China’s GenAI Sector Sees More Funding
The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.
News - page 7
Hong Kong Picks Several Banks and Tech Firms to Test GenAI in Financial Sector
The Hong Kong Monetary Authority (HKMA) has picked ten banks and four technology partners to participate in a project to test several use cases for generative artificial intelligence in the financial services sector.
US Finalizes $458 Million Award to SK Hynix
The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.
Losses From Crypto Hacks Jump to $2.2 Billion in 2024
In the current year, the total amount of funds stolen as a result of hacker attacks on cryptocurrency platforms reached $2.2 billion.
Micron Shares Fall
The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.
Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer
In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.
Rogbid Introduces First Smart Ring With Interactive Display
Smartwatch brand Rogbid presented the innovative smart ring model with an OLED touch display, which is the first product of this kind on the market.
India’s GDP Growth Slumps to 5,4%
Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.
Deutsche Bank Builds Blockchain Solution on Ethereum
Deutsche Bank is actively working on Project Dama 2, an Ethereum-based Layer 2 (L2) blockchain network to enhance transaction efficiency and integrate regulatory safeguards.
Kioxia’s Shares Increase in Debut
Kioxia’s shares soared 14% as part of their market debut on Wednesday, December 18.
Hong Kong Approves More Cryptocurrency Exchanges
Hong Kong’s securities regulator on Wednesday, December 18, approved the activities of four cryptocurrency exchanges as part of the city’s latest attempt to maintain its competitiveness during a kind of race for the status of a global center for trading digital assets.
UniCredit Raises Stake in Commerzbank
Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.
Fed Cuts Interest Rates by Quarter Point
On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.
Nvidia Presents New GenAI Tools
NVIDIA has introduced the Jetson Orin Nano Super Developer Kit along with NeMo Retriever suite of microservices – tools designed to enhance generative AI (GenAI) capabilities.
UK Inflation Demonstrates Growth
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
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.
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