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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
Jobs Market News—nripn—November 16, 2024
GANDHINAGAR: Gujarat International Finance Tec-City (GIFT City) announced the launch of GIFT International Financial Technology Institute (GIFT IFI) and the GIFT International Fintech Innovation Center (GIFT IFIH)—an incubator and accelerator dedicated to financial technologies, supported by the Asian Development Bank (ADB). This is a crucial step in GIFT City’s journey to become a global hub
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
AI in Finance—nripn—November 16, 2024
Amazon set to introduce new AI chips in December to rival Jensen Huang's trusty AI: 'We want to be absolutely the best place to run Nvidia' Amazon.com Inc. (NASDAQ:AMZN) is preparing to present its new artificial intelligence chips in December. His strategic move aims to leverage Amazon's significant investments in semiconductors and reduce reliance on
Jobs Market News—nripn—November 16, 2024
Viola Credit specializes in providing asset-based lending to fintech companies and the innovation economy. The firm has approximately $3 billion (£2.29 billion) in assets under management, with offices in New York, London, Tel Aviv and Sydney. Alex Ginzburg (pictured), partner and head of risk at the global asset manager, explains how the firm is helping
Market Rumors—nripn—November 16, 2024
Global payments platform Stripe is reportedly negotiating the acquisition of Bridge, a company that facilitates transactions involving stablecoins, according to to a Bloomberg report. This potential deal signifies Stripe's deeper foray into digital currencies and blockchain technology. As noted by Bloomberg, discussions between Stripe and Bridge are ongoing, although no final agreement has been reached.
Startup News—nripn—November 16, 2024
By Riley Kaminer For Miles Schwartz, co-founder and CEO of Zum Railsthe recent decision to move to Miami was very simple. “I realized, wait, none of my clients live here in Montreal,” he said. Refresh Miami. “Very few employees live here. We have an office in Miami and everyone wants to meet me there. It
