Author: nripn

When we think of Meta (META), you might think of Facebook, Instagram or, shudder, the metaverse. But the social media company has quickly become an artificial intelligence darling, along with OpenAI, Microsoft (MSFT) and Google (GOOG, GOOGLE).Meta’s AI success comes from its Llama family of models, which the company releases across its various social platforms, including its Meta AI assistant for Facebook, Instagram and WhatsApp. Businesses also put Llama to work. In August, Meta reported on organizations ranging from Accenture (ACN) and DoorDash (DASH) to Goldman Sachs (GS) use Llama to develop their own AI software.It’s not just that Meta…

CoinMarketCap Rumors of BlockDAG’s Top-tier Exchange Listing Fuel Predictions of $20 by 2027 Amid Falling Injective Prices and Growing Optimism: Guest Post from TheNewsCrypto In the Fast-Evolving Crypto Space, Injective (INJ) recently fell 5% to $18.63, while Optimism (OP) has rebounded, albeit at a low level….2 weeks ago

Bitcoin.com News Nigerian fintech Okra launches cloud unit to boost revenue Nigerian fintech startup Okra has entered the West African cloud infrastructure market with its new subsidiary, Nebula.. 5 hours ago

Thomas Hartmann is the CEO of Funded Unicorn GmbH. getty The fintech sector has grown and matured significantly over the past 10 years, shaped by technological advancements and changing customer preferences. Public fintech companies had a market capitalization of $550 billion in mid-2023, doubling in value since 2019. Despite a market correction in 2022 that slowed the rapid gains of the previous decade, the fintech sector is expected to grow more than twice faster than traditional banking (15% vs. 6% annual revenue growth) from 2022 to 2028. In this landscape, adoption of digital payment has become widespread, accelerated by the…

Hong Kong finance chief Paul Chan Mo-po has highlighted the city’s central role in helping mainland Chinese companies develop their artificial intelligence (AI) capabilities as they eye expansion into South Asia. Southeast. Speaking at a seminar on Friday, Chan highlighted Hong Kong’s strategic role in facilitating the growth of AI and financial technology (fintech) in the region. As Southeast Asia becomes an increasingly attractive market for businesses, Chan highlighted that Hong Kong’s combined strengths in financial services and innovation provide a strong foundation for businesses seeking to expand. develop. As a major financial center, the city offers advanced infrastructure and…

– Advertisement – Tenity VC’s Climate Fintech 2024 report highlights Estonia as a global leader in climate fintech, showcasing remarkable growth, innovation and resilience in a rapidly evolving sector. The report reveals Estonia’s exceptional performance, with the country leading on several key indicators, including the number of climate fintechs per capita and the rate of female founders. For the third year in a row, Tenity analyzed a comprehensive database of more than 750 innovative startups, providing global insights into funding, founder demographics and market trends. The 2024 edition specifically highlights Estonia’s dynamic contributions to climate fintech, highlighting the country’s success…

THE Global FinTech Festival 2024 ended on August 30 with a speech by Prime Minister Narendra Modi. He praised the role of the fintech industry in the digitalization of economy and further encouraged innovation in the sector. The event coincided with the 10th anniversary of the Prime Minister Jan Dhan Yojana (PMJDY), which PM Modi highlighted as a significant achievement in financial inclusionThere are now over 530 million PMJDY accounts, each with an average balance of over Rs 4,300.Addressing the gathering, the Prime Minister said the country’s economy and markets were in a celebratory mood at a time when the…

According to Lloyds, two out of three financial institutions are already investing in AI. Find out why at Finextra’s inaugural NextGen: AI event in November.EditorialThis content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community. Join us on November 26 at NextGen: AI in Londonwhere we will discuss the impact and future of AI in financial services with the industry’s most prominent thought leaders.According to LloydsAccording to the latest banking sentiment, there has been a significant change in attitude towards AI over the last year. Greater adoption and greater recognition…

The impact of technological innovations in Southeast Asia is visible across various sectors, including e-commerce, fintech, manufacturing, and education. Countries like Vietnam, Indonesia, Thailand and the Philippines are seeing an increasing emphasis on digitalization. automationand AI-based solutions.This transformation has not only improved productivity, but also opened up new economic opportunities. For example, Vietnam’s digital economy accounted for 16.5% of its GDP in 2023, a milestone reflecting the role of technology in driving economic growth in Southeast Asia.E-commerce platforms, enabled by technological advancements, have revolutionized retail in the region, creating millions of jobs in Southeast Asia. Companies such as Lazada, Shopee…

(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…