News - page 285

Citigroup Fixes Personal Banking Revenue Growth in US
Finance & Economics

Citigroup Fixes Personal Banking Revenue Growth in US

Citigroup reported that by the end of the second quarter of this year in the United States, the revenue received by this financial institution as a result of the provision of personal banking services increased by 11% compared to the indicator for the same period in 2022 and amounted to $4.6 billion.

Trials of Binance: Are the Accusations True?
Blockchain & Crypto

Trials of Binance: Are the Accusations True?

13 charges from the SEC piling on accusations of regulatory evasion by the CFTC. Denouncement, investigations, and severance of banking relationships with over 7 countries. Outflows in the billions (US dollars, fortunately). Binance is going through it. The onslaught of financial, regulatory, and social pressure exuded onto the crypto industry through execution in effigy of […]

Indian Tech Giant Wipro to Invest $1 Billion in AI
Science & Technology

Indian Tech Giant Wipro to Invest $1 Billion in AI

Wipro, one of the leading software providers in India, intends to train all its employees to use artificial intelligence.

Top China Mutual Fund Bets on AI Stocks for Recovery
Finance & Economics

Top China Mutual Fund Bets on AI Stocks for Recovery

China’s most highly performing mutual fund, Soochow Mobile, is currently preparing for the recovery of onshore shares.

Bank of America Uses AI to Train New Hires
Fintech & Ecommerce

Bank of America Uses AI to Train New Hires

Bank of America uses artificial intelligence, Metaverse, and virtual reality to train 2,000 of its new employees as part of an immersive program.

Stability AI Co-Founder Says About Forcing Sale of Stake in Company
Society & Lifestyle

Stability AI Co-Founder Says About Forcing Sale of Stake in Company

The co-founder of Stability AI sued this company, stating that manipulation was used against him, containing deception at its core, because of which he was forced to sell his stake in the company for $100.

Silo Technologies Raises $132 Million
Finance & Economics

Silo Technologies Raises $132 Million

Silo Technologies reported that it managed to raise investment funds for $132 million.

Meta Reportedly to Launch Commercial Version of Its AI Tool
Science & Technology

Meta Reportedly to Launch Commercial Version of Its AI Tool

The media reported that Meta is currently working on creating a commercial version of its artificial intelligence tool.

Elon Musk Launches AI Company
Science & Technology

Elon Musk Launches AI Company

Elon Musk announced the creation of the company xAI, which will carry out activities in the area of artificial intelligence.

Amazon Prime Day Boosts Online Sales in US
Fintech & Ecommerce

Amazon Prime Day Boosts Online Sales in US

During the first 24 hours of Amazon Prime Day, American Internet users spent $6.4 billion on making purchases on virtual commercial platforms.

Google Launches AI Chatbot in Europe
Science & Technology

Google Launches AI Chatbot in Europe

Google announced the launch of Bard, an artificial intelligence-based chatbot, in Europe and Brazil.

China Publishes Final Version of Rules for Use of Generative AI
Science & Technology

China Publishes Final Version of Rules for Use of Generative AI

The Chinese authorities have published a list of operating principles for generative artificial intelligence services.

Monzo Evaluates Possible Merger With Lunar
Finance & Economics

Monzo Evaluates Possible Merger With Lunar

The British mobile bank Monzo is currently assessing the potential prospects of a merger with the Danish financial institution Nordic peer Lunar Group A/S, as reported by the media concerning sources aware of the relevant intentions of the digital lender.

JPMorgan Boosts Business
Finance & Economics

JPMorgan Boosts Business

The March collapse of the Silicon Valley Bank was a kind of signal for JPMorgan to take action aimed at filling the vacuum in the part of the financial system where the interaction of creditors with startups was developing.

eBay Acquires AI-Powered Product Authentication Company Certilogo
Fintech & Ecommerce

eBay Acquires AI-Powered Product Authentication Company Certilogo

eBay on Tuesday, July 11, announced the completion of the acquisition of the company Certifogo, which provides digital identifiers and authentication of clothing and fashion products based on artificial intelligence.

Prolific Raises $32 Million to Train and Stress-Test AI Models
Science & Technology

Prolific Raises $32 Million to Train and Stress-Test AI Models

The London-based startup Prolific, which operates in the field of artificial intelligence, announced the raising of investment funds in the amount of $32 million following the results of the financing round.