Apple’s large-scale artificial intelligence push project is facing serious challenges in China, as the authorities of this Asian country adhere to very strict rules regarding the development and distribution of AI.
Last Thursday, June 20, the Bank of England, during its regular meeting, decided to keep interest rates at 5.25%.
SoftBank CEO Masayoshi Son on Friday, June 21, during a rare public appearance, said that artificial intelligence, which in terms of cognitive abilities is 10,000 times greater than the capabilities of the human mind, will emerge, in his opinion, in 10 years.
The Indian startup Zepto, which specializes in carrying out activities to provide grocery delivery services to consumers, is currently preparing to go public.
Pine Labs Pvt, the Asian digital payment provider backed by Peak XV Partners and Mastercard Inc., is currently considering raising about $1 billion in investment funds during an initial public offering (IPO) of shares in India.
SumUp and Adyen established a strategic partnership to provide small and micro merchants in Europe and the UK with faster access to their money and full control over their finances.
American retail giant Target aims to facilitate internal operations in nearly 2,000 stores across the United States with a handy AI assistant called “Store Companion”.
A fresh cybersecurity study from the Kaspersky team revealed alarming results—only 23% of passwords are strong enough, while 45% of real-world passwords could be cracked in less than a minute.
Singapore has stated that its banking sector poses the highest money laundering risks to the city-state.
HeyGen, a startup operating in the artificial intelligence industry, received investment funds for $60 million following the results of the financing round that values the firm at $500 million.
Anthropic, a startup operating in the artificial intelligence industry, has developed a new AI model.
The Paris-based venture capital firm Breega is setting up a $75 billion fund to invest in early-stage startups in Africa.
The Swiss National Bank decided to cut interest rates for the second meeting in a row.
About 60% of employees in Singapore use generative AI (GenAI) tools at work, the highest usage rate globally, alongside Hong Kong.
In May, the United Kingdom’s inflation rate fell back against the Bank of England’s 2% target for the first time in almost three years.
The new AI models from Meta can generate both text and images and detect AI-generated speech within larger audio snippets.
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