Fintech Zolve Raises $251 Million
Neobank Zolve on Tuesday, March 11, announced that it raised $251 million in the latest round of debt and equity financing.
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Founder of Startup Butterfly Effect Says Chinese AI Agent Manus Transcends Chatbots
The Chinese startup Butterfly Effect, which has developed the general-purpose artificial intelligence agent dubbed Manus, appears to become a significant change factor in the market of large language models in the Asian country, as this virtual product focuses on apps beyond chatbots similar to ChatGPT from OpenAI.
Donald Trump Doubles Tariffs on Canadian Steel and Aluminum
President of the United States Donald Trump on Tuesday, March 11, announced that he would raise tariffs on steel and aluminum imported from Canada to 50% in response to the decision of the province of Ontario to increase taxes on electricity sent to the US.
Nubank Partners With OpenAI to Boost Customer Experience
Brazil’s digital challenger Nubank enhances customer service for its 114 million customers in Brazil, Mexico, and Colombia by expanding its partnership with ChatGPT creator – OpenAI.
Gender Pay Gap Still an Issue in U.S.
As Women’s History Month progresses in the U.S., the same cannot be said about the gender pay gap, which hasn’t been shrinking much in the last few years.
China Announces High-Tech Fund
After the artificial intelligence reasoning model, a product of the Chinese company DeepSeek, became popular globally in the current year, the top economic officials of the Asian country promised to form a state-backed fund to support technological innovation.
Wall Street Ends Sharply Lower
On Monday, March 10, the stock indexes of the United States showed a significant drop.
TSMC’s Sales Accelerates
Revenue of Taiwan Semiconductor Manufacturing Co. (TSMC) in the first two months of the current year showed growth of 39%, which is an acceleration compared to the upward dynamic of this indicator in 2024 and indicates a steady level of consumer demand for Nvidia chips used in the development of artificial intelligence.
JPMorgan Chase Hikes Euro Area’s 2025 Economic Growth Forecast
JPMorgan Chase has revised its forecast for the growth of the eurozone economy in the current year, expecting that the upward dynamic of this indicator will demonstrate a faster pace compared to previous projections.
StubHub Reportedly Considers Seeking $1 Billion in IPO
The media published information according to which the ticketing software company StubHub intends to raise more than $1 billion in an initial public offering (IPO) of shares.
Hinge Health Reportedly to Go Public as Soon as April
The media reported that perhaps as early as next week, the digital physiotherapy startup Hinge Health will file for an initial public offering (IPO) of shares.
Microsoft Reportedly Develops AI Reasoning Models
The media published information according to which Microsoft is currently developing in-house artificial intelligence reasoning models to compete with OpenAI.
Fed’s Chair Says Still No Need to Hurry to Consider Rate Moves
Federal Reserve chairman Jerome Powell acknowledged the growing uncertainty in the context of the prospects for the subsequent dynamic of the United States economic system but at the same time, he noted that currently there is no need for officials to rush to adjust monetary policy.
Broadcom Shares Demonstrate Growth
Broadcom shares showed growth after the company released positive financial results for the first quarter of fiscal 2025 and optimistic guidance last Thursday, March 6, indicating continued demand for artificial intelligence.
US Economy Adds 151,000 Jobs
In the United States, job growth stabilized last month, while the country’s unemployment rate increased.
GenAI Revenue to Surpass $1T by 2028
The acceleration of mass adoption for generative artificial intelligence (GenAI) is expected to boost revenues from this technology almost 20-fold over the next three years.
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