Swiss National Bank Cuts Rates in Third Trim This Year
The Swiss National Bank on Thursday, September 26, adopted the third decision since the beginning of the current year to ease monetary policy.
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Bain Predicts AI Market to Surge to Near $1 Trillion by 2027
Bain & Co. predicts that the global market for artificial intelligence-related products, which is currently on an active growth trajectory, will reach as much as $990 billion in financial volume by 2027, as the rapid adoption of this technology, according to the company’s experts, disrupts firms and economies.
Meta Unveils Quest 3S VR Headset
Meta has announced Quest 3S, a virtual reality headset that was developed by the unit specialists of this technology giant called Reality Labs and differs from its predecessor product in a similar functional orientation at a more affordable price.
Mira Murati to Leave OpenAI
OpenAI chief technology officer Mira Murati is leaving this startup, which is the latest high-profile departure from the company that developed the world’s most popular chatbot called ChatGPT.
Startup Wiz Reportedly Explores Shares Sale
The media, citing knowledgeable insiders, report that the startup Wiz Inc., which operates in the cybersecurity area, is currently in discussions regarding the sale of existing shares at a valuation of up to $20 billion.
China Rolls Out Stimulus Package to Revive Economy
China’s central bank has unveiled a broad package of monetary stimulus measures designed to revive the world’s second-largest economy, which is currently facing insufficient factors for an upward trajectory that ensures rapid growth.
Blackstone and Vista Equity Partners to Acquire Smartsheet
Collaboration software maker Smartsheet announced on Tuesday, September 24 that Blackstone and Vista Equity Partners would acquire it.
Google Reports 2 Million Developers Use Its GenAI Solutions
Google reported that its generative artificial intelligence model called Gemini is currently used by more than 2 million developers.
AI Startup Phacet Reportedly Raises $4 Million
The media reports that the startup Phacet, which operates in the space of the artificial intelligence industry, managed to raise investment funds for $4.4 million.
DailyPay Plans to Expand Earned Wage Access Services to UK
DailyPay will expand its earned wage access (EWA) services to the United Kingdom in the current fall.
Perplexity AI Reportedly Plans New Advertising Model
The media reports that Perplexity AI is currently planning a new advertising model for its search engine, which operates based on artificial intelligence.
China’s Semiconductor Industry Demonstrates Moderate Movement Forward
In China, the local semiconductor industry is gradually promoting homegrown lithography tools following the specifications published by the central government of the Asian country, but analysts through the prism of skeptical perception assess the quality level of this movement forward, noting in an appropriate context that Beijing has yet to make a kind of breakthrough […]
US Banks Benefit From High Interest Rates
According to media reports, during the period of high interest rates in the United States, local banks collectively managed to earn $1 trillion.
PNC and Plaid Collaborate on Secure Sharing of Banking Data
PNC Financial Services Group and Plaid have formed partnerships in which the bank’s customers are allowed to securely share their data with third-party financial apps and services.
JPMorgan Chase CEO Says Inflation Likely to Persist
JPMorgan Chase chief executive officer Jamie Dimon said on Friday, September 20, that he through the prism of skeptical perception, evaluates the prospects that a soft landing scenario will be implemented in the space of the economic system of the United States.
American Airlines Reportedly Plans to Make Citigroup Its Exclusive Credit Card Partner
Media reports indicate that American Airlines is currently in talks aimed at making Citigroup its exclusive credit card partner.
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