.
⏲ 0:34 👁 100K
Microsoft committed over $4 billion to expand its cloud and AI infrastructure in France, including funding for AI skills training and support for French tech startups. The tech giant will bring up to 25,000 advanced GPUs to France by 2025 and open a new data center in Mulhouse. Amazon committed over $1 billion to France, which will create over 3,000 new jobs and increase its presence in the country. France reportedly secured a record $16 billion in commitments from foreign companies at its annual investment summit.
⏲ 0:35 👁 210K
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