Canada Institutional Investors Increase Crypto Exposure to 39%
In 2023, institutional investors in Canada expanded their exposure to crypto assets, with 39% of KPMG survey respondents dealing with the asset class in some way.
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Switzerland Says About UBS’s Likely Need for Money
A year after the bankruptcy of Credit Suisse, the Swiss government announced the likelihood that UBS would have to find up to $27 billion to absorb potential losses and prevent a banking collapse, which could be a very sensitive event for the country’s financial system.
SK Hynix Plans Chip Production Expansion
SK Hynix Inc. intends to spend about $14.6 billion on the construction of a complex for the production of memory chips in South Korea.
Square Expands Offline Payments
Square has announced the expansion of offline payments for all hardware devices in each country.
Mastercard Improves AI-Driven Fraud Defense
Mastercard is launching a partnership approach based on artificial intelligence to detect and prevent fraudulent activities involving the use of personal data and payments before the operations of criminals transform into victimizing consumers.
Bitcoin Mining Energy to Heat Homes in Finland
A new project in Finland is utilising energy generated while Bitcoin mining to power local heating facilities.
SoftBank Reportedly to Invest Nearly $1 Billion in AI Push
The Japanese technology conglomerate SoftBank intends to develop a generative artificial intelligence model for the Japanese language.
Apple Announces Plans for Special Event on May
Apple Inc. announced its intention to hold a special event on May 7.
Perplexity AI Raises About $63 Million
Perplexity AI, a startup developing an artificial intelligence-based Internet search system capable of fully competing with Google, was able to raise investments worth about $63 million as part of a new round of financing.
Apple’s Q1 Smartphone Sales in China Demonstrate Decline
In the first quarter of 2024, sales of Apple Inc.’s iPhone significantly decreased in the Chinese smartphone market.
Payflows Raises $26 Million
French fintech company Payflows has announced that it has managed to raise $26 million in investment funds for its all-in-one platform for financial teams.
Verafin Launches AI Copilot
Verafin has announced the addition of an artificial intelligence copilot to its suite of solutions for combating financial crimes.
Rippling Announces New Fundraising
Rippling, the workforce management platform that unifies HR, IT, finance, and more, announced on Monday, April 22, that it has managed to raise new funding for $200 million.
Alphabet’s Cash Boom Stimulates Dividend Hopes on Wall Street
Alphabet Inc. receives so much cash that against this background, hopes are growing that it will be able to take the page out of the playbook of Meta Platforms Inc. and start paying dividends.
TikTok Says About Potential Consequences of Banning Platform in US
TikTok stated that the ban on this virtual platform in the United States would be a factor in hurting freedom of speech and harming local businesses.
China’s Q1 Fiscal Revenue Demonstrates Decline
In the first quarter of the current year, China’s fiscal revenue showed a decrease of 2.3% compared to the result for the same period in 2023.
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