Fed Keeps Interest Rates at 23-Year High
The Federal Reserve on Wednesday, June 12, announced that its benchmark lending rates remain at the current level.
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Linq Raises $6.6 Million to Bring AI to Financial Analysts
Startup Linq raised $6.6 million in investment funds.
Black Semiconductor Raises $273 Million
The company Black Semiconductor, which is based in Germany and develops graphene-based technology for connecting chips, was able to raise investment funds for 254.4 million euros (about $273 million).
US Reportedly Considers Further Restrictions on China’s Access to Chip Technology
The media reported that the administration of the President of the United States Joe Biden is currently considering the possibility of introducing additional restrictive measures regarding the possibility of China’s access to chip technologies.
Apple Shares Hit Record High
The value of Apple securities on Tuesday, June 11, increased by 5%, reaching a new record high of $203 per share.
UK Unemployment Hits 2.5-Year High
In the United Kingdom, unemployment unexpectedly rose, reaching its highest level in more than two and a half years.
Morgan Stanley Says AI Helps Financial Advisers Save Time
Morgan Stanley CEO Ted Pick said that the ability of artificial intelligence to transcribe conversations and categorize them by topic could save financial advisers 10 to 15 hours a week.
Ripple to Drive Blockchain Innovation in Japan and South Korea
The Ripple blockchain company has launched a fund in South Korea and Japan.
UK Tech Bosses Urge Focus on AI Skills in High-Stakes Election
Currently, in the United Kingdom, local executives in the technology area and entrepreneurs declare their desire for the next government of this country to focus on the development of skills related to artificial intelligence and on fiscal measures aimed at providing conditions for the implementation of the economic growth process.
ChatGPT Comes to iOS, iPadOS, and macOS
OpenAI officially announced that ChatGPT capabilities will be integrated into experiences within iOS, iPadOS, and macOS later this year.
AI Startup iGenius Seeks Funding at €1.7 Billion Valuation
Startup iGenius, which operates in the artificial intelligence industry and seeks to compete with OpenAI and other companies developing the mentioned advanced technology, seeks to raise investments worth 650 million euros ($698 million) at a post-money valuation of about 1.7 billion euros.
Fintech Startup Surfin-Meta Actively Uses AI
Surfin-Meta startup, which is based in Singapore, aims to use the capabilities of artificial intelligence to provide services to people in developing countries who are facing a shortage of banking maintenance.
Taiwan’s Technology Sector Overcomes Challenges With AI
In Taiwan, local technology companies, which are currently the world’s largest suppliers of hardware for personal computers and smartphones, demonstrate an optimistic attitude, even though the current configuration of reality in the geopolitical plane is not a kind of platform for positive prospects and not a certain set of facts and circumstances testifying in favor […]
Japan’s GDP Falls
The Japanese economic system was on a downward trajectory in January-March of the current year, but in this case, the pace of decline turned out to be less than the initial expectations for the dynamic of the corresponding indicator due to an upward revision of data on capital spending and inventories.
U.S. Bank Launches Partnership With Greenlight
U.S. Bank has launched a collaboration with Greenlight, which is aimed at improving the level of financial education.
Kraken Reportedly Considers $100 Million Funding Round
The media reports that the Kraken cryptocurrency exchange is currently considering the possibility of conducting a final round of financing before a possible initial public offering (IPO).
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