Author: nripn

Listen and subscribe Financial Freestyle on Apple Podcasts, Spotifyor wherever you find your favorite podcasts. Artificial intelligence has grown by leaps and bounds in recent years, becoming more and more prevalent in everyday life and sparking a mixture of panic and inspiration among potential users. While some fear that AI will replace many types of jobs, three-time New York Times bestselling author and Van Jones, CNN contributor sees it a little differently. “What AI tools do is they give you an unfair advantage,” Jones told Ross Mac on an episode of Yahoo Finance Financial Freestyle (see video above or listen…

Bitcoin (BTC) surpassed the $70,000 mark on May 21, marking a milestone driven by a flood of investments in spot Bitcoin exchange-traded funds (ETFs) and a broader market rally.Bitcoin price surged to $70,325, a 6% increase over 24 hours, before settling at $68,700 at press time, based on CryptoSlate data.Ethereum (ETH) has arguably led the rally over the past few hours – seeing a staggering 14.5% rise in an hour on Monday amid speculation that the US SEC may approve Ethereum spot ETFs.ETH rose from $3,143 to $3,518 at press time.Renewed interestTHE renewed interest in Bitcoin ETFs follows weeks of…

Free newsletterReceive the latest Swiss Fintech news once a month in your inboxTwelve Swiss companies representing various aspects of the Swiss financial system will participate in the Singapore Fintech Festival 2024 (SFF 2024)which was held from November 6 to 8 at the Singapore Expo.This marks the eighth year of Swiss presence at the festivalorganized under the Swiss Pavilion by Switzerland Global Enterprise (S-GE) and the Swiss Business Hub Southeast Asia + Pacific.The Swiss delegation aims to demonstrate the strengths of its fintech sector, emphasizing Switzerland’s reputation for reliability, quality and innovation.SFF 2024 will focus on six key themes, including the…

NayaOnea leader in digital transformation platforms for businesses, today announced that it is driving the rapid adoption of generative AI within the financial services industry by leveraging NayaOne digital sandboxand NVIDIA’s accelerated computing platform, including NVIDIA NIM microservices, which are part of the NVIDIA AI Enterprise software platform. Through this work, companies will be able to accelerate the testing, development and deployment of generative AI solutions, driving time to value and time to market in areas such as fraud, experience customer and business efficiency use cases. Empowering Financial Institutions with Accelerated AI Adoption Generative AI has become a revolution for…

Market analyst CB Insights included Pakistani fintech startup NayaPay in its seventh annual report Fintech 100 Listaccording to a press release published Thursday. The list includes early and mid-stage startups that are driving innovation in the fintech space, the release said, adding that the CB Insights research team selected the companies based on metrics such as transaction activity, industry partnerships, investor strength and employee headcount, among others. About 52 companies on the list are from outside the United States, the statement added, including 17 companies from “11 emerging and developing economies.” “The 2024 Fintech 100 winners are high-momentum companies shaping…

(Bloomberg) — There is a growing divide in the $530 billion semiconductor industry between companies that are riding the artificial intelligence wave and those that are not. And if we consider the first results of this earnings season, this gap could soon widen into an abyss. Most read on Bloomberg “Without AI, the market would be very sad,” Christophe Fouquet, chief executive of ASML Holding NV, said on a conference call last week after the Dutch maker of chip production equipment revised to lowering its sales forecast for 2025 due to weak demand in all areas other than artificial intelligence.…

Halifax-based mortgage and insurance broker DNA Financial Solutions has launched a “revolutionary” new fintech platform to “streamline” its current service offering. The company unveiled Mogul, a finance and insurance comparison tool developed in collaboration with its sister software company, Roco Technology Group. Mogul offers real-time comparisons for mortgages, bridging finance, development loans and integrated insurance products, providing users with essential information to support their property investment decisions and delivering “greater speed and precision”. And bosses say the platform is set to play a “critical” role in building the company’s capabilities, strengthening its leading position in the property finance sector. Jonny…

Tech Funding NewsChemistry VC launches $350M fund to back fintech and infrastructure startups, led by Bessemer, a16z and Index alumni. A new venture capital firm, Chemistry, has raised $350 million for its first fund, with plans to invest in early-stage startups. 0.7 hours ago

Medical illustrators must take complex information and remove what is not the doctor’s focus, such as an injury. The AI ​​hasn’t learned proper cell anatomy, says David Bolinsky, producer of The Inner Life of the Cell and CEO and creative director of E.mersion Studios.

Artificial intelligence has boosted shares of tech companies like Microsoft (MSFT), Amazon (AMZN), NVIDIA (NVDA) and Google (GOOG, GOOGLE) to new heights this year. But the technology that companies promise will revolutionize our lives is driving up something other than stock prices: energy consumption. AI data centers consume enormous amounts of energy and could increase energy demand by up to 20% over the next decade, according to a Department of Energy spokesperson. Add to that the continued growth of the broader cloud computing market and you have a power shortage. But Big Tech has also set ambitious sustainability goals focused…