AI Share in U.S. VC Funding Surges
AI funding surges in 2024, as U.S. investors are seeking opportunities to invest in this rapidly growing but still emerging technology.
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Global Public Debt to Surpass $100T in 2024
The IMF reports that global public debt is projected to exceed $100 trillion by the end of 2024, largely driven by rising fiscal deficits in the United States and China.
Boeing Launches Share Sale
Boeing Co. has launched a share sale worth almost $19 billion.
Intel Invests $300 Million in China
Intel has announced its intention to expand its chip packaging and testing base in Chengdu, a city located in the southwestern part of China and the capital of Sichuan province.
Hong Kong Unveils Rules for Responsible AI Use
The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.
Global Economy to Maintain Stable Growth of 3.2% in 2025
The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.
U.S. Dollar Dominates SWIFT Payments
In August 2024, the dollar accounted for almost half (49.1%) of payments handled by the global payment network SWIFT, with no other currency presenting solid competition to the dollar’s role in international payments.
Getnet Launches Single Entry Point for Payments in Latin America
Getnet has launched a regional e-commerce solution that provides a single entry point (SEP) for payment transactions in countries such as Chile, Brazil, Mexico, and Argentina.
Osigu Raises $25 Million for Healthcare Platform
Osigu has announced the first closing of a Series B funding round in the amount of $25 million.
Perplexity AI Says Its Search Engine Serves 100 Million Queries Per Week
Perplexity AI chief executive officer Aravind Srinivas on Friday, October 25, said that this artificial intelligence search company serves more than 100 million queries weekly.
Apple Reportedly Tests Blood-Sugar App
The media reports that Apple this year tested an app with which people with prediabetes will be able to control the process of food intake and change their lifestyle.
US Consumer Sentiment Demonstrates Improvement
In October, local consumer sentiment in the United States showed an increase, reaching a mark that corresponds to a six-month high.
Morgan Stanley Lowers Climate Target
Morgan Stanley lowered its expectations for cutting emissions in its corporate lending portfolio.
South Korea to Monitor Cross-Border Crypto Transactions
New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.
Visa and USAID Join Efforts to Drive Inclusive Digital Government Ecosystems and Digitize Payments
Together with USAID, Visa aims to enhance access to secure, inclusive, and transparent digital government systems globally, promoting economic development and growth in select markets.
Mastercard Expands Product Express Platform for Card Issuance
Mastercard is expanding its Product Express platform across Africa, the Middle East, Europe, North America, and additional markets in Latin America, enabling fintechs to launch card programs with speed, simplicity, and full transparency.
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