Saxo Bank Publishes 2025 Forecast
The Saxo Bank Outrageous Predictions, which have already become somewhat traditional, have been published.
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Meta to Invest $10 Billion for New Data Center
On Wednesday, December 4, Meta announced plans to invest $10 billion to set up an artificial intelligence data center in Louisiana.
Citigroup Rolls Out AI Tools for Employees
Citigroup on Wednesday, December 4, began the process of rolling out new artificial intelligence tools for its employees.
Walmart Marketplace Reports Record Black Friday-Cyber Monday Sales
Walmart reported that at the beginning of the holiday shopping season, third-party sellers enjoyed record sales volumes.
Banks Improve Their AML and KYC Practices
The era of digitalization as a global process continues and scales, gradually infiltrating more and more into various aspects of the existence of human civilization and spheres of activity, including the banking sector, many players of which, despite the possibilities of advanced technologies, continue to face old problems in areas anti-money laundering (AML) and Know […]
Wells Fargo Reportedly Sells San Francisco HQ
The media reported that Wells Fargo is selling its headquarters in San Francisco, as the leadership of this financial institution, which is the fourth largest by total assets in the United States banking system, heads east.
Stackfix Raises $3 Million
The startup Stackfix, which was founded by pioneers in the area of artificial intelligence, raised $3 million in seed funding.
Salesforce Reports Earnings
On Tuesday, December 3, the value of Salesforce shares increased by 9% after this company published information about its earnings for the third fiscal quarter and guidance for the next fiscal quarter, which exceeded analysts’ preliminary expectations.
Amazon Presents New Slate of AI Models
Amazon has announced a new slate of artificial intelligence platforms, known as foundation models, which, among other things, allow users to generate text materials, images, and videos.
China Bans Export of Key Minerals to US
China has banned the export to the United States of items related to the minerals gallium, germanium, and antimony, which can be used for military purposes.
US Imposes New Restrictions China’s Chips
The United States on Monday, December 2, launched the third restrictive measures against China’s semiconductor industry in the last three years, reducing the scope of export opportunities to this Asian country.
Amazon Debuts AWS Data Transfer Terminals
Amazon Web Services (AWS) has announced that its data transfer terminal offering has become available online.
Kioxia Sets Price Range for IPO
Bain Capital-backed chip manufacturer Kioxia has set a tentative price in the range of 1,390 to 1,520 yen ($9.22 to $10.09) per equity for its initial public offering (IPO) of shares.
Czech Online Grocer Rohlik Reaches Nearly $2 Billion Valuation
The valuation of Czech online grocer Rohlik Group has reached 1.85 billion euros ($1.95 billion), which is almost twice the figure observed three years ago.
European Manufacturing Activity Demonstrates Decline
Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.
Revolut Faces UK Fraud Lawsuit
Revolut Ltd. is facing a lawsuit in the United Kingdom, as a result of which this fintech brand can pay 700,000 euros ($735,880) to a Serbian energy company as part of a fraud claim.
