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US Online Holiday Sales to Hit $222B, Driven by Mobile Shopping
News

US Online Holiday Sales to Hit $222B, Driven by Mobile Shopping

According to Adobe Analytics, online holiday sales in the USA are expected to hit $221.8 billion this holiday shopping season (Nov. 1 to Dec. 31), representing 4.8% growth year-over-year (YoY).

NYC Releases Plan to Regulate AI
News

NYC Releases Plan to Regulate AI

New York Mayor Eric Adams on Monday, October 16, presented a plan for the introduction and regulation of artificial intelligence.

OpenAI Reportedly Readies Share Sale Valuing Company at $90 Billion
Science & Technology

OpenAI Reportedly Readies Share Sale Valuing Company at $90 Billion

The media reports that OpenAI is currently preparing to sell shares with an estimated value of the company at $90 billion.

Ferrari to Sell Cars for Crypto in US
Blockchain & Crypto

Ferrari to Sell Cars for Crypto in US

US citizens will soon be able to buy luxury Ferrari vehicles with crypto. Europe is next in line.

Wells Fargo Predicts Continued US Economic Slowdown
Finance & Economics

Wells Fargo Predicts Continued US Economic Slowdown

Wells Fargo, following the results of the third quarter of this year, recorded an increase in net charge-offs, a decrease in the demand for loans, and a decline in the average volume of deposits.

Carefull Raises $16.5 Million
Fintech & Ecommerce

Carefull Raises $16.5 Million

Carefull announced that it managed to raise investment funds for $16.5 million following the results of the Series A financing round.

Citi Chairman Warns Against Plan for New Capital Requirements
Finance & Economics

Citi Chairman Warns Against Plan for New Capital Requirements

Citigroup Chairman John C. Dugan joined American banking executives who negatively assessed the plan of the United States authorities to introduce new capital requirements.

HP Predicts Profit
Science & Technology

HP Predicts Profit

HP forecasts earnings for the fiscal year, which begins in November.

Microsoft Announces New AI Tools
News

Microsoft Announces New AI Tools

Microsoft Corporation on Tuesday, October 10, announced new products for data processing and artificial intelligence, with the help of which healthcare organizations will be able to access huge amounts of information collected by doctors and hospitals without any difficulties.

Utah Sues TikTok
Science & Technology

Utah Sues TikTok

Utah is another American state to file a lawsuit against the TikTok virtual platform.

Amazon Launches Fall Sale for Prime Subscribers
Fintech & Ecommerce

Amazon Launches Fall Sale for Prime Subscribers

Amazon on Tuesday, October 10, launched a fall sale for Prime subscribers.

Fed Bank Watchdog Supports New Capital Requirements
News

Fed Bank Watchdog Supports New Capital Requirements

The Deputy chairman of the Federal Reserve for Supervision, Michael Barr, during a speech at the American Bankers Association (ABA) event on Monday, October 9, said that lenders should consider the new capital requirements as a help, not an obstacle.

Walmart Experiments With AI and AR
Fintech & Ecommerce

Walmart Experiments With AI and AR

Walmart uses new technologies to improve the shopping experience.

CFPB Director Calls for Provide Higher Level of  Data Protection
Fintech & Ecommerce

CFPB Director Calls for Provide Higher Level of Data Protection

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), expressed concern about the potential risks associated with the fact that payment systems apply, in his opinion, excessive financial censorship, and exceed reasonable surveillance limits.

OpenAI Reportedly to Explore Development of Artificial Intelligence Chips
Science & Technology

OpenAI Reportedly to Explore Development of Artificial Intelligence Chips

The media reported that the startup OpenAI is currently exploring the possibility of developing its own chips for machine intelligence.

Samsung to Add Mobile Driver’s Licenses and IDs on Wallet
Science & Technology

Samsung to Add Mobile Driver’s Licenses and IDs on Wallet

Samsung has established a partnership with global identity technology provider IDEMIA.