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AI reshapes banking jobs, personalised service through avatars?
Jun 27,2024
A recent report from Citigroup predicts a significant rise in banking profits, driven by the adoption of AI, with projections soaring to nearly$2 trillion by 2028 from the current$1.7 trillion. While AI has traditionally been used to optimise product...
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AI chip company Micron surpasses revenue expectations in Q3 despite mixed outlook for Q4
Jun 27,2024
Micron Technology surpassed revenue expectations in the third quarter due to robust demand for its memory chips, particularly in AI applications. However, its fourth-quarter revenue forecast, while meeting expectations, disappointed investors, leadin...
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Sequoia Capital leads $16M investment in French AI startup Dust
Jun 27,2024
Sequoia Capital is leading a$16 million investment in Dust, a French startup founded by former OpenAI researcher Stanislas Polu. Dust specialises in crafting bespoke AI bots for enterprises, leveraging advanced language models like OpenAI's GPT and G...
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US small businesses increasingly adopt AI amid implementation challenges
Jun 27,2024
Small businesses in the United States increasingly turn to AI to improve their operations, although many encounter significant challenges during implementation. According to research conducted by Morning Consult on behalf of Visa, 52% of small busine...
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BlackBerry surpasses revenue expectations, driven by cybersecurity demand
Jun 27,2024
BlackBerry surpassed expectations for Q1 revenue by reporting$144 million, exceeding the estimated$134.1 million by analysts. The Canadian firm credits this achievement to a strong demand for cybersecurity services in response to rising online threat...
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Israel to build new supercomputer for industry and academia
Jun 27,2024
The Israel Innovation Authority has announced plans to launch a tender next month to establish a supercomputer dedicated to training domestic large language models (LLMs). Announced at an event at Tel Aviv University, CEO Dror Bin explained this move...
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French company OVHcloud surpasses Q3 Revenue expectations amid US tech surge
Jun 27,2024
Due to strong demand from US tech companies, the French cloud services provider OVHcloud exceeded its Q3 revenue expectations. Despite economic challenges affecting cloud spending in Europe, OVHcloud experienced a significant 15.9% surge in its share...
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Microsoft continues OpenAI services in Hong Kong amid new API restrictions
Jun 27,2024
Microsoft has stated it will keep providing eligible customers in Hong Kong with access to OpenAI's AI models, like ChatGPT, via its Azure cloud platform. The decision stands despite OpenAI's recent move to restrict API access from unsupported areas,...
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Nokia to sell submarine networks to French state for $374 million
Jun 27,2024
Finnish telecommunications giant Nokia recently announced that it has agreed to sell its submarine networks business, Alcatel Submarine Networks (ASN), to the French state for 350 million euros (approximately
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Softbank to invest up to $20 million in US startup Perplexity AI
Jun 27,2024
Japanese tech investor SoftBank Group's Vision Fund 2 plans to invest between$10 million and$20 million in US search startup Perplexity AI, valuing the company at$3 billion. The investment is part of a larger$250 million funding round, which remains ...
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Infosys CEO settles insider trading charges
Jun 27,2024
According to India's markets regulator, Infosys CEO Salil Parekh has settled charges related to insufficient internal controls to prevent insider trading during a 2020 contract. Parekh agreed to pay approximately$30,000 to settle the charge, which st...
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The future of humour in advertising with AI
Jun 26,2024
AI is revolutionising the world of advertising, particularly when it comes to humour. Traditionally, humour in advertising was heavily depended on human creativity, relying on puns, sarcasm, and funny voices to engage consumers. However, as AI advanc...
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