News - page 110

Science & Technology

Security Company iVerify Raises $12 Million

Security company iVerify raised $12 million for its endpoint detection and response (EDR) solution.

Science & Technology

Nvidia CEO Says About Rising Competition

Nvidia chief executive officer Jensen Huang last Wednesday, June 26, said that the current significant advantage of this company in the area of chips for artificial intelligence systems was achieved as a result of a bet made more than ten years ago, based on investments in AI worth billions of dollars and a team of […]

Fintech & Ecommerce

Amazon Hits $2 Trillion in Value

Amazon.com Inc. has reached a market capitalization of $2 trillion for the first time in its history.

Science & Technology

South Korea Kicks Off $19 Billion of Chip Loans

South Korea will start providing financial aid to chip manufacturers in July.

Science & Technology

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.

Fintech & Ecommerce

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.

Finance & Economics

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.

Science & Technology

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.

Fintech & Ecommerce

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.

Science & 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.

Science & Technology

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.

Fintech & Ecommerce

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.

Science & Technology

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.

Science & Technology

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.

Fintech & Ecommerce

Verituity Raises $18.8 Million

Verituity raised $18.8 million to support the growth of its B2B and B2C verified payments platform.

Finance & Economics

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.