NVIDIA Chief Executive Officer Jensen Huang said that investors’ concerns about a possible shortage of chips due to exceeding by the level of demand for these products the pace of production are not justified, and noted that there is no reason for any anxiety about this.
NVIDIA has reported an increase in its sales to a record level amid a rapid growth in demand for artificial intelligence chips.
Fintech startup Yeeld announced the beginning of cooperation with the financial company Airwallex in order to accelerate global payment operations and other transactions for customers.
VMware and NVIDIA announced the expansion of the scope of strategic cooperation in order to provide businesses with assistance in implementing generative artificial intelligence in the process of their activities.
Cross River Bank has reached an agreement with the Current fintech platform on cooperation within the framework of the project to launch a new loan product.
The media reported that the fintech company Clara in Mexico began to provide local consumers services for making cross-border payment transactions.
Arm Holdings, which is part of the ownership structure of SoftBank Group, has taken the first step toward initial public offerings of shares.
S&P Global Ratings has revised down the ratings of five regional banks in the United States.
The volume of the travel industry by 2033 may reach a significant landmark of $15.5 trillion.
The media reports that currently, the chief executive officer of Citigroup Jane Fraser is considering the possibility of creating a plan to break up the largest unit of this corporation as part of a restructuring strategy.
Infor Nexus Supply Chain Network and DBS Bank reported on collaboration to create a pre-shipment financing solution for small and medium-sized businesses in India.
Dock, a B2B technology company for payments and banking, announced the start of cooperation with Tenpo, Chile’s largest digital lender, with a customer base of more than 2.2 million people.
Evergrande Group, at one time the second-largest real estate developer in China, filed for bankruptcy in New York.
Applied Materials, an American company that manufactures equipment necessary for the production of chips, has released a forecast for the current quarter, which contains optimistic expectations and statements about the likely weakening of the downturn in the industry.
The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).
Comerica Bank, headquartered in Dallas, Texas, announced the launch of a new set of solutions for small business and business banking clients.
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