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AI in Finance—nripn—October 19, 2024
(Bloomberg) - Shares of Taiwan Semiconductor Manufacturing Co. hit a record high after the chipmaker beat quarterly estimates and raised its revenue growth target for 2024, easing concerns about global chip demand and sustainability of an AI hardware boom. Most read on Bloomberg The company – the main chipmaker for Nvidia Corp. and Apple Inc.
Startup News—nripn—October 19, 2024
Funding for African fintech startups saw a sharp increase in the third quarter of 2024 despite the global downward trend, with fintech companies on the continent raising $268 million. This is a significant increase from the $34 million investment in the sector in the second quarter, representing a staggering increase of 688 percent. The third
AI in Finance—nripn—October 19, 2024
Supatman/Getty Images Artificial intelligence (AI) is no longer a thing of the future: it's here and people are using it in many aspects of their lives, including how they plan their lives. finances. Learn more: I'm a financial advisor: 5 things the middle class wastes money on Then discover: 9 Things You Need to Do
Startup News—nripn—October 19, 2024
In a move that highlights the potential of India's booming fintech sector, an early-stage venture capital firm 8i Companies announced a full release of M2P financial technologya leading company in the field of API infrastructures. The release generated a stunning impact 12X ROI in just 4.5 years, which is a testament to both 8i Ventures'
Breaking News—nripn—October 19, 2024
Bill Harris (left) is the founder and CEO of Evergreen Money. “If you took all the checking accounts in the country and paid 5 percent on them,” he said, “that would be an additional $103 billion in revenue in people’s pockets.”Tony Avelar/Bloomberg Disastrous bankruptcy of middleware provider Synapse Financial affects consumers who were unable to
AI in Finance—nripn—October 19, 2024
Here's what to take away from today's Morning Brief, which you can register to receive every morning in your mailbox accompanied by: Nuclear power is poised for a renaissance in the United States, driven by big tech's seemingly insatiable need for electricity to power AI-generating data centers. Three recent headlines have highlighted this point: Microsoft
Startup News—nripn—October 18, 2024
SUMMARY 8i Ventures completed a successful exit from M2P Fintech, achieving 12X ROI over 4.5 years and generating 126% of its debut fund's corpus with just 10% of its capital. The company's initial investment of INR 9.7 Cr in M2P Fintech, which specializes in API infrastructure for financial services, resulted in a return of INR
Breaking News—nripn—October 18, 2024
(Bloomberg) - The head of ION Corporates, one of the main units of ION Group, has left the company, the latest in a series of high-profile leadership changes at the helm of the financial data provider. Rich Grossi was replaced as general manager of the Enterprise division by Sunil Biswas, who was previously product director
Startup News—nripn—October 18, 2024
Pan-African fintech startup Yellow Card has raised US$33 million in Series C funding to drive its global expansion and strategic initiatives, bringing its total equity funding to US$85 million. Since its launch in Nigeria in 2019, Yellow card has become the largest and first licensed Stablecoin on/off ramp on the African continent. It has operations
AI in Finance—nripn—October 18, 2024
(Reuters) - Nvidia shares hit a record high amid a rally in U.S. chip stocks on Thursday after strong sales forecasts from industry barometer TSMC bolstered expectations Investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expectations for annual revenue growth
Startup News—nripn—October 18, 2024
Payment technology company Stripe Inc. is reportedly in talks to acquire fintech startup Bridge Ventures Inc. for $1 billion. According to ForbesThe acquisition negotiations, which are still under discussion and subject to either party withdrawing, would constitute the largest deal made by Stripe to date. Some of the sources cited by Forbes also note that
AI in Finance—nripn—October 18, 2024
The UK's financial watchdog is launching an AI Lab to bring together technology companies, academics and regulators to better understand the present and future impact of technology on financial services. Announced in a speech by Jessica Rusu, Head of Data, Information and Intelligence at the Financial Conduct Authority (FCA), the AI Lab will support the
