Enterprise Cloud Infrastructure Spending Surges to $84B
In Q3 2024, global enterprise spending on cloud infrastructure services was $84 billion, up 23% from the same period in 2023, with generative AI driving the market acceleration.
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US Manufacturing Demonstrates Decline
In October, the United States recorded a decrease in the level of manufacturing activity to a reading that is a 15-month low.
Visa Reportedly Uses More Than 500 Gen AI Apps
The media published information according to which the payment industry giant Visa currently uses more than 500 apps based on generative artificial intelligence.
US Unemployment Rate Demonstrates Resilience
In the United States, job growth almost stalled last month.
Amazon Reports Q3 Earnings
Amazon on last Thursday, October 31, released information about its earnings in the third quarter of the current year, which exceeded analysts’ preliminary expectations in large part due to the growth of the company’s business in the areas of cloud computing and advertising.
South Korean Export Growth Slows
In South Korea, a slowdown in the export dynamic was recorded last month.
Amazon Introduces New Virtual Holiday Shop
Holiday shopping has just become easier and more fun with a new virtual holiday shop by Amazon.
Klarna and Zoom Launch Flexible Payments in 16 Markets
Klarna and Zoom have launched flexible payment options for Zoom Workplace subscriptions to make digital collaboration more accessible.
Financial Institutions Increasingly Use Alternative Credit Data to Assess Consumer Creditworthiness
LexisNexis Risk Solutions research reveals that as traditional credit data provides less visibility into consumer risk, financial institutions worldwide increasingly leverage alternative data in the consumer lending process.
How to Appeal to Gen Z With Your Fintech Solution
Gen Z is gradually emerging as a major influential power in the e-commerce sector. Although Gen X still remains the biggest spender, Zoomers are expected to display the fastest spending power growth in the next 10 years. Here is how to cater to this increasingly important consumer category with a suitable fintech solution.
Colombia Cuts Key Rate
The central bank of Colombia has ignored calls to intensify the process of cutting interest rates.
US to Invest $825 Million in New York Semiconductor R&D Facility
The administration of the President of the United States Joe Biden on Thursday, October 31, announced investments in the amount of $825 million in the implementation of a project of a new semiconductor research and development facility in Albany, New York.
Microsoft Reports Earnings
Microsoft last Wednesday, October 30, released information about its earnings for the first fiscal quarter.
OpenAI Launches ChatGPT Search
OpenAI on Thursday, October 31, launched a search feature in its chatbot called ChatGPT.
Key Fed Inflation Rate Hits 2.1%
In the United States, inflation showed moderate growth in September and approached the Federal Reserve’s target of 2%.
Halloween Sales to Drop and Become Spread Out in 2024
Halloween consumer shopping patterns are changing, with holiday sales expected to fall by $600 million from the record-high figures of 2023.
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