Total Funding Into Environment Tech Falls 5% in 2022, Keeps Declining
Having recorded its highest-ever funding of $31.6 billion in 2021, the environment tech sector saw investments fall by 5% year-on-year to $29.9 billion in 2022
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Goldman Analysts Say AI Stock Winners Outperform in Credit Too
Strategists at Goldman Sachs Group said that companies that specialize in the development and extension of technologies based on artificial intelligence, in terms of the value of shares and the dynamics of their growth, outperformed competitors working in the field of lending, although in this case there is no catastrophic gap between the indicators of […]
Experts Say ChatGPT to Fuel $1.3 Trillion AI Market by 2032
The release of generative artificial intelligence systems that are focused on solving problems, and satisfying various groups of consumer needs, for example, ChatGPT from OpenAI and Bard from Google will ensure a high level of development of the generative AI market over the next decade and will bring its financial volume to $1.3 trillion by […]
Tether Recovers All Value After 2022 Crash
Stablecoin Tether Holdings Ltd. restored the entire market value of about $20 billion.
Chipotle Founder Reportedly Creates Robotic Restaurant
While many restaurants are implementing automation systems and revising the approach to understanding the acceptable number of staff without compromising the level of product quality and customer service, Chipotle founder and former CEO Steve Ells, according to media reports, decided to maximize aspirations in the process of robotization of catering establishments.
TikTok Tests AI-Powered Chatbot
TikTok is currently testing a chatbot based on artificial intelligence, through which users will be able to search and discover the content they need.
Germany Falls Into Recession
Germany has slipped into recession amid a decline in consumer spending after last year’s shock in energy prices.
Turkish AI-backed Startup Worth Almost $2 Billion in Funding
The Turkish marketing platform Insider, supported by artificial intelligence, announced the attraction of investment funds in the amount of $105 million following the results of the financing round.
Disney Begins Third Round of Layoffs
Disney will soon begin the third stage of the campaign to reduce the workforce.
BT to Cut 55,000 Jobs
Telecommunications giant BT has announced its intention to cut 55,000 jobs by the end of this decade.
Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
Earnings reports indicate that the profitability of the largest players in the online car sales market is declining amid the actions of retailers to reduce inventory.
PacWest Bancorp Reportedly Considers Sale
The media reports that PacWest Bancorp, which is in a difficult situation, is considering selling, breaking up, or increasing its capital.
Janet Yellen Warns of US Cash Shortage Risk by June
US Treasury Secretary Janet Yellen said there is a risk that the US will run out of cash by June 1 if Congress does not decide to raise or suspend the debt ceiling.
Mobile Money Grows Faster Than Expected: Report
The number of registered mobile money accounts globally rose by 13% in 2022, while total mobile money transaction values grew to $1.26 trillion
Citizens Financial CEO Says Regional Banks Can Compete
Bruce Van Son, CEO of Citizens Financial Group, speaking on the Bloomberg Baystate Business Hour podcast, said that regional banks have the potential to fully compete with larger representatives of industry.
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