AI Chip Startup Groq Reaches $2.8 Billion Valuation
Startup Groq Inc., which operates in the artificial intelligence industry, raised investment funds for $640 million.
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UBS Says About Current Condition of Japanese Market
Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, said during a conversation with media representatives that currently going into the Japanese market in terms of symbolic comparison with other actions is similar to catching a falling knife.
Japanese Stocks Demonstrate Rapid Fall
On Monday, August 5, Japanese stock indexes showed a drop in price of such a scale that corresponds to the concept of historical losses and does not belong to the category of moderate decline, which is not critical.
Societe Generale Sells UK and Swiss Private Banking Units to Refocus
French banking group Societe Generale has agreed to sell its British and Swiss private banking divisions to Union Bancaire Privée for an estimated price of €900M to achieve “a streamlined, more synergetic and efficient business model”
Xpeng Raises $150M for Its Flying Car Project
Xpeng Aeroht, a subsidiary of Chinese energy vehicle startup Xpeng Motors, has secured $150 million in a Series B1 financing round to develop a flying car.
Bitcoin Market Cap Dips Below 1T in Monday Market Crash
Bitcoin price slips below $50K for the first time since February this year amid the crash in both the crypto and stock markets, losing $200 million of its market cap.
UK Cancels $1.7 Billion of Computing Projects
In the United Kingdom, the local government has canceled computer infrastructure projects worth 1.3 billion pounds ($1.7 billion).
UK Banks Cut Costs
The largest local financial institutions in the United Kingdom have started to cut costs.
Threads Crosses 200 Million Active Users
The number of active users of the Threads social media platform has crossed a kind of historical mark of 200 million people.
Apple Revenue Tops Forecasts
Apple has released information about the results of its operations in the third fiscal quarter.
Intel Shares Fall Amid Disappointing Earnings
Intel shares fell by 20% on Thursday, August 1, as a result of information about the financial performance of the company in the second quarter of 2024, which turned out to be worse than preliminary expectations, and the consequence of the statement by the management of the firm about its intention to lay off more […]
Amazon Reports Q2 Earnings
Amazon last Thursday, August 1, released information about the financial results of its operations in the second quarter of the current year.
US Unemployment Rate Demonstrates Growth
In July, a cooling was recorded in the United States labor market, which turned out to be more widespread than preliminary forecasts regarding the most likely dynamic of the state of affairs in the relevant space.
Contextual AI Raises $80 Million
Contextual AI, a startup selling a tool to improve the performance of artificial intelligence models, raised an investment of $80 million as part of a Series A funding round.
AMD Posts Revenue Rise
Advanced Micro Devices (AMD) has released information on its financial results for the second quarter of the current year.
WeOnAsset.io Incorporates AI for Financial Performance Enhancements
London, United Kingdom – WeOnAsset.io, a leading entity in the realm of financial services, announces its strategic integration of Artificial Intelligence (AI) to enhance financial performance across its spectrum of services. This forward-thinking initiative underscores WeOnAsset’s commitment to staying at the forefront of technological innovation, ensuring its clients receive the utmost efficiency and effectiveness. Unveiling […]
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