News - page 7

Finance & Economics

Indian Startup Funding Witnesses 20% Growth

In 2024, the Indian startup ecosystem recovered strongly, with funding exceeding $12 billion across 993 deals.

Science & Technology

Shipments to China of Foreign-Branded Smartphones Decline

Shipments to China of smartphones from foreign brands in November fell by 47.4% compared with a year ago, according to data published in the current week by the research company affiliated with the government of the Asian country.

Science & Technology

China Proposes New Export Curbs on EV Technology

China is currently considering restricting exports of technologies used for extracting minerals, which are critical to the growth of the global electric vehicle industry.

Science & Technology

Baidu Founder Predicts Boom in AI Apps in 2025

Robin Li, founder of Baidu, a pioneer in the area of artificial intelligence in China, said that in 2025, the number of apps powered by AI will show exponential growth.

Science & Technology

Microsoft Plans to Invest $80 Billion on AI-Enabled Data Centers

Microsoft plans to invest about $80 billion in the development of data centers for training artificial intelligence models and deployment of AI and cloud-based apps in fiscal 2025.

Society & Lifestyle

DOT Fines JetBlue

The United States Department of Transportation has penalized JetBlue Airways for $2 million for flight delays.

Finance & Economics

Joe Biden Blocks Sale of U.S. Steel to Japan’s Nippon Steel

President of the United States Joe Biden on Friday, January 3, officially blocked Nippon Steel’s proposed purchase of U.S. Steel in the framework of the deal worth $14.9 million.

Finance & Economics

Tesla Shares Fall Amid First Drop in Annual Deliveries

Last Thursday, January 2, Tesla published a report on the production and deliveries of vehicles for the fourth quarter of 2024 and the entire last year.

Science & Technology

OfBusiness Launches Nexizo: AI-Driven Platform for Empowering Indian SMEs

OfBusiness introduced Nexizo.AI, an AI-empowered platform designed to enhance growth and efficiency for small and medium enterprises (SMEs) operating in India, particularly in the infrastructure and manufacturing sectors.

Science & Technology

Nvidia Sees Biggest Market Gains in 2024 Fueled by AI Demand

A surge in Nvidia’s market cap value is largely attributed to the high demand for the company’s AI-focused chips, which are integral to various innovative applications.

Blockchain & Crypto

KuCoin Launches Crypto Payment Solution

KuCoin exchange has introduced a KuCoin Pay merchant solution aimed at integrating crypto payments into the retail sector.

Blockchain & Crypto

Frax Partners Launches New Stablecoin

Decentralized stablecoin cryptocurrency protocol Frax Finance has launched a new stablecoin, which it claims provides unprecedented indicators in terms of parameters such as transparency and custody.

Fintech & Ecommerce

Infinant Raises $15 Million

Infinant raised $15 million in a Series A financing round.

Finance & Economics

Singapore’s Economic Growth Surpasses Estimates

Singapore has reported economic growth in the last three months of 2024, the pace of which exceeded preliminary expectations regarding the intensity of the dynamic of this indicator.

Science & Technology

Apple Agrees to Pay $95 Million to Settle Siri Privacy Lawsuit

Apple has agreed to pay $95 million in cash to settle a proposed class action lawsuit alleging that the technology giant’s voice-activated Siri assistant violated user privacy.

Science & Technology

Silicon Valley Stifles AI Doom Movement

Over the past few years, some experts in the technology area, with varying degrees of anxiety contained in their statements and assumptions, have been warning that advanced artificial intelligence systems could become a threat to humanity, but these are just hypothetical scenarios, the potential implementation of which does not exactly belong to the category of […]