News - page 20

Fintech & Ecommerce

Visa and Transak to Enable Crypto-to-Fiat Withdrawals

Cooperation between the Visa payment network and Web3 infrastructure provider Transak will facilitate crypto-to-fiat withdrawals without centralised exchanges involved.

Science & Technology

India Cuts Tariffs to Entice iPhone Manufacturing

The Indian leadership has decided to reduce taxes on the import of several components for mobile devices.

Science & Technology

Samsung Electronics Posts Drop in Operating Profit

Samsung Electronics on Wednesday, January 31, published data according to which the company’s operating profit for the fourth quarter of last year showed a decline of 34.57% compared to the result for the same period in 2022.

Science & Technology

Germany to Back EU AI Act

Germany intends to support the proposals of the European Union on the regulation of artificial intelligence after the Ministry of Transport and Digital Affairs abandoned its position of disagreement with the Law of this bloc of countries on AI.

Science & Technology

Nvidia Joins Funding for AI Chatbot Maker Kore.ai

Nvidia Corp. joined the $150 million capital infusion into the chatbot creator Kore.ai.

Finance & Economics

IMF Lifts World Economic Outlook

The International Monetary Fund (IMF) has improved its forecast for global economic growth in 2024.

Fintech & Ecommerce

BlueLayer Works on Operating System for Carbon Project Developers

BlueLayer is currently working on creating a software platform designed to be used by developers of carbon projects.

Science & Technology

AI Chip Startup Rebellions Secures $124 Million

The South Korean startup Rebellions Inc. announced that it managed to raise $124 million in financing from investors, including KT Corp., to accelerate work on the development of a new generation artificial intelligence chip, which is a kind of example of the growing interest in hardware that drives AI.

Fintech & Ecommerce

Amazon to Offer BNPL in Mexico

Amazon.com Inc. has started working with Mexican fintech company Kueski, which specializes in the providing of Buy Now, Pay Later (BNPL) service and personal loans, to offer consumers the opportunity to make payment transactions in installments every two weeks in the space of Latin America’s second-largest economy.

Fintech & Ecommerce

PayPal Funds Crypto Payment Startup Mesh With PYUSD Stablecoin

PayPal has invested in Mesh, a crypto-friendly embedded finance solution, almost completely funding the investment with PayPal USD (PYUSD) – Ethereum-based stablecoin.

Science & Technology

Italy Claims OpenAI Breaks GDPR Laws

The Italian data protection authority (DPA) has concluded that OpenAI and its popular AI chatbot ChatGPT do not comply with the European Union GDPR provisions.

Science & Technology

China Approves 14 Large Language Models

In China, local authorities have approved the launch of the first batch of large language models (LLM) this year.

Finance & Economics

Amazon Terminates iRobot Deal

Amazon.com Inc. refused to implement the deal for the acquisition of iRobot Corp.

Science & Technology

AI Startup Sierra Reportedly Plans to Raise $85 Million

The media reports that Sierra startup, which is focused on enterprises and operates in the sphere of artificial intelligence, is approaching the status of a unicorn with new investments.

Finance & Economics

Cinda Securities Expects China’s Industrial Profits Rebound

In 2024, the profit indicator of China’s largest industrial enterprises, for which 2023 was the second consecutive year of downturn, may increase slightly against the background of improving prospects for Beijing’s export activities and the implementation of a policy of support from local authorities.

Finance & Economics

India’s Finance Ministry Says About Possibility of 7% Economic Growth in Coming Years

The Ministry of Finance of India believes that in the next fiscal year, the economy of this country is likely to show growth of 7%.