Ripple Court Ruling Explained: Consequences & Market Impact
One small step for Ripple, one giant leap for the crypto industry – here is how Ripple’s partial win in SEC lawsuit will impact the company and its competitors
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Twitter Loses Nearly Half Advertising Revenue
The level of Twitter’s revenue from placing advertising materials on this virtual platform has almost halved after Elon Musk became the owner of the social network in October last year.
Startup Character.AI Plans New Funding Round
The media, citing their sources, report that the startup Character.AI, which carries out activities in the area of artificial intelligence, which its name partially hints at, plans to hold a new round of raising investment funds.
Bank of America Uses AI to Train New Hires
Bank of America uses artificial intelligence, Metaverse, and virtual reality to train 2,000 of its new employees as part of an immersive program.
Silo Technologies Raises $132 Million
Silo Technologies reported that it managed to raise investment funds for $132 million.
Meta Reportedly to Launch Commercial Version of Its AI Tool
The media reported that Meta is currently working on creating a commercial version of its artificial intelligence tool.
Elon Musk Launches AI Company
Elon Musk announced the creation of the company xAI, which will carry out activities in the area of artificial intelligence.
Amazon Prime Day Boosts Online Sales in US
During the first 24 hours of Amazon Prime Day, American Internet users spent $6.4 billion on making purchases on virtual commercial platforms.
JPMorgan Boosts Business
The March collapse of the Silicon Valley Bank was a kind of signal for JPMorgan to take action aimed at filling the vacuum in the part of the financial system where the interaction of creditors with startups was developing.
Everything You Need to Know About a K-1 Form
If you have a business partnership or corporation, you’ll likely need to file a K-1 Form for tax purposes. But you might not be familiar with how it works and how to file it.
Anthropic Debuts ChatGPT Competitor Claude 2
Last Tuesday, July 11, the company Anthropic, which specializes in developments in the field of artificial intelligence, presented a generative AI model called Claude 2.
CFPB Fines Bank of America $250 Million Over Junk Fees
In the United States, the Consumer Financial Protection Bureau (CFPB) has imposed an obligation on Bank of America to pay more than $250 million in fines and damages to customers.
Citi Debuts Digital Platform for Commercial Banking Customers
Citi announced the launch of a digital platform that is designed for clients of a financial institution from commercial banks.
Balance Introduces Surcharge Fee Option for Credit Card Transactions
In the USA, Balance, a company that offers integrated payment solutions to consumers of financial services, announced the launch of a program for charging additional fees.
SVB Financial Sues to Recover $1.9 Billion From FDIC
The parent company of Silicon Valley Bank claims that the American banking supervisory authority owes it $1.9 billion.
Revolut US Payments Flaw Leads to $20 Million Theft
The media reported that due to shortcomings in the functioning of the Revolut payment system in the United States, criminals were able to steal money in the amount of two tens of millions of dollars.
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