News - page 29

Science & Technology

Amazon Offers Free Computing Power to AI Researchers

Amazon’s unit, which specializes in cloud computing, announced on Tuesday, November 12, that it will offer free computing power to researchers who want to use its custom artificial intelligence chips.

Finance & Economics

SoftBank Reports Quarterly Earnings

The Japanese SoftBank Group on Tuesday, November 12, published information about its earnings for the second quarter of the fiscal year, which will end on March 31, 2025.

Fintech & Ecommerce

Alibaba Launches AI Search Tool for Small Businesses

Alibaba, the Chinese e-commerce giant, which is also a major player in the technology sector, on Tuesday, November 12, presented an artificial intelligence-based search engine designed for small businesses in Europe and the Americas to source supplies.

Science & Technology

Meta Tests Experiential Retail to Sell Smart Glasses

Meta is currently promoting its Ray-Ban Meta smart glasses at a Meta Lab pop-up store in Los Angeles, where visitors have the opportunity to personally test this product.

Finance & Economics

Intesa Partners With BlackRock in Private Banking

Intesa Sanpaolo, the largest Italian bank, announced that it will cooperate with BlackRock, the world’s biggest asset manager and the leading shareholder of this financial institution.

Finance & Economics

SoftBank Reportedly to Book $1.87 Billion Profit on IPOs

Japanese technology investor SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, November 12.

Science & Technology

Washington Reportedly Orders TSMC to Halt Shipments to China of Some Chips

The media, citing an insider, reported that the United States ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers.

Finance & Economics

China’s Consumer Prices Growth Demonstrates Slowdown

In October, China recorded an increase in consumer prices, which demonstrated the pace of upward dynamic, which is the slowest in the last four months.

Fintech & Ecommerce

General Catalyst Makes First Investment Into Saudi Arabia

General Catalyst, a Silicon Valley venture capital company, has made its first investment in Saudi Arabia.

Science & Technology

Wealth Management Firms in US to Double AI Budgets

Projections indicate that AI will account for 37% of US wealth management firms’ IT spending in the next 3-5 years, up from 16%.

Blockchain & Crypto

Jack Dorsey’s Block to Focus More on Bitcoin Mining

Block (former Square), led by Jack Dorsey, is ramping up investments to expand its reach in small business services and bitcoin mining tools.

Fintech & Ecommerce

90% Payment Cards to Be Sustainable by 2029

It is expected that in mere five years, most of the payment cards issued by global payment providers will be made of sustainable materials such as recycled or bio-sourced PVC, recycled metal, and sustainably sourced wood.

Science & Technology

LightOn to Become Europe’s First Listed GenAI Startup

The French startup LightOn, which operates in the area of generative artificial intelligence, has launched an initial public offering (IPO) of shares on the Euronext Growth market in Paris.

Science & Technology

Chipmaker Kioxia Files for IPO

Bain Capital-backed Kioxia filed for an initial public offering (IPO) of shares last Friday, November 8th.

Finance & Economics

PNC Bank Increases Investment in New Branch Locations

PNC Bank has increased the number of new branch locations and renovations that this financial institution intends to complete over the next five years.

Fintech & Ecommerce

GenWise Teams Up With Axis Bank to Bring UPI Payments to Senior Citizens in India

GenWise aims to empower India’s elderly population with the speed and convenience of UPI digital payments in its app-based online club for senior citizens.