OpenAI to Launch More Advanced Reasoning Model
OpenAI is currently preparing to launch a new model of artificial intelligence, which, according to this startup, is capable of more advanced reasoning, similar to the human paradigm of thinking.
News - page 49
Southeast Asia Seeks to AI Boom
Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.
Wells Fargo Leaves Climate-Banking Group
Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.
Justt Raises $30 Million
Chargeback management company Justt raised a $30 million investment to bolster its platform powered by artificial intelligence.
Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
Visa Acquires Featurespace to Boost Transaction Monitoring With AI
Visa has officially completed its acquisition of Featurespace, a company specialising in real-time artificial intelligence (AI) technology for payment protection, announced in September.
Bank of England Holds Rates
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
Accenture Beats Quarterly Revenue
Accenture on Thursday, December 19, released a report on its earnings for the first quarter of fiscal 2025, which exceeded Wall Street’s preliminary expectations regarding this company’s revenue and profit for the mentioned period.
China’s GenAI Sector Sees More Funding
The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.
Hong Kong Picks Several Banks and Tech Firms to Test GenAI in Financial Sector
The Hong Kong Monetary Authority (HKMA) has picked ten banks and four technology partners to participate in a project to test several use cases for generative artificial intelligence in the financial services sector.
US Finalizes $458 Million Award to SK Hynix
The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.
Losses From Crypto Hacks Jump to $2.2 Billion in 2024
In the current year, the total amount of funds stolen as a result of hacker attacks on cryptocurrency platforms reached $2.2 billion.
Micron Shares Fall
The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.
Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer
In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.
Rogbid Introduces First Smart Ring With Interactive Display
Smartwatch brand Rogbid presented the innovative smart ring model with an OLED touch display, which is the first product of this kind on the market.
India’s GDP Growth Slumps to 5,4%
Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.
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