Latest Articles
Alibaba to Launch TMall E-Commerce Site in Europe
By Darya Rudz
• 3 mins read
When launched in Europe, TMall will focus on selling local brands to local shoppers. It is not yet clear if TMall will be merged in any way with AliExpress which is already present in Europe.
Apple Rejects Updates to Bitcoin Wallet Zeus Citing Violation of Its License Guidance
By Darya Rudz
• 3 mins read
Apple cited the absence of licenses and permissions required for an app to be available in the App Store. Since Zeus has not provided any licenses, including money transmitter licenses, it is considered to be violating Apple’s policy.
Google Postpones Launch of Bard Chatbot in EU Over Privacy Concerns
By Darya Rudz
• 3 mins read
According to Irish watchdog DPC, Google has not provided enough information about Bard and specifically about how its generative AI tool ensures Europeans’ privacy.
UBS Completes Emergency Takeover of Credit Suisse with Dozen of ‘Red Lines’ Imposed
By Darya Rudz
• 3 mins read
To cover potential losses of 9 billion francs ($9.9 billion) that result from winding down parts of Credit Suisse’s business, UBS has reached an agreement with the Swiss government.
Crypto Hedge Fund Arca to Lay Off 30% of Its Staff
By Darya Rudz
• 3 mins read
The company cited the challenging environment as a reason behind its headcount cut.
Gate.io Threatening Legal Action in Response to Rumors about Its Insolvency
By Darya Rudz
• 3 mins read
Amid all the speculations, a lot of money has been flowing out of Gate.io. Its token (GT) has been hit hard and it has seen a significant decrease in its price.
OpenAI Set to Mitigate Risk of AI ‘Hallucinations’
By Darya Rudz
• 3 mins read
To mitigate the risk of AI hallucinations, OpenAI has come up with a new approach that implies training AI models to reward themselves for each correct step of reasoning instead of rewarding a correct final answer.
Goldman Sachs to Run Another Round of Layoffs amid Wall Street Dealmaking Decrease
By Darya Rudz
• 3 mins read
Goldman Sachs is not the only company to participate in the latest round of Wall Street layoffs. Such banking giants as Morgan Stanley and JPMorgan Chase are also reducing their headcount.
Nvidia CEO: Those Without AI Expertise Will Be Left Behind
By Darya Rudz
• 3 mins read
According to Jensen Huang, those who are afraid that AI might take their jobs are wrong. It will be those with AI expertise who will steal their jobs. In addition, the AI industry will transform every single job, open a lot of new opportunities for those with experience and create numerous vacancies.
Bitfinex Partners with Chile’s OrionX to Promote Crypto Adoption in Latin America
By Darya Rudz
• 3 mins read
Within the partnership, Bitfinex and OrionX will collaborate on developing education programs in the crypto sphere for local universities, as well as promote financial freedom and inclusion efforts in Latin America.