Author: nripn

Unlock Editor’s Digest for freeRoula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter.Taiwan Semiconductor Manufacturing Company has informed Chinese chip design companies that it will suspend production of its most advanced artificial intelligence chips, as Washington continues to hamper Beijing’s AI ambitions.TSMCthe world’s largest contract chipmaker, told its Chinese customers it will no longer make AI chips on advanced process nodes 7 nanometers or smaller starting next Monday, three people familiar with it said of the file. Two of those people said any future supplies of such semiconductors by TSMC to Chinese customers would be…

By Gloria Methri July 31, 2024 Acquisition Aion Bank International Ant In the first quarter of 2024, the FinTech mergers and acquisitions (M&A) sector in Europe saw notable activity despite a challenging macroeconomic environment. Transaction volumes in the wider EMEA region decreased by 26% compared to the previous year, but transaction values ​​increased by 9%, reflecting a trend where fewer but larger transactions are taking place. Despite the contraction, companies remain interested in exploring options and look forward to potential transactions when market conditions improve. The FinTech sector specifically leverages acquisitions to improve technological capabilities, expand market presence, and meet…

Date Name Sector Sub-sector Economic model Funding round size Type of financing cycle Investors Lead Investor October 29, 2024 Finova Capital Financial technology Lending Technology B2B-B2C $135 million E Series Avataar Venture Partners, Sofina, Madison India Capital, Norwest Venture Partners – October 29, 2024 Real estate financing Vridhi Financial technology Lending Technology B2C $36.9 million Series B Norwest Venture Partners, Elevation Capital, Sunku Ram Naresh, Sandeep Arora, Sunil Mehta Norwest Venture Partners October 28, 2024 Oudan E-commerce B2B e-commerce B2B $35.6 million Debt Lighthouse Township, Stride Ventures, Innoven Capital, Trifecta Capital. – November 6, 2024 Easy real estate financing Financial…

Industry spending on AI is expected to increase from $35 billion in 2023 to $97 billion by 2027, which … (+) represents a compound annual growth rate of 29%.getty The financial services industry continues to make notable progress thanks to Generation AI. In the last few months alone, we have seen the launch of several AI-powered solutions, including Morgan StanleyThe tool that summarizes video meetings and generates follow-up emails, as well as JPMorganChase AI Assistant LLM Suite. Others, like BNP Paribas And TD Bankannounced significant partnerships with gen AI model creators. Industry spending on AI is should increase from $35…

SUMMARY Fintech startup Cashfree Payments has launched a cross-border payments pilot in partnership with Swiggy, Zepto, Nature’s Basket, Nykaa, Bookmyshow, Redbus and Vedantu.This pilot program is aimed at users of UPI and RuPay cards, which are not generally recognized for global transactions.The Bangalore-based startup also received the Prepaid Payment Instrument (PPI) license from RBI a few weeks ago to facilitate the purchase and transfer of funds against a pre-loaded value. Months after obtaining the Cross-Border Payment Aggregator License (PA-CB)fintech startup Cashless Payments has now partnered with some major Indian companies to allow foreign customers to make payments in the country.…

Chainlink has developed an initiative to address the long-standing challenge of data fragmentation in the financial sector, by combining AI, oracles and blockchain technology. The solution integrated with the Chainlink Oracle Protocol provides standardized, real-time data access and automates validation processes, improving efficiency and accuracy for financial institutions and stakeholders. Over the past year, the rise of artificial intelligence (AI) has captivated investors and businesses, paving the way for a wave of innovative applications. Since its launch in 2022, ChatGPT has attracted mainstream attention and significant investments have rushed into AI projects. One of the projects includes Sentient Labs, an…

Based in Hamburg Tomorrowsustainable banking player, raised nearly €5 million in financing. Existing investors Abacon Capital, ETF Partners and Kopa Ventures as well as first investor IFB Innovationsstarter participated in this round. Existing investors are also participating in the round by converting convertible loans worth tens of millions of euros. These investors include Abacon Capital, Porsche Ventures, Rolf Schroemgens, Aenu, Haltra and some of the founders of Signavio. Tomorrow achieves monthly profitability for the first time since June 2024, both in terms of EBITDA and net profit. Michael Schweikart, co-founder and co-CEO of Tomorrow, said: “We are currently reaching an…

AI Planetworks uses generative design for mixed-use center AI Planetworks Guohua Financial Center in Shanghai’s historic district demonstrates a blend of generative design and computational innovation, balancing the needs of the surrounding community with architectural functionality. Leveraging advanced computational techniques, AI Planetworks created a design that integrates with its historic surroundings while addressing a range of environmental and urban design challenges. The project applies generative design to explore a variety of design options through computer algorithms based on specific parameters and goals. This approach allowed AI Planetworks to optimize aesthetic, functional and environmental factors, ensuring the development enhances the livability…

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 NVIDIA Corporation (NASDAQ:NVDA) 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 private…

Funding for Irish fintech companies saw a significant decline in the first half of this year with just €22 million invested as the sector globally faces cautious investor sentiment, according to a new report.According to the State of European Fintech report published by investment firm Finch Capital, funding for the Irish fintech sector reached €22 million between January and June. That excludes a single major outlier deal struck in March, which saw Dublin-based software company SoftCo acquired by private equity firm Keensight Capital in a deal thought to be worth more than $100 million euros.This compares to 212 million euros…