Author: nripn

Fintech continues to be a favorite among venture capitalists as the sector attracted $1.026 billion in funding in 2024. This figure represents 47% of the $2.2 billion total, according to company data African analysis of venture capital financing, Africa, the big deal. According to him, fintech’s share of the total represents an improvement on the 42% share of the total that the sector held in 2023. Indeed, this year’s share is the highest that the sector has enjoyed since the post-pandemic (2021). This is quite interesting given that at the end of the first half of 2024, the sector had…

(Bloomberg) — Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide Elon Musk’s Social Network X with servers optimized for artificial intelligence work. Most read on Bloomberg The deal closed late last year, according to people familiar with the matter who asked to remain anonymous because the deal was private. Competitors Dell Technologies Inc. and Super Micro Computer Inc. have also offered to sell the equipment. HPE declined to comment. Computing demand to run AI workloads has led to a boom for high-powered server makers like HPE. Musk’s companies, including Tesla Inc. and xAI, have…

(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s quarterly sales topped estimates, bolstering investors’ hopes that the breakneck pace of spending on AI hardware will continue through 2025. Most read on Bloomberg Nvidia Corp.’s go-to chipmaker and Apple Inc. reported a 39 percent rise in revenue between October and December, to NT$868.5 billion ($26.3 billion), based on calculations from monthly disclosures. This compares to an average estimate of NT$854.7 billion. The strong results from Taiwan’s largest company reinforce expectations that major technology companies, from Alphabet Inc. to Microsoft Corp., will continue to build and upgrade their data centers at a rapid pace…

The Digital Fifth, a leading banking and fintech consultancy firm in the country, will host the third edition of the Bharat Fintech Summit in February. This year’s theme, ‘Navigating the Next Wave of Digital Finance’, will focus on important regulatory updates including the Digital Personal Data Protection Act (DPDPA) and Reserve Bank of India guidelines (RBI) on IT governance. The summit will also focus on innovations in embedded finance, blockchain, artificial intelligence (AI) and wealth management, showcasing advancements such as UPI Lite for offline payments and AI-based fraud detection. CXOToday recently spoke with Sameer Jaini, the founder of The Digital…

Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature have ties to other companies, including competitors or companies we write about. However, we would like to assure our readers that this will have no impact on the integrity or impartiality of our reporting. We are committed to providing accurate and unbiased news and information to our audiences, and we will continue to…

TORONTO — RBC announces that it has partnered with Cohere Inc. to develop generative artificial intelligence products for the financial sector. It says the partnership will help create more accurate and verifiable models with a focus on risk and safety. TORONTO — RBC announces that it has partnered with Cohere Inc. to develop generative artificial intelligence products for the financial sector. It says the partnership will help create more accurate and verifiable models with a focus on risk and safety. Toronto-based Cohere says the collaboration will use its new North AI workspace to create a customized version for finance that…

Lagos, Nigeria – January 12, 2025 – Twenty exceptional startups representing 17 African countries have been selected to advance to the acceleration phase of the Timbuktu Fintech Startup Accelerator Program. This milestone is the culmination of the Transformation Bootcamp phase which brought together 45 startups from 34 African countries, equipping them with the critical tools and insights they need to scale their businesses.The Bootcamp phase of the program included masterclasses and capacity building workshops on key topics such as product refinement, business development, investment readiness and sustainability. The startups also gained key fundraising skills and exposure to leading pan-African investors,…

Share Tweet Share Share E-mail Managing your personal finances may seem impractical at first glance: organizing spreadsheets full of numbers takes both time and energy. But with today’s technology, it’s never been easier. Artificial intelligence is a cutting-edge field with capabilities that many do not fully utilize. With the proliferation of AI chatbots these days, these features have become accessible to everyone. Have you thought about how AI can help in the area of ​​personal finance? AI chatbots such as ChatGPT can quickly provide users with answers to questions without the need to contact a specialist. This functionality…

Free newsletterGet the latest Fintech Philippines news delivered to your inbox once a monthGCashPhilippine fintech giant backed by Globe Telecom, reportedly gearing up for substantial investment initial public offering (IPO) this could bring in up to 1.5 billion US dollars, DealStreetAsia reports.Sources indicate that GCash has hired major banks like Citi, Jefferies and UBS to work on the national listing, which could happen as early as the second half of 2025 or in 2026.Although GCash and its parent company Globe Telecom have not officially confirmed the IPO, they have stated their intention to be “ready to push a button” when…

Singapore tops the chart, with fintech companies raising $955 million.Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature have ties to other companies, including competitors or companies we write about. However, we would like to assure our readers that this will have no impact on the integrity or impartiality of our reporting. We are committed to providing accurate and unbiased…