In the ever-evolving landscape of digital innovation, the concept of the metaverse has garnered significant attention. However, recent data from DappRadar indicates a notable decline in investments within the metaverse sector during the first half of 2023, accounting for a mere 10% of the previous year's corresponding period. In light of this development, the question arises: what lies ahead for metaverse technology? To gain valuable insights into the future of the metaverse, we engage in a conversation with esteemed analyst Akash Girimath. Girimath highlights the current sensitivity surrounding cryptocurrencies, stemming from the US Securities and Exchange Commission's (SEC) recent enforcement actions following the collapse of the FTX exchange. Consequently, investors are approaching the crypto sector with caution, resulting in a reluctance to allocate capital to areas such as the metaverse, smart contracts, decentralized finance (DeFi), and other crypto sectors.   Read more on FXSTREET   FXMAG.COM: Data from DappRadar shows that in the first half of 2023, investments in the metaverse barely accounted for 10% of those in the corresponding half of the previous year. What's next for metaverse technology?   Akash Girimath:  The US Securities and Exchange Commission's (SEC) recent action to enforce power on crypto companies after the collapse of FTX exchange has made crypto a very touchy subject. As a result, investors aren't lining up to spend their capital on areas such as the Metaverse, Smart Contracts, Decentralized Finance (DeFi) or any other crypto sector.   The metaverse technology has potential, but it will need easing macroeconomic conditions and the start of a new bull run in the crypto market to supercharge investments. In the not-so-distant future, I see a marriage between Metaverse and Artificial Intelligence technologies that could birth a new category of projects.

Join us on February 15-16, 2023, in San Francisco, California, for the eighth edition of Deep Learning Summit! This 2-in-1 Summit features access to both the Deep Learning Stage and Enterprise AI Stage. Discover advances in deep learning algorithms and methods from the world's leading innovators. Learn from industry experts in speech & pattern recognition, neural networks, image analysis and NLP. Explore how deep learning will impact healthcare, manufacturing, search & transportation. The summit will showcase the opportunities of advancing trends in deep learning and their impact and successful applications in business. Where do the challenges still lie in research and application? Learn the latest technological advancements & industry trends from a global line-up of experts. A unique opportunity to interact with industry leaders, influential technologists, data scientists & founders leading the AI revolution. Learn from & connect with 200+ industry innovators and regulators sharing best practices and advice to improve regulatory compliance, data strategy, and risk. To register, visit: https://ai-summit-west.re-work.co/register

Germany's Siemens, a manufacturer of technology to automate and digitalise businesses and households by supplying hydraulic, electrical and electronic equipment and household appliances, today reported revenue growth of 27% (year-on-year) and 1% growth between quarters. What happened? This exceeded analysts' expectations of €17.47 billion, reaching €17.87 billion in Q3 (the financial year starts earlier than the calendar year). This growth was mainly attributed to an increase in orders from the areas of business automation and intelligent infrastructure.   "Demand in the European capital goods sector is holding up," commented Barclays last week, following the publication of results from other companies in the sector, such as ABB and Schneider Electric. This was also confirmed by CEO Roland Busch, who said that demand remained strong in the quarter despite an environment affected by sanctions on Russia, high inflation and the ongoing effects of a pandemic. However, it is worth noting that these companies typically operate on long-term contracts and the decline in demand can be noticed after a long delay.    Siemens has a strongly diversified business, not only in terms of products but also in respect of the countries of origin of its customers. However, this may not protect it from the looming recession, which seems to be a problem not only for Europe or the US but for the whole world.    Alarming are, for example, the data of the German manufacturing PMI (Purchasing Managers' Index), which measures the assessment of the economic situation by managers. This index is currently at almost its lowest level in two years. The results in other countries in Europe and America also look similar. Asian economies also appear to be weakening.   Siemens also incurred a net loss of €1.66 billion charge for the write-down of the value of its stake in Siemens Energy, which operated in Russia. In addition, the company estimates that it has incurred additional losses of €0.6 billion due to the actions of the Russian Federation.   Despite high energy prices, Siemens is struggling to make savings from its 35% stake in the turbine and wind energy company. It has had a difficult two years since the spin-off in 2020, with operational problems and losses in the Siemens Gamesa wind turbine division.   Rafał Tworkowski, Junior Market Analyst, Conotoxia Ltd. (Conotoxia investment service)   Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.   Source: Siemens posted its first loss since 2010, yet shares are gaining

What is happening? The CEO of the world's largest electric car company has sold about $8.4 billion worth of Tesla shares over the past week. According to documents provided to regulators, the series of transactions took place between August 5 and 9, 2022, shortly after the August 4 shareholder meeting in Austin. As recently as April of this year, the Tesla and SpaceX CEO wrote that he "has no plans for another stock sale," after divesting a stake worth $8.5 billion to buy Twitter. This is not the first time Elon Musk has confused his public. The businessman seems to frequently abuse his influence, throwing around bold statements and increasing the expectations of his followers. When asked recently if he had stopped selling Tesla, for the time being, he replied "yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock." However, it's hard not to get the impression that the CEO is simply taking advantage of the recent rebound in the share price. It is possible that his goal is not just to finance the deal, but to try to protect his private fortune. Such a major sale of an important shareholder had a significant impact on both Twitter and Tesla's stock price. Elon Musk failure or a smart plan? Twitter rose at the opening by almost 4%, thanks to the increasing likelihood of the deal being finalized, which may have been due to Musk's recent tweet. Most of the news coming out of the courtroom also reinforces analysts' belief that the Tesla CEO will be forced to buy the company. The platform's stock price has gained more than 35% over the past month, with a price target. Tesla, influenced by the news of the sale of a large stake by the most important person in the company, has lost around 7% over the past four sessions. The company itself gained more than 44% from its July 16 bottom to its August 4 peak at the shareholder meeting. Tesla, like many technology companies, has gained significantly from the recent bear market rally. This growth can also be attributed to Tesla's results, in which it beat expectations for earnings per share (EPS) by more than 26%. However, the macroeconomic analysis is rather pessimistic for the electromobility market in the short and midterm. During recessions, companies are usually unable to achieve high expected growth rates by falling consumer demand. More often than not, revenues fall, profits decline, and as a result, stock prices fall as well.   RafaÅ‚ Tworkowski, Junior Market Analyst, Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.   Source: Elon Musk sells nearly 8 million Tesla shares, justifying it by the Twitter lawsuit

DevConf is one of Poland's premier annual conferences dedicated to software development.This year you can join us in DoubleTree by Hilton, Łódź. Our conference is addressed to developers who need to sharpen skills and broaden horizons. Each participant has the opportunity to listen to lectures given by world-class specialists with wide range of expertise.The whole event is divided into two parts:pre-conference workshops happening on 31 Aug 2022 - 1 299PLN netthe conference itself on 1-2 Sept 2022 - 999PLN net (Regular price till the end of July)Long story short - three days of curated content for those hungry for learning and networking.