Amazon to Invest in France
Amazon on Monday, May 13, announced plans to invest more than 1.2 billion euros ($1.3 billion) in its operations in France.
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SoftBank to Intensify Its Activity in AI Industry
SoftBank Group Corp. has plans to begin implementing a more aggressive strategy in the artificial intelligence industry and other spheres of activity.
Chris Skinner’s Ramses Startup Expands to Egypt and Sudan
American fintech marketplace Ramses has Chris Skinner joining as a founding partner as it prepares to launch its business in Egypt and Sudan.
Microsoft to Invest €4 Billion in France
Microsoft intends to invest €4 billion ($4.3 billion) to build cloud and artificial intelligence infrastructure in France.
Chinese Employees Cash Out CBDC Due to Lack of Utility
Although many state Chinese workers receive their salaries in “e-CNY” CBDC aka digital yuan, survey shows they seldom have chances to use it and often convert it all to physical cash.
Apple & OpenAI Finalizing ChatGPT iPhone Integration Deal
ChatGPT is expected to be integrated into Apple’s next operating software update, iOS 18, if the deal is finally sealed.
Mastercard Launches Domestic Payments Processing in China
Mastercard, having established a joint venture, has started domestic payment processing activities in China.
Porch Group Reportedly Sues China Construction Bank
Media reports that the Porch Group, a United States-based homeowner’s insurance company and provider of home inspection software, has sued China Construction Bank, accusing this financial institution of reinsurance fraud.
Uber Reports First-Quarter Results
Uber has released data on its financial results for the first quarter of the current year.
UK Economy Escapes Recession
The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.
Alibaba Launches New Version of Its Large Language Model
Last Thursday, May 9, China’s Alibaba Cloud announced the launch of a new version of its large language model.
Snapchat Focuses on App Safe
Snapchat owner Snap Inc. intends to take responsibility for the user experience in its app, including in the context of ensuring the safety of children.
OpenAI Reportedly Plans to Announce Google Search Competitor
The media, citing two insiders, reported that OpenAI is currently completing preparations for the debut of its new product, which is an artificial intelligence-based Internet search system.
Egyptian Financial Platform Swypex Launches Upon $4M Investment
Swypex has secured a $4 million seed investment round, led by the renowned venture capital fund Accel.
Starknet Blockchain to Employ AI agents for Autonomous On-Chain Activity
Autonomous AI bots on Starknet will be able to perform on-chain activities for users, such as optimizing yield and re-allocating portfolios.
MENAP-Based Fintech ABHI Expands to Saudi Arabia
An emerging fintech operator, ABHI, with established operations in Pakistan and UAE, has expanded its business to the Kingdom of Saudi Arabia through a partnership with Alraedah Digital Solutions.
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