News - page 192

Fintech & Ecommerce

Praso Acquires Floki’s IP

The Brazilian company Praso, which provides a distribution platform for small retailers, announced the raising of $9.3 million in investment funds and announced the acquisition of the intellectual property of Floki, a brand that uses AI to automate purchases in small bars and restaurants.

Fintech & Ecommerce

Amazon Acquires Company Fig

Amazon has expanded its ownership structure as a result of the acquisition of Fig, which is a manufacturer of an autocomplete tool for terminals used by developers.

Science & Technology

OpenAI Approaches $1 Billion of Annual Sales

The media reported that the annual revenue of OpenAI is approaching the landmark mark of $1 billion.

Finance & Economics

JPMorgan Boosts Its Stake in Brazil’s C6 Bank

JPMorgan has announced an increase in its stake in a Brazilian digital bank called C6 Bank.

Science & Technology

Google Adds AI Models from Meta and Anthropic to Its Cloud Platform

Google is adding artificial intelligence tools from Meta Platforms and Anthropic to its cloud platform.

Science & Technology

IT Company Kainos to Invest £10 Million in AI

IT company Kainos, which is based in Belfast, announced its intention to invest 10 million pounds in the implementation of efforts to integrate generative artificial intelligence into its business.

Fintech & Ecommerce

Amazon Tests Higher Free Shipping Threshold

Amazon is currently testing a minimum purchase requirement of $35 to receive a free shipping service for customers who are not members of the Prime loyalty program.

Science & Technology

Microsoft’s President Says AI Needs Human Control

Microsoft President and Vice Chairman Brad Smith, while talking to the media, said that people should curb artificial intelligence, because it can become a weapon.

Science & Technology

Google Reportedly Plans to Sell Maps Data

The media reported that Google intends to license mapping data sets to companies that create products using renewable energy sources.

Science & Technology

OpenAI Launches ChatGPT for Businesses

OpenAI announced the launch of the corporate version of ChatGPT, within which additional functions and privacy guarantees are available to users.

Blockchain & Crypto

Spain’s Deputy Central Bank Governor Suggests Tools to Mitigate Digital Euro’s Unintended Consequences

Deputy head of the Central Bank of Spain Margarita Delgado said that before making a final decision on the launch of the digital euro, the European Central Bank should analyze the potential impact of the virtual currency on the banking system of the eurozone.

Science & Technology

Stellar to Help Businesses Deploy AI

The Stellar company, which is based in Indianapolis, has officially declared its mission aimed at providing assistance to enterprises in achieving competitive advantages by introducing generative artificial intelligence, machine learning, and large language models into the structure of their activities.

Fintech & Ecommerce

Safaricom Launches Mobile Money Service in Ethiopia

Kenyan telecommunications company Safaricom has launched its M-Pesa mobile payment service in Ethiopia.

Fintech & Ecommerce

HDFC Bank and Marriott Bonvoy Launch Travel Card

Indian HDFC Bank announced the beginning of cooperation with Marriott Bonvoy, the Marriott International travel program, in order to launch a co-branded hotel credit card.

Science & Technology

SoftBank Plans Its Indian Startup Founders Trip to Silicon Valley

SoftBank Group plans to send its Indian startup founders to Silicon Valley in September, where they will get acquainted with the specifics of the field of artificial intelligence and the features of advanced technology.

Blockchain & Crypto

US Treasury and IRS Propose Crypto Tax Reporting Rules

The new crypto tax proposal from the US Treasury and IRS regulates the sale and exchange of digital assets by brokers, aiming “to close the tax gap, address the tax evasion risks posed by digital assets, and help ensure that everyone plays by the same set of rules.”