South Korea Kicks Off $19 Billion of Chip Loans
South Korea will start providing financial aid to chip manufacturers in July.
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Malaysia Gains Chinese Investors to Build More Data Centers
Malaysian Economy Minister Rafizi Ramli said that the country’s leadership is currently negotiating with potential investors from China about their possible participation in data center construction projects.
SaaS Company Payabli Raises $20 Million
Payabli, which specializes in developing a payment infrastructure solution, was able to raise $20 million in investment funds as part of a Series A financing round.
ECB’s Olli Rehn Sees Bets for Two More Cuts in 2024 as Reasonable
Expectations that the European Central Bank will adjust the current configuration of its monetary policy twice more this year by lowering the cost of borrowing are fair, according to Governing Council member of the financial institution Olli Rehn.
OpenAI Reportedly Plans to Block China Access to AI Tools
The media reported that OpenAI is taking additional measures to restrict China’s access to artificial intelligence software.
BIS Says AI Challenges Central Banks
The Bank for International Settlements shared its opinion and vision of how financial institutions, primarily those of these organizations that have the status of state regulators, should respond to the active spread of artificial intelligence and interact with this advanced technology.
Microsoft Faces Mega Fine in EU
On Tuesday, June 25, European Union officials said that Microsoft had violated the antitrust laws of this block of countries as part of its practice of bundling Teams with other popular apps of the technology giant for business.
Huawei Makes Progress in Its Recovery
Huawei is currently going through one of the most iconic and remarkable periods not only in its history but also in the history of the high-tech industry.
Pismo Activates Ledger Update
Pismo, a global cloud-native provider of core banking services and bank card processing, has announced that a significant upgrade has been made to its authorization engine.
China Considers Countermeasures After US Intention to Curb Outbound Tech Investment
The Chinese Ministry of Commerce made harsh statements to the United States after it became known that Washington plans to impose restrictions on investments in the high-tech sector intended for Beijing.
ByteDance & Broadcom Work on Advanced AI Chip
TikTok parent company, ByteDance, has partnered with American semiconductor and software provider Broadcom to develop a high-end AI chip, addressing the issues with U.S. export control.
Verituity Raises $18.8 Million
Verituity raised $18.8 million to support the growth of its B2B and B2C verified payments platform.
German Business Expectations Fall
Germany’s business outlook showed a deterioration for the first time in five months, a sign that Europe’s largest economic system is facing various difficulties and obstacles on its way to recovery.
Apple and Meta Reportedly Discuss AI Collaboration
The media reported that Apple held talks with Meta on the issue of cooperation in the area of artificial intelligence.
Quant Mutual Fund Faces SEBI Front-Running Probe
India’s first dedicated, direct-to-investor mutual fund, Quant Mutual Fund, is being investigated by the Securities and Exchange Board of India (SEBI) over alleged front-running practices.
OpenAI Buys Enterprise Startup
OpenAI has bought Rockset, a startup that specializes in enterprise search and analytics.
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