Author: nripn

Nvidia Set to Benefit from AI Cloud Demand, Blackwell Launch and Data Center Expansion: Analyst Oppenheimer analyst Rick Schafer maintained Nvidia Corp. (NASDAQ:NVDA) with an outperformance rating and raised the target price of $150 to $175. Oppenheimer’s Rick Schafer reiterated his bullish stance on Nvidia ahead of the company’s third-quarter earnings report scheduled for November 20. Schafer expects a substantial rise in Nvidia’s October quarter results and January quarter guidance, driven by continued demand from cloud service providers (CSPs). and corporate clients for AI accelerators. Read also: Nvidia powers Tesla’s humanoid robots with new AI technology: here’s what to expect…

Rodrigo Teijeiro maps RecargaPay’s journey, the unique opportunities in Latin America fintech, and his thoughts on building a global business from Miami By Riley Kaminer Rodrigo Teijeiro, founder and CEO of RecargaPayhas traveled two decades in the fintech space to make RecargaPay one of Brazil’s leading payment platforms. RecargaPay has transformed the way Brazilians manage their finances, from basic bill paying to complex Buy It Now (BNPL) purchases – a service used by around 80% of Brazilian credit card holders. In 2023, the company reached over $200 million in revenue, representing 55% year-over-year growth and forecasting similar gains for 2024.…

PeLocal, the Chennai-based payment solutions provider within WhatsApphas raised $2 million in seed funding led by Unicorn India Ventures. The funds raised will be used to expand and improve the platform and will also help accelerate go-to-market strategies for large-scale project deployment.In the last 12 months, PeLocal has grown from 5 lakh monthly payment transactions to 30 lakh monthly payment transactions. The company aims to touch 1 crore monthly payment transactions on WhatsApp in the next 12 months. PeLocal will also launch a marketing catalog on WhatsApp with an SME payments and payments platform on WhatsApp, a statement said.Founded in…

We recently published a list of 15 News Updates on AI Taking Wall Street by Storm. In this article, we’ll take a look at where NVIDIA Corporation (NASDAQ:NVDA) stacks up to other AI news updates taking Wall Street by storm. xAI, the AI ​​startup owned by Elon Musk, is raising more than $6 billion at a valuation of $50 billion, according to a report from news platform CNBC. Most of this money, almost $5 billion, will come from Middle Eastern sovereign wealth funds. The funding will be used to purchase 100,000 NVIDIA chips, according to the media outlet. xAI plans…

Gujarat International Finance Tec-City (GIFT City) unveiled the launch of two key initiatives: GIFT International Fintech Institute (GIFT IFI) and GIFT International Fintech Innovation Hub (GIFT IFIH) – a dedicated incubator and accelerator for fintech startups, supported by the Asian Development Bank (ADB). These steps represent a major milestone in GIFT City’s vision to become a global leader in fintech education, innovation and startup growth. Together, these initiatives are expected to transform India’s fintech landscape, strengthening GIFT City’s position as a leading international hub for fintech while attracting top talent and global industry attention.The GIFT IFI will be managed by…

Fintech startup representatives at VSV Capital Demo Day on November 11, 2024. Photo courtesy of VSV Capital The Global Market Expansion Program (GMEP), funded by the Korea Institute of Startup and Entrepreneurship Development (KISED) under South Korea’s Ministry of SMEs and Startups, aims to help startups grow internationally.This initiative, now in its second year in Vietnam, marks VSV Capital’s seventh consecutive year of partnering with KISED to accelerate global startups in South Korea.In its 2024 edition, with a special focus on fintech, VSV Capital collaborated with Fintech Center Korea and Lotte Ventures to provide tailor-made training for Korean startups preparing…

It’s no secret that in recent years, investors have become increasingly curious about the prospects of artificial intelligence (AI). That said, I found much of the discussion around AI to be largely redundant. Software companies are touting how AI-powered services can drive higher levels of productivity in the workplace, while hardware and infrastructure players essentially hold the keys to the AI ​​car thanks to the power data centers and semiconductor chips. Start your mornings smarter! Wake up with Breakfast News in your mailbox every market day. Register for free » More recently, however, I have started reading about the role…

Fintech industryThe latest report titled “Fintech Industry Market: Trends, Share, Size, Growth, Opportunities and Forecast 2024-2031” by Coherent Market Insights provides an in-depth analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, as well as recent market advancements.The report includes a detailed table of contents, figures, tables and charts, offering in-depth analysis. The Fintech industry market has seen substantial growth in recent years, driven by factors such as increasing product demand, growing customer base, and technological advancement. This report provides an in-depth market assessment of the Fintech industry, focusing on market size, trends, drivers, challenges,…

Brief On July 26, 2024, the Monetary Authority of Singapore (MAS) updated the Licensing Guidelines for Payment Service Providers (PS-G01) (“Guidelines”), which came into force on August 26, 2024. These changes are applicable to current and future Standard Payment Institutions (SPIs) and Large Payment Institutions (MPIs) under the Payment Services Act (PSA) . The updates can be divided into those relating to: (i) the process of applying for a new MPI or SPI license, or an amendment to an existing license, under the PSA; and (ii) those relating to ongoing business conduct. Click here to read the full alert. *…

PeLocal, a payment solutions provider within Whatsapp, raised $2 million in seed funding funding round led by Unicorn India Ventures. The startup plans to use the capital raised to develop and improve the platform and also help accelerate go-to-market strategies for large-scale project deployment. What does PeLocal do? Founded in 2021 by Vivekanand Tripathi (Founder & CEO), PeLocal is pioneering payment solutions within WhatsApp, advancing digital transactions for clients like Delhi Metro, Indraprastha Gas, Mahanagar Gas and insurers. The startup specializes in public transport ticketing, utility payments and financial services, offering secure solutions to the public and private sectors. The…