News - page 173

Finance & Economics

Alibaba Loses $20 Billion in Market Value

Chinese e-commerce giant Alibaba has lost $20 billion in market capitalization after it became known that this company will no longer spin-off and list its cloud computing business as a separate functional unit.

Finance & Economics

Santander Launches Overdraft-Free Checking Accounts

Bank Santander has introduced a checking account, which is designed to provide customers of this financial institution with the opportunity to avoid overdrafts.

Science & Technology

Chipmaking Gear Companies Record Sales Growth in China

Leading manufacturers of equipment used in making microcircuits have recorded a sharp increase in the share of revenue they receive in the Chinese market.

Finance & Economics

Monetary Authority of Singapore Presents Initiatives for Digital Money

The Monetary Authority of Singapore (MAS) has unveiled several initiatives that have been developed to ensure the achievement of such a goal as the safe and responsible use of digital money in this country.

Finance & Economics

Wells Fargo Reportedly Grapples With Obligations to Enhance Monitoring of Financial Crime

The media reports that Wells Fargo is currently making efforts to improve its system for monitoring crimes committed in the financial environment.

Fintech & Ecommerce

Kazakhstan Welcomes CBDC-Linked Debit Card

The first CBDC debit card transaction in Kazakhstan was performed using the Digital Tenge Card on the 30th anniversary of the Tenge, Kazakhstan’s national currency.

Blockchain & Crypto

Citi Launches Blockchain Solution for Foreign Exchange Trades

Citi has developed an app in which blockchain is used to make execute foreign exchange (FX) trades.

Science & Technology

ChatGPT Plus Pauses Subscriptions

OpenAI temporarily stops the registration of new users in the ChatGPT Plus program.

Science & Technology

Microsoft Unveils Custom AI Chip

Microsoft has unveiled its first homegrown artificial intelligence chip and processor for cloud computing.

Science & Technology

Meta Calls for Parental Control Laws

Meta calls for the adoption of laws that would introduce an obligation for app stores to receive parental approval when children download digital products to their own devices.

Science & Technology

Microsoft Introduces Text-to-Speech Avatar

Microsoft announced the public preview release of Azure AI Speech.

Science & Technology

Microsoft Launches AI-Powered Service for Blind Customers

Microsoft plans to launch a new service based on artificial intelligence, designed to serve customers of this technology giant who have eyesight problems.

Finance & Economics

UK Inflation Demonstrates Decrease

According to the results of October, the annual inflation rate in the UK showed a sharp decline to the level of 4.6%.

Science & Technology

Airbnb Acquires AI Startup

Airbnb has concluded its first acquisition deal as a public company.

Blockchain & Crypto

IMF Says About Potential of CBDC

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Wednesday, November 15, said that central bank digital currency (CBDC) can replace cash, separately noting that it will take time to implement the corresponding scenario.

Fintech & Ecommerce

Affirm Says About Impact of High-Interest Rates on Demand for BNPL

Buy Now, Pay Later (BNPL) company Affirm expects that if the high level of interest rates persists for a long period, consumer demand for its short-term loans will increase.