Report - page 86

Fintech & Ecommerce

Praso Acquires Floki’s IP

The Brazilian company Praso, which provides a distribution platform for small retailers, announced the raising of $9.3 million in investment funds and announced the acquisition of the intellectual property of Floki, a brand that uses AI to automate purchases in small bars and restaurants.

News

Amazon Acquires Company Fig

Amazon has expanded its ownership structure as a result of the acquisition of Fig, which is a manufacturer of an autocomplete tool for terminals used by developers.

News

OpenAI Approaches $1 Billion of Annual Sales

The media reported that the annual revenue of OpenAI is approaching the landmark mark of $1 billion.

News

Technology Platform Apollo.io Raises $100 Million

Sales technology platform Apollo.io announced that it had managed to raise financing in the amount of $100 million.

Science & Technology

Google Reportedly Plans to Sell Maps Data

The media reported that Google intends to license mapping data sets to companies that create products using renewable energy sources.

Science & Technology

OpenAI Launches ChatGPT for Businesses

OpenAI announced the launch of the corporate version of ChatGPT, within which additional functions and privacy guarantees are available to users.

News

Stellar to Help Businesses Deploy AI

The Stellar company, which is based in Indianapolis, has officially declared its mission aimed at providing assistance to enterprises in achieving competitive advantages by introducing generative artificial intelligence, machine learning, and large language models into the structure of their activities.

Fintech & Ecommerce

Safaricom Launches Mobile Money Service in Ethiopia

Kenyan telecommunications company Safaricom has launched its M-Pesa mobile payment service in Ethiopia.

News

HDFC Bank and Marriott Bonvoy Launch Travel Card

Indian HDFC Bank announced the beginning of cooperation with Marriott Bonvoy, the Marriott International travel program, in order to launch a co-branded hotel credit card.

Science & Technology

SoftBank Plans Its Indian Startup Founders Trip to Silicon Valley

SoftBank Group plans to send its Indian startup founders to Silicon Valley in September, where they will get acquainted with the specifics of the field of artificial intelligence and the features of advanced technology.

Fintech & Ecommerce

QR Code Payments to Grow 590% in Southeast Asia by 2028: Research

A new study from Juniper Research has found the volume of QR code payments in the leading Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028.

Science & Technology

Alibaba Cloud Launches New AI Models

Alibaba Cloud has developed two open-source artificial intelligence models that are able to recognize information contained not only in text materials but also in images.

Finance & Economics

Analyst Downgrades Royal Bank of Canada

Royal Bank of Canada (RBC) showed results in the third quarter that exceeded analysts’ expectations and forecasts, but the problems that the financial institution will face in the near future became a reason for one of the experts to downgrade the lender’s shares.

Science & Technology

Reddit Launches Rewards Program for Moderators

Reddit announced the launch of a moderator assistance program.

Science & Technology

AI Startup Hugging Face Raises $235 Million

The Hugging Face startup, which operates in the area of artificial intelligence, announced that it managed to raise investment funds for $235 million following the results of the Series D funding round.

News

TD Bank Cooperates With Regulators on Anti-Money Laundering Issues

TD Bank announced cooperation with regulators and law enforcement agencies in the framework of the proceedings concerning the lender’s compliance with the provisions of the normative base defining the legal principles of combating money laundering.