Alibaba Cloud Launches New AI Models
Alibaba Cloud has developed two open-source artificial intelligence models that are able to recognize information contained not only in text materials but also in images.
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Reddit Launches Rewards Program for Moderators
Reddit announced the launch of a moderator assistance program.
AI Startup Hugging Face Raises $235 Million
The Hugging Face startup, which operates in the area of artificial intelligence, announced that it managed to raise investment funds for $235 million following the results of the Series D funding round.
TD Bank Cooperates With Regulators on Anti-Money Laundering Issues
TD Bank announced cooperation with regulators and law enforcement agencies in the framework of the proceedings concerning the lender’s compliance with the provisions of the normative base defining the legal principles of combating money laundering.
Twilio Launches AI Tools
Twilio, a software company, presented new artificial intelligence tools for its customer interaction platform.
NVIDIA CEO Dispels Concerns About Deficit of Chips in AI Boom
NVIDIA Chief Executive Officer Jensen Huang said that investors’ concerns about a possible shortage of chips due to exceeding by the level of demand for these products the pace of production are not justified, and noted that there is no reason for any anxiety about this.
NVIDIA Reports Record Sales
NVIDIA has reported an increase in its sales to a record level amid a rapid growth in demand for artificial intelligence chips.
FinTech Startup Yeeld Partners With Airwallex to Accelerate Global Payments
Fintech startup Yeeld announced the beginning of cooperation with the financial company Airwallex in order to accelerate global payment operations and other transactions for customers.
NVIDIA and VMware to Accelerate Generative AI Adoption
VMware and NVIDIA announced the expansion of the scope of strategic cooperation in order to provide businesses with assistance in implementing generative artificial intelligence in the process of their activities.
Cross River Bank and FinTech Platform Current to Launch New Credit-Building Product
Cross River Bank has reached an agreement with the Current fintech platform on cooperation within the framework of the project to launch a new loan product.
Clara Reportedly Launches Cross-Border Payments in Mexico
The media reported that the fintech company Clara in Mexico began to provide local consumers services for making cross-border payment transactions.
Microchip Giant Arm Files for IPO
Arm Holdings, which is part of the ownership structure of SoftBank Group, has taken the first step toward initial public offerings of shares.
S&P Global Ratings Downgrades Five Regional US Banks
S&P Global Ratings has revised down the ratings of five regional banks in the United States.
Tourism to Become $15.5 Trillion Industry by 2033
The volume of the travel industry by 2033 may reach a significant landmark of $15.5 trillion.
Citigroup CEO Reportedly Weighs Plan to Break Up Corporation’s Biggest Unit
The media reports that currently, the chief executive officer of Citigroup Jane Fraser is considering the possibility of creating a plan to break up the largest unit of this corporation as part of a restructuring strategy.
Infor Nexus and DBS Bank to Offer New Pre-Shipment Financing Solution for Businesses in India
Infor Nexus Supply Chain Network and DBS Bank reported on collaboration to create a pre-shipment financing solution for small and medium-sized businesses in India.
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