France’s BNP Paribas reported better-than-expected quarterly results on Wednesday, balancing a significant decline in net interest income at its French retail division with a spike in investment banking revenue driven by increased stocks trading. The largest bank in the euro… Read More ›
Chinese officials restated their broad economic policy objectives on Thursday, without providing specific implementation methods,. These objectives include modernising the industrial complex, boosting domestic demand, reducing debt, and reducing risks associated with the real estate sector. The promises were made during… Read More ›
Following Beijing’s directives for Chinese towns to purchase recently constructed flats and convert them into affordable housing, the initial actions were to provide proposals to expand the eligibility for subsidies and address other financial difficulties. In an effort to ease… Read More ›
Rivals will be able to use Apple’s tap-and-go mobile payment system, the EU antitrust authority announced on Thursday. However, Apple’s CEO, Margrethe Vestager, stated that the company has not yet altered its operations to conform to historic tech regulations. According… Read More ›
A Japanese corporation has acquired British artificial intelligence (AI) chip manufacturer Graphcore, which was formerly seen as a possible competitor to industry leader Nvidia. Softbank has not revealed the amount it paid, however it is believed to be a significant… Read More ›
An estimate from a state-backed think group on Thursday revealed that if the government intends to meet its targets for economic development as the country’s population declines, Japan would need about a million foreign workers by 2040. The Japan International… Read More ›
According to PitchBook figures released on Wednesday, U.S. venture capital financing increased to $55.6 billion in the second quarter, the largest quarterly amount in the previous two years. The most recent data indicates a 47% increase from the $37.8 billion… Read More ›
As the South Asian country struggles to satisfy the rising demand for energy, India has requested power providers to acquire equipment worth $33 billion this year in order to expedite capacity increases of coal-fired power in the years ahead, according… Read More ›
Regulators have singled out Microsoft and OpenAI’s exclusive provisions, prompting the possibility of an EU antitrust inquiry into their cooperation. Google’s artificial intelligence agreement with Samsung has also drawn attention. Additional third-party perspectives will be sought by EU antitrust regulators,… Read More ›
The firms announced on Thursday that Time magazine and OpenAI have inked a multi-year content agreement that would provide the ChatGPT creator access to Time magazine’s news archive. The firms stated in a statement that the chatbot will cite and… Read More ›
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