Microsoft Reports Quarterly Earnings
Microsoft has released data on its financial results for the last fiscal quarter, which exceeded analysts’ preliminary expectations.
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CEOs of OpenAI, Google and Microsoft to Join Federal AI Safety Panel
The United States government has asked companies operating in the artificial intelligence industry for advice on how to use advanced technology to protect utilities, airlines, and other critical infrastructure from hacker attacks applying AI.
Alphabet’s Value Exceeds $2 Trillion Mark
The market capitalization indicator of Alphabet Inc. on Friday, April 26, significantly exceeded the historical mark of $2 trillion.
Elon Musk’s xAI Reportedly Close to Raising $6 Billion
The media reports that Elon Musk’s startup xAI, which operates in the sphere of artificial intelligence, is close to raising funds for $6 billion from investors.
Intel Shares Fall Due to Weak PC Chip Demand
Intel’s share price on Friday, April 26, at the premarket showed a significant decline of more than 7% after the company’s pessimistic sales forecast for the second quarter of 2024 testified that the so-called artificial intelligence boom reduces consumer spending on microcircuit for traditional data centers and computer chips.
Banking-as-a-Service Platform Revenue to Reach $94 Billion Globally by 2028
A new study from Juniper Research forecasts that global BaaS (Banking-as-a-Service) platform revenue will grow by 158% by 2028.
Chinese Companies Boost Investing Abroad
Chinese companies are currently actively increasing investments in their business development in other countries, as a result of which the indicator of corresponding financial injections is approaching the mark equivalent to an eight-year high.
Square Merchants Can Convert 1%-10% of Sales to Bitcoin via Cash App
Square merchants can now allocate a portion of their daily sales to Bitcoin, with an on-demand payouts feature via CashApp.
Stripe Returns Crypto Payments With USDC Stablecoin
After the company postponed BTC transactions in 2018, Stripe is ready to bring back a crypto payment option in the form of stablecoin transfers this summer.
Airwallex Expands to U.S.
U.S. businesses can now use Airwallex to accept cards, mobile wallets, and local payment methods for cross-border transactions.
Nvidia to Acquire Israeli Startup Run:ai
AI workload management and orchestration software provider Run:ai has fruitfully collaborated with Nvidia since 2020.
Amazon to Invest $11 Billion in Indiana
Amazon.com ‘s cloud computing unit has announced plans to invest $11 billion in projects to build data centers in Indiana.
Microsoft-Backed Rubrik Shares Increase 25%
Rubrik Inc. securities rose in price by 25% during the trading debut after this startup specializing in the development of solutions for cloud security and data protection, backed by Microsoft, was able to raise $752 million in the initial public offering (IPO) of shares.
EU Approves Due Diligence Obligations For Crypto Companies Under MiCA
According to the new EU laws, crypto asset managers will be required to conduct due diligence measures and identity checks and report any suspicious activities to authorities.
BNP Paribas First-Quarter Profit Beats Forecasts
BNP Paribas Bank on Thursday, April 25, released earnings data for the first quarter of 2024, which exceeded preliminary expectations.
South Korea Q1 GDP Growth Exceeds Estimates
South Korea’s economy showed growth in the first quarter of 2024, which turned out to be the fastest in more than two years.
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