News - page 48

Science & Technology

Meta Releases New AI Model

Meta last Thursday, December 12, announced that it was releasing a new artificial intelligence model called Motivo, which can control the movements of a human-like digital agent and potentially enhance the Metaverse experience.

Science & Technology

Shares of Broadcom Demonstrate Growth

The value of Broadcom shares showed growth on Friday, December 13, which amounted to 14%, and an indicator of the market capitalization of this chip manufacturer, which headquarters are located in Palo Alto. California is approaching the iconic $1 trillion mark.

Blockchain & Crypto

UK Banking Regulator Requests Data on Crypto Exposure

British regulator wants local UK firms to provide information about their current and expected future crypto asset exposures as well as the application of the Basel framework for the prudential treatment of crypto assets.

Blockchain & Crypto

Binance Sees $24B Customer Deposit Inflows in 2024

Binance attributes the growth in customer deposit inflows to a global surge in the adoption of digital assets, historic price milstones, and the increasing regulatory clarity regarding cryptocurrency status.

Science & Technology

AI Startup Vapi Raises $20 Million

Vapi startup, which is based in San Francisco and helps businesses to deploy voice agents powered by artificial intelligence, on Thursday announced that it had raised investments worth $20 million.

Finance & Economics

US Wholesale Inflation Demonstrates Acceleration

Last month, the United States recorded a sharp acceleration in the growth rate of wholesale inflation, which is an undesirable sign that some prices may increase before they come down the pike to consumers.

Finance & Economics

Swiss National Bank Cuts Interest Rates Again

The Swiss National Bank on Thursday, December 12, decided to cut its key interest rate by 50 basis points.

Finance & Economics

China Stresses Plans to Boost Economic Growth

China has confirmed the recent shift in its policy and stressed plans to accelerate economic growth, which is currently facing a clear lack of upward momentum in this Asian country.

Finance & Economics

ECB Cuts Interest Rates by Quarter Point

The European Central Bank on Thursday, December 12, adopted the fourth decision since the beginning of the current year on cutting interest rates, which corresponds to the preliminary expectations of experts regarding the actions of this financial regulator in the context of the dynamic of monetary policy.

Fintech & Ecommerce

Equipifi and Synergent Partner to Expand Credit Union Access to BNPL

U.S. fintech equipifi and a service organisation Synergent have formed a strategic partnership to enhance the ability of credit unions to offer Buy Now, Pay Later (BNPL) solutions directly within their digital banking platforms.

Science & Technology

Adobe to Boost Firefly AI Platform With Video Generation

Adobe plans to leverage new AI video generation technology to create new pricing tiers in its Creative Cloud offerings.

Fintech & Ecommerce

Klarna Is Available at Checkout on Apple Pay in Canada

Users in Canada checking out with Apple Pay online or in apps can now benefit from the flexible payment options offered by leading European BNPL provider Klarna.

Fintech & Ecommerce

Mynt Raises $23 Million

Mynt, a spend management solution focused on small and medium-sized businesses in Nordic countries, raised investments worth 22 million euros (about $23 million) as part of the Series B funding round.

Science & Technology

Google Launches First of Its Gemini 2.0 AI Models

Google on Wednesday, December 11, released the first version of its Gemini 2.0 line of artificial intelligence models.

Finance & Economics

China’s Monetary Shift Signals Economic Issues

Earlier this week, China’s top leadership surprised the market by signaling a shift in monetary policy stance after 14 years, which is unequivocal evidence that the economic problems faced by this Asian country are significant and require certain actions to ensure that the current situation does not gradually transform into a catastrophic crisis.

Finance & Economics

China Prepares for New Trade Tensions With US

Recently, the condition of relations between China and the United States has been on a trajectory of consistent deterioration, being a kind of process containing the risk of crossing the point of no return, beyond which the fundamental degradation of cooperation practices begins, and the future in this case does not have bright colors of […]