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.
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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.
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.
China Reportedly Seeks Money to Drive Chipmaking
The media, citing persons who provided information on condition of anonymity, reported that China is currently seeking to raise funds in the amount of more than $40 billion to create a kind of investment base for the development of the local industry sector specializing in the production of chips and research in the relevant sphere.
International Grocery Chain Aldi Invests in Bigger Stores
The business of the international grocery store chain Aldi is in a state of growth in several directions.
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.
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.
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.
