US Stocks Rise to Record Highs
The stock indexes of the United States on Wednesday, November 6, showed a sharp increase and closed at a record high amid the news that Donald Trump had won the presidential election.
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US Lawmaker Urges Investigation Into China’s Chipmaker SMIC
Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.
Super Micro Shares Demonstrate Decline
Super Micro, a server manufacturer that publishes annual financial statements later than scheduled and currently faces the risk of being excluded from the Nasdaq list, last Tuesday, November 5, shared with the public data on the results of its activities for the last fiscal quarter.
German Factory Orders Demonstrate Growth
In Germany, an increase in factory orders was recorded in September.
Chinese Unicorn Zhipu AI Raises $210 Million
Zhipu AI, one of the leading Chinese startups in the area of generative artificial intelligence, has announced the initial closure of its venture capital vehicle.
Perplexity AI Reportedly Nears $500 Million Funding Round
Media reports that Perplexity AI, a startup that developed an artificial intelligence-based search engine, is currently in the final stages of the process of raising $500 million in funding with a valuation of $9 billion.
Klarna Collaborates With John Lewis & Partners
Klarna has partnered with John Lewis & Partners to offer its “Pay in 3” BNPL service, allowing customers to spread payments over 60 days with no interest accrued.
Mastercard Pay Local to Enable Card-Based Payments Via Local Digital Wallets
Mastercard Pay Local extends digital payment access to over 35 million merchants in Asia Pacific and other regions, enhancing payment options for both local consumers and international travellers.
Amazon Bedrock Launches New AI Models
Anthropic’s Claude 3.5 Haiku and the upgraded Claude 3.5 Sonnet, Amazon Bedrock’s latest, smartest and fastest AI models, are now generally available.
South Korea Fines Meta
South Korea has ordered Meta Platforms to pay a fine of 21.62 billion won ($15.67 million).
Startup Physical Intelligence Reportedly Raises $400 Million
The media reports that the startup Physical Intelligence, which operates in the area of robotics, was able to raise $400 million in early-stage funding.
Marqeta CEO Says About Future of Analog Payments
The Marqeta platform, which carries out card issuance activities, last Monday, November 4, as part of the earnings call for the third quarter of 2024, announced information about its plans, including those related to upcoming cooperation and the launch with VisaFlex Credential this week.
JPMorgan Payments Partners With Checkbook
The Checkbook digital payments platform has joined the JPMorgan Payments Partner Network.
Mastercard and NatWest Launch Virtual Card Payment Tool for Businesses
Mastercard and NatWest have joined forces to launch a mobile virtual card payment tool.
Chinese AI Companies Spend Huge Sums on Ads
In China, local companies that operate in the artificial intelligence area are currently racking up huge advertising bills.
Shares of SK Hynix Demonstrate Growth
On Monday, November 4, the value of SK Hynix shares showed an increase of 6.5%.
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