Digital Bank Zopa Raises $85 Million
British digital bank Zopa has announced that it has managed to raise 80 million euros (about $85 million) as part of the equity funding round.
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LG Electronics to Test India’s IPO Market
The Indian unit of the South Korean company LG Electronics Inc. filed for an initial public offering (IPO).
Startup Cohere to Prioritize Customized AI Models
Canadian startup Cohere, which operates in the artificial intelligence industry, focuses on the development of tailored AI models for enterprise users.
TikTok Faces US Ban
The Chinese TikTok’s parent company faces a ban in the United States next month as a result of the relevant decision of the federal appeals court, adopted on Friday, December 6.
US Job Growth Accelerates
In the United States, a recovery in job creation was recorded in November after the minimum figures in the previous month.
OpenAI Launches $200 ChatGPT Subscription
OpenAI on Thursday, December 5, launched a version of its popular chatbot ChatGPT worth $200 per month.
Elon Musk’s xAI Raises Around $6 Billion
Founded by Elon Musk last year, startup xAI, which operates in the space of the artificial intelligence industry, on Thursday, December 5, announced that it had managed to raise about $6 billion in equity financing.
Jerome Powell Says US Economy’s Strength Means Restraint With Cutting Interest Rates
Federal Reserve Chairman Jerome Powell said last Wednesday, December 4, that the strengthening of the United States economy means that the central bank of this country can demonstrate some restraint in the context of actions to cut interest rates.
Saxo Bank Publishes 2025 Forecast
The Saxo Bank Outrageous Predictions, which have already become somewhat traditional, have been published.
Meta to Invest $10 Billion for New Data Center
On Wednesday, December 4, Meta announced plans to invest $10 billion to set up an artificial intelligence data center in Louisiana.
Citigroup Rolls Out AI Tools for Employees
Citigroup on Wednesday, December 4, began the process of rolling out new artificial intelligence tools for its employees.
Walmart Marketplace Reports Record Black Friday-Cyber Monday Sales
Walmart reported that at the beginning of the holiday shopping season, third-party sellers enjoyed record sales volumes.
Banks Improve Their AML and KYC Practices
The era of digitalization as a global process continues and scales, gradually infiltrating more and more into various aspects of the existence of human civilization and spheres of activity, including the banking sector, many players of which, despite the possibilities of advanced technologies, continue to face old problems in areas anti-money laundering (AML) and Know […]
Wells Fargo Reportedly Sells San Francisco HQ
The media reported that Wells Fargo is selling its headquarters in San Francisco, as the leadership of this financial institution, which is the fourth largest by total assets in the United States banking system, heads east.
Deutsche Bank Brings Merchant Solutions to APAC
Deutsche Bank Merchant Solutions capabilities are officially available in Australia, India, Indonesia and South Korea. They provide the bank’s clients with a global payment acceptance platform with a diverse range of local payment methods.
MCB Bank & BPC to Enhance Security With AI-Driven SmartVista Solution
SmartVista Fraud Risk Management solution will safeguard MCB Bank financial transactions with advanced AI fraud detection capabilities, real-time transaction monitoring, behavioural profiling, and machine learning-based risk assessment.
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