Explained - page 27

Nvidia and Accenture to Boost Corporate AI Adoption
Science & Technology

Nvidia and Accenture to Boost Corporate AI Adoption

Nvidia Corp. expands the scope of cooperation with technology consultant Accenture to drive the adoption of artificial intelligence in the business environment and boost orders for the chip manufacturer’s products.

Chinese Startup Numemory Claims Memory Chip Breakthrough
Science & Technology

Chinese Startup Numemory Claims Memory Chip Breakthrough

The Chinese startup Numemory, which operates in the space of the semiconductor industry, presented the largest-capacity memory chip in its category, which was developed and manufactured in mainland China.

Microsoft’s AI Bet to Lead to Over $100 Billion in Data Center Leases
Science & Technology

Microsoft’s AI Bet to Lead to Over $100 Billion in Data Center Leases

As Microsoft investors await quarterly earnings this month, another metric is becoming more important which is finance leases.

China Stocks Demonstrate Sharp Increase
Finance & Economics

China Stocks Demonstrate Sharp Increase

On Monday, September 30, Chinese stock indexes showed the largest one-day gain in the last 16 years.

German Inflation Demonstrates Decline
Finance & Economics

German Inflation Demonstrates Decline

In Germany, in September, the harmonized consumer price index showed a decline, ending up at 1.8%.

US Consumer Sentiment Improves
Finance & Economics

US Consumer Sentiment Improves

The rise of consumer sentiment continues to be observed in the United States.

OpenAI Reportedly Sees Roughly $5 Billion Loss This Year
Science & Technology

OpenAI Reportedly Sees Roughly $5 Billion Loss This Year

The media reports that OpenAI, one of the largest players in the global technology sector, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, expects losses of about $5 billion in the current year.

Tokyo Electron Plans to Operate in India
Science & Technology

Tokyo Electron Plans to Operate in India

Tokyo Electron Ltd. aims to form a team of engineers specializing in chips in India.

Micron Shares Demonstrate Significant Increase
Science & Technology

Micron Shares Demonstrate Significant Increase

On Thursday, September 26, the value of shares of Micron Technology, a manufacturer of memory semiconductors, headquartered in Boise, Idaho, showed an increase of more than 13%.

Swiss National Bank Cuts Rates in Third Trim This Year
Finance & Economics

Swiss National Bank Cuts Rates in Third Trim This Year

The Swiss National Bank on Thursday, September 26, adopted the third decision since the beginning of the current year to ease monetary policy.

Bain Predicts AI Market to Surge to Near $1 Trillion by 2027
Science & Technology

Bain Predicts AI Market to Surge to Near $1 Trillion by 2027

Bain & Co. predicts that the global market for artificial intelligence-related products, which is currently on an active growth trajectory, will reach as much as $990 billion in financial volume by 2027, as the rapid adoption of this technology, according to the company’s experts, disrupts firms and economies.

Startup Wiz Reportedly Explores Shares Sale
Science & Technology

Startup Wiz Reportedly Explores Shares Sale

The media, citing knowledgeable insiders, report that the startup Wiz Inc., which operates in the cybersecurity area, is currently in discussions regarding the sale of existing shares at a valuation of up to $20 billion.

Blackstone and Vista Equity Partners to Acquire Smartsheet
Science & Technology

Blackstone and Vista Equity Partners to Acquire Smartsheet

Collaboration software maker Smartsheet announced on Tuesday, September 24 that Blackstone and Vista Equity Partners would acquire it.

DailyPay Plans to Expand Earned Wage Access Services to UK
Fintech & Ecommerce

DailyPay Plans to Expand Earned Wage Access Services to UK

DailyPay will expand its earned wage access (EWA) services to the United Kingdom in the current fall.

China’s Semiconductor Industry Demonstrates Moderate Movement Forward
Science & Technology

China’s Semiconductor Industry Demonstrates Moderate Movement Forward

In China, the local semiconductor industry is gradually promoting homegrown lithography tools following the specifications published by the central government of the Asian country, but analysts through the prism of skeptical perception assess the quality level of this movement forward, noting in an appropriate context that Beijing has yet to make a kind of breakthrough […]

PNC and Plaid Collaborate on Secure Sharing of Banking Data
Fintech & Ecommerce

PNC and Plaid Collaborate on Secure Sharing of Banking Data

PNC Financial Services Group and Plaid have formed partnerships in which the bank’s customers are allowed to securely share their data with third-party financial apps and services.