Microsoft to Add OpenAI’s Models to Copilot
Microsoft has announced that new features will be added to its artificial intelligence service Copilot next year.
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Bank of America CEO Says About Normalization of US Economy
Brian Moynihan, CEO of Bank of America, said that the American economic system, in his opinion, is moving towards the realization of optimistic prospects in the foreseeable future, noting that it is likely to be expected to have a so-called soft landing rather than a recession.
Robinhood Reports 75% Rise in Trading Volume
Digital asset trading volume on a crypto-friendly trading platform Robinhood grew 75% month-on-month in November.
Wells Fargo CEO Says About Potential Consequences of Fed Asset Cap
Chief Executive Officer of Wells Fargo & Co. Charlie Scharf said that the limitation of the assets of the Federal Reserve System is currently not a factor of significant influence on the process of activity of the financial institution he heads, but suggests that the situation will change in the future.
Nvidia to Help Build Out AI Ecosystem in Japan
Nvidia intends to participate in the process of creating an artificial intelligence ecosystem in Japan.
Foxconn Reports Rise in November Revenue
Foxconn, the main smartphone manufacturer of the iPhone line, which is part of the Apple product range, reported an improvement in dynamic sales in November.
Moody’s Changes China Credit Outlook to Negative
Moody’s Investors Service has changed the forecast for Chinese sovereign bonds, lowering the corresponding indicator to negative.
Goldman Sachs Favors Options to Counter Intensive Rate-Cut Pricing
Goldman Sachs thinks that there is currently an overly optimistic mood in the financial markets regarding the possible range of interest rate cuts by the Federal Reserve next year.
Jeremy Hunt Blames Brexit for Instability
British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.
Mario Centeno Says About Significance of European Job Market for EU Economy
Mario Centeno, a member of the Governing Council of the European Central Bank (ECB), told colleagues that it was highly likely that the consequences of excessive tightening for the European labor market could be rapid during the recovery of the economic system of the region.
Chinese Borrowers Reportedly Face Ban on Mobile Payments
Media reports that in China, millions of local consumers are faced with the problem of blocking access to mobile payment apps.
Meta’s Chief Scientist Doubts Imminent Appearance of Artificial Super Intelligence
Yann LeCun, chief researcher at Meta and a pioneer of deep learning, believes that current artificial intelligence systems will have to go through a development path lasting several decades before these AI configurations will get some semblance of sentience, having a core in the form of the common sense, expanding their capabilities beyond the creative […]
Former CEO Sues Wells Fargo
The former CEO of Wells Fargo, Tim Sloan, filed a lawsuit against this financial institution demanding compensation, the amount of which is more than $34 million.
Credit Agricole Reportedly Considers Acquiring Stake in Worldline
The media reports that the French bank Credit Agricole is currently considering the possibility of acquiring a stake in a local payment processing company Worldline.
McKinsey Says About Absence of Signs of Recovery in Consumer Activity in China
Experts from the international consulting company McKinsey said that in the foreseeable future, Chinese consumers do not intend to spend large amounts of money on buying goods, which is why local companies should focus more on strategic planning within their business concepts to master the market, which remains huge, despite various problems.
Apple Releases Security Updates
Apple has announced the release of security updates for its devices, among which are the iPhone, iPad, and Mac.
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