Companies See Sustainability as Value Creation Opportunity: Report
A new Morgan Stanley report revealed that 85% of corporate decision-makers believe sustainability is either primarily (53%) or partly (32%) a value creation opportunity.
News - page 191
Apple to Open First Store in Malaysia
Apple plans to open its first store in Malaysia next month.
Meta Removes AI-Generated Influence Campaigns
Meta Platforms removed hundreds of accounts on its Facebook social media platform, which were used by several countries to launch and subsequently distribute information campaigns.
AI Companies Agree to Kill Switch Policy
At the artificial intelligence summit held last week in Seoul, companies operating in the AI industry reached an agreement on the application of the so-called kill switch policy, which provides for stopping the process of developing configurations of the advanced technology if certain risk thresholds are exceeded.
PayPal USD Now Available on Solana
PayPal’s stablecoin, PayPal USD (PYUSD), is now faster and cheaper to use as it debuts on the Solana blockchain.
BharatX to Enter Healthcare Finance Segment With Zenifi Acquisition
BNPL fintech startup BharatX, backed by Y-Combinator, is ready to expand its services in the healthcare segment with the new acquisition of Zenifi.
Mistral AI Takes Aim at US Market
Mistral AI, a French startup launched last year that positions itself as a competitor to OpenAI, specializes in developing artificial intelligence tools adapted for use by European consumers, but already has plans to wide operations in the United States market.
Rows Raises $8.7 Million
Rows reported that it managed to raise 8 million euros (about $8.7 million).
OpenAI Creates Oversight Team
OpenAI on Tuesday, May 28, announced the creation of a safety and security committee in the structure of this company.
Researchers Say About Advantage of Hong Kong’s Offshore Position for China
Leading Chinese researchers advise Beijing to step up its efforts to raise large amounts of foreign investment by focusing on its role in the Asian supply chain and using Hong Kong’s offshore position for appropriate purposes.
Apple’s iPhone Sales in China Demonstrate Growth
In China, a significant increase in sales of Apple’s iPhone smartphones was recorded in April.
Central Banks Use Generative AI for Cybersecurity Praising Its Effectiveness
BIS report revealed that most of its central bank members are adopting generative AI to enhance their internal cybersecurity measures. Moreover, they see immediate results of such implementation.
Bank of Japan Signals Room for Interest Rate Hikes
Governor of the Bank of Japan Kazuo Ueda and his deputy said that after this Asian country shifted away from the 0% inflation norm, opportunities for a gradual increase in interest rates were formed.
China’s Wary Investors Demonstrate Interest in Ultra-Long-Term Special Government Bonds
The surge in interest in China’s ultra-long-term special government bonds, which are extremely rarely offered, has become evidence that investors are interested in the so-called safe-haven assets since they need at least some guarantees and some protection during a period of significant economic instability.
China’s Middle Class Concerns About Spending
According to the results of a study conducted by employees of the Southwestern University of Finance and Economics in Chengdu, Sichuan Province, Chinese families who belong to the middle-class category continue to take a cautious approach in the context of their spending issues.
China Creates $47.5 Billion Chip Fund
China has set up the largest investment fund in the history of this Asian country dedicated to the development of homegrown chips, which is especially important for Beijing at the current historical moment characterized by a high level of geopolitical tension.
