Author: nripn

TAIPEI/SINGAPORE (Reuters) – Taiwan Semiconductor Manufacturing Co (TSM, 2330.TW) is in discussions with Nvidia Corp (NVDA) to produce its Blackwell artificial intelligence chips in the subcontractor’s new factory in Arizona, three sources familiar with the matter said. TSMC is already preparing to start production early next year, the sources said. Nvidia’s Blackwell chips, which the company unveiled in March, have until now been manufactured at TSMC’s facilities in Taiwan. The company has seen strong demand from customers involved in generative AI and accelerated computing for the chips, which it says are 30 times faster for tasks such as providing responses…

“Appleby’s global presence, combined with deep local knowledge, allows them to offer comprehensive legal advice that meets international standards,” according to the 2025 edition of the Chambers and Partners FinTech Guide. The group has been recognized in six different offshore jurisdictions – the most of any offshore law firm. Band 1 rankings for Appleby’s fintech work have been achieved in the British Virgin Islands (BVI), Cayman Islands, Guernsey and the Isle of Man, while the group’s offices in Bermuda and Jersey were both classified in Band 2. The first four tiers The rankings are the most equal among offshore law…

Backers of the FinTech startup include MaRS IAF, Aperture, Desjardins and Arlene Dickinson. FinTech startup based in Toronto Cyder has secured C$1.5 million in pre-seed funding to help Canadian credit unions offer their own loyalty programs. Cyder aims to help credit unions compete with banks and attract younger members with its new Cyder Rewards platform, which allows credit unions to design and offer personalized loyalty programs. The company plans to use this funding to fuel the launch of Cyder Rewards, which it intends to test with Canadian credit unions in the next quarter. “Our goal is not to become the…

With shares up about 30% over the past month and 51% year to date, Tesla (NASDAQ:TSLA) the stock became one of the top 52-week gainers. This race has been driven by various factors, the most important being the appointment of Tesla CEO Elon Musk in the Trump administration, raising hopes for a legislative environment suitable for Tesla’s plans, including the development of autonomous driving. FSD Upgrades, AI Potential Drive Tesla’s $1.1 Trillion Market Rise The recent release of Tesla Full Self-Driving (FSD) Version 13 to staff members and a few select customers has helped support the narrative attitude. The upgrade…

Many people are understandably nervous after the high-profile failure of San Francisco-based financial technology company Synapse, which caused up to $96 million to disappear from the accounts of tens of thousands of people overnight. Synapse filed for bankruptcy in April 2024, and nearly eight months later, many customers have yet to see the money they thought was protected by FDIC coverage. This is an extreme case, but it highlights some of the hidden dangers of relying on these increasingly popular banking options. Fortunately, there are steps you can take to avoid fintechs (like following our Most Recommended High Yield Savings…

By Dimpal Gulwani and Siddhi Nayak (Reuters) – India’s Paytm barely slowed its second-quarter revenue decline, while its user base shrank in its key digital payments business, pointing to a slower-than-expected recovery from the shutdown of its banking unit ordered by the central bank. Shares of Paytm, which in May had forecast a “significant improvement” in revenue and profitability compared to the second quarter, fell 7.7% on Tuesday. The country’s financial regulator shut down Paytm’s banking unit in January due to ongoing compliance issues, raising concerns about its key digital payments business and triggering a collapse in the stock. And…

SUMMARY The Netherlands-listed investment arm of Naspers has expanded its deal pipeline in India, marking its third major investment in fintech and finance after Mintifi and Vastu Housing Finance. This follows Jar raising $22.6 million in its Series B funding round with a post-money valuation of $300 million from Tiger Global and Eximius Ventures, among others. Founded in January 2021 by Nischay and Misbah Ashraf, Jar operates a mobile application, which allows users to invest as little as 1 INR. It claims to have over 1.5 Cr users on the platform. Global investment giant Prosus is reportedly in discussions to…

Tencent wins SFF FinTech Excellence Awards 2024, announces key partnerships with industry leaders and unveils new fintech solutions. SINGAPORE, November 8, 2024 /PRNewswire/ — At the Singapore FinTech Festival (SFF) 2024, the global internet and technology giant, Tencenthas pushed the boundaries of innovation in fintech and digital transformation with a host of commitments, partnership milestones and the unveiling of future-ready solutions. Dowson Tong, Senior Executive Vice President and General Manager of Tencent’s Cloud and Smart Industries Group, speaking at the ‘AI and Cloud: Powering the Economies of Tomorrow’ fireside chat at the Singapore FinTech Festival 2024. Joining thousands of attendees…

(Reuters) – The U.S. government has approved the export of advanced artificial intelligence chips to a Microsoft-operated facility in the United Arab Emirates as part of the company’s closely watched partnership with Emirati artificial intelligence company G42, Axios reported Saturday, citing two people. familiar with the agreement. Microsoft invested $1.5 billion in G42 earlier this year, giving the US company a minority stake and a seat on the board. Under the deal, G42 would use Microsoft’s cloud services to run its AI applications. The deal, however, came under scrutiny after US lawmakers raised concerns that the G42 could transfer powerful…

Choosing the top performing artificial intelligence (AI) stock a year from now is not easy. In 2023, it ended up being Nvidia. In 2024, all signs point to Palantir Technologies. This shift from AI hardware to AI application software was predictable because it must be deployed and become useful at some point for all hardware investments to be profitable. As a result, I think we will see another AI software company rise to the top in 2025. My prediction is that this will be the case. AI SoundHound (NASDAQ:SON)although it has already had an incredibly strong year in 2024, with…