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Bitcoin.com NewsEgyptian Fintech Unicorn Secures $157.5 Million in Latest Funding RoundEgyptian fintech giant MNT Halan has raised $157.5 million in its latest funding round. The International Finance Corporation (IFC) contributed $40….July 25, 2024

(Bloomberg) — Deutsche Telekom AG said it plans to offer a buyback program of up to 2 billion euros ($2.2 billion) in 2025 and will rely on artificial intelligence to become more efficient over the next three years.Most read on BloombergEurope’s largest telecommunications operator will also propose a dividend of 90 cents per share for the 2024 financial year, up from 77 cents last year, the company said in a statement released Thursday ahead of the capital markets day. The share buyback program for next year follows a similar buyback of 2 billion euros in 2024.Deutsche Telekom is outperforming its…

Band And Nvidia has expanded their collaboration to enhance Stripe’s AI-powered capabilities and allow developers and businesses to prepay for certain Nvidia cloud services. These new efforts build on an existing partnership in which Stripe used Nvidia’s accelerated computing platform to train the machine learning models that power parts of its enterprise financial infrastructure platform.THE the companies said in a Wednesday (October 9) press release. “At Stripe, we’ve been busy building a set of useful features for AI products in general, including usage-based billing to manage inference costs, Link for higher converting payments and support for much more local payment…

Saudi healthcare investor Burjeel Holdings partners with US company Axiom Space for space medical research In a major milestone for global healthcare and space exploration, Burjeel Holdings, one of Saudi Arabia’s leading healthcare investors, announced a partnership with Axiom Space, a global leader human spaceflight services. The partnership, unveiled at New York’s iconic Times Square, is expected to push the boundaries of medical research and innovation by leveraging the unique environment of space to study how the human body responds in microgravity . This long-term collaboration with Axiom Space, renowned for its global missions to the International Space Station, will…

Each of the six publicly traded companies with market capitalizations exceeding $1 trillion has played an important role in the advancement and development of artificial intelligence (AI). Four of them have divide their stocks over the last five years.It might not be long before another AI split action joins the ranks. Broadcom (NASDAQ:AVGO) has become a key provider of data center AI chip designs, complementing its other semiconductor designs and enterprise software business.With a market cap of around $850 billion, Broadcom, as of this writing, needs to gain 18% to reach the $1 trillion mark. Here’s why it’s bound to…

Tanzanian payment company Nala has secured $40 million in Series A funding, which it plans to use for global expansion and to strengthen its payment systems across Africa. Based in Kenya, Nala is a fintech startup enabling money transfers from the UK, US and EU to Kenya, Uganda, Tanzania, Rwanda and Ghana. This new funding follows a $10 million funding round in 2022 and will further improve the reliability of its African payment systems by establishing its own payment infrastructure, the company said. Nala’s investment round has attracted funding from global firms such as San Francisco-based Acrew Capital, DST Global,…

The survey found that 60% of respondents who started using AI said their projects were successful. (Credit: wutzkohphoto/Shutterstock) AI adoption is increasing among chief financial officers (CFOs), as 70% of finance professionals plan to invest in AI technologies in the next five years, according to a Wolters Kluwer survey . The report, titled “AI in finance, from skepticism to optimism” highlights how the perception of AI among financial executives is evolving, with many increasingly seeing AI as an integral part of their strategies. “Adopting AI in the CFO’s office is no longer a question of ‘if’ – but ‘when’ and…

Diving brief: More than two thirds of corporate finance teams work in the field exploratory stage of artificial intelligence implemented, information services company Wolters Kluwer found in a global survey. Only 9% of respondents said their organization The finance function was already exploring ways to expand AI projects on a larger scale, according to a report on the findings released Thursday. The survey was completed by 181 participants, representing various roles within their organizations, primarily in the financial field. “AI adoption (in the CFO’s office) is just beginning to accelerate,” the report said. The study “indicates that organizations are actively…

Press release, Orbis Research – The Global Cloud AI in Fintech Market The research provides in-depth assessments of the Cloud AI in Fintech industry, along with critical market segment data. Request a sample report @ https://www.orbisresearch.com/contacts/request-sample/6560599 The study conducts in-depth interviews with industry experts in cloud AI in fintech to help draw its conclusions. It also provides a comprehensive overview of the field, discussing the most recent scientific and technological advances, market limitations and investment potential. The research examines customer preferences and provides practical suggestions and business adjustments to industry competitors. The report also addresses external, interpersonal and environmental…

The company plans to develop a mobile application that simplifies financial management.Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It is possible that some of the investors we feature have ties to other companies, including competitors or companies we write about. However, we would like to assure our readers that this will have no impact on the integrity or impartiality of our reporting. We are committed to providing…