News - page 168

Science & Technology

China’s AI Chipmaker Biren Wins Secures Pledge of $280 Million

The Chinese company Shanghai Biren Intelligent Technology Co., which specializes in manufacturing activities for making chips for use in artificial intelligence systems, received financial funds for 2 billion yuan ($280 million) as collateral from investors.

Science & Technology

Judge Blocks TikTok Ban in Montana

Last Thursday, November 30, in the United States, a federal judge’s decision temporarily halted a ban on a virtual platform for creating and watching short videos and online broadcasts of TikTok in Montana, which was supposed to take effect in early 2024.

Blockchain & Crypto

Australians Increasingly Use Crypto for Retirement Funds

A recent report shows a 400% growth of crypto assets share in “self-managed super funds” used by Australians as a means to secure their retirement life.

Fintech & Ecommerce

Robinhood App Now Available in UK

UK customers can now trade US stocks via Robinhood brokerage without extra commission or foreign exchange fees.

Blockchain & Crypto

Jack Dorsey Backs Decentralized Bitcoin Mining Project In $6.2M Seed Round

Former Twitter (now X) chief, current Block CEO and avid Bitcoin supporter Jack Dorsey became one of the main investors in a $6.2M seed funding round for OCEAN, a decentralized crypto mining pool startup.

Finance & Economics

ResponsAbility Launches Climate Investment Strategy for Asia

Swiss firm responsAbility partnered with Germany’s development bank KfW and the Dutch development bank FMO to make an active contribution to carbon dioxide reduction in Asia through targeted climate investments.

Finance & Economics

Eurozone Inflation Shows Decline

In November, the dynamic of the decline in inflation in the eurozone turned out to be more intense than expected.

Blockchain & Crypto

EU Lawmakers Call For Metaverse Strategy

The European Parliament Committee wants the EU to lead metaverse development and reduce the bloc’s technological dependency.

Science & Technology

Nvidia CEO Says About Prospects of AI Competitiveness

Nvidia CEO Jensen Huang last Wednesday, November 29, during a speech at the annual DealBook summit in New York, said that artificial intelligence is gaining on humans.

Science & Technology

Amazon Presents AI-Powered Image Generator

Amazon Web Services (AWS) has presented its new development based on artificial intelligence, which is capable of generating images.

Finance & Economics

China’s Manufacturing Activity Shrinks

In November, China recorded a decrease in the level of activity in the manufacturing sector and sphere of services.

Finance & Economics

JPMorgan Chase CEO Warns of Recession Risk

JPMorgan Chase CEO Jamie Dimon last Wednesday, November 29, during a speech at the New York Times DealBook 2023 summit in New York, said that the likelihood of a recession in the United States cannot be ruled out.

Blockchain & Crypto

Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical

A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.

Finance & Economics

UK’s Nottingham Files for Bankruptcy

Nottingham City Council has become another victim of the financial crisis in the UK in the sphere of local government.

Finance & Economics

Lloyds Chief Urges UK Policymakers to Refrain From Encroaching on Banks’ Profits

The chief executive of Lloyds Banking Group made something like a warning statement to British politicians, describing measures such as a tax on unforeseen expenses of banks as thing that should be excluded amid expectations of a busy election year.

Science & Technology

Amazon Announces AI Chatbot for Businesses

Amazon last Tuesday, November 28, announced a new chatbot called Q, which consumers will be able to use at work.