News - page 155

Finance & Economics

China Orders Banks to Review Cyber and Data Security

In China, local authorities have appealed to banks and insurance companies with a strong recommendation to inspect security systems, focusing in this case on issues such as data protection and anti-cybercrime tools.

Science & Technology

Microsoft Says About Potential of AI Service for Science

Microsoft Corporation uses artificial intelligence and powerful computers to help researchers accelerate their work on the discovery of new chemical compounds and materials having a large-scale sphere of application, including batteries and environmentally friendly paints.

Science & Technology

Nvidia Reportedly to Launch AI Chip for China in Q2 2024

The American chip manufacturer Nvidia intends to launch mass production of microcircuits with artificial intelligence for the Chinese market, developed following the current export rules of the United States, in the second quarter of this year.

Fintech & Ecommerce

Qashio and CredibleX to Provide Financing to Businesses in MENA Region

Qashio and CredibleX have established cooperation within the framework of the Middle East and North Africa (MENA) Business Finance Initiative.

Fintech & Ecommerce

Mastercard and 4thWave to Drive B2B Payments Across EEMEA

Mastercard has partnered with 4thWave, a provider of an innovative digital platform for finance and banking as a service (BaaS), to optimize business-to-business (B2B) payment flows.

Fintech & Ecommerce

Canada Reportedly to Use AI to Combat Money Laundering

The media reports that in Canada it is planned to start using artificial intelligence as a tool to combat money laundering.

Science & Technology

Samsung Posts Sixth Straight Quarter of Declining Operating Profit

Samsung Electronics Co. recorded a decline in operating profit for the sixth consecutive quarter.

Science & Technology

Volkswagen Adds ChatGPT to Vehicle Voice Assistant

Volkswagen plans to add a popular AI-powered chatbot ChatGPT function into all its car and SUV models equipped with IDA voice assistant.

Science & Technology

Samsung Shares AI for All Vision, Upgrades Smart Homes With Maps, AI Avatars and Ballie Robot

Samsung Electronics unveiled its vision of “AI for All” along with the new upgrades for its smart home ecosystem: interactive maps, AI avatars and companion robot Ballie.

Fintech & Ecommerce

Fintech Funding in US and UK Sees Sharp Decline in 2023

Inflation, increased interest rates, geopolitical instability, and other macroeconomic challenges brought US and UK fintechs 36% and 63% less money last year, respectively.

Science & Technology

McAfee Presents AI-Powered Deepfake Audio Detection

At CES 2024, McAfee presented a technology for detecting audio deepfakes based on artificial intelligence called Project Mockingbird.

Fintech & Ecommerce

African Fintech Cleva Raises $1.5 Million

Nigerian fintech company Cleva, which specializes in creating a banking platform that allows African businesses and local individuals to access international payments by opening dollar accounts, raised $1.5 million as seed funding.

Blockchain & Crypto

Bitcoin-Accepting Merchants Grew 174% in 2023

The number of merchants accepting Bitcoin payments increased almost threefold last year, with a notable concentration in Europe and Latin America.

Science & Technology

Jefferies Analysts Warn About Significant iPhone Sales Fall in China

Analysts at Jefferies Independent Investment Bank, led by Edison Lee, believe that the decline in sales of iPhone smartphones in the Chinese market will show a strengthening trend in the foreseeable future.

Blockchain & Crypto

Coinbase to Offer Crypto Derivatives in Europe

Coinbase intends to acquire a Cypriot company that will offer cryptocurrency-linked derivatives in the European Union.

Fintech & Ecommerce

Ant Group Reportedly Plans to Purchase MultiSafepay

The media reports that the Chinese Ant Group is currently preparing to implement its intention to acquire the Dutch payment company MultiSafepay.