Amazon’s Whole Foods Plans to Open New Small-Format Stores
An Amazon-owned grocery company will open new small-format stores that are focused on serving urban consumers making quick trips.
News - page 222
China’s Middle-Income Population Reportedly Hits 500 Million Mark
At the end of last week, Chinese state media published information according to which the number of citizens whose income is at a middle level in this country amounted to more than 500 million people.
Nvidia CEO Says About Prospects of Artificial General Intelligence
Nvidia CEO Jensen Huang believes that artificial intelligence, which logic of thinking is similar to the paradigm of the corresponding process implemented in the space of human consciousness, can be developed within the next five years.
JPMorgan Predicts Bitcoin Correction
JPMorgan analysts say that one of the most anticipated catalysts for further growth in the price of Bitcoin may eventually cause a decrease in the corresponding indicator.
BOJ Сhief Stops Short of Declaring 2% Price Goal Met
Kazuo Ueda, Governor of the Bank of Japan, said that it is currently too early to conclude that the inflation process in this country is on a trajectory of steady approach to the financial regulator’s target of 2%.
Walmart and Amazon Focus on AI
This week, Amazon decided to increase its investment in artificial intelligence, as the e-commerce giant and its competitor Walmart seek to introduce advanced technologies into their services on a large scale so that their market positions remain stable.
Dell Reports Earnings
Dell Technologies Inc. has reported the highest sales and earnings figures for its products over the past six months.
AMD’s Market Value Tops $300 Billion
Shares of Advanced Micro Devices (AMD) Inc. last Thursday, February 29, showed a rapid increase in cost.
Deutsche Bank Reportedly to File Liquidation Suit Against Chinese Developer Shimao
The media, citing insiders, reported that Deutsche Bank is preparing a liquidation lawsuit against the Chinese developer Shimao Group.
Sales of Apple’s Smartphones Fall in China
In the Chinese smartphone market, there continues to be a trend of restrained consumer demand for the iPhone.
Elon Musk Sues OpenAI
Elon Musk has sued OpenAI and the chief executive officer of this startup, Sam Altman.
Equifax Launches Fraud Prevention KYB Tool
Equifax is launching the Know Your Business (KYB) solution, with which American lenders and businesses will be able to make more informed decisions about gaining new accounts or vendors.
Microsoft to Launch Copilot AI Chatbot for Finance Workers
Microsoft on Thursday, February 29, announced its intention to release a version of Copilot, a chatbot based on artificial intelligence, which will be able to perform key tasks for people who work in the sphere of finance.
India Approves $15 Billion of Chip Plant Investments
In India, the local government has decided to allocate $15.2 billion in government funding for the construction of chip manufacturing plants.
Mastercard Introduces Open Banking for Account Opening Program
The new core benefit program from Mastercard is aimed at select U.S. debit and prepaid products, designed to streamline and secure account opening with open banking capabilities.
Chinese Authorities to Discuss Economic Growth Goals
The annual legislative meeting will be held in Beijing next week, during which the goal of China’s economic growth and plans to achieve it will be discussed.
