Author: nripn

McDonald’s announced a multi-year extension of its partnership with artificial intelligence company Cognizant, first signed in 2017. According to the companies, McDonald’s will leverage Cognizant’s technology to improve workforce efficiency. work and operations supporting the global financial systems and human capital of the chain. management, including payroll processing, franchise management, data management and legal applications. McDonald’s will use products such as Cognizant’s Skygrade, a cloud and edge management platform designed to help businesses move to cloud-native systems, and Neuro IT, which automates IT functions. Related: McDonald’s aims for further expansion in the United States“Cognizant has been an invaluable partner in…

Oracle (ORCL) stock jumped 7% on Tuesday – and continued its after-hours climb – as President Donald Trump announced it would be part of a $500 billion investment in infrastructure of AI with other major technology companies. Trump on Tuesday announced new private sector investment to build artificial intelligence infrastructure in the United States, with Oracle, ChatGPT creator OpenAI and Japanese conglomerate SoftBank (9984.T) among those who engage in the joint enterprise. The joint venture, called Stargate, is expected to start with a data center project in Texas, according to CBS News, who was the first to report the news.…

A look at the news making headlines in and around China: Ant IPO Rumors: Ant Group Co. Ltd. THURSDAY rumors denied that it would soon launch an IPO, stating that it had no plans to go public and warning of investment scams exploiting such misrepresentations. The rumors, which have been widely shared on social media this month, are spreading to generate hype about certain stocks, industry insiders told Caixin. Speculation about the listing of the fintech giant has mounted in recent months, as the shorter waiting period, triggered by earlier governance changes that eliminated its current controller, draws to a…

Individual lawyer rankings: Hagen Rooke: FinTech Legal, Singapore (Band 1) Nick Stainthorpe: FinTech Legal: Corporate, Securities & Financing, across the UK Bryan Tan: FinTech Legal, Singapore Company rankings: FinTech Legal: Singapore (band 1) FinTech Legal: Across the UK Reed Smith’s fintech attorneys help clients invest, finance, develop, market and utilize innovative services and products that are revolutionizing the financial services and technology industries. FinTech Rooms identifies and differentiates leading practitioners in payments, blockchain, cybersecurity and data protection globally. Chambers and Partners is a research and ratings company that publishes international lists and guides for the legal sector. Visit rooms.com for…

Finnish fintech startup Ovoro has unveiled an AI-powered cryptocurrency trading platform, operating under the supervision of the Finnish Financial Supervisory Authority (FIN-FSA). Ovoro is considered Finland’s first fully automated crypto investing app, promising simplicity, security and transparency in an industry often overshadowed by volatility and scams. Leveraging AI and a decade of market data Ovoro’s app caters to crypto enthusiasts and beginners by automating trading processes while minimizing risks. Users can buy or sell cryptocurrencies directly through the app, eliminating the need for external wallets or exchange accounts. The app interface allows investors to track the value of their investments…

Major US business software vendors, including Microsoft and SAP, have launched a new wave of artificial intelligence-driven innovation in recent months, rolling out a series of new “AI agents” designed to perform tasks in the corporate finance and other business functions. The recent industry developments come as many executives face increasing pressure to make the kind of AI investments that can bring optimal value to their organizations after the experiences of the past two years, analysts say. It also comes, they say, as some of the initial hype around generative AI – spurred largely by the introduction of ChatGPT in…

Yahoo Finance Host Rachelle Akuffo covers many of this morning’s top market headlines and top trending stocks as part of the Market Minute. The Supreme Court has complied with law that could ban popular social media platform TikTok in the United States starting this Sunday, January 19, unless Chinese parent company ByteDance divests from the platform. Apple (AAPL) is suspending its AI-generated news summaries after complaints revealed the program repeatedly made factual errors. Intel (INTC) is cited as a potential acquisition target in a semi-precise report. To see more news and expert analysis on the latest market stocks, visit More…

(Bloomberg) — The head of Rakuten Group Inc. dismissed skeptics who call the Japanese e-commerce pioneer’s mobile foray a mistake and said the telecommunications arm is central to future growth through artificial intelligence. Most read on Bloomberg The decision to enter Japan’s cutthroat wireless market has saddled Rakuten with four years of losses, weighing on its cash-rich online shopping malls and financial operations. But this mobile branch and its more than 8 million users help to form an AI ready to develop the conglomerate’s activities, according to billionaire founder Hiroshi Mikitani. The amount of proprietary data Rakuten collects from its…

Vijay Shekhar Sharma, run by One 97 Communications, the parent company of Paytoday announced its financial results for the third quarter of fiscal 2025 (Q3FY25), reporting a notable increase in revenue and a smaller net loss compared to the previous quarter. Although the company’s numbers show a year-over-year decline in revenue, Paytm remains optimistic about continued growth in its payment and financial services segments. Turnover and profitability Paytm recorded an operating revenue of Rs 1,828 crore for the October-December quarter of 2024, an increase of 10% over the previous quarter. However, it declined by 36% from Rs 2,850.5 crore in…

Citi GPS, Citi’s thought leadership product, released a report last week exploring the transformative potential of agentic artificial intelligence (AI), a cutting-edge advancement enabling AI systems to make decisions and perform tasks independently.EditorialThis content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community. The report, titled “Agentic AI – Finance and “Do it for me’ Economy explores how agentic AI is poised to redefine industries, particularly financial services, by increasing efficiency, scalability and personalization. Agentic AI marks a shift toward what Citi GPS calls the “do it for me” economy,…