News - page 268

Morgan Stanley Downgrades Palantir Technologies
Finance & Economics

Morgan Stanley Downgrades Palantir Technologies

Palantir Technologies has been downgraded at Morgan Stanley, which is the latest signal of Wall Street’s skepticism about this company specializing in software development and positioning itself as a major player in the sphere of artificial intelligence.

AI Startup Cohere Reportedly Taps JPMorgan and Goldman Sachs for Financing
Science & Technology

AI Startup Cohere Reportedly Taps JPMorgan and Goldman Sachs for Financing

The media, citing insiders, reported that Cohere, which operates in the field of artificial intelligence and receives support from investors, including Oracle and Nvidia, is currently interacting with banks in preparation for a new round of financing a few months after the completion of the previous one.

UBS Outlines Major Targets for Its Integration of Credit Suisse
Finance & Economics

UBS Outlines Major Targets for Its Integration of Credit Suisse

UBS Group AG has outlined the main goals of integration with its former competitor Credit Suisse.

British Parliamentarians Question Prospects of UK Leadership in AI Regulation
Science & Technology

British Parliamentarians Question Prospects of UK Leadership in AI Regulation

In the United Kingdom, parliamentarians said that the country’s Prime Minister Rishi Sunak’s plan to make the UK a leader in the regulation of artificial intelligence is under threat.

Atom Bank Partners With Assetz Capital for Commercial Mortgage Access
Fintech & Ecommerce

Atom Bank Partners With Assetz Capital for Commercial Mortgage Access

Assetz Capital will act as a key distribution partner for Atom commercial mortgage loan applications covering all UK regions

Google Experiments With Watermarks for AI Image Identification
Science & Technology

Google Experiments With Watermarks for AI Image Identification

Google has introduced a technology that embeds a digital watermark directly into the pixels of an image, making it invisible to the human eye, but able to perform AI-generated image identification

Court Favours Grayscale Over SEC in Spot Bitcoin ETF Case
Blockchain & Crypto

Court Favours Grayscale Over SEC in Spot Bitcoin ETF Case

Despite the legal victory of Grayscale, it’s too early for spot Bitcoin ETF proponents to cheer

Baidu Reportedly to Get China Approval for AI Models
Science & Technology

Baidu Reportedly to Get China Approval for AI Models

The media reported that this week China will approve the first batch of generating artificial intelligence services for public implementation.

Startup Hyperproof Raises $40 Million
Science & Technology

Startup Hyperproof Raises $40 Million

Hyperproof, which provides software as a service, on Wednesday, August 30, announced that following the results of a funding round led by Riverwood Capital and with the participation of the venture capital firm Toba Capital, which is at an early stage of development, it managed to raise $40 million.

Praso Acquires Floki’s IP
Fintech & Ecommerce

Praso Acquires Floki’s IP

The Brazilian company Praso, which provides a distribution platform for small retailers, announced the raising of $9.3 million in investment funds and announced the acquisition of the intellectual property of Floki, a brand that uses AI to automate purchases in small bars and restaurants.

Amazon Acquires Company Fig
Fintech & Ecommerce

Amazon Acquires Company Fig

Amazon has expanded its ownership structure as a result of the acquisition of Fig, which is a manufacturer of an autocomplete tool for terminals used by developers.

OpenAI Approaches $1 Billion of Annual Sales
Science & Technology

OpenAI Approaches $1 Billion of Annual Sales

The media reported that the annual revenue of OpenAI is approaching the landmark mark of $1 billion.

JPMorgan Boosts Its Stake in Brazil’s C6 Bank
Finance & Economics

JPMorgan Boosts Its Stake in Brazil’s C6 Bank

JPMorgan has announced an increase in its stake in a Brazilian digital bank called C6 Bank.

Google Adds AI Models from Meta and Anthropic to Its Cloud Platform
Science & Technology

Google Adds AI Models from Meta and Anthropic to Its Cloud Platform

Google is adding artificial intelligence tools from Meta Platforms and Anthropic to its cloud platform.

IT Company Kainos to Invest £10 Million in AI
Science & Technology

IT Company Kainos to Invest £10 Million in AI

IT company Kainos, which is based in Belfast, announced its intention to invest 10 million pounds in the implementation of efforts to integrate generative artificial intelligence into its business.

Amazon Tests Higher Free Shipping Threshold
Fintech & Ecommerce

Amazon Tests Higher Free Shipping Threshold

Amazon is currently testing a minimum purchase requirement of $35 to receive a free shipping service for customers who are not members of the Prime loyalty program.