Author: nripn

SCOPE, the exclusive invitation-only networking platform for startups, has announced a USD 50 million venture capital fund under its investment banking arm, SCOPE VC. The fund is specifically designed to invest in high-potential startups in the fintech and gaming sectors, with a focus on India and the US.SCOPE VC’s new fund will offer investments ranging from $500,000 to $2 million per startup, targeting early-stage companies that demonstrate innovation and disruptive potential. “Fintech in India and gaming in the US are experiencing phenomenal growth, and we believe there is a significant opportunity to invest in startups that will define the future…

TAIPEI (Reuters) – Taiwan’s export orders beat expectations in August as demand for chips used in artificial intelligence (AI) applications continued to climb, with the government predicting the strong momentum would extend to the rest of the year.Export orders rose 9.1 percent to $50.22 billion last month from a year earlier, the Ministry of Economic Affairs said on Tuesday, beating the 8.35 percent forecast in a Reuters poll and surpassing the 4.8 percent growth recorded in July.Orders for goods from Taiwan, home to tech giants such as chipmaker TSMC, are an indicator of global technology demand.The growth in orders was…

This acquisition is expected to improve user engagement on the platform and open up new revenue streams3 minutes reading Last updated: August 02, 2024 | 11:12 p.m. IST Payment solutions provider Infibeam Avenues on Friday said it will acquire a 54 per cent stake in news website Rediff.com India as part of its plan to expand its consumer business. The Gandhinagar-based fintech giant, which operates payment gateway CCAvenue, will acquire the stake for Rs 50 crore, which will be split equally between equity and debt. Rediff has about 55 million monthly visitors to its website and over 5,000 businesses use…

The shift towards digital transformation and growing consumer demand for transparent, technology-driven financial services are important growth drivers of the Fintech marketWilmington, Delaware, July 25, 2024 (GLOBE NEWSWIRE) — Fintech, short for financial technology, encompasses a wide range of innovative solutions that leverage technology to improve and automate financial services. It includes digital banking, mobile payments, peer-to-peer lending, blockchain technology, robo-investment advisors, and more. Fintech aims to improve the efficiency, accessibility, and affordability of financial services, by disrupting traditional banking and financial sectors with technology-driven solutions.THE fintech market has experienced remarkable growth in recent years, driven by technological advancements and…

Intel (INTC) unveiled a pair of artificial intelligence chips on Tuesday as it seeks to improve its data center business and steal market share from rivals AMD (AMD) and Nvidia (NVDAThe new chips, the Xeon 6 processor and Gaudi 3 AI accelerator, promise improved performance and power efficiency and come at a time when Intel is trying to prove it has what it takes to be a major player in the AI ​​space.The announcement follows a Wall Street Journal report that Qualcomm (QCOM) studying possible acquisition of Intel to strengthen its own chip business. Bloomberg, meanwhile, reported that Apollo Global…

Speed ​​of lightwhich provides point-of-sale (POS) systems to restaurants, is reportedly considering going private. The company went public five years ago, but Dax DasilvaLightspeed’s interim CEO and founder wonders if going private would be a better option, Bloomberg reported Monday (March 25), citing a interview published on the Montreal French-language news site La Presse. After trading at 16 Canadian dollars (about $12) per share, Lightspeed’s stock climbed to 155 Canadian dollars (about $114) per share in 2021, but fell later in the year, according to the report. It currently sits at about 13 Canadian dollars (about $9.60) per share, with…

Healthcare Financing NewsAI Should Be Considered as a Comprehensive Clinical StrategyThe question is not whether AI can predict disease, but what doctors should ethically tell patients, such as their chances of… 19 hours ago

SUMMARY Jupiter in talks to acquire 5-9.9% stake in SBM Bank India for an undisclosed amount The deal is yet to be finalised and both parties will also need RBI approval for the transaction to be finalised. This comes at a time when several Indian fintech startups are rushing to invest in banks after the RBI imposed restrictions on licensing conditions in case of non-compliance. Neobanking startup Jupiter, which counts Tiger Global, Peak XV and Matrix Partners among its backers, is the latest in a string of fintech startups to weigh an investment in a bank. The Bengaluru-based startup is…

By Jody GodoyWASHINGTON (Reuters) – The U.S. Federal Trade Commission on Wednesday announced actions against five companies it says are using artificial intelligence in deceptive and unfair ways.Three of the cases resulted in the suspension of operations of companies that claimed to help consumers generate passive income by opening e-commerce stores.The FTC also settled with a company called DoNotPay over its claim to provide automated legal services, as well as with Rytr, an AI writing tool that the agency said offered functionality that allowed users to generate fake product reviews.“Using AI tools to deceive, mislead, or defraud people is illegal,”…

AI innovations are now closely intertwined with most fintech operations. AI and Fintech share an element of innovation, meaning that Fintech and AI have a complex and multifaceted relationship that impacts various aspects of financial service delivery and drives efficiency for Fintech operators. According to htfmarketintelligence.com, the artificial intelligence (AI) market size in banking is expected to reach USD 66.24 billion at a CAGR of 33.61% by 2030. The accelerated growth in the adoption of AI applications by the Fintech sector is partly due to the falling costs of AI tools, rapid advancements in AI technology, and the growing demand…