News - page 172

SoftBank Reportedly to Invest $500 Million in OpenAI
Science & Technology

SoftBank Reportedly to Invest $500 Million in OpenAI

The media reports that the Vision Fund, which is part of the ownership structure of the Japanese telecommunications company SoftBank, intends to invest $500 million in the latest round of funding for OpenAI.

Euro-Area Inflation Drops Below 2%
Finance & Economics

Euro-Area Inflation Drops Below 2%

In September, inflation in the eurozone fell below the European Central Bank’s 2% target.

Robinhood Crypto Brings Crypto Transfers to Europe
Blockchain & Crypto

Robinhood Crypto Brings Crypto Transfers to Europe

Crypto transfers were one of the most requested features by Robinhood customers in Europe.

Microsoft Reportedly Plans to Relaunch AI-Powered Recall Offering
Science & Technology

Microsoft Reportedly Plans to Relaunch AI-Powered Recall Offering

The media reports that Microsoft intends to make another attempt to roll out its Recall program powered by artificial intelligence.

Google to Invest $1 Billion in Thailand
Science & Technology

Google to Invest $1 Billion in Thailand

Google on Monday, September 30, announced its intention to invest $1 billion in Thailand.

Jerome Powell Says Fed to Lower Rates Over Time
Finance & Economics

Jerome Powell Says Fed to Lower Rates Over Time

Federal Reserve Chairman Jerome Powell said that the central bank of the United States will once again cut interest rates over time and noted that currently, the US economy as a whole remains on solid footing.

China Stocks Demonstrate Sharp Increase
Finance & Economics

China Stocks Demonstrate Sharp Increase

On Monday, September 30, Chinese stock indexes showed the largest one-day gain in the last 16 years.

German Inflation Demonstrates Decline
Finance & Economics

German Inflation Demonstrates Decline

In Germany, in September, the harmonized consumer price index showed a decline, ending up at 1.8%.

Mastercard and KaiOS to Deliver Affordable Payment Acceptance Devices to African SMEs
Fintech & Ecommerce

Mastercard and KaiOS to Deliver Affordable Payment Acceptance Devices to African SMEs

Mastercard latest collaboration aims to enable businesses to leverage digital tools more easily, promoting financial inclusion by using affordable mobile devices powered by KaiOS.

CZ Pledges More Tech Investment Upon US Custody Release
Blockchain & Crypto

CZ Pledges More Tech Investment Upon US Custody Release

Changpeng Zhao (CZ), the former CEO of Binance, is out of prison and vows to increase his investment in technology sectors such as blockchain, artificial intelligence, and biotechnology.

Stripe Expands Presence in Toronto to Boost Canadian Business Growth
Fintech & Ecommerce

Stripe Expands Presence in Toronto to Boost Canadian Business Growth

Stripe announced its expansion in Canada with a focus on the new flagship office in Toronto, aiming to accelerate the growth of Canadian businesses.

PayPal Complete Payments Launch in China
Fintech & Ecommerce

PayPal Complete Payments Launch in China

‘PayPal Complete Payments’ all-in-one platform will simplify cross-border transactions for Chinese businesses, helping them expand globally.

Fidelity Limits Mobile Deposits as Banks Defend Against Check Fraud
Finance & Economics

Fidelity Limits Mobile Deposits as Banks Defend Against Check Fraud

Online check fraud schemes boom forces major US banks to introduce additional security measures such as drastically decreasing limits to mobile deposits as Fidelity recently did.

US Consumer Sentiment Improves
Finance & Economics

US Consumer Sentiment Improves

The rise of consumer sentiment continues to be observed in the United States.

Healthcare Fintech Care.fi Raises $955K in Debt Capital
Fintech & Ecommerce

Healthcare Fintech Care.fi Raises $955K in Debt Capital

Fresh funding complements earlier Care.fi investments of $2.6 million and fuels fintech’s vision of becoming India’s healthcare-focused Small Finance Bank.

OpenAI Reportedly Sees Roughly $5 Billion Loss This Year
Science & Technology

OpenAI Reportedly Sees Roughly $5 Billion Loss This Year

The media reports that OpenAI, one of the largest players in the global technology sector, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, expects losses of about $5 billion in the current year.