News - page 283

JPMorgan Fund Bets Asia Chip Stocks
Finance & Economics

JPMorgan Fund Bets Asia Chip Stocks

The $1.4 billion fund, which is currently managed by JPMorgan Asset Management, is betting on shares of Asian companies whose activities are related to the supply of chips and which are trying to catch up with their American counterparts.

TikTok Partners With Atome for Malaysia E-Commerce
Fintech & Ecommerce

TikTok Partners With Atome for Malaysia E-Commerce

TikTok’s e-commerce unit announced that it has reached an agreement on a partnership with the fintech platform Atome, which is part of the ownership structure of Advance Intelligence Group.

UK Regulator to Roll Out Isolated Environment for Testing Financial Apps
Fintech & Ecommerce

UK Regulator to Roll Out Isolated Environment for Testing Financial Apps

The Financial Conduct Authority of the United Kingdom (FCA) intends in the foreseeable future to provide companies with access to an isolated technological environment in which firms will be able to test the functioning of their digital products at an early stage of development.

Myanmar Shadow Government to Launch Neobank to Finance Fight Against Military Junta
Finance & Economics

Myanmar Shadow Government to Launch Neobank to Finance Fight Against Military Junta

The shadow government of Myanmar, the National Unity Government (NUG), plans to create a neobank, whose activities will be carried out on the Polygon platform.

Mizuho to Create Fund to Support Japanese Tech Startups
Finance & Economics

Mizuho to Create Fund to Support Japanese Tech Startups

Mizuho Financial Group announced plans to create a debt fund that will focus on supporting Japanese startups operating in the technology sector.

Apple Reportedly Works On AI Tools
Science & Technology

Apple Reportedly Works On AI Tools

The media reports that Apple is currently actively developing artificial intelligence tools.

Netflix Reduces Availability of Ad-Free Plan
Society & Lifestyle

Netflix Reduces Availability of Ad-Free Plan

Netflix announced a restriction on the availability of the cheapest monthly tariff plan, which provides for the absence of advertising.

Citi Rolls Out Working Capital Loans
Finance & Economics

Citi Rolls Out Working Capital Loans

Citi announced its intention to meet the working capital needs of commercial clients as part of its activities.

Microsoft CEO Defends AI Pricetag
Science & Technology

Microsoft CEO Defends AI Pricetag

The CEO of Microsoft said that the decision of the technology giant to charge a fee of $30 per month for consumers’ access to artificial intelligence functions was fair and justified.

Societe Generale Unit Gets Crypto License
Blockchain & Crypto

Societe Generale Unit Gets Crypto License

The blockchain unit of Societe Generale announced the receipt of a license, which was issued within the framework of the new cryptography rules in France.

Westpac Splits Consumer and Business Banking Unit
Finance & Economics

Westpac Splits Consumer and Business Banking Unit

The combined Westpac business unit is going to be split into two, each with its own CEO

Meta and Microsoft Launch New AI LLM Llama 2
Science & Technology

Meta and Microsoft Launch New AI LLM Llama 2

The new AI open-source large language model from Meta and Microsoft is trained on 40% more public data and can process twice as much context as Llama 1: can it compete with ChatGPT?

Softbank Invests in AI Company Tractable
Science & Technology

Softbank Invests in AI Company Tractable

Tractable, which has created computer vision and related artificial intelligence designed to remotely assess damage to property and vehicles, has raised investment funds in the amount of $65 million following the results of the Series E funding round.

Spain Antitrust Watchdog Fines Amazon and Apple
Fintech & Ecommerce

Spain Antitrust Watchdog Fines Amazon and Apple

In Spain, the local antitrust regulator fined Amazon and Apple.

LG Unveils New Version of AI Software
Science & Technology

LG Unveils New Version of AI Software

The South Korean company LG Group presented a new version of its software for artificial intelligence Exaone and demonstrated its use in various fields of business and industry.

Nordea Is a New Owner of Danske Bank Norway Business
Finance & Economics

Nordea Is a New Owner of Danske Bank Norway Business

The Nordic region’s biggest bank Nordea is to acquire the Norwegian personal customer and private banking business of Danske Bank