Explained - page 2

Finance & Economics

UK Economy Escapes Recession

The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.

Science & Technology

OpenAI Reportedly Plans to Announce Google Search Competitor

The media, citing two insiders, reported that OpenAI is currently completing preparations for the debut of its new product, which is an artificial intelligence-based Internet search system.

Science & Technology

Anthropic Defends Partnerships With Amazon and Google

Startup Anthropic, which operates in the artificial intelligence industry, said that its decision to cooperate with Google and Amazon guarantees greater independence compared to the state of affairs in the relevant aspect, which would be observed in the case of interaction with only one large technology company.

News

Big Tech Companies Consume Lot of Data to Win in AI

Currently, large technology companies are demonstrating what can be described as super-intensive data consumption, as part of their desire to become winners in the so-called race for artificial intelligence, which has become one of the main processes in the space of digital reality, which is increasingly integrated with life realized offline, and largely determines the […]

Finance & Economics

German Industrial Production Demonstrates Decline

In Germany, a decrease in industrial output was recorded in March.

Finance & Economics

China’s Services Activity Growth Eases

In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.

News

Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO

Fintech company Rasan, which is based in Saudi Arabia, intends to sell 30% of its stake during the initial public offering (IPO) of shares in Riyadh.

Science & Technology

Foxconn Posts Record April Sales

The Taiwanese company Foxconn, which is the world’s largest electronics manufacturer and assembler of Apple’s iPhone smartphones, on Sunday, May 5, released information about its record sales results for April of the current year and confirmed expectations for revenue growth for the second quarter of 2024.

News

BlueSnap Reaches $10 Million Settlement With FTC

BlueSnap and its former CEO settled with the Federal Trade Commission (FTC) for knowingly processing payment transactions for deceptive and fraudulent companies.

Finance & Economics

Zopa Bank Reports £4 Billion in Customer Deposits

Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.

Finance & Economics

April US Job Growth Totals 175,000

The United States economy added fewer jobs in April than initially expected.

Finance & Economics

OECD Says World Economy Looks to Dodge Stagflation Rut

The Organisation for Economic Co-operation and Development (OECD) stated that the outlook of the global economic system is improving.

News

Hong Kong Growth Beats Expectations

The Hong Kong economy in the first quarter of the current year demonstrated growth rates that significantly exceeded preliminary expectations for the dynamic of the corresponding indicator.

Science & Technology

AMD Reports First-Quarter Earnings

Advanced Micro Devices (AMD) on Tuesday, April 30, released information about the financial results of its operations in the first quarter of the current year.

News

Pinterest Shares Increase on Earnings Beat

The share price of Pinterest on Tuesday, April 30, increased by 18% during extended trading.

Science & Technology

Apple and OpenAI Reportedly Reopen iPhone AI Talks

The media reports that Apple has resumed negotiations with OpenAI on the integration of artificial intelligence functions into the iPhone.