News - page 118

Fintech & Ecommerce

ECB Says About Need of New Rules for AI’s Use in Finance

The process of introducing and using artificial intelligence in the functional environment of financial services is currently at an early stage in terms of prevalence and does not belong to the category of generally accepted or widespread practice, but needs monitoring and possibly regulation to prevent potential harm to consumers and ensure conditions for proper […]

Finance & Economics

Experts Expect US Inflation Data to Show Some Positive for Fed

Experts predict that the monthly report on consumer prices in the United States will show a decrease in the level of inflationary pressure in this country as a result of April.

Fintech & Ecommerce

Klarna’s Internal AI Assistant Answers 2,000 Employee Questions Daily

The Swedish fintech company Klarna reported that its internal digital assistant, operating based on artificial intelligence, called Kiki, answers 2,000 questions from employees daily and has already generated information materials for more than 250,000 requests since June when the corresponding virtual product was launched.

Finance & Economics

Alibaba Reports Quarterly Earnings

The Chinese company Alibaba on Tuesday, May 14, released data on the financial results of its activities in the fourth fiscal quarter.

Science & Technology

Apple Reportedly Plans to Sell Vision Pro Outside US

Media reports that Apple has begun preparations to launch sales of the Vision Pro mixed-reality headset outside the United States.

Science & Technology

OpenAI Launches GPT-4o

OpenAI has launched a faster and cheaper version of its artificial intelligence model, based on which the chatbot ChatGPT functions.

Finance & Economics

China Credit Engine Goes Into Reverse

A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.

Fintech & Ecommerce

Chinese E-Commerce Giants Face Unstable Balance Between Discounts and Profit

Alibaba’s quarterly reports will be published this week and JD.com, Chinese e-commerce giants whose performance is a kind of indicator of the condition of the world’s second-largest economy, especially in the context of reflecting the sentiment prevailing in the local consumer environment.

Finance & Economics

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.

Science & Technology

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.

Fintech & Ecommerce

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.

Science & Technology

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.

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.