OpenAI Reportedly Plans to Raise New Funding
Media outlets, citing insiders, report that OpenAI is currently discussing the possible holding of a new round of fundraising for at least $100 billion.
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South Korea Fines Global Banks for Illegal Naked Short Selling
South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
Bank of Japan Governor Signals Chance of Policy Shift
The governor of the Bank of Japan, Kazuo Ueda, on Monday, December 25, stated that there is currently an increasing likelihood that the financial regulator’s inflation target will be reached, noting the possibility of making adjustments to the policy of the organization he heads.
China’s Biggest Banks Lower Deposit Rates
China’s largest state-owned banks are reducing deposit rates for the third time since the beginning of this year.
Crypto Compensation Less Reliant on Tokens: Survey
Those working in the crypto industry today are much more likely to receive job compensation in the form of equity than crypto tokens, unlike only a few years ago.
Registered Crypto Firms Surge 56% in Spain
Several international platforms, such as Revolut, Bitpanda, Crypto.com and Vivid, have joined the list of registered crypto providers in Spain in 2023.
Revolut Reports Revenue of More Than $1 Billion in 2022
The British fintech company Revolut reported that its revenue for 2022 amounted to $1.1 billion.
UK Inches Closer to Technical Recession
The United Kingdom’s economic system is currently on a path that could end in recession.
Visa and TECH5 to Promote Digital ID-Based Payments
Visa announced the beginning of cooperation with the biometric company TECH5.
Deloitte and Fintech Saudi to Launch Makken Program
Deloitte, a global professional services company, is currently implementing a partnership with Fintech Saudi.
Payoneer Introduces New Features to Small Business Growth
Payoneer, a company operating in the financial technology industry, has announced new features that will enhance the quality of customer service and facilitate entrepreneurs’ access to the global economy.
EBL Launches Biometric Metal Card
Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital of Bangladesh, plans to issue the world’s first biometric metal IDEX Pay card.
Soum Raises $18 Million
The re-commerce platform Soum has announced that it has managed to raise $18 million to expand its operations in the Middle East and North Africa.
McKinsey Predicts Domination of GenAI in Business Landscape
McKinsey and Company predicts that generative artificial intelligence will continue to occupy a dominant position in the business environment next year.
China Stops Exports of Some Rare-Earth Processing Technologies
The Chinese authorities decided to stop the export of several rare earth technologies.
Anthropic Plans to Raise $750 Million
The media reports that the startup Anthropic, which operates in the sphere of artificial intelligence, is currently negotiating a $750 million funding raise.
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