Report - page 114

Finance & Economics

SoFi Publishes Earnings Results

SoFi’s results concerning the company’s revenues have become evidence of the effectiveness and justification of the firm’s concept of activity, which provides for the unification of savings, lending, and expenses within a single financial vector characterized by continuity.

News

California Plans to Review Data Privacy in Cars

In California, local regulators with the authority to initiate investigations and proceedings in the field of confidentiality have announced their intention to review the data protection policy followed by car manufacturers.

Finance & Economics

HSBC Profit Grows

Banking giant HSBC has reported a sharp increase in profit for the second quarter of 2023.

News

Foxconn Plans to Build Component Plants in India

Foxconn Technology Group, Apple’s main supplier based in Taiwan, intends to increase investment in the development of production in the southern Indian state of Karnataka to more than $1.2 billion.

News

Amazon to Double Same-Day Delivery Facilities

Amazon on Monday, July 31, announced its intention to double the number of same-day delivery points in the United States.

Finance & Economics

Swiss National Bank Reports $15 Billion Loss

The Swiss National Bank on Monday, July 31, reported that following the results of the second quarter, this financial institution recorded a loss of 13.2 billion Swiss francs ($15.14 billion).

Science & Technology

Microsoft Says About Importance of GPU Supply for AI

Microsoft informed investors about the critical importance of the supply of graphics processors (GPUs), which are both the main resource and a risk factor for the business of cloud services that are part of the technological ecosystem of the corporation and are at the stage of intensive scaling.

Science & Technology

Toshiba Says Its Takeover Offer to Start in August

Toshiba has announced that it expects a $15 billion buyout offer by a group led by private equity firm Japan Industrial Partners to begin in August.

Science & Technology

Applied Materials Expands in India

The American company Applied Materials, a manufacturer of equipment used in the production of microchips, announced its intention to expand the scale of its activities in India.

Science & Technology

Threads Rolls Out Updates

Threads, a virtual social interaction platform, has released its first major update.

Finance & Economics

Sequoia Capital Reportedly Downsizes Its Funds

The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.

Finance & Economics

Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field

Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.

Fintech & Ecommerce

TIFIN Launches Platform for Creating AI FinTechs

The wealth platform with integrated artificial intelligence TIFIN presented a new project, which is a kind of space for creating AI fintech firms.

Science & Technology

Survey Reveals 10% of Investors Use AI to Manage Investments

Over 10% of investors reportedly use Chat-GPT-like AI tools to assist them in portfolio management

News

Fed Raises Interest Rates

The US central bank has decided to raise interest rates to the highest level in the last 22 years.

News

China’s Central Bank Calls On Financial Sector to Help Fund Technology Research

The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.