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.
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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.
Apple’s AI Push Faces Challenges in China
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.
Bank of England Keeps Interest Rates at 5.25%
Last Thursday, June 20, the Bank of England, during its regular meeting, decided to keep interest rates at 5.25%.
SoftBank CEO Predicts AI to Surpass Significantly Human Mind in 10 Years
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.
Indian Startup Zepto Targets IPO
The Indian startup Zepto, which specializes in carrying out activities to provide grocery delivery services to consumers, is currently preparing to go public.
Fintech Company Pine Labs Reportedly Weighs $1 Billion IPO in India
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 Partners Adyen to Speed Up Payouts for Global SMEs
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.
Target to Roll Out AI Chatbots in US Stores This Summer
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”.
Kaspersky Study Shows That 60% of Passwords Can Be Cracked in Under an Hour
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 Says About Laundering Risk
Singapore has stated that its banking sector poses the highest money laundering risks to the city-state.
AI Video Startup HeyGen Raises $60 Million
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 Releases New AI Model
Anthropic, a startup operating in the artificial intelligence industry, has developed a new AI model.
VC Breega Hits First Close of $75 Million Africa Fund
The Paris-based venture capital firm Breega is setting up a $75 billion fund to invest in early-stage startups in Africa.
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