News - page 48

Science & Technology

Nvidia CEO Characterizes Huawei as Formidable AI Chipmaking Rival

The Chief Executive Officer of Nvidia Corp. Jensen Huang said that Huawei Technologies Co. is on the list of the most serious competitors of his company in the race for the production of the best chips designed for the creation and subsequent functioning of artificial intelligence systems.

Science & Technology

Chip Company ASM to Build US Base in Arizona

The Dutch company ASM International NV, which specializes in the manufacture of equipment for making chips, intends to invest $324 million in a new headquarters in the US state of Arizona.

Science & Technology

Microsoft to Add OpenAI’s Models to Copilot

Microsoft has announced that new features will be added to its artificial intelligence service Copilot next year.

Finance & Economics

Bank of America CEO Says About Normalization of US Economy

Brian Moynihan, CEO of Bank of America, said that the American economic system, in his opinion, is moving towards the realization of optimistic prospects in the foreseeable future, noting that it is likely to be expected to have a so-called soft landing rather than a recession.

Blockchain & Crypto

Robinhood Reports 75% Rise in Trading Volume

Digital asset trading volume on a crypto-friendly trading platform Robinhood grew 75% month-on-month in November.

Finance & Economics

Wells Fargo CEO Says About Potential Consequences of Fed Asset Cap

Chief Executive Officer of Wells Fargo & Co. Charlie Scharf said that the limitation of the assets of the Federal Reserve System is currently not a factor of significant influence on the process of activity of the financial institution he heads, but suggests that the situation will change in the future.

Science & Technology

Nvidia to Help Build Out AI Ecosystem in Japan

Nvidia intends to participate in the process of creating an artificial intelligence ecosystem in Japan.

Science & Technology

Mistral AI Plans to Raise $487 Million

The French startup Mistral AI, which operates in the artificial intelligence industry, intends to raise funds for about €450 million ($487 million) as part of its latest financing round.

Science & Technology

Bumble Launches AI-Powered Conversation Starters and Plans for Friends

Bumble For Friends, which in the digital age helps people communicate with each other and find new friends in the virtual space, announced the launch of two functional solutions called Conversation Starters and Plans.

Science & Technology

Foxconn Reports Rise in November Revenue

Foxconn, the main smartphone manufacturer of the iPhone line, which is part of the Apple product range, reported an improvement in dynamic sales in November.

Finance & Economics

Moody’s Changes China Credit Outlook to Negative

Moody’s Investors Service has changed the forecast for Chinese sovereign bonds, lowering the corresponding indicator to negative.

Society & Lifestyle

Amazon and USAID Distribute 3 Grants to Women-Led Climate Projects in Africa

Amazon-backed Climate Gender Equity Fund (CGEF) has selected the first cohort of women-led organizations focused on advancing gender-equitable climate action in Africa to receive grants for their activities.

Fintech & Ecommerce

Škoda Launches Pay to Fuel Service

Drivers of Škoda ICE vehicles in select European countries are now able to pay for fuel via their in-car dashboard touchscreen using the Pay to Fuel service.

Fintech & Ecommerce

Payment Ring Users Won’t Replace It With Another Payment Method

Nine in ten European payment ring users prefer this payment method to all others, according to a recent survey.

Finance & Economics

Goldman Sachs Favors Options to Counter Intensive Rate-Cut Pricing

Goldman Sachs thinks that there is currently an overly optimistic mood in the financial markets regarding the possible range of interest rate cuts by the Federal Reserve next year.

Finance & Economics

Jeremy Hunt Blames Brexit for Instability

British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.