News - page 35

Science & Technology

Texas Instruments Gives Dour Q1 Profit Forecast

Texas Instruments has published a profit forecast for the first quarter of the current year, which turned out to be lower than analysts’ preliminary expectations regarding the dynamic of the corresponding indicator.

Science & Technology

Meta Plans to Spend as Much as $65 Billion on AI Efforts in 2025

Meta Platforms Inc. chief executive officer Mark Zuckerberg said on Friday, January 24, that in the current year, this technology giant intends to invest up to $65 billion in projects related to artificial intelligence.

Finance & Economics

Bank of Japan Raises Interest Rates

On Friday, January 24, the Bank of Japan decided to raise interest rates to the highest level since the global financial crisis of 2008.

Fintech & Ecommerce

JPMorgan, Goldman Sachs Refuse to Roll Back Diversity Programs Despite Anti-DEI Activist Pressure

Despite increasing pressure from anti-DEI activists fueled by recent political shifts, several financial institutions, including Goldman Sachs and JPMorgan Chase, have chosen to maintain or even strengthen their DEI programs.

Blockchain & Crypto

US to Form National Digital Asset Stockpile

The new President administration intends to position the U.S. as a leader in the crypto sector, aiming to establish a strategic national digital asset stockpile, potentially comprising cryptocurrencies lawfully seized by the federal government.

Finance & Economics

Citi Says Asian Tech Fundraising to Increase in 2025

Citi predicts an increase in momentum in Asian fundraising for technology companies in the current year.

Science & Technology

SK Hynix Reports Earnings

South Korean company SK Hynix, one of the largest manufacturers of memory chips in the world, on Thursday, January 23, published information about its earnings for the fourth quarter of 2024.

Finance & Economics

Survey Shows American Firms in China Fearful of Washington-Beijing Trade Turmoil

More than half of American businesses in China are currently concerned that the condition of interaction between the world’s two largest economies is nowadays on a downward trajectory.

Science & Technology

OpenAI Introduces Operator

OpenAI takes the functionality of its chatbot ChatGPT to a new level.

Science & Technology

Netflix Shares Hit Record

On Wednesday, January 22, the value of Netflix shares increased by 13%, reaching an all-time high after the streaming giant, betting heavily on sports, was able to add 18.9 million subscribers in the holiday quarter, reinforcing the already significant advantages of the brand over other industry players.

Fintech & Ecommerce

Ally Sells Credit Card Business to CardWorks

Ally Financial has sold its credit card business to Cardworks, a company that specializes in consumer finance.

Finance & Economics

Capital One’s Card Purchase Volumes Demonstrate Growth

Last Tuesday, January 21, Capital One published information on the results of its activities for the fourth quarter of 2024.

Finance & Economics

Goldman Sachs Launches Internal Gen AI Assistant

Goldman Sachs has launched an AI-powered assistant for its employees to enhance wealth management services. The firm hopes this smart tool will absorb Goldman’s corporate culture over the coming years making its assistance akin to the one provided by the company’s seasoned banker.

Science & Technology

Truecaller Expands on iOS

Truecaller brings its real-time caller ID and automated spam call blocking to iOS for the first time in a major update.

Science & Technology

SoftBank, OpenAI, Oracle Launch $500B AI Infrastructure Project

Stargate Project, a new company supported by SoftBank, OpenAI, Oracle, and MGX, aims to invest $500 billion over the next four years to build robust AI infrastructure in the United States.

Science & Technology

Oracle Launches AI Agents for Sales Professionals

Oracle on Tuesday, January 21, released a new set of artificial intelligence agents designed to help salespeople solve several tasks related to customer dealing.