News - page 243

Wells Fargo CEO Says About Potential Consequences of Fed Asset Cap
Finance & Economics

Wells Fargo CEO Says About Potential Consequences of Fed Asset Cap

Chief Executive Officer of Wells Fargo & Co. Charlie Scharf said that the limitation of the assets of the Federal Reserve System is currently not a factor of significant influence on the process of activity of the financial institution he heads, but suggests that the situation will change in the future.

Nvidia to Help Build Out AI Ecosystem in Japan
Science & Technology

Nvidia to Help Build Out AI Ecosystem in Japan

Nvidia intends to participate in the process of creating an artificial intelligence ecosystem in Japan.

Mistral AI Plans to Raise $487 Million
Science & Technology

Mistral AI Plans to Raise $487 Million

The French startup Mistral AI, which operates in the artificial intelligence industry, intends to raise funds for about €450 million ($487 million) as part of its latest financing round.

Bumble Launches AI-Powered Conversation Starters and Plans for Friends
Science & Technology

Bumble Launches AI-Powered Conversation Starters and Plans for Friends

Bumble For Friends, which in the digital age helps people communicate with each other and find new friends in the virtual space, announced the launch of two functional solutions called Conversation Starters and Plans.

Foxconn Reports Rise in November Revenue
Science & Technology

Foxconn Reports Rise in November Revenue

Foxconn, the main smartphone manufacturer of the iPhone line, which is part of the Apple product range, reported an improvement in dynamic sales in November.

Moody’s Changes China Credit Outlook to Negative
Finance & Economics

Moody’s Changes China Credit Outlook to Negative

Moody’s Investors Service has changed the forecast for Chinese sovereign bonds, lowering the corresponding indicator to negative.

Amazon and USAID Distribute 3 Grants to Women-Led Climate Projects in Africa
Society & Lifestyle

Amazon and USAID Distribute 3 Grants to Women-Led Climate Projects in Africa

Amazon-backed Climate Gender Equity Fund (CGEF) has selected the first cohort of women-led organizations focused on advancing gender-equitable climate action in Africa to receive grants for their activities.

Škoda Launches Pay to Fuel Service
Fintech & Ecommerce

Škoda Launches Pay to Fuel Service

Drivers of Škoda ICE vehicles in select European countries are now able to pay for fuel via their in-car dashboard touchscreen using the Pay to Fuel service.

Payment Ring Users Won’t Replace It With Another Payment Method
Fintech & Ecommerce

Payment Ring Users Won’t Replace It With Another Payment Method

Nine in ten European payment ring users prefer this payment method to all others, according to a recent survey.

Goldman Sachs Favors Options to Counter Intensive Rate-Cut Pricing
Finance & Economics

Goldman Sachs Favors Options to Counter Intensive Rate-Cut Pricing

Goldman Sachs thinks that there is currently an overly optimistic mood in the financial markets regarding the possible range of interest rate cuts by the Federal Reserve next year.

Jeremy Hunt Blames Brexit for Instability
Finance & Economics

Jeremy Hunt Blames Brexit for Instability

British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.

Mario Centeno Says About Significance of European Job Market for EU Economy
Finance & Economics

Mario Centeno Says About Significance of European Job Market for EU Economy

Mario Centeno, a member of the Governing Council of the European Central Bank (ECB), told colleagues that it was highly likely that the consequences of excessive tightening for the European labor market could be rapid during the recovery of the economic system of the region.

Itau Unibanco Offers Bitcoin Trading
Blockchain & Crypto

Itau Unibanco Offers Bitcoin Trading

Largest private lender in Brazil Itau Unibanco enters the crypto arena with bitcoin trading service.

Carbfix Puts CO2 Into Stone to Mitigate Climate Change
Science & Technology

Carbfix Puts CO2 Into Stone to Mitigate Climate Change

Iceland-based startup Carbfix has developed a revolutionary technology that mixes CO2 with water and injects it into basalt rock for storage, thus, mitigating climate change.

Chinese Borrowers Reportedly Face Ban on Mobile Payments
Finance & Economics

Chinese Borrowers Reportedly Face Ban on Mobile Payments

Media reports that in China, millions of local consumers are faced with the problem of blocking access to mobile payment apps.

Meta’s Chief Scientist Doubts Imminent Appearance of Artificial Super Intelligence
Science & Technology

Meta’s Chief Scientist Doubts Imminent Appearance of Artificial Super Intelligence

Yann LeCun, chief researcher at Meta and a pioneer of deep learning, believes that current artificial intelligence systems will have to go through a development path lasting several decades before these AI configurations will get some semblance of sentience, having a core in the form of the common sense, expanding their capabilities beyond the creative […]