Apple Announces Plans for Special Event on May
Apple Inc. announced its intention to hold a special event on May 7.
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Perplexity AI Raises About $63 Million
Perplexity AI, a startup developing an artificial intelligence-based Internet search system capable of fully competing with Google, was able to raise investments worth about $63 million as part of a new round of financing.
Apple’s Q1 Smartphone Sales in China Demonstrate Decline
In the first quarter of 2024, sales of Apple Inc.’s iPhone significantly decreased in the Chinese smartphone market.
Payflows Raises $26 Million
French fintech company Payflows has announced that it has managed to raise $26 million in investment funds for its all-in-one platform for financial teams.
Verafin Launches AI Copilot
Verafin has announced the addition of an artificial intelligence copilot to its suite of solutions for combating financial crimes.
Rippling Announces New Fundraising
Rippling, the workforce management platform that unifies HR, IT, finance, and more, announced on Monday, April 22, that it has managed to raise new funding for $200 million.
Alphabet’s Cash Boom Stimulates Dividend Hopes on Wall Street
Alphabet Inc. receives so much cash that against this background, hopes are growing that it will be able to take the page out of the playbook of Meta Platforms Inc. and start paying dividends.
Trendy Fashion Retailer Express Files for Bankruptcy
Trendy fashion retailer Express Inc. has filed for bankruptcy.
China’s Q1 Fiscal Revenue Demonstrates Decline
In the first quarter of the current year, China’s fiscal revenue showed a decrease of 2.3% compared to the result for the same period in 2023.
Gina Raimondo Downplays Huawei’s Latest Microchip Breakthrough
Last weekend, US Commerce Secretary Gina Raimondo, while talking to reporters, downplayed the importance of the latest achievements of the Chinese company Huawei Technologies in the microchip area, stating in an appropriate context that Washington is significantly ahead of Beijing in the mentioned segment of the technology sector.
Economists Boost US GDP Outlook
Economists have raised their outlooks on the growth of the gross domestic product (GDP) of the United States.
Bank of Canada Governor Sees Little Impact of Country Budget on Fiscal Track
Bank of Canada Governor Tiff Macklem said that the draft budget of Prime Minister Justin Trudeau did not become a factor of impact that led to changes in the concept of fiscal policy that the financial regulator formed back in November last year.
Wagestream Raises $21.8 Million
Wagestream, a financial well-being app focused on frontline workers, was able to raise investment funds for 17.5 million pounds (about $21.8 million) as part of the financing round.
S&P Says About Loosening of China’s Fiscal Stimulus
Yunbang Xu, senior analyst at S&P Global Ratings, said that China’s fiscal stimulus program is gradually weakening.
Lenovo and Alibaba Cooperate to Build AI Computers
Lenovo Group, one of the world’s largest manufacturers of personal computers, has partnered with Alibaba Group Holding, a giant in the sphere of Internet business, to create a series of products based on artificial intelligence.
Micron Intends to Get $6.1 Billion in Grants From US
The company Micron Technology, which specializes in the implementation of activities for the production of memory chips, will receive $6.1 billion in grants from the Commerce Department of the United States.
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