Fabio Panetta, European Central Bank Governing Council member and Governor of the Bank of Italy, said it was highly likely that a decision would be made in the future to further cut interest rates.
Microsoft on Wednesday, August 21, announced that in October it will release a controversial Recall search function using artificial intelligence.
Airtel Payments Bank, which is based in India, announced the launch of a new security solution called Face Match.
The social media platform X, formerly known as Twitter, announced the immediate termination of its operations in Brazil, one of the largest media markets in Latin America.
The United States Court of Appeals has ruled that the Internet search giant Google must respond to a renewed class action lawsuit by Chrome browser users who claimed that the company was involved in the practice of collecting their data classified as confidential information without first obtaining permission to carry out relevant activities.
OpenAI launched fine-tuning for GPT-4o and stated that as a result of using this new feature, developers will be able to increase the level of performance and improve such an aspect of their apps as accuracy.
Taiwan Semiconductor Manufacturing Co. (TSMC) has broken ground its first production site in Europe.
Hong Kong stock indexes on Monday, August 19, showed growth against the background of the rising value of shares of technology companies.
The South Korean companies Rebellions Inc. and Sapeon Korea Inc., which specialize in carrying out activities in the chip manufacturing sector necessary for training and ensuring the subsequent operation of artificial intelligence systems, have signed a final merger agreement.
It became known that Advanced Micro Devices (AMD) Inc. has reached an agreement on the implementation of the deal for the acquisition of ZT Systems, which specializes in the implementation of server manufacturing activities.
Wall Street is betting that Federal Reserve Chairman Jerome Powell at the central bank’s annual confab in Jackson Hole, Wyoming, will confirm the intention of the United States financial regulator to decide on monetary easing, implying cutting interest rates.
Kiteworks has announced that it has raised a $456 million growth equity investment.
The media reports that the chairman of the Federal Reserve System, Jerome Powell, took part in a closed meeting with bank executives and urged them to cooperate with the financial regulator of the United States to avoid years of litigation over the proposal of the administration of US President Joe Biden on capital.
Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.
Eric Schmidt, who headed Google for ten years, during a conversation with Stanford students, said that not being an investment consultant, he sees an obvious play on the stock market, which did not involve buying shares of his former employer.
Revolut has signed secondary share sale agreements with investors.
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