Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.
OpenAI is currently preparing to launch a new model of artificial intelligence, which, according to this startup, is capable of more advanced reasoning, similar to the human paradigm of thinking.
Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.
Chargeback management company Justt raised a $30 million investment to bolster its platform powered by artificial intelligence.
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
Accenture on Thursday, December 19, released a report on its earnings for the first quarter of fiscal 2025, which exceeded Wall Street’s preliminary expectations regarding this company’s revenue and profit for the mentioned period.
The Hong Kong Monetary Authority (HKMA) has picked ten banks and four technology partners to participate in a project to test several use cases for generative artificial intelligence in the financial services sector.
The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.
In the current year, the total amount of funds stolen as a result of hacker attacks on cryptocurrency platforms reached $2.2 billion.
The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.
Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.
Kioxia’s shares soared 14% as part of their market debut on Wednesday, December 18.
Hong Kong’s securities regulator on Wednesday, December 18, approved the activities of four cryptocurrency exchanges as part of the city’s latest attempt to maintain its competitiveness during a kind of race for the status of a global center for trading digital assets.
Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.
On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.
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