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American Banks Lose Nearly $19 Billion in Loans
Finance & Economics

American Banks Lose Nearly $19 Billion in Loans

In the United States, banks in the second quarter of this year reported losses on loans of almost $19 billion.

Amazon Reportedly to Invest in Chipmaker Arm’s Initial Public Offering
News

Amazon Reportedly to Invest in Chipmaker Arm’s Initial Public Offering

The media reported that Amazon is currently negotiating to invest in the initial public offering (IPO) of the chip manufacturer Arm.

John Lewis Launches Google Cloud Partnership
News

John Lewis Launches Google Cloud Partnership

The British company John Lewis announced the beginning of cooperation with Google Cloud.

The Future of Invoice Processing
Fintech & Ecommerce

The Future of Invoice Processing

In the dynamic landscape of business operations, where technology continues to reshape traditional practices, the realm of invoice processing stands on the brink of a remarkable transformation. The once mundane and time-consuming task of managing invoices is undergoing a revolutionary change, driven by cutting-edge technologies and innovative approaches.

AWS to Support Early-Stage Startups
News

AWS to Support Early-Stage Startups

AWS Build is a new global program aimed to support entrepreneurs at early business stages to build, refine, and launch their innovative applications

Aptos & Microsoft Enhance Web3 With AI
News

Aptos & Microsoft Enhance Web3 With AI

Aptos Labs is integrating Microsoft Azure OpenAI Service into its blockchain network to create new web3 builder resources

Federal Reserve Bank of New York Reports Record Americans’ Credit Card Debt
Finance & Economics

Federal Reserve Bank of New York Reports Record Americans’ Credit Card Debt

The indicator of the debt of residents of the United States on credit cards has reached a historical level of more than $1 trillion.

Chinese Export Declines Most in Last Three Years
News

Chinese Export Declines Most in Last Three Years

By the end of July, China recorded a sharper reduction in import and export indicators compared to initial expectations.

Sony Expects Smartphone Market Recovery to 2024
News

Sony Expects Smartphone Market Recovery to 2024

Sony Group, the largest supplier of camera sensors for smartphones, has changed its forecasts regarding the expected timing of the recovery of consumer demand in the market of mobile phones.

NVIDIA Introduces Superchip to Boost AI Capacity
News

NVIDIA Introduces Superchip to Boost AI Capacity

NVIDIA has presented a new chip that can increase the level of performance and speed, for use in generative artificial intelligence and other application scenarios involving computing.

Amazon to Debut Prime Big Deal Days Event in Fall
News

Amazon to Debut Prime Big Deal Days Event in Fall

After the impressive results of Prime Day, Amazon decided to continue the sales events.

Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany
News

Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany

Taiwanese chip manufacturer TSMC on Tuesday, August 8, announced the provision of financing in the amount of $3.8 billion for the construction of a plant in Germany.

Coinbase to Open Its L2 Blockchain to Public
Blockchain & Crypto

Coinbase to Open Its L2 Blockchain to Public

Being already used for bridging, the Base mainnet is to open for everyone and all use cases on August 9

Airtel Africa and Mastercard Launch New Remittance Transfer Service
Fintech & Ecommerce

Airtel Africa and Mastercard Launch New Remittance Transfer Service

The new service can potentially benefit 100 million mobile phone users across the continent

Upstart Shows Record AI Automation in Unsecured Loans
News

Upstart Shows Record AI Automation in Unsecured Loans

Fully automated unsecured loans enabled by Upstart AI technology provide instant and automated approval with no waiting, no documents to upload and no phone calls

Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins
Blockchain & Crypto

Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins

Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries