Pine Labs Pvt, the Asian digital payment provider backed by Peak XV Partners and Mastercard Inc., is currently considering raising about $1 billion in investment funds during an initial public offering (IPO) of shares in India.
A fresh cybersecurity study from the Kaspersky team revealed alarming results—only 23% of passwords are strong enough, while 45% of real-world passwords could be cracked in less than a minute.
Singapore has stated that its banking sector poses the highest money laundering risks to the city-state.
HeyGen, a startup operating in the artificial intelligence industry, received investment funds for $60 million following the results of the financing round that values the firm at $500 million.
Anthropic, a startup operating in the artificial intelligence industry, has developed a new AI model.
The Paris-based venture capital firm Breega is setting up a $75 billion fund to invest in early-stage startups in Africa.
The Swiss National Bank decided to cut interest rates for the second meeting in a row.
About 60% of employees in Singapore use generative AI (GenAI) tools at work, the highest usage rate globally, alongside Hong Kong.
In May, the United Kingdom’s inflation rate fell back against the Bank of England’s 2% target for the first time in almost three years.
Nvidia, the main beneficiary of the ongoing scaling process of the so-called artificial intelligence boom on Wall Street, has become the most valuable company in the world.
Startups operating in the cryptocurrency industry have been able to raise more than $100 billion in venture funding since the founding of this sphere of activity.
The Spanish venture capital company Kfund reported that it managed to raise $75 million in investment funds.
Stripe fintech company intends to provide its employees with the opportunity to cash out some of their shares.
On Monday, June 17, the United States government sued Adobe, maker of Photoshop and Acrobat, accusing the company of harming consumers by hiding high fees for terminating subscriptions in the most popular tariff plan and making it difficult to cancel subscriptions.
Last week, at the International Carbon Neutrality Expo in Shanghai, many scale models were presented that allowed experts to form a preliminary idea of how China intends to use hydrogen energy.
The People’s Bank of China has decided to leave the key interest rate unchanged.
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