AI Startup Glean Reportedly Plans to Raise $250 Million
The media reports that the startup Glean, which operates in the artificial intelligence industry, is currently in active negotiations on raising funds for $250 million.
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China’s Consumer Prices Demonstrate Growth
In July, China recorded an increase in consumer prices, the pace of which turned out to be higher than preliminary expectations regarding the degree of intensity of this indicator.
TSMC Sales Demonstrate Growth Amid AI Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) last month recorded an acceleration of the dynamic of the revenue growth rate by 44% year-on-year and 23,6% relative to the speed of movement of this figure on an upward trajectory in June.
Chinese Chipmaker SMIC Reports Q2 Earnings
Semiconductor Manufacturing International Corp (SMIC) on Thursday, August 8, released information on the financial results of its activities in the second quarter of the current year.
Experts Say About Low Likelihood of Emergency Interest Rate Cut by Fed
A sharp slowdown in the pace of the dynamic of the growth in the labor market in the United States has provoked rumors that the Federal Reserve may begin to soften its monetary policy strategy, providing for cutting interest rates, even before its September policy meeting.
Maersk CEO Says About Lack of Sign of US Recession in Freight Demand
Shipping giant Maersk, which has the status of a kind of barometer of the state of affairs in the world trade system, is convinced that currently there are no signs of a recession scenario in the global economy since the level of demand for services related to freight transportation continues to remain at high levels.
Apple Reportedly to Charge Up to $20 for Some AI Features
Apple may begin to implement the practice of charging its users up to $20 for using advanced artificial intelligence features.
Klarna Reportedly Gauges Investor Interest in Secondary Share Sale
The media reports that Klarna is currently assessing the interest of investors in buying existing shares of the company on the secondary market.
JPMorgan CEO Doubts About Return of Inflation to Fed’s 2% Target
JPMorgan Chase & Co. chief executive officer Jamie Dimon said he was skeptical about the prospects that the inflation rate in the United States would return to the Federal Reserve’s 2% target.
SoftBank Announces $3.4 Billion Buyback
SoftBank Group Corporation announced a share buyback worth up to 500 billion yen ($3.4 billion).
Amazon Launches New Version of Its AI Image Generator
Amazon has unveiled a new version of its own image generation model, the Titan Image Generator.
China Reports Exports and Imports Data
In July, China recorded an increase in imports, which exceeded preliminary expectations for the dynamic of this indicator, while the pace of export activity turned out to be less optimistic compared to forecasts.
Startup Riverlane Raises $75 Million
The startup Riverlane, which specializes in the development of semiconductors to reduce errors in quantum computing, announced that it managed to raise $75 million in the latest funding round.
SK Hynix Wins US Grants
South Korean SK Hynix Inc. is set to receive initial grants for $ 450 million and loans for $500 million for the implementation of a project to build an advanced chip packaging plant and a research facility in the US state of Indiana.
Neobank Monzo Customer Base Exceeds 10 Million
Digital bank Monzo, which is based in the United Kingdom, reported that the number of its customer base exceeded the 10 million mark.
Morningstar DBRS Says About Self-Fulfilling Prophecy on Market
Morningstar DBRS analysts warn that a prolonged downturn in the market after a global sell-off could become what they called a self-fulfilling prophecy.
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