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.
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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.
Swiss National Bank Cuts Rate Again
The Swiss National Bank decided to cut interest rates for the second meeting in a row.
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.
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