Thomas Barkin Says About US Ongoing Battle Against Inflation
Thomas Barkin, President of the Federal Reserve Bank of Richmond, said that the process of combating inflation is currently underway in the United States.
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Gulf Edge & Google to Develop Sovereign Cloud Service in Thailand
Google Cloud and Gulf Edge are bound to deliver innovative AI-ready sovereign cloud services in Thailand in compliance with the country’s stringent data residency, security, and privacy requirements.
Bolivia Lifts Crypto Ban
After a four-year ban, Bolivia authorized crypto payments in the country.
99% of Businesses to Use AI for Financial Reporting by 2027: KPMG
Besides the nearly universal use of artificial intelligence in financial reporting, companies also expect auditors to increasingly use AI to drive more proactive and predictive evaluation.
SoftBank to Invest in AI Startup Perplexity
Vision Fund 2, part of the ownership structure of SoftBank Group Corp., invests in the startup Perplexity, which operates in the artificial intelligence industry.
Nubank Acquires Hyperplane
Nubank’s digital banking platform has implemented the deal to acquire Hyperplane, a company specializing in data intelligence.
Security Company iVerify Raises $12 Million
Security company iVerify raised $12 million for its endpoint detection and response (EDR) solution.
Nvidia CEO Says About Rising Competition
Nvidia chief executive officer Jensen Huang last Wednesday, June 26, said that the current significant advantage of this company in the area of chips for artificial intelligence systems was achieved as a result of a bet made more than ten years ago, based on investments in AI worth billions of dollars and a team of […]
Amazon Hits $2 Trillion in Value
Amazon.com Inc. has reached a market capitalization of $2 trillion for the first time in its history.
South Korea Kicks Off $19 Billion of Chip Loans
South Korea will start providing financial aid to chip manufacturers in July.
Malaysia Gains Chinese Investors to Build More Data Centers
Malaysian Economy Minister Rafizi Ramli said that the country’s leadership is currently negotiating with potential investors from China about their possible participation in data center construction projects.
SaaS Company Payabli Raises $20 Million
Payabli, which specializes in developing a payment infrastructure solution, was able to raise $20 million in investment funds as part of a Series A financing round.
ECB’s Olli Rehn Sees Bets for Two More Cuts in 2024 as Reasonable
Expectations that the European Central Bank will adjust the current configuration of its monetary policy twice more this year by lowering the cost of borrowing are fair, according to Governing Council member of the financial institution Olli Rehn.
OpenAI Reportedly Plans to Block China Access to AI Tools
The media reported that OpenAI is taking additional measures to restrict China’s access to artificial intelligence software.
BIS Says AI Challenges Central Banks
The Bank for International Settlements shared its opinion and vision of how financial institutions, primarily those of these organizations that have the status of state regulators, should respond to the active spread of artificial intelligence and interact with this advanced technology.
Microsoft Faces Mega Fine in EU
On Tuesday, June 25, European Union officials said that Microsoft had violated the antitrust laws of this block of countries as part of its practice of bundling Teams with other popular apps of the technology giant for business.
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