Mastercard Presents P2P Pilot for Crypto Credential Tool
Mastercard has presented a milestone update for its cryptographic credential tool.
Report - page 75
JPMorgan CEO Forecasts Problems in Private Credit Market
JPMorgan Chase & Co. chief executive officer Jamie Dimon said he expected problems with the private credit market.
IMF Lifts China Growth Forecast
The International Monetary Fund (IMF) expects China’s economic system to show growth of 5% in the current year.
Companies See Sustainability as Value Creation Opportunity: Report
A new Morgan Stanley report revealed that 85% of corporate decision-makers believe sustainability is either primarily (53%) or partly (32%) a value creation opportunity.
Apple to Open First Store in Malaysia
Apple plans to open its first store in Malaysia next month.
Meta Removes AI-Generated Influence Campaigns
Meta Platforms removed hundreds of accounts on its Facebook social media platform, which were used by several countries to launch and subsequently distribute information campaigns.
AI Companies Agree to Kill Switch Policy
At the artificial intelligence summit held last week in Seoul, companies operating in the AI industry reached an agreement on the application of the so-called kill switch policy, which provides for stopping the process of developing configurations of the advanced technology if certain risk thresholds are exceeded.
Mistral AI Takes Aim at US Market
Mistral AI, a French startup launched last year that positions itself as a competitor to OpenAI, specializes in developing artificial intelligence tools adapted for use by European consumers, but already has plans to wide operations in the United States market.
Rows Raises $8.7 Million
Rows reported that it managed to raise 8 million euros (about $8.7 million).
OpenAI Creates Oversight Team
OpenAI on Tuesday, May 28, announced the creation of a safety and security committee in the structure of this company.
Researchers Say About Advantage of Hong Kong’s Offshore Position for China
Leading Chinese researchers advise Beijing to step up its efforts to raise large amounts of foreign investment by focusing on its role in the Asian supply chain and using Hong Kong’s offshore position for appropriate purposes.
Apple’s iPhone Sales in China Demonstrate Growth
In China, a significant increase in sales of Apple’s iPhone smartphones was recorded in April.
Central Banks Use Generative AI for Cybersecurity Praising Its Effectiveness
BIS report revealed that most of its central bank members are adopting generative AI to enhance their internal cybersecurity measures. Moreover, they see immediate results of such implementation.
Bank of Japan Signals Room for Interest Rate Hikes
Governor of the Bank of Japan Kazuo Ueda and his deputy said that after this Asian country shifted away from the 0% inflation norm, opportunities for a gradual increase in interest rates were formed.
China’s Wary Investors Demonstrate Interest in Ultra-Long-Term Special Government Bonds
The surge in interest in China’s ultra-long-term special government bonds, which are extremely rarely offered, has become evidence that investors are interested in the so-called safe-haven assets since they need at least some guarantees and some protection during a period of significant economic instability.
China’s Middle Class Concerns About Spending
According to the results of a study conducted by employees of the Southwestern University of Finance and Economics in Chengdu, Sichuan Province, Chinese families who belong to the middle-class category continue to take a cautious approach in the context of their spending issues.
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