Explained - page 26

News

OpenAI Reportedly Sees Roughly $5 Billion Loss This Year

The media reports that OpenAI, one of the largest players in the global technology sector, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, expects losses of about $5 billion in the current year.

News

Tokyo Electron Plans to Operate in India

Tokyo Electron Ltd. aims to form a team of engineers specializing in chips in India.

Science & Technology

Micron Shares Demonstrate Significant Increase

On Thursday, September 26, the value of shares of Micron Technology, a manufacturer of memory semiconductors, headquartered in Boise, Idaho, showed an increase of more than 13%.

Finance & Economics

Swiss National Bank Cuts Rates in Third Trim This Year

The Swiss National Bank on Thursday, September 26, adopted the third decision since the beginning of the current year to ease monetary policy.

News

Bain Predicts AI Market to Surge to Near $1 Trillion by 2027

Bain & Co. predicts that the global market for artificial intelligence-related products, which is currently on an active growth trajectory, will reach as much as $990 billion in financial volume by 2027, as the rapid adoption of this technology, according to the company’s experts, disrupts firms and economies.

Science & Technology

Startup Wiz Reportedly Explores Shares Sale

The media, citing knowledgeable insiders, report that the startup Wiz Inc., which operates in the cybersecurity area, is currently in discussions regarding the sale of existing shares at a valuation of up to $20 billion.

Finance & Economics

Gold Hits New Records

In the current year, the rapid rise in gold price continues, which as a process shows signs of stability and significant prospects for strengthening the upward trajectory, without signaling the likelihood of weakening in the short term.

Science & Technology

Blackstone and Vista Equity Partners to Acquire Smartsheet

Collaboration software maker Smartsheet announced on Tuesday, September 24 that Blackstone and Vista Equity Partners would acquire it.

News

DailyPay Plans to Expand Earned Wage Access Services to UK

DailyPay will expand its earned wage access (EWA) services to the United Kingdom in the current fall.

News

China’s Semiconductor Industry Demonstrates Moderate Movement Forward

In China, the local semiconductor industry is gradually promoting homegrown lithography tools following the specifications published by the central government of the Asian country, but analysts through the prism of skeptical perception assess the quality level of this movement forward, noting in an appropriate context that Beijing has yet to make a kind of breakthrough […]

News

PNC and Plaid Collaborate on Secure Sharing of Banking Data

PNC Financial Services Group and Plaid have formed partnerships in which the bank’s customers are allowed to securely share their data with third-party financial apps and services.

News

Capmont Reportedly Launches $111 Million Fund

The media reports that the venture capital company Capmont Technology, which is based in Munich, has launched a fund worth $111 million.

News

VC Company Patron Raises $100 Million

Early-stage venture capital company Patron announced that its second fund raised $100 million.

News

US Retail Sales Demonstrate Growth

In the United States, an increase in retail sales was recorded in August, which was evidence that one of the main driving forces of the positive dynamic economic system of this country remains in force, despite various difficulties, including inflation that has not been fully overcome and continuing uncertainty about the scenarios of the future.

News

Intel Shares Rise Amid Chip Deal With Amazon

Intel’s chip manufacturing business, which has recently faced significant difficulties, received an incentive for growth and development after the announcement of the beginning of interaction with a major customer, which is Amazon.

News

VC Firm Insight Partners Reportedly Prepares to Close $10 Billion-Plus Fund

The media reports that the venture capital company Insight Partners is currently preparing to close a fund worth more than $10 billion.