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AI in Finance—nripn—November 17, 2024
(Bloomberg) - Apple Inc., aiming to catch up with rivals in the smart home market, is poised to launch a new product category: a wall-mounted display capable of controlling home appliances, handling video conferencing and 'use AI to navigate applications. Most read on Bloomberg The company is preparing to announce the device as early as
Startup News—nripn—November 16, 2024
FirstBank Group, one of Nigeria's leading commercial banks, has reaffirmed its commitment to advancing fintech innovation by awarding N29.5 million to 10 exceptional startups at its First Bank Fintech Summit 6.0, themed Banking on Partnerships. NearSwipe Limited, a fintech startup offering NFC chip ID cards with integrated payment solutions for university students, emerged as the
AI in Finance—nripn—November 16, 2024
Elon Musk could be in charge of the affairs of Grokbut artificial intelligence appears to have struck out on its own, calling Musk one of the worst offenders when it comes to spreading misinformation online. User Gary Koepnick asked the AI which person spreads the most information on Twitter/X – and the service has not
Corporate Acquisitions—nripn—November 16, 2024
Financial information technology (Financial technology) acquired Nexxus Group to expand its B2B payment capabilities. The acquisition, completed in May, adds Nexxus Group's consignment technology to Fintech business solutions for the hospitality and retail sectors, the companies announced in a statement released Wednesday (May 29). press release. “By combining their industry-leading digital commerce and consignment payment
Market Insights—nripn—November 16, 2024
Stay informed with free updates Simply register at Technology sector myFT Digest – delivered straight to your inbox. French fintech Qonto is talking to investors about a sale of existing shares that could value it at €5 billion, the latest such deal as companies seek to reward employees and early backers in the face of
Startup News—nripn—November 16, 2024
Cedar-IBSi Capital announced on Saturday (November 16) that it plans to invest in 10 to 15 startups working in the banking sector and insurance technology segment to expand its presence in the country. "The fund plans to build a portfolio of companies, allocating a budget between Rs 4 and 10 crore, with a focus on
AI in Finance—nripn—November 16, 2024
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) - Computer chip equipment maker ASML, facing the threat of new U.S. restrictions on trade with China, is optimistic about sales growth over the next five years as the AI's rise is fueling strong demand for the company's most advanced tools. CEO Christophe Fouquet, speaking at the
AI in Finance—nripn—November 16, 2024
(Bloomberg) - ASML Holding NV, the Dutch maker of advanced chipmaking machines critical to global supply chains, reaffirmed its long-term revenue outlook as it bets on a boom in demand for semi- drivers driven by artificial intelligence. Most read on Bloomberg The Dutch company expects its 2030 sales to be between 44 billion euros ($46
AI in Finance—nripn—November 16, 2024
By Liam Mo and Brenda Goh BEIJING (Reuters) - China's Baidu Inc on Tuesday unveiled a series of new applications for its artificial intelligence technology, including improved text-to-image generation technology and a tool allowing users to develop software applications without expertise in coding. The country's leading search engine company is among the technology companies focusing
Market Rumors—nripn—November 16, 2024
Nigerian policymakers put out fires this week, responding to threats to take down WhatsApp and denying any approval of mobile rate increases in the West African country. On the first point, the Federal Competition and Consumer Protection Commission (FCCPC) has criticized instant messaging service WhatsApp's claims that it may leave Nigeria after its parent company,
Startup News—nripn—November 16, 2024
Launched in 2023, in line with Visa's commitment to invest US$1 billion in financial inclusion in Africa by 2027, the Africa Fintech Accelerator has so far accelerated 45 startups across two cohorts, with 15 active partnerships now in place. The 23 startups that participated in the first program last year received mentorship, technology credits and
AI in Finance—nripn—November 16, 2024
(Bloomberg) - OpenAI was on the verge of a major milestone. The startup completed an initial round of training in September for a massive new artificial intelligence model that it hoped would significantly outperform previous versions of the technology behind ChatGPT and move closer to its goal of powerful AI that outperforms humans. But the
