Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.
Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.
OpenAI is currently preparing to launch a new model of artificial intelligence, which, according to this startup, is capable of more advanced reasoning, similar to the human paradigm of thinking.
Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.
Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.
Chargeback management company Justt raised a $30 million investment to bolster its platform powered by artificial intelligence.
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
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Visa has officially completed its acquisition of Featurespace, a company specialising in real-time artificial intelligence (AI) technology for payment protection, announced in September.
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
Accenture on Thursday, December 19, released a report on its earnings for the first quarter of fiscal 2025, which exceeded Wall Street’s preliminary expectations regarding this company’s revenue and profit for the mentioned period.
The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.
The Hong Kong Monetary Authority (HKMA) has picked ten banks and four technology partners to participate in a project to test several use cases for generative artificial intelligence in the financial services sector.
The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.
In the current year, the total amount of funds stolen as a result of hacker attacks on cryptocurrency platforms reached $2.2 billion.
The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.
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