AWS to Invest $10B in AI Infrastructure in Ohio
AWS plans to strengthen its commitment to Ohio with a $10 billion investment supporting the surging demand for cloud computing and AI.
News - page 57
AI Startup Basis Raises $34 Million
The startup Basis, which operates in the space of the artificial intelligence industry, on Tuesday, December 17, announced that it managed to raise investments for $34 million as part of the Series A funding round.
China’s Integrated Circuit Output Slows
In China, integrated circuit (IC) output in November showed an increase of 8.7% year-on-year.
China Seeks to Dominate in AI
China is currently striving to become the dominant player in the global artificial intelligence industry, and according to media reports, citing insiders and experts, Beijing’s corresponding efforts may eventually prove successful, since AI models developed in the Asian country already demonstrate a high level of efficiency and have significant competitiveness.
US Economy Faces Threat of Negative Scenario Amid Donald Trump’s Tariffs
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest financial institution in the structure of the United States banking sector, has repeatedly made some kind of warning statements over the past year that the US economy faces a high level of risk that a negative stagflation scenario will be implemented in its space, repeating […]
UPI Sees Growing Adoption in Rural India
Unified Payments Interface (UPI) is slowly but steadily emerging as the preferred method of financial transactions in rural and semi-urban India, according to a recent report.
OpenAI Launches ChatGPT Search Features to All Users
On Monday, December 16th, OpenAI rolled out the search product for all users of its chatbot ChatGPT.
Goldman Sachs Says About Practice of Using AI by American Companies
New research from Goldman Sachs indicates that among American companies, the practice of using artificial intelligence technologies is being implemented on a limited scale and is not yet what can be described as a massive process.
China’s Weak Consumption Puts Pressure on Economy
Last month, industrial output growth accelerated in China, but at the same time, retail sales in this Asian country turned out to be disappointing, amid which calls for Beijing to strengthen measures to stimulate consumer activity increased.
Christine Lagarde Says ECB to Cut Interest Rates Further
The European Central Bank will continue cutting interest rates as the inflation spike in recent years has increasingly moved into the rear-view mirror, bringing the 2% target.
European Private-Sector Contraction Eases on Services
In December, the private sector of the eurozone shrank in smaller volumes compared to initial expectations, which is the result of contributions from the services sector that exceeded forecasts.
Australia Develops Plan to Boost AI Investment
In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.
Bitcoin to Gold Ratio Hits Historic Highs
The new record of 40 gold ounces per BTC was registered just as the “digital gold” was being traded at over $106K per Bitcoin.
HSBC Reportedly to Scale Back Retail Banking in Some Countries
The media has released information according to which HSBC is currently considering scaling back its retail banking operations in countries such as Mexico, Malaysia, Indonesia, and some others.
Visa Direct to Launch Instant Fund Transfers for U.S. Bank Accounts in 2025
Visa Direct is planning to introduce a feature that allows funds to be transferred and made available in U.S. bank accounts within one minute or less.
Moody’s Downgrades France’s Credit Rating
Moody’s Ratings downgraded France’s credit rating after local far-right leader Marine Le Pen toppled the country’s government as part of a dispute over reducing the public’s budget deficit.
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