News - page 73

Science & Technology

SoftBank Reportedly to Invest $500 Million in OpenAI

The media reports that the Vision Fund, which is part of the ownership structure of the Japanese telecommunications company SoftBank, intends to invest $500 million in the latest round of funding for OpenAI.

Finance & Economics

Euro-Area Inflation Drops Below 2%

In September, inflation in the eurozone fell below the European Central Bank’s 2% target.

Blockchain & Crypto

Robinhood Crypto Brings Crypto Transfers to Europe

Crypto transfers were one of the most requested features by Robinhood customers in Europe.

Science & Technology

Microsoft Reportedly Plans to Relaunch AI-Powered Recall Offering

The media reports that Microsoft intends to make another attempt to roll out its Recall program powered by artificial intelligence.

Science & Technology

Google to Invest $1 Billion in Thailand

Google on Monday, September 30, announced its intention to invest $1 billion in Thailand.

Finance & Economics

Jerome Powell Says Fed to Lower Rates Over Time

Federal Reserve Chairman Jerome Powell said that the central bank of the United States will once again cut interest rates over time and noted that currently, the US economy as a whole remains on solid footing.

Finance & Economics

China Stocks Demonstrate Sharp Increase

On Monday, September 30, Chinese stock indexes showed the largest one-day gain in the last 16 years.

Finance & Economics

German Inflation Demonstrates Decline

In Germany, in September, the harmonized consumer price index showed a decline, ending up at 1.8%.

Fintech & Ecommerce

Mastercard and KaiOS to Deliver Affordable Payment Acceptance Devices to African SMEs

Mastercard latest collaboration aims to enable businesses to leverage digital tools more easily, promoting financial inclusion by using affordable mobile devices powered by KaiOS.

Blockchain & Crypto

CZ Pledges More Tech Investment Upon US Custody Release

Changpeng Zhao (CZ), the former CEO of Binance, is out of prison and vows to increase his investment in technology sectors such as blockchain, artificial intelligence, and biotechnology.

Fintech & Ecommerce

Stripe Expands Presence in Toronto to Boost Canadian Business Growth

Stripe announced its expansion in Canada with a focus on the new flagship office in Toronto, aiming to accelerate the growth of Canadian businesses.

Fintech & Ecommerce

PayPal Complete Payments Launch in China

‘PayPal Complete Payments’ all-in-one platform will simplify cross-border transactions for Chinese businesses, helping them expand globally.

Finance & Economics

Fidelity Limits Mobile Deposits as Banks Defend Against Check Fraud

Online check fraud schemes boom forces major US banks to introduce additional security measures such as drastically decreasing limits to mobile deposits as Fidelity recently did.

Finance & Economics

US Consumer Sentiment Improves

The rise of consumer sentiment continues to be observed in the United States.

Fintech & Ecommerce

Healthcare Fintech Care.fi Raises $955K in Debt Capital

Fresh funding complements earlier Care.fi investments of $2.6 million and fuels fintech’s vision of becoming India’s healthcare-focused Small Finance Bank.

Science & Technology

OpenAI Reportedly Sees Roughly $5 Billion Loss This Year

The media reports that OpenAI, one of the largest players in the global technology sector, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, expects losses of about $5 billion in the current year.