Report - page 78

Nvidia CEO Says About Rising Competition
News

Nvidia CEO Says About Rising Competition

Nvidia chief executive officer Jensen Huang last Wednesday, June 26, said that the current significant advantage of this company in the area of chips for artificial intelligence systems was achieved as a result of a bet made more than ten years ago, based on investments in AI worth billions of dollars and a team of […]

Amazon Hits $2 Trillion in Value
Fintech & Ecommerce

Amazon Hits $2 Trillion in Value

Amazon.com Inc. has reached a market capitalization of $2 trillion for the first time in its history.

South Korea Kicks Off $19 Billion of Chip Loans
News

South Korea Kicks Off $19 Billion of Chip Loans

South Korea will start providing financial aid to chip manufacturers in July.

Malaysia Gains Chinese Investors to Build More Data Centers
Science & Technology

Malaysia Gains Chinese Investors to Build More Data Centers

Malaysian Economy Minister Rafizi Ramli said that the country’s leadership is currently negotiating with potential investors from China about their possible participation in data center construction projects.

SaaS Company Payabli Raises $20 Million
Fintech & Ecommerce

SaaS Company Payabli Raises $20 Million

Payabli, which specializes in developing a payment infrastructure solution, was able to raise $20 million in investment funds as part of a Series A financing round.

ECB’s Olli Rehn Sees Bets for Two More Cuts in 2024 as Reasonable
Finance & Economics

ECB’s Olli Rehn Sees Bets for Two More Cuts in 2024 as Reasonable

Expectations that the European Central Bank will adjust the current configuration of its monetary policy twice more this year by lowering the cost of borrowing are fair, according to Governing Council member of the financial institution Olli Rehn.

OpenAI Reportedly Plans to Block China Access to AI Tools
Science & Technology

OpenAI Reportedly Plans to Block China Access to AI Tools

The media reported that OpenAI is taking additional measures to restrict China’s access to artificial intelligence software.

BIS Says AI Challenges Central Banks
Fintech & Ecommerce

BIS Says AI Challenges Central Banks

The Bank for International Settlements shared its opinion and vision of how financial institutions, primarily those of these organizations that have the status of state regulators, should respond to the active spread of artificial intelligence and interact with this advanced technology.

Huawei Makes Progress in Its Recovery
News

Huawei Makes Progress in Its Recovery

Huawei is currently going through one of the most iconic and remarkable periods not only in its history but also in the history of the high-tech industry.

Pismo Activates Ledger Update
News

Pismo Activates Ledger Update

Pismo, a global cloud-native provider of core banking services and bank card processing, has announced that a significant upgrade has been made to its authorization engine.

China Considers Countermeasures After US Intention to Curb Outbound Tech Investment
Science & Technology

China Considers Countermeasures After US Intention to Curb Outbound Tech Investment

The Chinese Ministry of Commerce made harsh statements to the United States after it became known that Washington plans to impose restrictions on investments in the high-tech sector intended for Beijing.

Verituity Raises $18.8 Million
Fintech & Ecommerce

Verituity Raises $18.8 Million

Verituity raised $18.8 million to support the growth of its B2B and B2C verified payments platform.

German Business Expectations Fall
Finance & Economics

German Business Expectations Fall

Germany’s business outlook showed a deterioration for the first time in five months, a sign that Europe’s largest economic system is facing various difficulties and obstacles on its way to recovery.

OpenAI Buys Enterprise Startup
News

OpenAI Buys Enterprise Startup

OpenAI has bought Rockset, a startup that specializes in enterprise search and analytics.

Bank of England Keeps Interest Rates at 5.25%
Finance & Economics

Bank of England Keeps Interest Rates at 5.25%

Last Thursday, June 20, the Bank of England, during its regular meeting, decided to keep interest rates at 5.25%.

SoftBank CEO Predicts AI to Surpass Significantly Human Mind in 10 Years
Science & Technology

SoftBank CEO Predicts AI to Surpass Significantly Human Mind in 10 Years

SoftBank CEO Masayoshi Son on Friday, June 21, during a rare public appearance, said that artificial intelligence, which in terms of cognitive abilities is 10,000 times greater than the capabilities of the human mind, will emerge, in his opinion, in 10 years.