News - page 144

Science & Technology

Apple Reportedly Makes Push to Bring AI to iPhone

The media reports that Apple is currently making serious efforts to introduce artificial intelligence into the iPhone.

Science & Technology

ASML Orders Surge to Record in Q4

ASML Holding, a Netherlands-based manufacturer of equipment used in the chip production process, on Wednesday, January 24, released profit data for the fourth quarter of last year.

Fintech & Ecommerce

Nuvei Partners With Adobe to Enhance eCommerce Payments

Canadian fintech company Nuvei has announced the launch of a new global partnership with Adobe to improve the payment transaction process in the sphere of e-commerce.

Science & Technology

RagaAI Secures $4.7 Million

The startup RagaAI, which was founded by technology veteran and former Nvidia executive Gaurav Agarwal, raised seed funding for $4.7 million.

Finance & Economics

China Cuts Banks’ Reserve Ratio

The People’s Bank of China announced a deep cut in bank reserves on Wednesday, January 24.

Blockchain & Crypto

BIS to Focus on Cybersecurity, CBDCs and Green Finance in 2024

The Bank for International Settlements (BIS) announced its work program for the year, which includes six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.

Finance & Economics

MIT/IBM Study Denies Economic Feasibility of Major AI Employment Takeover

The new research reveals that the expected automation of around half of all human-performed jobs with the help of AI could come at a premium cost, which employers would likely not be willing to pay.

Fintech & Ecommerce

Fintech Klarna CEO Signals Possibility of IPO

Sebastian Siemiatkowski, Chief Executive Officer of Klarna Bank AB, during a conversation with media representatives, stated a high level of probability that the initial public offering (IPO) of this Swedish fintech giant in the United States will take place shortly, noting that there is no specific time frame for the implementation of the relevant intention.

Science & Technology

Netflix to Stream WWE Raw

Netflix Inc. has become the owner of the exclusive rights to Raw and other programming from World Wrestling Entertainment (WWE), which is the first major step by the media industry giant towards live streaming of events.

Finance & Economics

Goldman’s Jan Hatzius Sees US Soft Landing

Chief Economist at Goldman Sachs Group Inc. Jan Hatzius on Tuesday, January 23, during a conversation with media representatives in Hong Kong, said that the Federal Reserve System is currently on track to achieve a soft landing of the United States economy.

Finance & Economics

Top Citi Strategist Says About Prospects of Healthy Economic Growth

Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth, says that the global economic system does not need a collapse situation for the inflation rate to return to the target level.

Science & Technology

Nvidia CEO Makes China Tour

Co-founder of Nvidia Corp. Jensen Huang went on his first trip to China in four years.

Blockchain & Crypto

Crypto’s Terraform Files for Bankruptcy

Terraform Labs Pte., a company specializing in digital assets and co-founded by Do Kwon, has filed for Chapter 11 bankruptcy protection in the United States.

Science & Technology

ElevenLabs Raises $80 Million for AI Projects

The startup ElevenLabs, which uses artificial intelligence software to replicate voices in more than 20 languages, has conducted a new round of funding.

Finance & Economics

World Bank Aims to Surpass $40 Billion Climate Funding Goal Next Year

The World Bank Group – the biggest provider of climate finance to developing countries – is now aiming for 45% of all financing to go toward climate projects by 2025.

Fintech & Ecommerce

South African Fintech Ukheshe Acquires EFTCorp

Ukheshe International, a South African fintech enablement partner and EFT Corporation (EFTCorp) will continue to operate as separate entities and maintain their respective brand identities after the acquisition.