Author: nripn

HANOI (Reuters) – Nvidia (NVDA) and the Vietnamese government will jointly establish an AI research and development center and an AI data center in the Southeast Asian country, under an agreement signed on Thursday. Nvidia also announced it had acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but did not provide the amount of the deal. Nvidia CEO Jensen Huang said during a visit to Hanoi a year ago that the artificial intelligence chipmaker wanted to expand partnerships with Vietnam’s biggest tech companies and help the country train talent to develop AI and digital infrastructure. In April, Vietnamese…

HAMPSHIRE, United Kingdom, November 12, 2024 (GLOBE NEWSWIRE) — A new study from Juniper Researchthe greatest experts in the fintech and payments market, has selected SteelEye as the future global leader in fintech in 2025. Juniper Research’s ranking of 100 fintech startups is based on an assessment of many different aspects, such as total capital raised, the breadth of their product portfolio, and the level of creativity and innovation employed by their technology offering. . This assessment also provides a ranking of fintech startups in their respective sub-industry, identifying future leaders in key high-growth areas. For more details, see the…

Metaplatforms (META, Financial) announced the start of construction on a colossal data center in Richland Parish, Louisiana, confirming that it would devote $10 billion to its development. The hyperscale facility will integrate large AI and digital infrastructure operations, and construction is expected to take place from December 2024 to 2030. The data center is designed to be energy intensive. To achieve its goal of being renewable, it will partner with Entergy Corporation, which provides energy to several states, including Louisiana. Meta’s expansion aligns with its broader sustainability goals: envisioning 1 to 4 GW of nuclear power by the early 2030s…

(Bloomberg) — Paytm’s revenue fell sharply for the second straight quarter, reflecting the Indian fintech company’s struggles to revitalize its bottom line after a regulatory crackdown on some of its most important businesses. Most read on Bloomberg The stock fell 7.8% on Tuesday after the company reported a 34% drop in sales to 16.6 billion rupees ($197 million). It also reported its first-ever net profit, although much of it came from a Rs 13.5 billion gain from the sale of its events ticketing business to internet peer Zomato Ltd . A profitable quarter doesn’t help ease Paytm’s long-term challenges. The…

Nvidia (NASDAQ: NVDA) is one of the largest companies in the world. Its market capitalization stands at $3.3 trillion as of this writing, including $3 trillion in value added in the last two years alone. Nvidia’s graphics processing units (GPUs) for data centers set the benchmark for developing artificial intelligence (AI) models, and they are the primary driver of the company’s incredible growth. Over the past year, CEO Jensen Huang has shared some of Nvidia’s good fortune by investing in other AI stocks. Start your mornings smarter! Wake up with Breakfast News in your mailbox every market day. Image source:…

2023 was another challenging year for the fintech sector, as was 2022. Higher interest rates, tighter money supply, and other macroeconomic headwinds led to funding challenges, layoffs, spending controls on fintech companies, and even some fintech company closures. Although the macroeconomic climate will continue to reshape the market in 2024, experts are cautiously optimistic for this year as fintechs across Europe recalibrate their models for 2024. Here are some of the key trends that fintech experts expect to see in the coming year, both in the UK and across Europe. No more bank changes Industry figures show there were more…

The Indian startup ecosystem saw a dramatic rebound in funding this week (from December 2 to 7, 2024)a sign of growing investor confidence and the maturation of the ecosystem. According to Kredible data, 30 startups raised a cumulative total of $333.05 million, an extraordinary 500% jump from the $54 million raised the previous week. In the same way, INC42 data reported $249.6 million raised across 18 deals, a 72% increase from the previous week’s $144.8 million. These figures highlight a strong resurgence in investment in startups, with deals and funding amounts seeing significant weekly growth. ALSO READ | Is funding…

It seems Nvidia (NASDAQ:NVDA) is a victim of its own success. After another incredible quarter in which it doubled its earnings per share (EPS) year over year, shares of the chipmaker fell in the days following the release of third-quarter numbers. The fact is that expectations could hardly be higher. It’s a good thing the business still seems to be operating at full capacity. This isn’t the first time something like this has happened, and it probably won’t be the last. Nvidia saw its stock fall nearly 20% in the weeks following its latest release, only to gain nearly 35%…

Up about 60% in the previous year and more than 85% in the last six months, Robinhood Markets (Hood) was among the best performers of the year. This development reflects a combination of strategic decisions and excellent market conditions. Among those moves is Robinhood’s $300 million acquisition of TradePMR, intended to enter the registered investment advisor (RIA) industry and challenge established firms such as Schwab and Fidelity. The company declared plans to provide artificial intelligence-driven financial advice at its December 2024 investor day, enhancing its wealth management offerings. Its recently opened Singapore headquarters also highlights the importance of Asia-Pacific markets.…

WASHINGTON, December 5, 2024 /PRNewswire/ — Shield AI, the defense technology company building autonomy for the world, announced that it is expanding its collaboration with Palantir Technologies Inc. (NASDAQ: PLTR), a leading systems provider of AI, to develop and provide command and control of unmanned autonomous systems, including operations in environments where GPS and communications are denied. With Warp Speed, Palantir’s manufacturing operating system for American reindustrialization, Shield AI is doubling down on its commitment to providing scalable AI-powered solutions to protect military personnel and civilians. Ryan Tseng, CEO of Shield AI, signs a strategic partnership agreement as Palantir Chief…