News - page 81

Science & Technology

Japanese Startup Rapidus to Challenge Taiwan Semiconductor Manufacturing

Japanese startup Rapidus, which receives support from the government of this country, announced the hiring of more than 200 people as part of efforts to create an ultra-modern chip manufacturing plant by 2027.

Science & Technology

Intel CEO Says About Good Prospects of Company

Intel Corporation Chief Executive Officer Pat Gelsinger said that the company is currently on track to achieve indicators that are in line with forecasts for the third quarter.

Fintech & Ecommerce

Fed Warns Goldman Sachs Over FinTech Risk

The Federal Reserve issued a warning to Goldman Sachs about risk control and compliance with regulatory requirements in the unit of the investment bank specializing in financial technologies.

Fintech & Ecommerce

Klarna Reports Earnings Results for First Half of 2023

Klarna has released the financial results of its operations for the first six months of 2023, which testified to the positive dynamics of the second quarter, which exceeded initial expectations.

Science & Technology

Bumble CEO Says AI to Help Establish Meaningful Connections

Whitney Wolfe Herd, founder, and CEO of the dating app Bumble, is convinced that artificial intelligence can become a kind of means to combat the epidemic of loneliness in the United States, noting that the new generation of technology has the potential for a profound transformation of the dating industry.

Finance & Economics

Barclays Reportedly Invests in Promotion on Private Credit Market

The media reported that Barclays Plc, a structure that includes a multinational investment bank and a financial services company, decided to strengthen its position in the private loan market by allocating money from its balance sheet to implement the corresponding efforts.

Blockchain & Crypto

French Regulator Searches Worldcoin Paris Office

The French data regulator CNIL this week conducted searches at the regional Worldcoin office, which is located in Paris.

Science & Technology

UAE Launches Bilingual AI Model

Inception, a subsidiary of Abu Dhabi-based G42 firm specializing in machine intelligence, the California-based Cerebras research company, and the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) have developed a large language model called Jais.

Fintech & Ecommerce

Grubhub and Amazon Open Autonomous Store on Campus

The new Amazon Just-Walk-Out-powered frictionless convenience store enables students to place orders for pickup at campus eateries through Grubhub app and connect their meal plan as a form of payment

Blockchain & Crypto

X Now Has Seven State Licenses For Payments Including Crypto

X, former Twitter, platform is on its way to transforming social media into a financial super app. With the latest license approved in Rhode Island, X can provide financial services in seven US states

Science & Technology

Microsoft Splits Teams from Office in EU

Microsoft will give its European business customers the opportunity to buy the Teams video and chat app separately from the Office software.

Finance & Economics

Morgan Stanley Downgrades Palantir Technologies

Palantir Technologies has been downgraded at Morgan Stanley, which is the latest signal of Wall Street’s skepticism about this company specializing in software development and positioning itself as a major player in the sphere of artificial intelligence.

Science & Technology

AI Startup Cohere Reportedly Taps JPMorgan and Goldman Sachs for Financing

The media, citing insiders, reported that Cohere, which operates in the field of artificial intelligence and receives support from investors, including Oracle and Nvidia, is currently interacting with banks in preparation for a new round of financing a few months after the completion of the previous one.

Finance & Economics

UBS Outlines Major Targets for Its Integration of Credit Suisse

UBS Group AG has outlined the main goals of integration with its former competitor Credit Suisse.

Science & Technology

British Parliamentarians Question Prospects of UK Leadership in AI Regulation

In the United Kingdom, parliamentarians said that the country’s Prime Minister Rishi Sunak’s plan to make the UK a leader in the regulation of artificial intelligence is under threat.

Finance & Economics

Country Garden Warns About Threat of Default

Country Garden, one of the giants of the Chinese real estate sector, on Wednesday, August 30, announced the threat of default on its huge debts.