Klarna Reports Earnings Results for First Half of 2023
Klarna has released the financial results of its operations for the first six months of 2023, which testified to the positive dynamics of the second quarter, which exceeded initial expectations.
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Bumble CEO Says AI to Help Establish Meaningful Connections
Whitney Wolfe Herd, founder, and CEO of the dating app Bumble, is convinced that artificial intelligence can become a kind of means to combat the epidemic of loneliness in the United States, noting that the new generation of technology has the potential for a profound transformation of the dating industry.
Barclays Reportedly Invests in Promotion on Private Credit Market
The media reported that Barclays Plc, a structure that includes a multinational investment bank and a financial services company, decided to strengthen its position in the private loan market by allocating money from its balance sheet to implement the corresponding efforts.
French Regulator Searches Worldcoin Paris Office
The French data regulator CNIL this week conducted searches at the regional Worldcoin office, which is located in Paris.
UAE Launches Bilingual AI Model
Inception, a subsidiary of Abu Dhabi-based G42 firm specializing in machine intelligence, the California-based Cerebras research company, and the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) have developed a large language model called Jais.
X Now Has Seven State Licenses For Payments Including Crypto
X, former Twitter, platform is on its way to transforming social media into a financial super app. With the latest license approved in Rhode Island, X can provide financial services in seven US states
Microsoft Splits Teams from Office in EU
Microsoft will give its European business customers the opportunity to buy the Teams video and chat app separately from the Office software.
Morgan Stanley Downgrades Palantir Technologies
Palantir Technologies has been downgraded at Morgan Stanley, which is the latest signal of Wall Street’s skepticism about this company specializing in software development and positioning itself as a major player in the sphere of artificial intelligence.
AI Startup Cohere Reportedly Taps JPMorgan and Goldman Sachs for Financing
The media, citing insiders, reported that Cohere, which operates in the field of artificial intelligence and receives support from investors, including Oracle and Nvidia, is currently interacting with banks in preparation for a new round of financing a few months after the completion of the previous one.
UBS Outlines Major Targets for Its Integration of Credit Suisse
UBS Group AG has outlined the main goals of integration with its former competitor Credit Suisse.
British Parliamentarians Question Prospects of UK Leadership in AI Regulation
In the United Kingdom, parliamentarians said that the country’s Prime Minister Rishi Sunak’s plan to make the UK a leader in the regulation of artificial intelligence is under threat.
Atom Bank Partners With Assetz Capital for Commercial Mortgage Access
Assetz Capital will act as a key distribution partner for Atom commercial mortgage loan applications covering all UK regions
Google Experiments With Watermarks for AI Image Identification
Google has introduced a technology that embeds a digital watermark directly into the pixels of an image, making it invisible to the human eye, but able to perform AI-generated image identification
Court Favours Grayscale Over SEC in Spot Bitcoin ETF Case
Despite the legal victory of Grayscale, it’s too early for spot Bitcoin ETF proponents to cheer
Baidu Reportedly to Get China Approval for AI Models
The media reported that this week China will approve the first batch of generating artificial intelligence services for public implementation.
Startup Hyperproof Raises $40 Million
Hyperproof, which provides software as a service, on Wednesday, August 30, announced that following the results of a funding round led by Riverwood Capital and with the participation of the venture capital firm Toba Capital, which is at an early stage of development, it managed to raise $40 million.
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