Sequoia Capital Reportedly Downsizes Its Funds
The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.
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Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field
Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.
TIFIN Launches Platform for Creating AI FinTechs
The wealth platform with integrated artificial intelligence TIFIN presented a new project, which is a kind of space for creating AI fintech firms.
Survey Reveals 10% of Investors Use AI to Manage Investments
Over 10% of investors reportedly use Chat-GPT-like AI tools to assist them in portfolio management
Fed Raises Interest Rates
The US central bank has decided to raise interest rates to the highest level in the last 22 years.
China’s Central Bank Calls On Financial Sector to Help Fund Technology Research
The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.
Samsung Cuts in Memory Chip Production
Samsung Electronics continues to implement a strategy to reduce the production of memory chips, including NAND flash memory, which is used in smartphones and computers.
Bloom Money Raises Funds to Digitize Microcredit Finance
The British fintech company Bloom Money has announced that it has managed to raise investment funds for 1 million pounds to digitize the informal financial management system used by ethnic communities around the world.
PacWest to Merge With Banc of California
PacWest Bancorp plans to implement a merger deal with Banc of California.
Banco Santander Earnings Beat Estimates
The revenues of Banco Santander SA in the second quarter of this year exceeded the initial forecasts regarding this result of the bank’s activities.
Deutsche Bank AG Survives Slowdown in Trading Well
Deutsche Bank AG was able to survive a period of slowing trading, demonstrating a result that largely exceeded analysts’ expectations about the lender’s ability to cope with these adverse circumstances.
TikTok Adds Text Posts
TikTok announced the introduction of a new functional solution on its virtual platform, as a result of what users will be able to post text materials containing only words and nothing else.
Apple Opens Applications for Vision Pro Developer Kit
Apple has decided to open applications for the Vision Pro developer kit.
Netflix Launches New Tool
A new tool has appeared on the online platform of the streaming service Netflix, which is designed to search for content.
SoftBank and Symbiotic Collaborate to Offer Automated Warehouses
SoftBank Group last Monday, July 24, announced the creation of a joint venture with Symbotic, which was named GreenBox Systems LLC.
Apple Aspires to Keep iPhone Shipments Steady
Apple has asked suppliers to produce about 85 million iPhone 15 units this year, which roughly corresponds to the volumes recorded by the end of 2022.
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