Australian Fintech Faces Contraction, Blockchain Hit Hardest
Despite global interest in cryptocurrency, Australia has seen the closure of several blockchain and crypto startups, amid the overall decline of fintech innovation in the country.
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Chinese Regulators Urge Global Banks to Facilitate Offshore IPO Listings
Chinese regulators, including the China Securities Regulatory Commission (CSRC), have reportedly requested top global banks to expedite offshore listings for Chinese companies in Hong Kong in an effort to boost overseas fundraising and revive the economy.
Amazon Presents New AI Capabilities at AWS re:Invent 2024
Amazon revealed the full scope of upcoming generative AI innovations at the annual cloud-focused event in Las Vegas.
HSBC Expects S&P 500 Index to Hit 6,700
Brokerage HSBC expects the S&P 500 index to reach 6,700 by the end of next year.
Digital Bank Zopa Raises $85 Million
British digital bank Zopa has announced that it has managed to raise 80 million euros (about $85 million) as part of the equity funding round.
LG Electronics to Test India’s IPO Market
The Indian unit of the South Korean company LG Electronics Inc. filed for an initial public offering (IPO).
Startup Cohere to Prioritize Customized AI Models
Canadian startup Cohere, which operates in the artificial intelligence industry, focuses on the development of tailored AI models for enterprise users.
TikTok Faces US Ban
The Chinese TikTok’s parent company faces a ban in the United States next month as a result of the relevant decision of the federal appeals court, adopted on Friday, December 6.
US Job Growth Accelerates
In the United States, a recovery in job creation was recorded in November after the minimum figures in the previous month.
OpenAI Launches $200 ChatGPT Subscription
OpenAI on Thursday, December 5, launched a version of its popular chatbot ChatGPT worth $200 per month.
Elon Musk’s xAI Raises Around $6 Billion
Founded by Elon Musk last year, startup xAI, which operates in the space of the artificial intelligence industry, on Thursday, December 5, announced that it had managed to raise about $6 billion in equity financing.
Jerome Powell Says US Economy’s Strength Means Restraint With Cutting Interest Rates
Federal Reserve Chairman Jerome Powell said last Wednesday, December 4, that the strengthening of the United States economy means that the central bank of this country can demonstrate some restraint in the context of actions to cut interest rates.
Saxo Bank Publishes 2025 Forecast
The Saxo Bank Outrageous Predictions, which have already become somewhat traditional, have been published.
Meta to Invest $10 Billion for New Data Center
On Wednesday, December 4, Meta announced plans to invest $10 billion to set up an artificial intelligence data center in Louisiana.
Citigroup Rolls Out AI Tools for Employees
Citigroup on Wednesday, December 4, began the process of rolling out new artificial intelligence tools for its employees.
Walmart Marketplace Reports Record Black Friday-Cyber Monday Sales
Walmart reported that at the beginning of the holiday shopping season, third-party sellers enjoyed record sales volumes.
