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.
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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.
Warren Buffett Warns of AI Use by Scammers
Warren Buffett, CEO of the Berkshire Hathaway holding company, compared the process of developing artificial intelligence to designing an atomic bomb.
Foxconn Posts Record April Sales
The Taiwanese company Foxconn, which is the world’s largest electronics manufacturer and assembler of Apple’s iPhone smartphones, on Sunday, May 5, released information about its record sales results for April of the current year and confirmed expectations for revenue growth for the second quarter of 2024.
SMB Survey Indicates Financial Resilience
An optimistic indicator amidst inflation and economic volatility is that small business (SMB) owners are confident about their businesses’ resilience, even as economic challenges remain pressing.
GenAI Is Strategic Priority for 66% of Asset Managers
Boston Consulting Group’s report shows that 72% of asset managers consider GenAI to have a significant or transformative impact on the industry, but only 16% have fully defined an implementation strategy.
BitPay Report Reveals Increased Crypto Consumer Spending
“The 2024 BitPay Spending Report” showed 20% growth in crypto payments from January to March 2024, with certain sectors showing more impressive results.
BlueSnap Reaches $10 Million Settlement With FTC
BlueSnap and its former CEO settled with the Federal Trade Commission (FTC) for knowingly processing payment transactions for deceptive and fraudulent companies.
Vodafone Looks to Link SIM Cards to Blockchain
Telecom provider Vodafone plans to integrate blockchain technology and cryptocurrency wallets into smartphone SIM cards.
Zopa Bank Reports £4 Billion in Customer Deposits
Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.
Microsoft Bans Police Departments From Using AI Service for Facial Recognition
Microsoft has banned police departments from using its Azure OpenAI service for facial recognition.
April US Job Growth Totals 175,000
The United States economy added fewer jobs in April than initially expected.
Rue21 Files for Bankruptcy
The Rue21 mall staple, which specializes in activities for the sale of clothing for teenagers, will stop its business in the coming weeks and close all its 540 stores.
Apple Plans $110 Billion Share Buyback
Last Thursday, May 2, Apple released information about its financial results for the first quarter of 2024 and announced a record share buyback.
Microsoft to Invest $2.2B in AI and Cloud Infrastructure in Malaysia
Microsoft has pledged a single largest investment of $2.2 billion into Malaysia’s digital transformation, to support the country’s cloud and artificial intelligence (AI) infrastructure development.
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