AMD Reports Earnings
Advanced Micro Devices (AMD) last Tuesday, February 4, published information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations.
News - page 31
Cashfree Payments Secures $53M to Boost Market Reach
The Indian fintech startup Cashfree Payments has raised $53 million in a Series C funding round to accelerate the market growth of its innovative payment solutions across multiple digital sectors.
Chinese Tech Firms Integrate DeepSeek LLM
Chinese AI startup DeepSeek is rapidly being adopted among domestic tech firms, particularly in the cloud services and semiconductor sectors.
Panasonic to Restructure Century-Old Business Focusing on AI
Panasonic plans to restructure its operations to support a strategic shift towards artificial intelligence (AI).
Fintech Firm Jack Henry Reports Earnings
Fintech company Jack Henry & Associates on Tuesday, February 4, reported a 6.4% increase in its profit for the second fiscal quarter, as consumer demand for this firm’s services in the financial technology area remained robust.
Worldpay Acquires Ravelin
Worldpay has agreed to acquire London-headquartered artificial intelligence-native fraud prevention platform Ravelin.
UBS Reports Earnings
The value of UBS shares turned out to be on a downward trajectory after this lender published its results for the fourth quarter of 2024 and disappointing $3 billion share buyback plans.
China Unveils Series of Retaliatory Measures Against US
China on Tuesday, February 4, announced a broad package of economic measures against the United States as part of retaliatory actions, which were decided by Beijing after US President Donald Trump imposed 10% tariffs on goods imported from the Asian country.
Olas Secures $13.8M Funding to Launch AI Agent App Store
Olas has just secured $13.8M to unveil Pearl, the world’s first “agent app store” that lets anyone deploy and manage AI agents as effortlessly as downloading an app.
SoftBank and OpenAI Unveil Japan Joint Venture
SoftBank Group chief executive officer Masayoshi Son on Monday, February 3, announced that he has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to corporate clients.
Donald Trump Announces Pause on US Tariffs on Canada
President of the United States Donald Trump is pausing the imposition of planned tariffs on goods imported from Canada.
Indian Crypto Holders Face Penalty on Undisclosed Gains
In India, cryptocurrency traders may face significant tax penalties due to previously undisclosed profits under new amendments to the tax legislation of this South Asian country.
Palantir Shares Demonstrate Growth
The value of Palantir shares on Monday, February 3, showed an increase of as much as 23% after this company, based in Palo Alto, California, and specializing in software development activities, published information about its earnings for the fourth quarter of 2024, which exceeded the preliminary expectations of Wall Street analysts.
Crypto Market Liquidations Reportedly Reach $10 Billion
According to Bybit’s chief executive officer, a recent correction in the cryptocurrency market may have caused capital liquidation of up to $10 billion, which is an indicator exceeding previous estimates.
Donald Trump Delays Mexico Tariffs
President of the United States Donald Trump on Monday, February 3, announced his agreement to immediately pause tariffs on goods imported from Mexico, after, according to him, a very friendly conversation with the president of the mentioned country, Claudia Sheinbaum.
Apollo Starts Tokenized Private Credit Fund
Private equity company Apollo Global Management, in partnership with Securitize, has launched a tokenized private credit fund.
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