Explained - page 37

Finance & Economics

US Inflation Slows

In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.

News

Chinese Companies Make Headway in Manufacturing High Bandwidth Memory

The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.

Science & Technology

Apple Reportedly Plans to Sell Vision Pro Outside US

Media reports that Apple has begun preparations to launch sales of the Vision Pro mixed-reality headset outside the United States.

Society & Lifestyle

Porch Group Reportedly Sues China Construction Bank

Media reports that the Porch Group, a United States-based homeowner’s insurance company and provider of home inspection software, has sued China Construction Bank, accusing this financial institution of reinsurance fraud.

News

Uber Reports First-Quarter Results

Uber has released data on its financial results for the first quarter of the current year.

Finance & Economics

UK Economy Escapes Recession

The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.

News

OpenAI Reportedly Plans to Announce Google Search Competitor

The media, citing two insiders, reported that OpenAI is currently completing preparations for the debut of its new product, which is an artificial intelligence-based Internet search system.

Science & Technology

Anthropic Defends Partnerships With Amazon and Google

Startup Anthropic, which operates in the artificial intelligence industry, said that its decision to cooperate with Google and Amazon guarantees greater independence compared to the state of affairs in the relevant aspect, which would be observed in the case of interaction with only one large technology company.

News

Big Tech Companies Consume Lot of Data to Win in AI

Currently, large technology companies are demonstrating what can be described as super-intensive data consumption, as part of their desire to become winners in the so-called race for artificial intelligence, which has become one of the main processes in the space of digital reality, which is increasingly integrated with life realized offline, and largely determines the […]

Finance & Economics

German Industrial Production Demonstrates Decline

In Germany, a decrease in industrial output was recorded in March.

News

China’s Services Activity Growth Eases

In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.

Fintech & Ecommerce

Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO

Fintech company Rasan, which is based in Saudi Arabia, intends to sell 30% of its stake during the initial public offering (IPO) of shares in Riyadh.

News

Foxconn Posts Record April Sales

The Taiwanese company Foxconn, which is the world’s largest electronics manufacturer and assembler of Apple’s iPhone smartphones, on Sunday, May 5, released information about its record sales results for April of the current year and confirmed expectations for revenue growth for the second quarter of 2024.

News

BlueSnap Reaches $10 Million Settlement With FTC

BlueSnap and its former CEO settled with the Federal Trade Commission (FTC) for knowingly processing payment transactions for deceptive and fraudulent companies.

News

Zopa Bank Reports £4 Billion in Customer Deposits

Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.

Finance & Economics

April US Job Growth Totals 175,000

The United States economy added fewer jobs in April than initially expected.