Monzo Reports First Profitable Year
Neobank Monzo has recorded the first profitable year in its entire history, as a result of which this virtual lender, relying on positive financial indicators, is now planning to scale up its activities.
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AMD Announces New AI Chips
Advanced Micro Devices (AMD) is intensifying the process of developing new artificial intelligence processors to improve its competitiveness in the fast-growing and more than the promising market for corresponding products, where Nvidia currently holds an unambiguous leadership position, being the main beneficiary of the high-level of demand for chips necessary for training and ensuring the […]
Amazon Launches AI-Powered Search for Fire TV
Amazon Fire TV gets a new AI-enhanced search that enables viewers to find personalized TV shows and movie recommendations using natural language.
Apple to Empower Siri With AI for Advanced Voice Control
Apple will boost its virtual assistant Siri with the most advanced AI to enable its customers to control individual app functions with their voice.
OpenAI Enhances Accessibility for Nonprofits
The new initiative includes discounted rates for the ChatGPT Team and Enterprise OpenAI products available exclusively for nonprofits.
Fitch Upgrades Ireland’s Credit Rating
Fitch upgraded Ireland’s rating, which was another evidence of the country’s advancement after the European Union provided its financial assistance 14 years ago.
Dell Reports First-Quarter Earnings
Dell has released information on its financial results for the first quarter of fiscal year 2025.
Nvidia Approaches to Overtake Apple as World’s Second-Most Valuable Company
In the foreseeable future, Nvidia may surpass Apple and become the second most valuable company in the world.
India’s Economy Demonstrates Growth
India’s economy grew by more than 8% in the fiscal year that ended in March.
Euro-Area Inflation Accelerates
In the eurozone, an acceleration in the rate of inflation was recorded, which exceeded preliminary expectations regarding the dynamic of this process.
Bank of America CEO Says About US Consumers and Businesses Cautious on Spending
Brian Moynihan, Chief Executive Officer of Bank of America, said that currently in the United States, consumers and businesses are following an approach in the framework of spending planning, the main priority of which is caution.
Visa Launches AI-Powered Fraud Detection Service in UK
Visa has launched a real-time artificial intelligence-based fraud detection service in the United Kingdom.
Goldman Sachs Alternatives Raises Loan Partners Fund
Goldman Sachs Alternatives has raised more than $20 billion for direct lending to large clients.
Mastercard Presents P2P Pilot for Crypto Credential Tool
Mastercard has presented a milestone update for its cryptographic credential tool.
JPMorgan CEO Forecasts Problems in Private Credit Market
JPMorgan Chase & Co. chief executive officer Jamie Dimon said he expected problems with the private credit market.
Wells Fargo CEO Says About Significant Investment-Bank Opportunity
Wells Fargo & Co. Chief Executive Officer Charlie Scharf said that his financial institution in a very target way expanding its corporate segment of investment banking services.
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