On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
Databricks, one of the most valuable privately held companies, on Tuesday, December 17, announced the raising of financing for $10 billion after one of the largest venture capital funding rounds in history.
In China, integrated circuit (IC) output in November showed an increase of 8.7% year-on-year.
China is currently striving to become the dominant player in the global artificial intelligence industry, and according to media reports, citing insiders and experts, Beijing’s corresponding efforts may eventually prove successful, since AI models developed in the Asian country already demonstrate a high level of efficiency and have significant competitiveness.
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest financial institution in the structure of the United States banking sector, has repeatedly made some kind of warning statements over the past year that the US economy faces a high level of risk that a negative stagflation scenario will be implemented in its space, repeating […]
Unified Payments Interface (UPI) is slowly but steadily emerging as the preferred method of financial transactions in rural and semi-urban India, according to a recent report.
On Monday, December 16th, OpenAI rolled out the search product for all users of its chatbot ChatGPT.
New research from Goldman Sachs indicates that among American companies, the practice of using artificial intelligence technologies is being implemented on a limited scale and is not yet what can be described as a massive process.
Last month, industrial output growth accelerated in China, but at the same time, retail sales in this Asian country turned out to be disappointing, amid which calls for Beijing to strengthen measures to stimulate consumer activity increased.
The European Central Bank will continue cutting interest rates as the inflation spike in recent years has increasingly moved into the rear-view mirror, bringing the 2% target.
In December, the private sector of the eurozone shrank in smaller volumes compared to initial expectations, which is the result of contributions from the services sector that exceeded forecasts.
The media has released information according to which HSBC is currently considering scaling back its retail banking operations in countries such as Mexico, Malaysia, Indonesia, and some others.
Moody’s Ratings downgraded France’s credit rating after local far-right leader Marine Le Pen toppled the country’s government as part of a dispute over reducing the public’s budget deficit.
The two executives leading Intel this week acknowledged that the company may be forced to sell its manufacturing operations.
Liquid AI, a startup operating in the area of generative artificial intelligence, announced on Friday, December 13, that it closed a $250 million early-stage funding round led by chip manufacturer Advanced Micro Devices (AMD).
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