Amazon to Open Retail Business in South Africa
Amazon plans to launch its online retail business in South Africa next year.
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Alibaba and Tencent Invest in AI Startup
Alibaba Group Holding and Tencent Holdings have joined to $300 million financing for Baichuan, a Chinese startup operating in the sphere of artificial intelligence and seeking, like many other local firms, to benefit from the rapid growth of interest in developing AI-based services like ChatGPT.
Research Finds Flaws in GPT-4
A scientific article related to Microsoft and published on GitHub contains information about the shortcomings of GPT-4 from OpenAI.
Reality Defender Raises $15 Million to Detect Deepfakes
Reality Defender, a startup developing tools for detecting deepfakes and other content created by artificial intelligence, announced that it managed to raise investments for $15 million.
US Mortgage Originations to Reach $1.95 trillion in 2024
The US Mortgage Bankers Association (MBA) expects that total mortgage origination volume will increase to $1.95 trillion in 2024, up from the $1.64 trillion forecast in 2023.
Instant Payments Play Key Role in Cash Decline: McKinsey
Cash usage declined by nearly 4% globally in 2022, with new developments in instant payments and digital wallets driving cash displacement in certain geographies.
iPhone Sales Decline in China
The level of demand for Apple’s new iPhone 15 smartphone line in the Chinese market is lower than the sales volumes of last year’s mobile phone model of the American technology giant.
Baidu Launches Ernie 4.0
The founder of Baidu, Robin Li, said that the artificial intelligence model developed by his company, in terms of the quality of work and the level of efficiency, equaled the characteristics and capabilities of GPT-4 from OpenAI.
US Online Holiday Sales to Hit $222B, Driven by Mobile Shopping
According to Adobe Analytics, online holiday sales in the USA are expected to hit $221.8 billion this holiday shopping season (Nov. 1 to Dec. 31), representing 4.8% growth year-over-year (YoY).
NYC Releases Plan to Regulate AI
New York Mayor Eric Adams on Monday, October 16, presented a plan for the introduction and regulation of artificial intelligence.
OpenAI Reportedly Readies Share Sale Valuing Company at $90 Billion
The media reports that OpenAI is currently preparing to sell shares with an estimated value of the company at $90 billion.
Australia Watchdog Fines X
The Australian watchdog for Internet security has fined the social network X, which has been owned by billionaire Elon Musk since October last year.
Huawei Drives China Stock Boom
Huawei Technologies is currently sparking the hottest stock trading in China.
TCS Plans to Use Microsoft AI Partnership for Business Growth
Tata Consultancy Services (TCS) plans to start developing software based on artificial intelligence within the framework of cooperation with Microsoft.
South Korea’s Nand Flash Memory Chip Exports Show Growth
According to the results of last month, an increase in South Korean exports of Nand flash memory chips was recorded.
Harman Launches AI Solution for Healthcare
Harman, a subsidiary of Samsung Electronics, has developed a generative artificial intelligence solution for sphere healthcare organizations.
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