RagaAI Secures $4.7 Million
The startup RagaAI, which was founded by technology veteran and former Nvidia executive Gaurav Agarwal, raised seed funding for $4.7 million.
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China Cuts Banks’ Reserve Ratio
The People’s Bank of China announced a deep cut in bank reserves on Wednesday, January 24.
BIS to Focus on Cybersecurity, CBDCs and Green Finance in 2024
The Bank for International Settlements (BIS) announced its work program for the year, which includes six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.
MIT/IBM Study Denies Economic Feasibility of Major AI Employment Takeover
The new research reveals that the expected automation of around half of all human-performed jobs with the help of AI could come at a premium cost, which employers would likely not be willing to pay.
Fintech Klarna CEO Signals Possibility of IPO
Sebastian Siemiatkowski, Chief Executive Officer of Klarna Bank AB, during a conversation with media representatives, stated a high level of probability that the initial public offering (IPO) of this Swedish fintech giant in the United States will take place shortly, noting that there is no specific time frame for the implementation of the relevant intention.
Netflix to Stream WWE Raw
Netflix Inc. has become the owner of the exclusive rights to Raw and other programming from World Wrestling Entertainment (WWE), which is the first major step by the media industry giant towards live streaming of events.
Goldman’s Jan Hatzius Sees US Soft Landing
Chief Economist at Goldman Sachs Group Inc. Jan Hatzius on Tuesday, January 23, during a conversation with media representatives in Hong Kong, said that the Federal Reserve System is currently on track to achieve a soft landing of the United States economy.
Top Citi Strategist Says About Prospects of Healthy Economic Growth
Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth, says that the global economic system does not need a collapse situation for the inflation rate to return to the target level.
Nvidia CEO Makes China Tour
Co-founder of Nvidia Corp. Jensen Huang went on his first trip to China in four years.
Crypto’s Terraform Files for Bankruptcy
Terraform Labs Pte., a company specializing in digital assets and co-founded by Do Kwon, has filed for Chapter 11 bankruptcy protection in the United States.
ElevenLabs Raises $80 Million for AI Projects
The startup ElevenLabs, which uses artificial intelligence software to replicate voices in more than 20 languages, has conducted a new round of funding.
World Bank Aims to Surpass $40 Billion Climate Funding Goal Next Year
The World Bank Group – the biggest provider of climate finance to developing countries – is now aiming for 45% of all financing to go toward climate projects by 2025.
South African Fintech Ukheshe Acquires EFTCorp
Ukheshe International, a South African fintech enablement partner and EFT Corporation (EFTCorp) will continue to operate as separate entities and maintain their respective brand identities after the acquisition.
Goldman Sachs Increases Loan Facility to Hong Kong Fintech Firm FundPark
Hong Kong-based fintech startup FundPark, which specializes in providing trade finance to small and medium-sized enterprises, announced that it managed to raise $500 million from Goldman Sachs.
China Actively Buys Chip Gear to Beat US Curbs
In 2023, there was a significant increase in the volume of imports of equipment necessary for the production of microcircuits to China.
Moody’s Negatively Characterizes Asia’s Sovereign Creditworthiness
Moody’s Investors Service has made a negative outlook on the sovereign creditworthiness of the Asia-Pacific region, citing factors such as the slowdown in China’s economic growth, risks associated with the current state of affairs in the sphere of geopolitics, and tight funding as the reasons for this point of view.
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