Swiss National Bank Cuts Rate Again
The Swiss National Bank decided to cut interest rates for the second meeting in a row.
News - page 112
Singapore Ranks №1 Globally in GenAI Work Usage
About 60% of employees in Singapore use generative AI (GenAI) tools at work, the highest usage rate globally, alongside Hong Kong.
UK Inflation Falls to 2%
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.
Meta Releases New AI Research Models
The new AI models from Meta can generate both text and images and detect AI-generated speech within larger audio snippets.
Mexican Fintech Platform Clip Raises $100 Million
The Mexican digital payments and e-commerce platform Clip has announced that it has raised $100 million in financing.
Ant International Unveils MSME Digital Lending Service Bettr
bettr platform by Ant International aims to make financing simpler and more accessible for micro and small businesses (MSMEs) in select markets.
Fintech Zilch Taps Deutsche Bank to Raise £100 Million Debt
Fintech company Zilch Technology Ltd., which is based in the United Kingdom, raised 100 million pounds ($127 million) as part of the deal on securitized debt financing.
Ukraine Ranks 2nd Among the Countries With Most AI Startups in Central and Eastern Europe
Ukraine is home to over 240 companies that deal with artificial intelligence (AI), while the number of AI professionals has grown fivefold over the last decade.
Nvidia Surpasses Microsoft as World’s Most Valuable Company
Nvidia, the main beneficiary of the ongoing scaling process of the so-called artificial intelligence boom on Wall Street, has become the most valuable company in the world.
CuspAI Raises $30 Million
CuspAI, a company based in Cambridge, United Kingdom, was able to secure $30 million.
Crypto Startup Funding Hits $100 Billion
Startups operating in the cryptocurrency industry have been able to raise more than $100 billion in venture funding since the founding of this sphere of activity.
Kfund Raises $75 Million
The Spanish venture capital company Kfund reported that it managed to raise $75 million in investment funds.
IFC and EPIC Group Partner to Support Sustainable Textile Manufacturing in Bangladesh and India
The International Finance Corporation (IFC) partnered with EPIC Group, a leading player in the global apparel industry and a sustainable fashion company, to help finance its green capital expenditure program and support sustainable textile facility expansion in Bangladesh and India.
Instacart Introduces YouTube Shoppable Ads for CPG Brands
Instacart is extending its first-party retail media data to YouTube, offering more shoppable ad opportunities for its consumer packaged goods (CPG) advertisers.
Stripe Plans to Let Employees Cash Out Shares
Stripe fintech company intends to provide its employees with the opportunity to cash out some of their shares.
India’s AI Aspirations Raise Multibillion Investments
Currently, India is striving to develop as a kind of technological center and is making concrete efforts in a practical dimension aimed at achieving the corresponding goal, which already has certain results in the form of investments from companies belonging to the Big Tech category from abroad.
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