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.
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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
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
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
In Spain, the local antitrust regulator fined Amazon and Apple.
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
The Nordic region’s biggest bank Nordea is to acquire the Norwegian personal customer and private banking business of Danske Bank
Foxconn Buys Apple Equipment
Over the past year, Foxconn Technology Group has acquired from Apple the equipment necessary to establish production activities, with a total value of $33 billion.
Singapore Becomes Command Center for ASEAN Fintech: Report
PwC Singapore, Singapore Economic Development Board (EDB) and Singapore FinTech Association (SFA) revealed the growth trends of the financial technology industry in Singapore
Futureverse Raises $54 Million
Futureverse company, which is a business structure consisting of 11 startups of various specializations, including blockchain, metaverse, games, and artificial intelligence, has raised $54 million in investment funds.
Isometric Allocates $25 Million to Build Science Platform Focused on Carbon Removal
According to the results of the funding round, the London-based startup Isometric received investment funds for $25 million, which will be used to implement initiatives in the field of combating climate change.
Indonesia and India Can Sign Cross-Border Payments Pact
The media reports that India and Indonesia intend to combine their fast payment systems.
SEC Chair Says About Developing Rules for AI Use
The U.S. Securities and Exchange Commission (SEC) plans to use its current powers to carry out activities to regulate the use of artificial intelligence-based tools.
CFPB and European Commission Start Discussion About Digitization of Finance
Didier Reynders, Commissioner of the European Commission for Justice and Consumer Protection, and Rohit Chopra, Director of the U.S. Consumer Financial Protection Bureau (CFPB), on Monday, July 17, announced the beginning of a dialogue on some issues related to the digitalization of the financial industry.
Visa & Mastercard Sued by Block in Another Antitrust Lawsuit
Block, the company behind the Square payment platform, alleges Visa and Mastercard conspired to inflate interchange fees
Call of Duty to Remain on Playstation After Activision Blizzard Deal With Microsoft
Microsoft has signed an agreement with Sony, according to which the Call of Duty video game will remain available on PlayStation after the tech giant implements a $69 billion takeover deal for Activision Blizzard.
