Klarna Reports Third-Quarter Earnings
The growth in the use of the financial service Buy Now, Pay Later by American consumers helped the Swedish company Klarna to record a profit in the third quarter of this year.
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UBS Reports Loss on Costs of Credit Suisse Takeover
UBS has faced significant losses in the first full quarter since the acquisition of Credit Suisse, a lender that competed with this bank and was on the verge of collapse, was completed.
Mamaearth Share Price Debuts at 2% Premium on NSE
Shares of Mamaearth parent company debuted at nearly 2% premium over the IPO price on the National Stock Exchange (NSE).
Chinese AI Unicorn 01.AI Plans to Rival Meta’s Llama 2
Media reports that a Chinese startup 01.AI achieved unicorn status less than eight months after launch.
German Companies Invest Over $500 Million In AI Startup Aleph Alpha
Aleph Alpha GmbH, a startup operating in the sphere of artificial intelligence, and striving to create a European competitor to large language models developed by OpenAI and Google, managed to raise investment funds for more than $500 million from a consortium of industrial giants and financial investors.
Elon Musk Unveils AI Chatbot Grok
Elon Musk’s company xAI presented a chatbot based on artificial intelligence called Grok.
Bank of Japan Governor Signals Low Probability of Ending Negative Rate in 2023
The governor of the Bank of Japan, Kazuo Ueda, hinted at an extremely low level of probability that by the end of this year, politicians will have data providing them with a reason sufficient to announce the end of the period of negative interest rates.
Google, Amazon and Microsoft Invest in Cloud Computing
The media reports that with the development of generative artificial intelligence systems, there is an increase in the spending of global cloud computing giants.
Volume of Foreign Investments in Chinese Economy Shows Decline
Currently, China, which is the second economy in the world, is making active efforts to attract foreign investment and is striving to ensure that companies from other countries do business in this Asian state.
NSE Diwali Muhurat Trading Date Revealed
The National Stock Exchange (NSE) announced the timings for the Muhurat Trading Session 2023 on the occasion of Diwali considered auspicious by many investors.
Bank of England Warns of Zero Growth in British Economy Until 2025
The Bank of England has warned that the economy of the United Kingdom is highly likely to continue to show zero growth until 2025 against the background of high-interest rates or even a continued increase in this indicator.
Bank of England Official Says Technology Increases Risk of Bankruptcy
The use of technology in the banking sector increases the risk of bankruptcy of financial institutions, which is why regulators should take measures to ensure that maintain adequate liquidity insurance by lenders.
Apple Warns of Sluggish Holiday Quarter in China
Apple, which has already faced the problem of slowing down the growth of its business in China, warned that by the end of the fourth quarter of this year, the revenue of the company will be approximately the same as from the same period in 2022.
French Finance Minister Says Nvidia’s AI Dominance Stifles Competition
French Finance Minister Bruno Le Maire said that the dominance of the American company Nvidia in the sphere of artificial intelligence, which shows a trend of steady growth, negatively affects the situation in the industry from the point of view of competition.
China Plans to Build Advanced Humanoid Robots
China intends to make a breakthrough in the science fiction industry by creating humanoid robots.
AllianzGI Taiwan Predicts Growth of Chipmakers’ Earnings
There is a possibility that the Taiwanese stock indices will begin to show a positive dynamic of recovery next year, despite the unfavorable state of affairs in the geopolitical space and concerns related to the possible aggravation of the situation in this environment.
