Intel Executives Say About Possibility of Manufacturing Spinoff
The two executives leading Intel this week acknowledged that the company may be forced to sell its manufacturing operations.
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Liquid AI Closes $250 Million Early-Stage Funding Round
Liquid AI, a startup operating in the area of generative artificial intelligence, announced on Friday, December 13, that it closed a $250 million early-stage funding round led by chip manufacturer Advanced Micro Devices (AMD).
Flushing Financial Seeks to Raise $70 Million
The media published information according to which Flushing Financial, a New York-based commercial real estate lender, is currently seeking to raise $70 million.
Shares of Broadcom Demonstrate Growth
The value of Broadcom shares showed growth on Friday, December 13, which amounted to 14%, and an indicator of the market capitalization of this chip manufacturer, which headquarters are located in Palo Alto. California is approaching the iconic $1 trillion mark.
US Wholesale Inflation Demonstrates Acceleration
Last month, the United States recorded a sharp acceleration in the growth rate of wholesale inflation, which is an undesirable sign that some prices may increase before they come down the pike to consumers.
Swiss National Bank Cuts Interest Rates Again
The Swiss National Bank on Thursday, December 12, decided to cut its key interest rate by 50 basis points.
China Stresses Plans to Boost Economic Growth
China has confirmed the recent shift in its policy and stressed plans to accelerate economic growth, which is currently facing a clear lack of upward momentum in this Asian country.
Mynt Raises $23 Million
Mynt, a spend management solution focused on small and medium-sized businesses in Nordic countries, raised investments worth 22 million euros (about $23 million) as part of the Series B funding round.
China’s Monetary Shift Signals Economic Issues
Earlier this week, China’s top leadership surprised the market by signaling a shift in monetary policy stance after 14 years, which is unequivocal evidence that the economic problems faced by this Asian country are significant and require certain actions to ensure that the current situation does not gradually transform into a catastrophic crisis.
US Inflation Demonstrates Growth
In November, an increase in inflation was recorded in the United States.
Reddit Tests AI-Powered Answers Feature
Reddit rolls out a new artificial intelligence feature designed to help people quickly find answers to their questions based on user posts.
OpenAI Launches Sora
OpenAI has launched an artificial intelligence system called Sora, which can generate realistic videos based on text prompts from users.
Google Unveils New Chip
Google has presented a new chip, which, according to the statement of this technology giant, is what can be called a major breakthrough in the area of quantum computing, which is currently considered by many companies as the next frontier.
China Consumer Inflation Drops to Five-Month Low
In China, November consumer inflation was recorded at a level that is a five-month low.
Gallagher Agrees to Buy AssuredPartners
Arthur J. Gallagher & Co has agreed to acquire insurance broker AssuredPartners.
UK Business Confidence Demonstrates Decline
In the United Kingdom, businesses lost steam and pulled back on hiring in November.
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