Temasek-Backed Agritech Rize Raises $14M Series A Funding
Rize has an ambitious goal to eliminate 100 metric tonnes of carbon emissions while decarbonising rice cultivation with its robust technology stack.
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Robinhood Declares 224% Crypto Trading Surge
A 224% increase in crypto trading volumes in the first year’s quarter boosted Robinhood trading figures to $36 billion, with crypto services contributing to nearly 40% of the firm’s transaction-based revenue.
Google DeepMind Debuts Next Generation of Drug Discovery AI Model
Google Deepmind has unveiled the third major version of its artificial intelligence model called AlphaFold, which is designed to help scientists develop medicines and increase the effectiveness of disease control efforts.
Google Opens Digital Wallet to Indian Consumers
Google’s digital wallet has become available to users of the services of this technology giant who live in India.
US Reportedly Revokes Several Export Licenses for Selling Semiconductors to Huawei
It became known that the United States revoked licenses that provided several companies, including Intel and Qualcomm, with the opportunity to supply chips used in laptops and smartphones to the Chinese manufacturer Huawei Technologies.
Monzo Raises $190 Million
British neobank Monzo on Wednesday, May 8, announced that it had managed to raise investments for $190 million.
Half of Workers Conceal AI Use to Not Seem Replaceable
AI usage in the workplace is steadily growing, but employees tend to hide it afraid of being replaced in their roles by technology solutions, shows a fresh report.
Ant International to Expand to Saudi Arabia
The partnership with the Ministry of Investment of Saudi Arabia enables Ant International to expand its e-commerce and digital payment services across the Middle East.
German Industrial Production Demonstrates Decline
In Germany, a decrease in industrial output was recorded in March.
China’s Services Activity Growth Eases
In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.
Apple Unveils New iPad Pro
Apple has unveiled new versions of its iPad Pro and iPad Air tablets.
Amazon Commits $9 Billion Investment in Singapore
Amazon.com intends to invest $9 billion in expanding its cloud computing infrastructure in Singapore.
UBS Returns to Profit
UBS on Tuesday, May 7, announced a return to profit after a period of losses that lasted for two quarters.
Microsoft Reportedly Readies New AI Model
The media reports that Microsoft is currently developing a new model of artificial intelligence.
Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO
Fintech company Rasan, which is based in Saudi Arabia, intends to sell 30% of its stake during the initial public offering (IPO) of shares in Riyadh.
Citi’s Chief Digital Officer Says About Significance of Mobile and Virtual Platforms
Michael Naggar, Citi’s director of digital technologies in the area of personal banking services in the United States, during a conversation with media representatives, shared his opinion on what it means to implement the digitalization process in the banking sector.
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