Fitness app Strava has updated its API terms, restricting third-party apps from showing data and from using data to train AI models. The policy goes into effect on November 11, though Strava didn’t share the new terms until November 15. Strava announced that data about a user’s activity will now only be shown to that…
Arch Linux will use a license for package sources for the first time. The so-called 0BSD license, also known as the Zero-Clause BSD License, allows users to use material without attribution for their projects. Arch Linux states in an announcement that it is “potentially problematic” that no official license was ever used for package sources,…
Nvidia’s revenues rose significantly again in the third fiscal quarter of this year due to the sale of AI chips. Compared to the same period a year earlier, this is a growth of 94 percent. The expectation is that the development will be less rapid. Nvidia’s revenue in the third quarter of this year was…
The amount at risk is essential for insurance and banking. It means two different but related things, depending on whether you discuss insurance policies or loans. Amount at Risk in Insurance When we’re talking about insurance, the amount at risk means whichever of these two numbers is smaller: So, let’s say a business bought fire…
Amortization is a way to reduce the value of something over time slowly. This “something” could be money that a person or company owes, which is called a liability, or something valuable that a person or company owns, which is called an asset. The word “amortization” sounds fancy, but it just means spreading the value…
An American Depository Receipt, or ADR for short, is a piece of paper representing shares of a non-US company. It allows people in the United States to buy shares in foreign companies without complicated hassles. Here’s how it works: A US bank buys many shares in a foreign company. The bank then issues ADRs for…
An all-share index measures the performance of a whole stock market. It includes the prices of almost all the stocks traded on that market. You can think of an index as a big basket. The basket holds a little bit of every company in the stock market. Some companies are big, so they take up…
Alternative Risk Transfer, or ART for short, is a fancy way of saying there are different ways to handle risk besides regular insurance. Risk is the chance that something terrible might happen. Insurance companies constantly deal with risk—their job—but sometimes, they want to share that risk with others. Sharing risk between insurance and financial markets…
An All-Risk Policy is insurance covering your stuff from almost any bad thing that could happen, except for a few specific things the insurance company says it won’t cover. It’s also called “All-Risks Coverage.” It’s different from a “Named Peril Policy,” which only covers your things for bad events that are specifically listed. How All…
Companies sell new stocks or bonds through all-or-none underwriting. They hire a group of investment banks called a syndicate to help them. The banks in the syndicate work together to sell all of the new securities to investors. How it Works Here’s how all-or-none underwriting usually goes: So, in all-or-none underwriting, it’s all or nothing….
