Probability of Interest Rate Cut by Bank of England Grows
The Bank of England on Thursday, February 1, is likely to keep the interest rates at 5.25%, keeping this indicator within what can be described as sustainable stability.
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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.
India Cuts Tariffs to Entice iPhone Manufacturing
The Indian leadership has decided to reduce taxes on the import of several components for mobile devices.
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.
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.
Nvidia Joins Funding for AI Chatbot Maker Kore.ai
Nvidia Corp. joined the $150 million capital infusion into the chatbot creator Kore.ai.
IMF Lifts World Economic Outlook
The International Monetary Fund (IMF) has improved its forecast for global economic growth in 2024.
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.
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.
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.
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.
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.
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.
Amazon Terminates iRobot Deal
Amazon.com Inc. refused to implement the deal for the acquisition of iRobot Corp.
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.
Evergrande Approaches Liquidation
The Chinese Evergrande Group received a liquidation order from the Hong Kong court, which marked the beginning of a complex process to carve up one of the main casualties of the largest property crisis, which had a widespread negative impact on the state of the world’s second-largest economy.
