Cryptocurrency Analysis and News Portal
Considering the tight market conditions, Nio has also put its expansion plans on hold for the time being. It has stopped any additional incentive programs such as free battery swaps for new users. In the latest development on Monday, June 12, Chinese electric carmaker Nio announced cutting the prices of
Read More
“The APPG supports the position of HM Treasury that cryptocurrency and digital assets are best regulated, in so far as is possible and appropriate, within existing and new financial services regulations, which has a track record in mitigating risks to consumers and investors,” the report said. Original Source
Read More
According to GetYourGuide, the funds raised will be used to invest in AI including the integration of Large Language Models (LLMs) into its platform. German online travel experience service provider GetYourGuide has announced it has raised the sum of $194 million from both new and old investors as it looks to
Read More
On May 31, OpenAI announced its efforts to enhance ChatGPT’s mathematical problem-solving capabilities, aiming to reduce instances of artificial intelligence (AI) hallucinations. OpenAI emphasized mitigating hallucinations as a crucial step toward developing aligned AI.In March, the introduction of the latest version of ChatGPT — ChatGPT-4 — further propelled AI into
Read More
A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any employees.According to the exchange, the decision is not a downsizing
Read More
Currently, the Digital Labs arm of the company is working on utilizing LLMs for analyzing customers’ feedback and inquiries. American Express (NYSE: AXP) has joined the new wave of companies adopting AI to scale their businesses. The financial services corporation is planning to deploy AI in validating transactions and approving lines
Read More
Amid reports of layoffs, Alibaba surprised the market by announcing plans to hire 15,000 people in 2023. It is pursuing a six-way split of its operations and preparing for the spinoff of Alibaba Cloud. Amid the uncertainty in the global jobs market and major job losses over the last few months,
Read More
The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex. American multinational investment banking giant Citigroup Inc (NYSE: C) has revealed its plans to pursue an Initial Public Offering (IPO) for its Mexico business, Banamex. The bank
Read More
“The uncertainty and conservatism inhibits deal-making in the short term, much of which is to pilot, test and improve banks’ experience and understanding of this market in a controlled manner,” Sahir Akbar, managing director of prudential regulation at lobby group the Association for Financial Markets in Europe (AFME), said of
Read More
Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies.The Australian Securities Exchange (ASX) caused frustration among market participants in November when it decided to "pause"
Read More