Thomas Barkin Says About US Ongoing Battle Against Inflation
Thomas Barkin, President of the Federal Reserve Bank of Richmond, said that the process of combating inflation is currently underway in the United States.
US - page 28
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
Amazon.com Inc. has reached a market capitalization of $2 trillion for the first time in its history.
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.
ByteDance & Broadcom Work on Advanced AI Chip
TikTok parent company, ByteDance, has partnered with American semiconductor and software provider Broadcom to develop a high-end AI chip, addressing the issues with U.S. export control.
OpenAI Buys Enterprise Startup
OpenAI has bought Rockset, a startup that specializes in enterprise search and analytics.
Target to Roll Out AI Chatbots in US Stores This Summer
American retail giant Target aims to facilitate internal operations in nearly 2,000 stores across the United States with a handy AI assistant called “Store Companion”.
US Sues Adobe for Hiding Fees
On Monday, June 17, the United States government sued Adobe, maker of Photoshop and Acrobat, accusing the company of harming consumers by hiding high fees for terminating subscriptions in the most popular tariff plan and making it difficult to cancel subscriptions.
Apple Edges Past Microsoft in Value
Last Thursday, June 13, Apple became the most valuable public company in the United States, displacing Microsoft from the corresponding position.
Broadcom Shares Rise
On Thursday, June 13, the value of Broadcom shares showed an increase of approximately 12% after the company published information on the economic results of its activities for the second fiscal quarter.
Fed Keeps Interest Rates at 23-Year High
The Federal Reserve on Wednesday, June 12, announced that its benchmark lending rates remain at the current level.
US Reportedly Considers Further Restrictions on China’s Access to Chip Technology
The media reported that the administration of the President of the United States Joe Biden is currently considering the possibility of introducing additional restrictive measures regarding the possibility of China’s access to chip technologies.
Morgan Stanley Says AI Helps Financial Advisers Save Time
Morgan Stanley CEO Ted Pick said that the ability of artificial intelligence to transcribe conversations and categorize them by topic could save financial advisers 10 to 15 hours a week.
U.S. Bank Launches Partnership With Greenlight
U.S. Bank has launched a collaboration with Greenlight, which is aimed at improving the level of financial education.
US Regulators Reportedly to Open Antitrust Probes Into Nvidia, Microsoft and OpenAI
In the United States, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) intend to launch an antitrust investigation against Microsoft, OpenAI and Nvidia.
Janet Yellen Warns AI Risks in Finance
The United States Treasury Department on Thursday, June 6, announced that it is seeking public comments on the assessment of the practice of using artificial intelligence technologies in the financial services industry.
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