Report - page 109

Finance & Economics

Reality Tempers Outlook for Arm’s Public Listing

Reality, whose unconditional influence on plans and intentions has a transformational effect in many cases, has changed the prospects for the public listing of Arm, a chip manufacturer that is part of the ownership structure of the Japanese corporation SoftBank Group.

Finance & Economics

Robinhood Reaches Agreement with U.S. Marshal Service to Repurchase Shares from Emergent Fidelity Technologies

Virtual brokerage company Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to buy back shares of Sam Bankman-Fried’s Emergent Fidelity Technologies.

Fintech & Ecommerce

Apollo Global Management Reportedly Doubts in Investment in Brand Aggregator Perch

The media reported that the private company Apollo Global Management is currently reviewing its investment in the brand aggregator Amazon Perch.

News

IBM and Salesforce Cooperate to Help Clients Adopt AI

IBM and Salesforce announced the beginning of a partnership in which these companies will assist businesses in the process of implementing artificial intelligence in the segments of activities related to customer interaction.

Science & Technology

Japanese Startup Rapidus to Challenge Taiwan Semiconductor Manufacturing

Japanese startup Rapidus, which receives support from the government of this country, announced the hiring of more than 200 people as part of efforts to create an ultra-modern chip manufacturing plant by 2027.

Science & Technology

Intel CEO Says About Good Prospects of Company

Intel Corporation Chief Executive Officer Pat Gelsinger said that the company is currently on track to achieve indicators that are in line with forecasts for the third quarter.

Fintech & Ecommerce

Klarna Reports Earnings Results for First Half of 2023

Klarna has released the financial results of its operations for the first six months of 2023, which testified to the positive dynamics of the second quarter, which exceeded initial expectations.

News

UAE Launches Bilingual AI Model

Inception, a subsidiary of Abu Dhabi-based G42 firm specializing in machine intelligence, the California-based Cerebras research company, and the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) have developed a large language model called Jais.

News

Morgan Stanley Downgrades Palantir Technologies

Palantir Technologies has been downgraded at Morgan Stanley, which is the latest signal of Wall Street’s skepticism about this company specializing in software development and positioning itself as a major player in the sphere of artificial intelligence.

News

Country Garden Warns About Threat of Default

Country Garden, one of the giants of the Chinese real estate sector, on Wednesday, August 30, announced the threat of default on its huge debts.

Fintech & Ecommerce

Praso Acquires Floki’s IP

The Brazilian company Praso, which provides a distribution platform for small retailers, announced the raising of $9.3 million in investment funds and announced the acquisition of the intellectual property of Floki, a brand that uses AI to automate purchases in small bars and restaurants.

News

Amazon Acquires Company Fig

Amazon has expanded its ownership structure as a result of the acquisition of Fig, which is a manufacturer of an autocomplete tool for terminals used by developers.

News

OpenAI Approaches $1 Billion of Annual Sales

The media reported that the annual revenue of OpenAI is approaching the landmark mark of $1 billion.

Fintech & Ecommerce

Technology Platform Apollo.io Raises $100 Million

Sales technology platform Apollo.io announced that it had managed to raise financing in the amount of $100 million.

News

Google Reportedly Plans to Sell Maps Data

The media reported that Google intends to license mapping data sets to companies that create products using renewable energy sources.

News

OpenAI Launches ChatGPT for Businesses

OpenAI announced the launch of the corporate version of ChatGPT, within which additional functions and privacy guarantees are available to users.