News - page 97

Science & Technology

Apple Releases First Version of Suite of AI Features

On Monday, July 29, was released the first version of Apple Intelligence, which is a suite of AI features developed by the technology giant that will improve the functioning of Siri, automatically generate emails and images, and sort notifications.

Science & Technology

SK Hynix to Build Chip Plant in South Korea

SK Hynix, a South Korean-based memory chip giant, has announced its intention to invest 9.4 trillion Korean won ($6.8 billion) in the construction of a new semiconductor manufacturing plant.

Finance & Economics

ECB Rate Setters Want More Data Before Lowering Cost of Borrowing

This week, the flow of statistical information on the current state of affairs in the eurozone economic system space will provide the European Central Bank with more signals and form by this institution a more accurate understanding of how appropriate it is to decide to continue taking actions within the framework of the monetary policy […]

Finance & Economics

Bank of England Reportedly to Kick Off Slow Cycle of Interest Rate Cuts

The media reports that currently, the dominant point of view among experts is that shortly the Bank of England is highly likely to warn investors that they should not bet on launching the process of consistently cutting interest rates if its policymakers decide this week on a sharp lowering of the cost of borrowing.

Fintech & Ecommerce

RBI Fines Payment Operators Including Visa

The Reserve Bank of India (RBI) imposed penalties on Visa, Manappuram Finance, and Ola Financial Services for non-compliance.

Science & Technology

UK Startup Fractile Raises $15 Million

The Fractile startup, which is based in the United Kingdom, reported that it managed to raise $15 million in seed funding.

Science & Technology

Apple Expands Manufacturing in India

Apple annual sales in India hit a record $8 billion, as one of the firm’s contract manufacturers is planning to assemble iPads in a local facility.

Science & Technology

Amazon Partners With Girl Scouts to Promote Diversity in STEM Careers

The current generation of Girl Scouts will soon enter the labour market, so Amazon hosts exclusive tours to showcase to youth the importance and diversity of careers in STEM.

Fintech & Ecommerce

One-Fourth of UK Payments are Contactless

During 2023, 18.3 billion contactless payments were made in the UK, with one-third of adults using mobile contactless payments at least once a month

Fintech & Ecommerce

JPMorgan Reportedly Launches In-House Chatbot

The media reports that JPMorgan Chase has begun the process of implementing its own digital product based on generative artificial intelligence.

Science & Technology

Apple Signs On to Voluntary US Scheme to Manage AI Risks

Apple has signed the voluntary commitments of the President of the United States Joe Biden, which are aimed at regulating activities in the artificial intelligence industry.

Finance & Economics

BofA Says Cooling Economy to Crack Big Tech Rally Even More

Bank of America Corp.’s strategist Michael Hartnett says that the further cooling of the economic system of the United States may be the reason for the continuation of the downturn in the growth of shares of US technology companies.

Science & Technology

Energy Tech Startup Greenely Grabs €8 Million

Swedish-based startup Greenely is closing an €8 million (about $8.7 million) Series A funding round.

Fintech & Ecommerce

Digital Marketing Startup Plaiced Acquires Precursor Ventures-Backed Clutch

The Plaiced online social network has acquired the Clutch marketplace, which provides digital marketing services to consumers.

Fintech & Ecommerce

MNT-Halan Raises $157.5 Million

MNT-Halan, a fintech startup based in Egypt, has announced that it has managed to raise $157.5 million in investment funds.

Science & Technology

OpenAI Tests New Search Features

OpenAI has provided a limited number of users with the opportunity to test a new set of search functions.