Shein and Temu to Increase US Prices
Chinese online retailers Shein and Temu have notified US consumers that prices on their respective e-commerce platforms will increase from April 25.
Report - page 6
SoFi Adds Funds in Commitments to Loan Platform Business
SoFi secured agreements worth $3.2 billion for expansion to its Loan Platform Business.
KeyCorp’s Commercial Payments Business Demonstrates Growth
KeyCorp released data on its earnings, which showed growth in deposits, while the bank’s management pointed to the momentum in payments, including commercial transactions of the relevant category, which should prove resilient even amid macroeconomic difficulties related to the tariff-driven trade war.
Toku Raises $48 Million
Toku raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform focused on mid-market to enterprise businesses in Chile, Brazil, and Mexico.
AI Startups Raise $73B in Q1
Over half of the quarterly AI startup investments were brought in by a March $40 billion funding round secured by the industry leader – OpenAI.
Nvidia CEO Visits Beijing
Nvidia Corp. chief executive officer Jensen Huang arrived in Beijing after the administration of United States President Donald Trump barred the company from the sale of the H20 artificial intelligence chip to China.
TSMC Reports Earnings
Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday, April 17, maintained its annual revenue forecast after its profit for the last quarter exceeded preliminary expectations and became evidence that global consumer demand for artificial intelligence chips continues.
Western Union Develops Media Network Business
Western Union is committed to developing its new Media Network business through collaboration with Magnite, an independent sell-side advertising company.
ValidiFI Offers Authoritative Bank Account Verification Tool
Bank account and payment intelligence company ValidiFI has started offering consumers new authoritative bank account verification capabilities.
Anthropic Reportedly to Add Voice Capabilities to AI Assistant Claude
The media published information according to which Anthropic plans to add voice capabilities to its artificial intelligence assistant Claude.
Neobank Bunq Plans to Get US Banking License
The European neobank Bunq is currently on its way to obtaining a banking license in the United States.
Global Tech Stocks Decrease
On Wednesday, April 16, technology stocks are on a downward trajectory as new restrictions from the United States government on the export of Nvidia Corp. chips to China and the disappointing report from ASML Holding NV have significantly worsened the prospects for the semiconductor sector, which has already caused the market value of the two […]
South Korea Announces Over $23 Billion for Chip Sector
South Korea on Tuesday, April 15, announced a 33 trillion won ($23.25 billion) support package for its vital semiconductor industry, as high levels of tariff uncertainty from the United States threaten companies based in the Asian country.
US Announces Probe Into Electronics Imports
The US Commerce Department is conducting a national security investigation into the import of semiconductor technology and related downstream products.
Rare Earths Become China’s Weapon in Trade War
China may start using rare earths as a weapon in a new trade war with the United States.
Nvidia Plans to Manufacture Some AI Chips in US
Nvidia on Monday, April 14, announced that it has commissioned more than a million square feet of production space to build and test artificial intelligence chips in Arizona and Texas.
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