News - page 113

Blockchain & Crypto

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.

Science & Technology

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.

Fintech & Ecommerce

Mastercard Launches Domestic Payments Processing in China

Mastercard, having established a joint venture, has started domestic payment processing activities in China.

Society & Lifestyle

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.

Finance & Economics

Uber Reports First-Quarter Results

Uber has released data on its financial results for the first quarter of the current year.

Finance & Economics

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.

Science & Technology

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.

Science & Technology

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.

Science & Technology

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.

Fintech & Ecommerce

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.

Blockchain & Crypto

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.

Fintech & Ecommerce

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.

Fintech & Ecommerce

American Express Rolls Out Business Card for Nigerian Users

American Express is launching a business credit card in Nigeria.

Science & Technology

Apple to Power AI Tools With Its Server Chips This Year

The media, citing insiders, reported that this year Apple Inc. will introduce some of its new artificial intelligence features in data centers equipped with its own in-house processors.

Science & Technology

Generative AI Accelerates Human-Like Robot Development

Artificial intelligence, existing in forms similar to OpenAI’s ChatGPT, brings a new configuration of technological reality closer to full-fledged and large-scale materialization, in which humanoid robots are what correspond to the concept of an ordinary phenomenon.

Science & Technology

Big Tech Companies Consume Lot of Data to Win in AI

Currently, large technology companies are demonstrating what can be described as super-intensive data consumption, as part of their desire to become winners in the so-called race for artificial intelligence, which has become one of the main processes in the space of digital reality, which is increasingly integrated with life realized offline, and largely determines the […]