Author: nripn

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – November 11, 2024 – AI has already had a profound impact on financial markets. Its ability to predict trends, execute trades quickly and manage risk fundamentally transforms investment strategies. Since it allows businesses to deliver an enhanced user experience with improved accuracy and personalization, businesses have started adopting this technology and implementing AI-based solutions. NVIDIA 2024 Survey found that more than 60% of financial services companies have already integrated AI into their processes, while 25% are actively considering doing so. These companies are using AI to improve decision-making, streamline operations, and improve…

When the U.S. federal government cut interest rates by half a percentage point last week, it was good news for venture capitalists backing a particularly struggling class of startups: fintechs, in especially those who rely on loans to obtain liquidity to operate their businesses. These companies include corporate credit card providers like Ramp or Sidewhich gives maps to fleet owners. Card companies make money from interchange rates, or transaction fees, charged to merchants. “But they have to front the money by getting a loan,” said Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures, a fintech-focused firm. “The conditions…

Hong Kong is carving out a place for itself as a vibrant hub of innovation and technology, especially as fintech companies from mainland China move in to access booming markets like Hong Kong. ASEAN. This dynamic, fueled by government strategic initiatives, is reshaping not only the local economy but also broader regional trade dynamics.According to Jiang Xuan, senior vice president of KN Group, the growing support from the Hong Kong government has been essential for their operations. “We will transfer some of our national risk management and research and development teams from the mainland to Hong Kong, but we want…

By Arsheeya Bajwa (Reuters) -Palantir Technologies (PLTR) raised its annual revenue forecast for the third time on Monday, betting on strong government spending and growing demand for its software services from companies looking to adopt generative AI technology. Shares of the data analytics company were up about 13% in extended trading. Palantir has benefited from the rise of GenAI technology, as more companies turn to its AI platform, used for testing, debugging code and evaluating AI-related scenarios. The company now forecasts 2024 revenue of between $2.805 billion and $2.809 billion, up from its prior expectations of $2.742 billion to $2.750…

(Bloomberg) — Nvidia Corp. became the world’s largest company on Tuesday, surpassing Apple Inc. and underscoring how dominant artificial intelligence has become on Wall Street. Most read on Bloomberg Shares rose 2.9% to $139.93, resulting in a market capitalization of $3.43 billion, ahead of Apple at $3.38 billion. Microsoft Corp., which Nvidia adopted last month, has a market cap of $3.06 trillion. Nvidia has soared by more than 850% since the end of 2022. “Over the last few quarters, it felt like people mainly cared about inflation numbers, jobs numbers and Nvidia numbers,” said Fall Ainina, research director at James…

Vitalik Buterin, co-founder of Ethereum (ETH), has just shared a new blog post about prediction markets, their role in the digital sphere, and the opportunities for human collaboration they introduce. The emerging frontier of “infofinance” paves the way for fair, democratic and inclusive participation for different actors. Additionally, it can use quirky artificial intelligence (AI) concepts, suggests Buterin.Ethereum’s Vitalik Buterin Reflects on PM and Coins Finance Term: What You Need to KnowWhile already a very useful tool for the world, on-chain prediction markets present their potential as part of a much larger and incredibly powerful category that could be described…

The market for artificial intelligence (AI) is a generational investment opportunity. But you don’t have to seek out risky stocks to get great returns. Leading semiconductor and software companies benefit greatly from the growing adoption of AI and can help you achieve superior returns over the long term. Here are two reasonably priced AI stocks that could reach new highs in 2025 and years to come. Start your mornings smarter! Wake up with Breakfast News in your mailbox every market day. Register for free » Actions of Advanced microdevices (NASDAQ:AMD) its value has quadrupled over the past five years. The…

SINGAPORE, November 6, 2024 /PRNewswire/ — The Global Fintech Institute (GFI), with the support of the Monetary Authority of Singapore (MAS), proudly announces the launch of FLEXa global digital platform, and the Startup Investment Securities (SIC) frame. These initiatives are designed to bring transparency, trust and innovation to the global fintech ecosystem. FLEX is the essential platform to stimulate collaboration, investment and talent development in the fintech sector. It is built on three pillars: FLEX.Collaborate: Foster cross-sector and cross-border partnerships between fintech companies, investors and industry leaders. FLEX.Match: Connecting fintech startups to investors and institutional lenders to accelerate growth. FLEX.Talent:…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthIndonesia Go to groupa ride-hailing service in Southeast Asia, has denied reports that it is discussing a merger with Grab Holdings, another major player in the region.The announcement follows speculation that the two companies were considering a deal, potentially involving cash, stock, or a combination of the two, to unite their businesses.Speculation has gained ground following suggestions that GoTo may be more receptive to such discussions under its new CEO, Patrick Walujo, who took the helm last year.However, GoTo’s clarification puts to rest rumors of a potential…

We recently compiled a list of 11 Trending AI Stocks on Latest News and Notes. In this article, we’ll take a look at where Microsoft Corporation (NASDAQ: MSFT) stacks up against other trending AI stocks. The extent to which AI technology could disrupt life as we know it in the coming years is still shrouded in mystery. However, many organizations have worked to quantify these changes to better understand the evolving business landscape. For example, the Tony Blair Institute for Global Change, a London-based non-profit group, recently released a report specifying that AI could eliminate between 1 and 3 million…