Startup Hugging Face Seeks to Cut AI Costs
The Hugging Face startup on Wednesday, October 23, announced that it is releasing a new open-source software offering with Amazon.com, Alphabet’s Google, and others.
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Perplexity AI Reportedly Aims to Raise $500 Million
Media reports that artificial intelligence search company Perplexity AI plans to raise investment funds for about $500 million as part of a new round of financing.
Santander Scales Geography of Platform Openbank
The Openbank digital banking platform, which is part of the Santander virtual ecosystem, has officially become available to consumers living in the United States.
Bank of America Allows Companies to Lock in FX Rates
Bank of America began to allow companies to lock in foreign exchange (FX) rates for up to one year.
IBM Releases New AI Models for Businesses
IBM on Monday, October 21, presented the latest version of its artificial intelligence models aimed at businesses.
Klarna Now Available at Checkout on Apple Pay
Users checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later can now leverage all the benefits of Klarna flexible payment options.
Why Is Cash Still King in Most Parts of the World?
While some countries are consistently moving towards cashless economies, cash remains prevalent over other payment methods in several regions globally. What are the reasons for such persistence and what can be done to finally move cash from its pedestal?
Meta Releases Self-Taught Evaluator
Meta on Friday, October 18, announced that it has released a batch of new artificial intelligence models from its research unit.
Netflix Earnings Exceed Expectations
On Friday, October 18, the value of Netflix shares rose by 11% after the streaming giant on Thursday, October 17, released information about its earnings for the third quarter of the current year, which exceeded the preliminary expectations of experts regarding the dynamic of the corresponding indicator.
US Retail Sales Demonstrate Growth
In September, the United States recorded an increase in consumer spending, which is evidence of the sustainability of the country’s economic system, which is currently getting a boost from the Federal Reserve System.
US Weekly Jobless Claims Demonstrate Decrease
In the United States, the number of residents who filed new applications for unemployment benefits unexpectedly decreased last week, but at the same time, this indicator may remain elevated in the short term due to the effects of hurricanes Helen and Milton, which had a negative impact on the US labor market picture.
Robinhood Launches Desktop Platform
Robinhood launched the long-awaited desktop platform on Wednesday, October 16.
Amazon Announces Its First Color Kindle E-Reader
Amazon on Wednesday, October 16, announced a new version of the Kindle e-book reader.
Morgan Stanley Earnings Exceed Estimates
Morgan Stanley on Wednesday, October 16, published information about its earnings for the third quarter of the current year.
Citigroup Reports Earnings
Citigroup on Tuesday, October 15, released information about its earnings for the third quarter of the current year, which exceeded the preliminary expectations of Wall Street analysts.
Walgreens Closes 1,200 stores
Walgreens is closing about 1,200 locations, which is a decision made against the background of circumstances such as the competition of this pharmacy chain with similar virtual platforms and a decrease in payment for prescription drugs.
