News - page 10

Science & Technology

OpenAI Reportedly Dissolves Safety Team

OpenAI decided to disband its team of specialists, which dealt with issues related to long-term risks arising from the use of artificial intelligence.

Fintech & Ecommerce

Tassat and Glasstower Collaborate on B2B Payments for Multinational Corporations

Tassat Group and Glasstower Digital announced the beginning of cooperation to facilitate the procedure for making cross-border digital B2B payments.

Fintech & Ecommerce

Dwolla and Visa Collaborate on Account Verification for Pay-by-Bank

Dwolla and Visa announced a joint effort to simplify the process for medium and large businesses to use the pay-by-bank system to make payments and receive transactions of the corresponding category.

Fintech & Ecommerce

Aeropay Raises $20 Million

Aeropay, which specializes in the implementation of activities in the digital payments area, announced that it has managed to raise new financing for $20 million.

Fintech & Ecommerce

Avidbank Taps CorServ to Roll Out New Commercial Credit Card Program

Avidbank, based in California, has asked CorServ, which is located in Georgia, for assistance in launching a new credit card program for commercial customers of a financial institution.

Science & Technology

Baidu Revenue Grows

Baidu Inc.’s revenue for the first quarter of 2024 showed the slowest growth rate in more than a year.

Science & Technology

Dell Shares Rise

Last Wednesday, May 15, Dell shares rose by more than 11% after Morgan Stanley raised its price target and released a forecast that this technology company, based in Round Rock, Texas, will increase sales in the foreseeable future amid high demand for artificial intelligence servers.

Finance & Economics

Dow Crosses 40,000

On the morning of Thursday, May 16, the Dow Jones index crossed the 40,000-point mark for the first time in its history.

Science & Technology

Bipartisan Group of US Senators Unveil Plan to Control AI

The federal legislation of the United States aimed at regulating the artificial intelligence industry has become closer to the current technological reality after on Wednesday, May 15, Senate Majority Leader Chuck Schumer, along with a bipartisan trio of senators, announced work on an extensive action plan that will become a kind of concept for congressional […]

Fintech & Ecommerce

Seamless Middle East 2024 Conference (Dubai): Photo Report

Seamless Middle East 2024 (Free Middle East 2024) is the 24th conference held at the Dubai World Trade Center. It brings together entrepreneurs from all over the world under one roof. We have a photo report from the scene. This year’s event, which will last three busy days (from May 14 to 16), gathered more than 25,000 […]

Finance & Economics

Japan’s Economy Contracts

During the first quarter of the current year, Japan’s economy contracted.

Finance & Economics

US Inflation Slows

In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.

Finance & Economics

JPMorgan CEO Urges United States to Deal With Deficit

JPMorgan CEO Jamie Dimon on Wednesday, May 15, called on the leadership of the United States to reduce the fiscal deficit as soon as possible, noting that over time the relevant problem will become more difficult in terms of opportunities and prospects for its successful solution.

Science & Technology

AWS Plans to Invest $8.4 Billion in Germany

Amazon Web Services (AWS) on Wednesday, May 15, announced its intention to invest 7.8 billion euros ($8.44 billion) in Germany.

Science & Technology

Chinese Companies Make Headway in Manufacturing High Bandwidth Memory

The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.

Fintech & Ecommerce

ECB Says About Need of New Rules for AI’s Use in Finance

The process of introducing and using artificial intelligence in the functional environment of financial services is currently at an early stage in terms of prevalence and does not belong to the category of generally accepted or widespread practice, but needs monitoring and possibly regulation to prevent potential harm to consumers and ensure conditions for proper […]