Explained - page 7

Science & Technology

Chainalysis Acquires Alterya

Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and fintech companies to identify fraudsters and protect end users of firms from authorized swindle.

News

AWS and General Catalyst to Speed Up Development of Health-Care AI Tools

Amazon Web Service (AWS) and venture capital company General Catalyst on Monday, January 13, announced a new multi-year partnership as part of their quest to form their own share in the growing market for artificial intelligence technologies intended for use in the healthcare area.

News

Apollo to Buy Argo Infrastructure

Apollo Global Management Inc. has agreed to buy Argo Infrastructure Partners in a cash and stock deal that will add about $6 billion to the company’s assets.

Finance & Economics

China’s Trade Surplus Reaches Record

China, on Monday, January 13, announced that its trade surplus in 2024 reached almost $1 trillion.

News

HPE Reportedly Wins $1 Billion AI Server Deal

Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide servers optimized for artificial intelligence, to social media platform X, owned by Elon Musk.

Science & Technology

TSMC Posts Revenue

Taiwan Semiconductor Manufacturing Co. (TSMC) has released information on its revenue for the quarter ended in December.

News

China’s Aviation Sector Reports Profit

In China, the local civil aviation sector has reported making a profit.

News

US Job Growth Beats Expectations

In the United States, an unexpected acceleration in job growth was recorded in December.

Science & Technology

SoftBank and Arm Reportedly Weigh Acquiring Ampere Computing

Japanese technology investor SoftBank Group and its majority-owned Arm Holdings are currently considering the possibility of concluding the deal with semiconductor company Ampere Computing backed by Oracle.

News

Country Garden Proposes Deal to Reduce Offshore Debt by $11.6 Billion

The Chinese property development company Country Garden has proposed to its offshore creditors the deal, which will reduce the debt of this firm by $11.6 billion.

News

China Orders Miners to Report More of Their Overseas Reserves

Beijing has ordered Chinese investors in foreign mining projects to report on their proven and prospective reserves of crucial minerals.

Finance & Economics

US Weekly Jobless Claims Fall

The number of Americans filing new applications for unemployment benefits dropped to an 11-month low last week.

Science & Technology

Intel Says New Laptop Chips to Extend Computer Battery Life

Intel Corp., which is currently symbolically and practically fighting for its place in the sun in the global technology sector and in the notebook processor market particularly, where its position in terms of competitiveness has faced the prospect of a significant weakening in recent years amid increased competition, said that the new range of chips […]

Science & Technology

Qualcomm’s New Chips to Bring AI to $600 Personal Computers

Qualcomm Technologies Inc. announced the Snapdragon X Platform, the fourth platform in its portfolio of Snapdragon X computing systems designed to deliver performance, multi-day battery life, and Copilot+PC experiences for even more users worldwide.

Science & Technology

Donald Trump Announces $20 Billion Plan to Build New Data Centers

President-elect Donald Trump, who will return to the White House this month, announced that Hussain Sajwani, the Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in building data centers across the United States.

News

US Trade Deficit Increases

In November, an increase in the trade deficit was recorded in the United States.