News - page 118

Science & Technology

Meta’s Stock Declines on AI Spending Plans

On Thursday, April 25, at the premarket, the price of Meta shares showed a drop in the dynamic amid news about the intention of this technology giant to switch to a strategy of so-called aggressive investment in the artificial intelligence industry, which investors treat with extreme caution and significant concerns.

Blockchain & Crypto

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.

Finance & Economics

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.

Science & Technology

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.

Fintech & Ecommerce

Square Expands Offline Payments

Square has announced the expansion of offline payments for all hardware devices in each country.

Fintech & Ecommerce

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.

Blockchain & Crypto

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.

Science & Technology

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.

Science & Technology

Apple Announces Plans for Special Event on May

Apple Inc. announced its intention to hold a special event on May 7.

Science & Technology

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.

Science & Technology

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.

Fintech & Ecommerce

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.

Fintech & Ecommerce

Verafin Launches AI Copilot

Verafin has announced the addition of an artificial intelligence copilot to its suite of solutions for combating financial crimes.

Finance & Economics

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.

Finance & Economics

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.

Science & Technology

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.