News - page 238

Binance: After the Exodus, the Laundry
Articles

Binance: After the Exodus, the Laundry

Changpeng Zhao, the now ex-CEO of Binance, pleaded guilty to breaking sanctions and money laundering. Binance is set to pay $4.3 billion to settle the criminal charges, one of the largest penalties ever obtained by the US from a corporate defendant. Will Binance, US and otherwise, survive the courthouse trashing of its reputation? Will other […]

Morgan Stanley Says Smartphone Sales to Rebound Due to AI
Science & Technology

Morgan Stanley Says Smartphone Sales to Rebound Due to AI

Analysts at Goldman Sachs and Morgan Stanley predict that sales volumes will recover in the smartphone market next year, despite numerous warnings that the current downturn in this commercial space will be long-term and so far has no signs of ending soon.

Mastercard Unveils Gen-AI Assistant Shopping Muse
Fintech & Ecommerce

Mastercard Unveils Gen-AI Assistant Shopping Muse

Advanced generative AI tool by Mastercard reimagines the search and discovery of products in retailers’ digital catalogues.

China’s AI Chipmaker Biren Wins Secures Pledge of $280 Million
Science & Technology

China’s AI Chipmaker Biren Wins Secures Pledge of $280 Million

The Chinese company Shanghai Biren Intelligent Technology Co., which specializes in manufacturing activities for making chips for use in artificial intelligence systems, received financial funds for 2 billion yuan ($280 million) as collateral from investors.

Judge Blocks TikTok Ban in Montana
Science & Technology

Judge Blocks TikTok Ban in Montana

Last Thursday, November 30, in the United States, a federal judge’s decision temporarily halted a ban on a virtual platform for creating and watching short videos and online broadcasts of TikTok in Montana, which was supposed to take effect in early 2024.

Australians Increasingly Use Crypto for Retirement Funds
Blockchain & Crypto

Australians Increasingly Use Crypto for Retirement Funds

A recent report shows a 400% growth of crypto assets share in “self-managed super funds” used by Australians as a means to secure their retirement life.

Robinhood App Now Available in UK
Fintech & Ecommerce

Robinhood App Now Available in UK

UK customers can now trade US stocks via Robinhood brokerage without extra commission or foreign exchange fees.

Jack Dorsey Backs Decentralized Bitcoin Mining Project In $6.2M Seed Round
Blockchain & Crypto

Jack Dorsey Backs Decentralized Bitcoin Mining Project In $6.2M Seed Round

Former Twitter (now X) chief, current Block CEO and avid Bitcoin supporter Jack Dorsey became one of the main investors in a $6.2M seed funding round for OCEAN, a decentralized crypto mining pool startup.

ResponsAbility Launches Climate Investment Strategy for Asia
Society & Lifestyle

ResponsAbility Launches Climate Investment Strategy for Asia

Swiss firm responsAbility partnered with Germany’s development bank KfW and the Dutch development bank FMO to make an active contribution to carbon dioxide reduction in Asia through targeted climate investments.

Eurozone Inflation Shows Decline
Finance & Economics

Eurozone Inflation Shows Decline

In November, the dynamic of the decline in inflation in the eurozone turned out to be more intense than expected.

EU Lawmakers Call For Metaverse Strategy
Blockchain & Crypto

EU Lawmakers Call For Metaverse Strategy

The European Parliament Committee wants the EU to lead metaverse development and reduce the bloc’s technological dependency.

Nvidia CEO Says About Prospects of AI Competitiveness
Science & Technology

Nvidia CEO Says About Prospects of AI Competitiveness

Nvidia CEO Jensen Huang last Wednesday, November 29, during a speech at the annual DealBook summit in New York, said that artificial intelligence is gaining on humans.

Amazon Presents AI-Powered Image Generator
Science & Technology

Amazon Presents AI-Powered Image Generator

Amazon Web Services (AWS) has presented its new development based on artificial intelligence, which is capable of generating images.

China’s Manufacturing Activity Shrinks
Finance & Economics

China’s Manufacturing Activity Shrinks

In November, China recorded a decrease in the level of activity in the manufacturing sector and sphere of services.

JPMorgan Chase CEO Warns of Recession Risk
Finance & Economics

JPMorgan Chase CEO Warns of Recession Risk

JPMorgan Chase CEO Jamie Dimon last Wednesday, November 29, during a speech at the New York Times DealBook 2023 summit in New York, said that the likelihood of a recession in the United States cannot be ruled out.

Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical
Blockchain & Crypto

Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical

A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.