Baidu to Benefit by Launch Ernie Bot
Leading Chinese Internet search provider Baidu may benefit significantly from the earlier-than-expected launch of an AI-based chatbot Ernie, which is similar to OpenAI’s ChatGPT.
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Interac Mobile Payments Surge Over 50% in Canadian Stores
One of Canada’s major payment providers, Interac, has seen a significant surge in transaction volumes for contactless in-store mobile payments
Goldman Sachs Says About Strong Fundamentals of Early Winners in AI
Goldman Sachs Group strategists said that the first winners in the area of artificial intelligence have strong fundamental positions and are characterized by less extreme valuations compared to stocks in previous periods of abundance.
Elon Musk Blames Anti-Defamation League for X’s US Ad Revenue Slump
The owner of the social network X, formerly known as Twitter, Elon Musk has announced that he may sue the Anti-Defamation League (ADL) for defamation.
Barclays Reportedly Considers Selling of Stake in Its Merchant-Acquiring Business
Barclays Plc is currently exploring the prospects of implementing a potentially possible decision to sell a stake in its merchant-acquiring business in the United Kingdom.
Big Tech Braces for European Union’s Clampdown on Anti-Competitive Practices
Big technology companies are preparing for the largest and most significant tightening clampdown on anti-competitive practices in the history of the European Union.
China Reportedly Seeks Money to Drive Chipmaking
The media, citing persons who provided information on condition of anonymity, reported that China is currently seeking to raise funds in the amount of more than $40 billion to create a kind of investment base for the development of the local industry sector specializing in the production of chips and research in the relevant sphere.
International Grocery Chain Aldi Invests in Bigger Stores
The business of the international grocery store chain Aldi is in a state of growth in several directions.
Reality Tempers Outlook for Arm’s Public Listing
Reality, whose unconditional influence on plans and intentions has a transformational effect in many cases, has changed the prospects for the public listing of Arm, a chip manufacturer that is part of the ownership structure of the Japanese corporation SoftBank Group.
Robinhood Reaches Agreement with U.S. Marshal Service to Repurchase Shares from Emergent Fidelity Technologies
Virtual brokerage company Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to buy back shares of Sam Bankman-Fried’s Emergent Fidelity Technologies.
Apollo Global Management Reportedly Doubts in Investment in Brand Aggregator Perch
The media reported that the private company Apollo Global Management is currently reviewing its investment in the brand aggregator Amazon Perch.
IBM and Salesforce Cooperate to Help Clients Adopt AI
IBM and Salesforce announced the beginning of a partnership in which these companies will assist businesses in the process of implementing artificial intelligence in the segments of activities related to customer interaction.
Japanese Startup Rapidus to Challenge Taiwan Semiconductor Manufacturing
Japanese startup Rapidus, which receives support from the government of this country, announced the hiring of more than 200 people as part of efforts to create an ultra-modern chip manufacturing plant by 2027.
Intel CEO Says About Good Prospects of Company
Intel Corporation Chief Executive Officer Pat Gelsinger said that the company is currently on track to achieve indicators that are in line with forecasts for the third quarter.
Klarna Reports Earnings Results for First Half of 2023
Klarna has released the financial results of its operations for the first six months of 2023, which testified to the positive dynamics of the second quarter, which exceeded initial expectations.
UAE Launches Bilingual AI Model
Inception, a subsidiary of Abu Dhabi-based G42 firm specializing in machine intelligence, the California-based Cerebras research company, and the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) have developed a large language model called Jais.
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