News - page 197

Robinhood Declares 224% Crypto Trading Surge
Blockchain & Crypto

Robinhood Declares 224% Crypto Trading Surge

A 224% increase in crypto trading volumes in the first year’s quarter boosted Robinhood trading figures to $36 billion, with crypto services contributing to nearly 40% of the firm’s transaction-based revenue.

Google DeepMind Debuts Next Generation of Drug Discovery AI Model
Science & Technology

Google DeepMind Debuts Next Generation of Drug Discovery AI Model

Google Deepmind has unveiled the third major version of its artificial intelligence model called AlphaFold, which is designed to help scientists develop medicines and increase the effectiveness of disease control efforts.

Google Opens Digital Wallet to Indian Consumers
Fintech & Ecommerce

Google Opens Digital Wallet to Indian Consumers

Google’s digital wallet has become available to users of the services of this technology giant who live in India.

US Reportedly Revokes Several Export Licenses for Selling Semiconductors to Huawei
Science & Technology

US Reportedly Revokes Several Export Licenses for Selling Semiconductors to Huawei

It became known that the United States revoked licenses that provided several companies, including Intel and Qualcomm, with the opportunity to supply chips used in laptops and smartphones to the Chinese manufacturer Huawei Technologies.

Monzo Raises $190 Million
Fintech & Ecommerce

Monzo Raises $190 Million

British neobank Monzo on Wednesday, May 8, announced that it had managed to raise investments for $190 million.

Half of Workers Conceal AI Use to Not Seem Replaceable
Science & Technology

Half of Workers Conceal AI Use to Not Seem Replaceable

AI usage in the workplace is steadily growing, but employees tend to hide it afraid of being replaced in their roles by technology solutions, shows a fresh report.

Ant International to Expand to Saudi Arabia
Fintech & Ecommerce

Ant International to Expand to Saudi Arabia

The partnership with the Ministry of Investment of Saudi Arabia enables Ant International to expand its e-commerce and digital payment services across the Middle East.

German Industrial Production Demonstrates Decline
Finance & Economics

German Industrial Production Demonstrates Decline

In Germany, a decrease in industrial output was recorded in March.

China’s Services Activity Growth Eases
Finance & Economics

China’s Services Activity Growth Eases

In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.

Apple Unveils New iPad Pro
Science & Technology

Apple Unveils New iPad Pro

Apple has unveiled new versions of its iPad Pro and iPad Air tablets.

Amazon Commits $9 Billion Investment in Singapore
Science & Technology

Amazon Commits $9 Billion Investment in Singapore

Amazon.com intends to invest $9 billion in expanding its cloud computing infrastructure in Singapore.

UBS Returns to Profit
Finance & Economics

UBS Returns to Profit

UBS on Tuesday, May 7, announced a return to profit after a period of losses that lasted for two quarters.

Microsoft Reportedly Readies New AI Model
Science & Technology

Microsoft Reportedly Readies New AI Model

The media reports that Microsoft is currently developing a new model of artificial intelligence.

Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO
Fintech & Ecommerce

Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO

Fintech company Rasan, which is based in Saudi Arabia, intends to sell 30% of its stake during the initial public offering (IPO) of shares in Riyadh.

Citi’s Chief Digital Officer Says About Significance of Mobile and Virtual Platforms
Fintech & Ecommerce

Citi’s Chief Digital Officer Says About Significance of Mobile and Virtual Platforms

Michael Naggar, Citi’s director of digital technologies in the area of personal banking services in the United States, during a conversation with media representatives, shared his opinion on what it means to implement the digitalization process in the banking sector.

Warren Buffett Warns of AI Use by Scammers
Science & Technology

Warren Buffett Warns of AI Use by Scammers

Warren Buffett, CEO of the Berkshire Hathaway holding company, compared the process of developing artificial intelligence to designing an atomic bomb.