News - page 111

Finance & Economics

Dow Crosses 40,000

On the morning of Thursday, May 16, the Dow Jones index crossed the 40,000-point mark for the first time in its history.

Science & Technology

Bipartisan Group of US Senators Unveil Plan to Control AI

The federal legislation of the United States aimed at regulating the artificial intelligence industry has become closer to the current technological reality after on Wednesday, May 15, Senate Majority Leader Chuck Schumer, along with a bipartisan trio of senators, announced work on an extensive action plan that will become a kind of concept for congressional […]

Fintech & Ecommerce

Seamless Middle East 2024 Conference (Dubai): Photo Report

Seamless Middle East 2024 (Free Middle East 2024) is the 24th conference held at the Dubai World Trade Center. It brings together entrepreneurs from all over the world under one roof. We have a photo report from the scene. This year’s event, which will last three busy days (from May 14 to 16), gathered more than 25,000 […]

Finance & Economics

Japan’s Economy Contracts

During the first quarter of the current year, Japan’s economy contracted.

Finance & Economics

US Inflation Slows

In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.

Finance & Economics

JPMorgan CEO Urges United States to Deal With Deficit

JPMorgan CEO Jamie Dimon on Wednesday, May 15, called on the leadership of the United States to reduce the fiscal deficit as soon as possible, noting that over time the relevant problem will become more difficult in terms of opportunities and prospects for its successful solution.

Science & Technology

AWS Plans to Invest $8.4 Billion in Germany

Amazon Web Services (AWS) on Wednesday, May 15, announced its intention to invest 7.8 billion euros ($8.44 billion) in Germany.

Science & Technology

Chinese Companies Make Headway in Manufacturing High Bandwidth Memory

The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.

Fintech & Ecommerce

ECB Says About Need of New Rules for AI’s Use in Finance

The process of introducing and using artificial intelligence in the functional environment of financial services is currently at an early stage in terms of prevalence and does not belong to the category of generally accepted or widespread practice, but needs monitoring and possibly regulation to prevent potential harm to consumers and ensure conditions for proper […]

Finance & Economics

Experts Expect US Inflation Data to Show Some Positive for Fed

Experts predict that the monthly report on consumer prices in the United States will show a decrease in the level of inflationary pressure in this country as a result of April.

Fintech & Ecommerce

Klarna’s Internal AI Assistant Answers 2,000 Employee Questions Daily

The Swedish fintech company Klarna reported that its internal digital assistant, operating based on artificial intelligence, called Kiki, answers 2,000 questions from employees daily and has already generated information materials for more than 250,000 requests since June when the corresponding virtual product was launched.

Finance & Economics

Alibaba Reports Quarterly Earnings

The Chinese company Alibaba on Tuesday, May 14, released data on the financial results of its activities in the fourth fiscal quarter.

Science & Technology

Apple Reportedly Plans to Sell Vision Pro Outside US

Media reports that Apple has begun preparations to launch sales of the Vision Pro mixed-reality headset outside the United States.

Science & Technology

OpenAI Launches GPT-4o

OpenAI has launched a faster and cheaper version of its artificial intelligence model, based on which the chatbot ChatGPT functions.

Finance & Economics

China Credit Engine Goes Into Reverse

A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.

Fintech & Ecommerce

Chinese E-Commerce Giants Face Unstable Balance Between Discounts and Profit

Alibaba’s quarterly reports will be published this week and JD.com, Chinese e-commerce giants whose performance is a kind of indicator of the condition of the world’s second-largest economy, especially in the context of reflecting the sentiment prevailing in the local consumer environment.