Nvidia Sales Demonstrate Growth
Nvidia on Wednesday, February 26, published information about its earnings for the fourth fiscal quarter, which exceeded Wall Street’s preliminary expectations.
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Ascenda and Galileo Start Partnership
Ascenda and Galileo Financial Technologies announced the beginning of cooperation, which aims to help banks, fintech companies, and other brands launch card loyalty programs.
Anthropic Launches New AI Model
The startup Anthropic, which is based in San Francisco and operates in the space of the artificial intelligence industry, presented a new frontier AI model called Claude 3.7 Sonnet.
Canadian Banks Reportedly to Build Reserves to Cushion Tariff Uncertainty
Currently, analysts expect Canada’s six largest banks to build more credit loss provisions, as these financial institutions are nowadays bracing for uncertainty related to the tariff threat from the United States, which could impact earnings in the first quarter of 2025 and beyond.
Prosus Plans to Buy Just Eat Takeaway
Just Eat Takeaway.com, a European giant in the area of food delivery, is poised to be acquired by Prosus, a Dutch technology investor.
Ant Group Enters AI Robotics Sector
Chinese fintech giant Ant Group has ventured into the Asian country’s humanoid robotics sector, which is currently in the condition of active development.
China’s Tech Stocks Demonstrate Growth
Shares of Chinese technology companies listed in Hong Kong on Friday, February 21, showed their best weekly winning streak since 2020, as earnings surpassing preliminary expectations and optimism about the artificial intelligence sector gained global investors who made financial injections into the relevant area.
AWS to End Support for Amazon Chime
Amazon Web Services (AWS) last Wednesday, February 19, informed clients that it will no longer accept new customers for its Amazon Chime collaboration solution and will stop supporting this service after a year.
LexisNexis Finalizes Its Acquisition of IDVerse
LexisNexis Risk Solutions has finalized the acquisition of IDVerse, a company that specializes in document authentication and fraud detection.
Oppo Launches $1,870 Folding Phone
The Chinese company Oppo, which specializes in the development and manufacture of consumer electronics, including smartphones, on Thursday, February 20, presented its new flagship folding phone model Find N5.
X Reportedly Plans to Raise Funds
The media published the information according to which the social media platform X is currently negotiating to raise funding from investors at a valuation of $44 billion.
BitGo Launches OTC Trading Desk
Digital asset infrastructure provider and qualified custodian BitGo has launched an over-the-counter (OTC) trading desk, which includes integrated trading, derivatives, lending, and qualified custody.
Mastercard’s Middle-Market Play Uses Digital Innovation
The middle market continues to draw the attention of payments and banking companies, as further confirmed by the fact that Mastercard last Tuesday, February 18, announced a package of digital and financial management tools designed for the mentioned segment.
Trustly CEO Says Loyalty and Savings to Spur Consumers to Go Bank-Direct at Checkout
Trustly Inc. founder and chief executive officer Alexandre Gonthier said during a conversation with media representatives that, despite the uncertainty in regulation, pay by bank at retail, which uses open banking to carry out direct payment transactions between bank accounts, should become more widespread in the United States.
OpenSea Pauses Airdrop Reward System
Non-fungible token (NFT) marketplace OpenSea has paused its new airdrop reward system due to criticism from users about the mechanics.
Japan’s GDP Beats Forecasts
The Japanese economy in the fourth quarter of 2024 demonstrated such growth rates that exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of this indicator.
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