News - page 105

Fintech & Ecommerce

Janet Yellen Warns AI Risks in Finance

The United States Treasury Department on Thursday, June 6, announced that it is seeking public comments on the assessment of the practice of using artificial intelligence technologies in the financial services industry.

Finance & Economics

ECB Cuts Rates

On Thursday, June 6, the European Central Bank decided to cut interest rates for the first time in five years.

Science & Technology

Nvidia Hits $3 Trillion in Market Value

Nvidia has become one of the main beneficiaries of the so-called artificial intelligence boom, as evidenced by the financial performance of its activities, which continue to set new records.

Science & Technology

ASML to Ship Its $380 Million Machine to TSMC and Samsung

In the current year, ASML Holding NV will ship its latest chipmaking machine to companies such as Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung Electronics.

Science & Technology

Kneron Launches New AI Chips

Kneron startup, which specializes in the development of artificial intelligence chips, launched its next-generation products on Wednesday, June 5.

Finance & Economics

ECB’s Inflation Challenge Resembles Similar US Problem

In the eurozone, the inflationary process has still not returned to the territory of acceptable and favorable indicators, which is why there is currently an increase in fears that the European Central Bank, as part of its movement towards easing monetary policy by cutting interest rates, may face the same problems and obstacles that have […]

Finance & Economics

NYSE and Nasdaq to Get Competition From Texas National Stock Exchange, Backed by BlackRock and Citadel

The Texas Stock Exchange (TXSE) has reportedly secured about $120 million in funding from investors, including BlackRock, the world’s largest asset manager, and Citadel Securities, a market maker.

Blockchain & Crypto

Bitget & Sumsub to Upgrade AI-Powered KYC Verification to Combat Deepfakes

Crypto exchange Bitget aims to protect its 25 million users worldwide from deepfake scams by partnering with Sumsub, a full-cycle KYC verification provider.

Science & Technology

Intel Agrees to Sell 49% of Irish Venture to Apollo

Intel has agreed to implement the deal to sell a stake in a venture that controls a factory located in Ireland.

Finance & Economics

US Job Openings Fall

The number of job openings in the United States in April showed a decrease, which turned out to be more significant than the preliminary expectations for the dynamic of the corresponding indicator.

Blockchain & Crypto

Deutsche Bank to Cooperate With Bitpanda

According to media reports, Deutsche Bank will cooperate with Bitpanda to process customer deposits and withdrawals from clients of the Austrian crypto broker.

Finance & Economics

China’s Factory Activity Growth Reaches 2-Year High

In China, the level of factory activity was recorded in May, which demonstrated the fastest rising pace in about the last two years.

Fintech & Ecommerce

Senangdali & GoodTech to Offer Loan Protection Insurance in the Philippines

The new loan protection insurance product from Senangdali and GoodTech is specifically designed for rural banks in the Philippines.

Fintech & Ecommerce

Alipay+ and Hyundai Department Store Join Marketing Efforts

Alipay+ signed a Memorandum of Understanding (MoU) with Hyundai Department Store to expand customer interaction and strengthen the parties’ global positions.

Finance & Economics

Mainland China Rolls Out New Crackdown on Macau’s Illegal Money Exchanges

Mainland Chinese officials have called for measures to curb the illegal money exchange business at the casino hub in Macau.

Science & Technology

Intel Announces New AI Chips

Intel on Tuesday, June 4, announced new artificial intelligence chips designed for use in data centers.