Singapore Considers Bill to Fight Fraud
Singapore is currently considering a bill that provides for the police to be able to order banks to temporarily prevent customers from transferring money to fraudsters.
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PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Central Banks Buy Record Gold Reserves
Global central banks purchased 483 tonnes of gold in the first half of 2024, outperforming the previous record of 460 tonnes set in H1 2023 by 5%.
Amazon Reportedly Chooses Anthropic to Power Alexa 2.0
Media reports say Amazon is using Anthropic’s Claude AI model to power a new version of its Alexa voice assistant.
Magic Raises $320 Million
Magic has announced that it has raised $320 million in funding to develop an artificial intelligence coworker for AI research and code generation.
Eurostat Reports Inflation Decline
Inflation in the Eurozone fell to 2.2% in August.
Google to Launch Second Data Center in Latin America
Last Thursday, August 29, Google announced its intention to open its second data center in Latin America.
Dell Shares Rise Amid Positive Earnings Report
Last Thursday, August 29, Dell published information on the financial results of its operations in the second quarter of fiscal year 2025, which turned out to be more optimistic compared to the content of the preliminary forecasts of Wall Street analysts and became evidence of the company’s upward dynamic business related to servers.
OpenAI Reportedly Seeks to Raise Several Billion Dollars
The media reports that OpenAI is planning to raise investments worth several billion dollars as part of a new round of financing.
Mexican Fintech Stori Enters Colombian Market
Mexican fintech company Stori is set to launch in Colombia with a $100 million investment.
German Inflation Slows
In August, Germany recorded a slowdown in the inflation process to the target level of the European Central Bank (ECB).
Nvidia Exceeds Earnings Expectations
Nvidia, last Wednesday, August 28, released earnings data for the last fiscal quarter, which testified that the financial performance of this company, which has become one of the main beneficiaries of the so-called artificial intelligence boom, once again exceeded the expectations of Wall Street analysts regarding the brand’s commercial results.
AI’s Race for US Energy Intensifies
In the United States, local technology companies are currently actively using energy assets that are owned by bitcoin miners.
Realme Plans 100 Million AI Handset Shipments in Coming Years
In China, the local smartphone manufacturer Realme intends to ship 100 million artificial intelligence devices over the next three years.
