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.
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.
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.
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.
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.
Co-founder of Nvidia Corp. Jensen Huang went on his first trip to China in four years.
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.
The startup ElevenLabs, which uses artificial intelligence software to replicate voices in more than 20 languages, has conducted a new round of funding.
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.
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.
Hong Kong-based fintech startup FundPark, which specializes in providing trade finance to small and medium-sized enterprises, announced that it managed to raise $500 million from Goldman Sachs.
In 2023, there was a significant increase in the volume of imports of equipment necessary for the production of microcircuits to China.
Moody’s Investors Service has made a negative outlook on the sovereign creditworthiness of the Asia-Pacific region, citing factors such as the slowdown in China’s economic growth, risks associated with the current state of affairs in the sphere of geopolitics, and tight funding as the reasons for this point of view.
Indian fintech FinAGG has raised $11 million in a Series A funding round led by BlueOrchard and Tata Capital to improve financing access for millions of Indian MSMEs.
German online bank N26 has launched the long-anticipated Stock and ETF trading product that will allow its customers to buy and sell stocks and ETFs in-app for 0.90 EUR per trade.
The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.
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