Ant Launches AI Language Model
The Chinese firm Ant Group Co presented an artificial intelligence tool, which is intended for use in the areas of money management and insurance services.
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IBM Launches New Version of WatsonX AI Platform
IBM has announced the release of new enhancements for its WatsonX artificial intelligence platform.
Anthropic Introduces Paid Plan for Its AI Assistant
The company Anthropic has introduced a tariff plan for its virtual assistant based on artificial intelligence called Claude.
OpenAI to Hold Developer Conference
OpenAI will hold its first developer conference in the fall.
Foxconn Wants to Cooperate With STMicro to Build India Chip Plant
Foxconn Technology Group is teaming up with STMicroelectronics NV to jointly participate in a tender for the construction of a semiconductor plant in India.
Citizens Financial Group CEO Expects Limited Consolidation in Banking Area
Bruce Van Saun, CEO of Citizens Financial Group, believes that in the near future, the scale of consolidation in the American banking sector will be limited due to the impact on the situation in the industry of such negative external factors as high interest rates and significant degree of pressure from regulators.
Qualcomm CEO Says AI to Revive Smartphone Market
The head of Qualcomm, a chip manufacturing company, believes that artificial intelligence can become a significant influence factor that will change the state of affairs in the smartphone market.
Shop Circle Raises $120 Million
Shop Circle announced that following the results of the Series A financing round, it managed to raise investment funds for $120 million.
Nubank Launches Personal Loans in Mexico
Latin American fintech bank Nubank has announced the launch of a consumer lending program for its customers in Mexico.
Venture Investor 500 Global Raises $143 Million
One of the most active early-stage venture investors in Southeast Asia, 500 Global, announced that he managed to raise funds in the amount of $143 million, which will be used to increase the volume of investments in the mentioned region.
Baidu to Benefit by Launch Ernie Bot
Leading Chinese Internet search provider Baidu may benefit significantly from the earlier-than-expected launch of an AI-based chatbot Ernie, which is similar to OpenAI’s ChatGPT.
Interac Mobile Payments Surge Over 50% in Canadian Stores
One of Canada’s major payment providers, Interac, has seen a significant surge in transaction volumes for contactless in-store mobile payments
Goldman Sachs Says About Strong Fundamentals of Early Winners in AI
Goldman Sachs Group strategists said that the first winners in the area of artificial intelligence have strong fundamental positions and are characterized by less extreme valuations compared to stocks in previous periods of abundance.
Elon Musk Blames Anti-Defamation League for X’s US Ad Revenue Slump
The owner of the social network X, formerly known as Twitter, Elon Musk has announced that he may sue the Anti-Defamation League (ADL) for defamation.
Barclays Reportedly Considers Selling of Stake in Its Merchant-Acquiring Business
Barclays Plc is currently exploring the prospects of implementing a potentially possible decision to sell a stake in its merchant-acquiring business in the United Kingdom.
Big Tech Braces for European Union’s Clampdown on Anti-Competitive Practices
Big technology companies are preparing for the largest and most significant tightening clampdown on anti-competitive practices in the history of the European Union.
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