X Closes Its Operations in Brazil
The social media platform X, formerly known as Twitter, announced the immediate termination of its operations in Brazil, one of the largest media markets in Latin America.
News - page 35
US Appeals Court Revives Privacy Action by Google Chrome Users
The United States Court of Appeals has ruled that the Internet search giant Google must respond to a renewed class action lawsuit by Chrome browser users who claimed that the company was involved in the practice of collecting their data classified as confidential information without first obtaining permission to carry out relevant activities.
OpenAI Rolls Out Fine-Tuning Feature for GPT-4o
OpenAI launched fine-tuning for GPT-4o and stated that as a result of using this new feature, developers will be able to increase the level of performance and improve such an aspect of their apps as accuracy.
Analysts Say About China’s Lagging in Cut-Edge Chips Manufacturing
Data from a new study suggests that, as of today, China is about five years behind the world leaders in the area of high-end logic chip production and continues to be at a significant distance from the leadership in the semiconductor equipment manufacturing sector.
TSMC Breaks Ground on €10 Billion German Plant
Taiwan Semiconductor Manufacturing Co. (TSMC) has broken ground its first production site in Europe.
Celebrating Innovation and Financial Inclusion at the 15th Edition Connected Banking Summit – Ethiopia 2024
Addis Ababa, Ethiopia – August 14, 2024 – Ethiopian Skylight Hotel – The Ethiopian Skylight Hotel in Addis Ababa became the center of innovation and excellence on August 14th, 2024, as it hosted the 15th Edition Connected Banking Summit – Ethiopia Innovation & Excellence Awards 2024. This significant event celebrated outstanding achievements in the banking […]
Technology Giants Boost Hong Kong Stocks
Hong Kong stock indexes on Monday, August 19, showed growth against the background of the rising value of shares of technology companies.
AI Chip Makers Rebellions and Sapeon Agree to Merge
The South Korean companies Rebellions Inc. and Sapeon Korea Inc., which specialize in carrying out activities in the chip manufacturing sector necessary for training and ensuring the subsequent operation of artificial intelligence systems, have signed a final merger agreement.
AMD to Acquire Server Maker ZT Systems
It became known that Advanced Micro Devices (AMD) Inc. has reached an agreement on the implementation of the deal for the acquisition of ZT Systems, which specializes in the implementation of server manufacturing activities.
Traders Need Fed’s Signal to Keep Stocks Rallying
Wall Street is betting that Federal Reserve Chairman Jerome Powell at the central bank’s annual confab in Jackson Hole, Wyoming, will confirm the intention of the United States financial regulator to decide on monetary easing, implying cutting interest rates.
Goldman Sachs Cuts US Recession Risk
Goldman Sachs Group Inc. experts have revised their forecast regarding the risk of recession in the United States economic system, reducing the probability of the realization of the corresponding scenario next year from 25% to 20%.
Kiteworks Raises $456 Million
Kiteworks has announced that it has raised a $456 million growth equity investment.
Jerome Powell Reportedly Huddles With Bank CEOs to Avoid Legal Fight Over Capital Plan
The media reports that the chairman of the Federal Reserve System, Jerome Powell, took part in a closed meeting with bank executives and urged them to cooperate with the financial regulator of the United States to avoid years of litigation over the proposal of the administration of US President Joe Biden on capital.
Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department
Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.
Ex-Google CEO Sees Nvidia as Big AI Winner
Eric Schmidt, who headed Google for ten years, during a conversation with Stanford students, said that not being an investment consultant, he sees an obvious play on the stock market, which did not involve buying shares of his former employer.
Revolut Signs Agreements With Investors for Secondary Share Sale
Revolut has signed secondary share sale agreements with investors.
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