Report - page 55

News

Larry Ellison Becomes World’s Second-Richest Man

On Monday, September 16, the value of Oracle shares continued their growth trajectory, increasing by more than 6%, against which the chairman of this company, which is a software developer and server hardware supplier, Larry Ellison became the second richest person in the world, displacing Amazon founder Jeff Bezos in the appropriate position.

Science & Technology

World Labs Gets Investments to Develop Spatially Intelligent AI

World Labs has announced that it has managed to raise investment funds for $230 million, which will be used to develop large world models.

Finance & Economics

China Fines PwC for Its Role in Evergrande Collapse

In China, local regulators imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in the mainland of this Asian country.

Science & Technology

Adobe Shares Demonstrate Sharp Decline

The value of Adobe shares fell by almost 10% on Friday, September 13, after the Photoshop developer released a disappointing quarterly earnings forecast, which provoked fears that returns from its push toward artificial intelligence design would become a scenario for a longer period of materialization compared to initial expectations.

News

Google to Help Small Businesses to Integrate AI

Google has presented initiatives aimed at helping small business companies integrate artificial intelligence technologies.

Fintech & Ecommerce

Form3 Raises $60 Million

Form3 has completed an extension of the $60 million Series C funding round.

Finance & Economics

S&P Global Ratings Economist Says About China’s Ability to Deal With Property Crisis

Paul Gruenwald, global chief economist at S&P Global Ratings, says that the current state of affairs in the Chinese real estate market is the biggest factor of risk in reducing the economic growth target of this Asian country and notes that Beijing does not seem to be going to make any significant changes to overcome […]

News

OpenAI Presents New AI Model

OpenAI presents a new model of artificial intelligence, which was internally known as Strawberry.

Fintech & Ecommerce

Conversational Commerce Startup Connectly Raises $20 Million

Connectly, a startup operating in the area of conversational commerce, announced that it managed to raise $20 million in financing.

News

BurgerFi Files for Bankruptcy

Fast casual chain BurgerFi filed for Chapter 11 bankruptcy and announced it on Wednesday, September 11.

Finance & Economics

Economists Improve Singapore 2024 Growth Forecast

Experts have revised their forecasts for the growth of Singapore’s economy in the current year to improve.

Finance & Economics

Hong Kong Demonstrates Readiness to Push Forward Belt and Road Initiative

Hong Kong’s financial secretary Paul Chan said that the city has all the capabilities necessary to facilitate the implementation of the Belt and Road Initiative.

News

Huawei Unveils Mate XT Tri-Fold Handset

Huawei Technologies on Tuesday, September 10, presented the world’s first commercial tri-fold smartphone called Mate XT.

News

Oracle Earnings Beat Estimates

During the extended trading, the value of Oracle shares, a provider of database software, showed an increase of 9%, against the background of earnings data from this company for the first quarter of fiscal year 2025, which exceeded Wall Street’s preliminary expectations.

Science & Technology

Audible to Start Generating AI Voice Replicas of Audiobook Narrators

Amazon.com Inc.’s Audible will begin inviting select a group of audiobook narrators from the United States to train artificial intelligence in their voices.

Finance & Economics

China Faces Growth of Deflation Risk

In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.