OpenAI Reportedly Surpasses $2 Billion in Annualized Revenue
The media reports that OpenAI’s annual revenue exceeded the $2 billion mark in December.
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Barclays to Acquire Tesco Bank
Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, operating infrastructure, deposits, and unsecured personal loans.
Taiwan Expects AI Investments of $7.3 Billion in 2024
Taiwan, which has become a global technology giant in recent years, expects that the volume of investments in the local artificial intelligence industry in the current year will amount to $7.3 billion, as the manufacturing industry of this country develops in the context of a global trend, demonstrating an increase in exports as part of […]
Chinese Banks Loans Hit All-Time Monthly High
During January, local financial institutions in China issued a record number of loans to citizens.
Japan Earmarks $300 Million to Fire Up Chip Research
Japan intends to allocate up to 45 billion yen ($300 million) in funding to support a research group that develops advanced chip manufacturing technologies.
Pinterest Reports Earnings
The share price of Pinterest last Thursday, February 8, showed a drop against the background of the publication by this company of a revenue report for the fourth quarter of 2023, which turned out to be disappointing relative to the preliminary expectations of experts on the relevant occasion, and of a forecast containing weak estimates […]
MSA Capital to Raise $1 Billion for Mideast Startups
The Chinese venture capital company MSA Capital, supported by the unit of the Saudi Arabian Public Investment Fund, intends to raise $1 billion in financing to support technology startups in the Middle East.
Google Rebrands Bard Chatbot
Google has rebranded its chatbot based on artificial intelligence and announced the launch of a new user subscription offer, through which consumers will have access to the most powerful AI model developed by this technology giant.
CVS Health Enhances Omnichannel Services
Last Wednesday, February 7, CVS Health released earnings data for the fourth quarter of 2023 and the entire last year, paying special attention to initiatives aimed at improving primary health care and expanding omnichannel medical services.
Nuvei Launches Omnichannel Payments Tool
Canadian fintech company Nuvei has announced the launch of an advanced omnichannel payment transaction solution for merchants and commercial platforms.
Taco Bell Sees Record Digital Sales
Taco Bell’s parent company Yum Brands continues to direct investment funds into digital technologies.
DoorDash to Collaborate With Ahold Delhaize
DoorDash has signed a cooperation agreement with the Ahold Delhaize grocery group.
Western Union’s Branded Digital Transactions Rise
The results of Western Union’s operations in the fourth quarter of 2023 indicate an increase in the popularity of using digital channels in the sphere of financial services.
Harm from Ransomware Hackers Demonstrates Growth
Last year, ransomware stole more than $1 billion in virtual space.
Snap Reports Earnings
On Wednesday, February 7, Snap’s share price showed a 30% drop in morning trading.
Moody’s Downgrades New York Community Bancorp
New York Community Bancorp, which is a financial institution that is part of the structure of the American regional banking sector last Tuesday, February 6, faced a serious problem in the form of a credit rating downgrade to junk status, the decision on which was made by experts at Moody’s Investors Service.
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