European Inflation Cools
Inflation in the eurozone has shown a decline, which has led to an argument for increased confidence that this indicator is approaching the European Central Bank’s target of 2%.
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Xi Jinping Reportedly Prepares to Unveil China Stimulus Plan
The head of the People’s Republic of China, Xi Jinping, is gradually approaching one of the main political huddles of the current year against a favorable background based on the gradual improvement of the situation in the economic system of the Asian country.
OpenAI Launches GPT-4.5 for Some Paying Users
OpenAI, one of the largest players in the global artificial intelligence industry, has released a research preview of its latest GPT-4.5 model for its Pro users and developers worldwide.
Intel Reportedly Delays $28 Billion Ohio Chip Factories to 2030
On Friday, February 28, the media published information according to which Intel’s $28 billion chip manufacturing plants in Ohio are facing further delays.
US Goods Trade Deficit Demonstrates Growth
The United States trade deficit in goods showed a sharp increase in January, which is most likely the result of businesses increasing import volumes ahead of tariffs on corresponding shipments that potentially could form such a situation in which trade will become a drag on economic growth in the US in the first quarter of […]
Fed’s Favorite Core Inflation Measure Hits 2.6%
In January, inflation in the United States showed moderate easing amid increasing concerns about US President Donald Trump’s plans for tariffs on imported goods in the context of the impact of appropriate measures to tighten Washington’s trade policy on the situation in the country’s economic system.
Amazon Unveils Quantum Chip
Amazon Web Services (AWS) on Thursday, February 27, demonstrated a quantum computing chip with new technology, which the company expects will reduce by as much as five years its efforts to build a commercially useful quantum computer.
Nvidia Sales Demonstrate Growth
Nvidia on Wednesday, February 26, published information about its earnings for the fourth fiscal quarter, which exceeded Wall Street’s preliminary expectations.
Ascenda and Galileo Start Partnership
Ascenda and Galileo Financial Technologies announced the beginning of cooperation, which aims to help banks, fintech companies, and other brands launch card loyalty programs.
Anthropic Launches New AI Model
The startup Anthropic, which is based in San Francisco and operates in the space of the artificial intelligence industry, presented a new frontier AI model called Claude 3.7 Sonnet.
Canadian Banks Reportedly to Build Reserves to Cushion Tariff Uncertainty
Currently, analysts expect Canada’s six largest banks to build more credit loss provisions, as these financial institutions are nowadays bracing for uncertainty related to the tariff threat from the United States, which could impact earnings in the first quarter of 2025 and beyond.
Google Wins Salesforce Cloud Deal
Salesforce Inc. has signed a multibillion-dollar cloud deal with Alphabet Inc.’s Google as part of a larger effort to combine forces and gain corporate customers who currently use Microsoft Corp.’s productivity and artificial intelligence products.
Prosus Plans to Buy Just Eat Takeaway
Just Eat Takeaway.com, a European giant in the area of food delivery, is poised to be acquired by Prosus, a Dutch technology investor.
Ant Group Enters AI Robotics Sector
Chinese fintech giant Ant Group has ventured into the Asian country’s humanoid robotics sector, which is currently in the condition of active development.
China’s Tech Stocks Demonstrate Growth
Shares of Chinese technology companies listed in Hong Kong on Friday, February 21, showed their best weekly winning streak since 2020, as earnings surpassing preliminary expectations and optimism about the artificial intelligence sector gained global investors who made financial injections into the relevant area.
AWS to End Support for Amazon Chime
Amazon Web Services (AWS) last Wednesday, February 19, informed clients that it will no longer accept new customers for its Amazon Chime collaboration solution and will stop supporting this service after a year.
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