Latest Articles
Meta Releases New AI Model for Speech and Text Translation
By Darya Rudz
• 3 mins read
Meta expects SeamlessM4T to be much more effective than its competitors since its single approach reduces errors and delays, increasing the efficiency and quality of the translation process.
UK to Spend £100 Million of Taxpayer Money on AI Chips
By Darya Rudz
• 3 mins read
The UK government has been reportedly running negotiations with such giants as Nvidia, Advanced Micro Devices, and Intel about the supply of the equipment required to establish a national “AI Research Resource”.
China’s Evergrande Group Files for Bankruptcy Protection in the US
By Darya Rudz
• 3 mins read
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court.
UK Launches £1 Billion FinTech Growth Fund to Support Growth Stage Companies
By Darya Rudz
• 3 mins read
Such companies as Barclays plc, National Westminster Bank (NatWest), Mastercard Incorporated (NYSE: MA), London Stock Exchange Group, and Peel Hunt have backed FinTech Growth Fund.
Binance to Shut Down Its Buy-and-Sell Service Binance Connect
By Darya Rudz
• 3 mins read
Binance has confirmed the news, stating it would shift its focus to its main products and long-term goals.
Intuit Executive Alex Chriss Becomes New PayPal CEO and President
By Darya Rudz
• 3 mins read
In his role, Alex Chriss will replace Daniel Schulman who decided to leave the company in February, with retirement effective from December 31, 2023.
SoftBank Looking to Acquire Vision Fund’s 25% Stake in Arm
By Darya Rudz
• 3 mins read
Arm is scheduled to go public in September, with the listing of its shares on the Nasdaq exchange. Arm’s market capitalization by that time is expected to be $60 billion to $70 billion, which would make the deal the world’s biggest initial public offering so far this year.
European Gas Prices Surge Almost 40% amid Supply Concerns
By Darya Rudz
• 3 mins read
Prices on the Dutch Title Transfer Facility, the European benchmark, rose to more than €43 per megawatt-hour, reaching an intraday record high. On Thursday, the price slightly fell to €39.82.
US Supreme Court Rules in Favor of 30% Developer Tax on Apple App Store
By Darya Rudz
• 3 mins read
Apple is now legally allowed to keep its taxation policy. As Justice Elena Kagan has ruled, the latest petition filed by Epic Games against Apple is declined.
Disney Reports Fiscal Q3 2023 Results: High Revenue and Loss of Subscribers
By Darya Rudz
• 3 mins read
Following the release of the earnings report, Disney stock declined by 0.73% to close at $87.49. After hours, Disney shares added 2.24%. Year-to-date, Disney stock is 0.70% up.