Amazon Launches Low-Cost Ecommerce Service in US
Amazon has launched a new virtual store of products priced from $20 and below.
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US Inflation Stays Firm
In the United States, inflation remained firm last month.
Mastercard to Phase Out Manual Card and Password Entry by 2030
Mastercard envisions the future of e-commerce without manual entries of physical card numbers, passwords or one-time codes needed for secure purchases.
Vietnam Expands Chip Packaging Footprint
Currently, there is a tendency in Vietnam, in which foreign companies are expand their chip testing and packaging capacities in this country, and homegrown firms are eyeing investments.
Baidu Expands AI Lineup
The Chinese company Baidu on Tuesday, November 12, presented new apps for its artificial intelligence technology.
Meta to Offer Less Personalized Ads in Europe
Meta Platforms plans to offer European users of the virtual social media platforms Instagram and Facebook the opportunity to receive less personalized advertising.
Amazon Offers Free Computing Power to AI Researchers
Amazon’s unit, which specializes in cloud computing, announced on Tuesday, November 12, that it will offer free computing power to researchers who want to use its custom artificial intelligence chips.
SoftBank Reports Quarterly Earnings
The Japanese SoftBank Group on Tuesday, November 12, published information about its earnings for the second quarter of the fiscal year, which will end on March 31, 2025.
Alibaba Launches AI Search Tool for Small Businesses
Alibaba, the Chinese e-commerce giant, which is also a major player in the technology sector, on Tuesday, November 12, presented an artificial intelligence-based search engine designed for small businesses in Europe and the Americas to source supplies.
Meta Tests Experiential Retail to Sell Smart Glasses
Meta is currently promoting its Ray-Ban Meta smart glasses at a Meta Lab pop-up store in Los Angeles, where visitors have the opportunity to personally test this product.
Intesa Partners With BlackRock in Private Banking
Intesa Sanpaolo, the largest Italian bank, announced that it will cooperate with BlackRock, the world’s biggest asset manager and the leading shareholder of this financial institution.
SoftBank Reportedly to Book $1.87 Billion Profit on IPOs
Japanese technology investor SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, November 12.
Washington Reportedly Orders TSMC to Halt Shipments to China of Some Chips
The media, citing an insider, reported that the United States ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers.
China’s Consumer Prices Growth Demonstrates Slowdown
In October, China recorded an increase in consumer prices, which demonstrated the pace of upward dynamic, which is the slowest in the last four months.
General Catalyst Makes First Investment Into Saudi Arabia
General Catalyst, a Silicon Valley venture capital company, has made its first investment in Saudi Arabia.
Wealth Management Firms in US to Double AI Budgets
Projections indicate that AI will account for 37% of US wealth management firms’ IT spending in the next 3-5 years, up from 16%.
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