Austan Goolsbee Sees Transitory Inflation From One-Time Tariffs
Federal Reserve Bank of Chicago President Austan Goolsbee stated that the inflationary impact of tariffs could be transitory if they were limited in scope.
Report - page 23
Perplexity AI Reportedly Plans to Raise Up to $1 Billion
The media, citing an anonymous insider, published information according to which Perplexity AI, a startup building search engine powered by artificial intelligence, is currently in talks to double its valuation to $18 billion as part of a new funding round.
China’s Central Bank Keeps Interest Rates Steady
The People’s Bank of China on Thursday, March 20, decided to keep its key lending rates unchanged, as the Asian country is currently trying to support economic growth and stabilize the yuan amid the observed process of intensification of trade frictions.
Bank of England Holds Interest Rates
The Bank of England on Thursday, March 20, decided to keep interest rates at the same level, as the United Kingdom is currently facing uncertainty in the context of the prospects for the further dynamic of the global trade situation and is approaching a recession scenario in the country’s economic system.
LianLian DigiTech Sees 64.7% Surge in Digital Payment TPV
Fast-growing Chinese fintech company LianLian DigiTech has successfully finished the 2024 financial year, witnessing a strong total payment volume (TPV) increase.
Fed Holds Interest Rates Steady
The Federal Reserve on Wednesday, March 19, decided to leave interest rates unchanged, although at the same time underlined that the cost of borrowing is likely to be lowered later in the current year.
AMD CEO Visits China
Advanced Micro Devices (AMD) chief executive officer Lisa Su began her visit to China, where she touted the company’s role in supporting the development of artificial intelligence in the Asian country through the lens of interaction with leading players in the local corresponding industry, including DeepSeek and Alibaba Group Holding.
Samsung Seeks to Reclaim Ground in AI Memory Market
Samsung Electronics Co. pledged to strengthen its position in the high-bandwidth memory chip market in the current year.
Google Launches Redesigned Pixel 9a
Google has launched a redesigned version of its budget Pixel phone, updating the chip and battery life.
Nvidia Announces New AI Chips
Nvidia last Tuesday, March 18, at its annual GTC conference, announced new chips that are designed for the development and subsequent deployment of artificial intelligence models.
China’s Economy Demonstrates Positive Results
In China, in the first two months of the current year, growth in consumption, investment, and industrial production was recorded, which exceeded initial expectations regarding the dynamic of the corresponding indicators.
Alphabet to Buy Wiz for $32 Billion
Alphabet, Google’s parent company, announced on Tuesday, March 18, that it would acquire Wiz in its largest deal valued at approximately $32 billion.
Baidu Launches Two New AI Models
Last Sunday, March 16, the Chinese company Baidu announced that it had launched two new models of artificial intelligence.
Google DeepMind CEO Says About Prospects of Artificial General Intelligence
Google DeepMind co-founder and chief executive officer Demis Hassabis stated that there is still some way to go before the emergence of such a configuration of artificial intelligence that is able to cope with any task on a par with humans, but it is a matter of time when the corresponding digital cognitive systems will […]
Bank of America Claims Real-Time Payments Connect Businesses to Working Capital
Daniel Stanton, managing director and global head of Transactional FX at Bank of America, stated during a conversation with media representatives that as financial institutions move onto real-time payment networks, providing corporate clients with faster payment capabilities will be a long-term project.
China’s Economy Forecast Reportedly to Show Resilience
The media, citing analysts, claim that China’s economic system probably demonstrated stability in the first two months of the current year, even though the President of the United States Donald Trump began a second trade war between Washington and Beijing almost immediately after returning to power in January.
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