Author: nripn

(Bloomberg) — Micron Technology Inc. will likely become the latest chipmaker to assure investors that demand for AI-related equipment is still strong. Like many of its peers, it can also admit that other core demand areas, such as PCs and smartphones, remain in the doldrums.Most read on BloombergThe company is expected to report after the market close, and analysts expect strong growth from its high-bandwidth memory chips, used in processing artificial intelligence data. Positive comments on AI demand could revive AI chip trading, which has stagnated after mixed reports from Broadcom Inc. and Nvidia Corp.Their forecasts disappointed discerning investors, much…

(Reuters) – Britain’s competition regulator said on Friday that Amazon’s artificial intelligence partnership with startup Anthropic would not be further investigated because it did not fall within its remit.The Competition and Markets Authority said the partnership, which includes a $4 billion investment by Amazon in Anthropic, was not eligible for investigation under UK merger regulations.“We welcome the UK Competition and Markets Authority’s (CMA) decision recognizing its lack of jurisdiction over this collaboration,” an Amazon spokesperson said in response to the regulator’s decision.The regulator also authorized a similar collaboration between Microsoft and Inflection AI.However, the partnership between Alphabet and Anthropic is…

Free newsletter Get the latest Fintech Singapore news delivered to your inbox once a month The Monetary Authority of Singapore (MAS), in collaboration with the Institute of Banking and Finance (IBF) and Workforce Singapore (WSG), has launched the Sustainable Finance Jobs Transformation Map (JTM). This initiative outlines the skills updates needed for the local financial services sector due to growing sustainability trends. MAS has identified 20 unique job positions as high priority for skills development. Key roles include relationship managers in corporate banking, who will require knowledge of sectoral decarbonization pathways and sustainable finance instruments to better identify and explain…

Here are the takeaways from today’s Morning Brief, which you can register to receive every morning in your mailbox accompanied by:The still-young history of generative AI is littered with grand predictions that it would be a transformative technology.But in recent months, skepticism has set in. The darling of generative AI, Nvidia, has bumped intounable to regain the record reached in June. The New York Times profiled Goldman Sachs’ resident AI skeptic, Research Director Jim Covello.Enter consulting giant Bain & Company and a big new forecast: “The market for AI-related hardware and software is expected to grow between 40% and 55%…

Intel has delivered its latest data center processor and AI accelerator, demonstrating that it can deliver essential products to customers while battling historic financial setbacks that cloud its future. This week, Intel released its Gaudi 3 AI accelerator and top-performing Xeon 6 processor to server makers for delivery to customers. Intel provided product details in June and brought them to market on time. The product shipments came several days after reports that Qualcomm had approached Intel to propose a friendly takeover and that Apollo Global Management had offered to make an equity investment of up to $5 billion in the…

THE Economic survey called for the need to plug regulatory gaps in the financial technology sector and align with global best practices. The survey also highlighted that it was important for digital lenders to move toward data-driven lending rather than judgment-based lending.“There is a need for ongoing review to identify regulatory gaps or overlaps and compare them to global best practices,” the survey notes. “In the medium term, efforts should be made to move towards data-driven lending rather than judgment-based lending, particularly for small businesses. »The survey also indicates that an approach should be developed for common user data, such…

Welcome to TechCrunch Fintech! This week, we look at Revolut’s announced valuation hike, fintech unicorns, the Disrupt Fintech scene, and more. To receive a roundup of TechCrunch’s biggest and most important fintech stories in your inbox every Tuesday at 8 a.m. PT, subscribe here. The big story Revolut reportedly informed its staff last week of its intention to sell up to $500 million of existing shares at a valuation of $45 billion, according to the Financial Times. This is notable because, if true, it would make the banking giant the most valuable startup in Europe. The valuation also marks a…

Today we’re joined by Bill Borden, Corporate Vice President, Global Financial Services at Microsoft, and Suzanne Dann, CEO Americas at Wipro. Together, they discuss their collaboration on leveraging Azure OpenAI to improve generative AI in finance. This partnership focuses on improving customer experience, streamlining processes and ensuring responsible AI practices in the financial industry. As Suzanne says: “My role is to help clients digitally transform by bringing together the right industry expertise, technology and integration experience. » Bill adds: “Our goal at Microsoft is to create products and services that truly meet the unique needs of financial institutions. » We’ll…

Channel Insider content and product recommendations are editorially independent. We may earn money when you click on links to our partners. Learn more. The creator of communications data and intelligence platform Smarsh and hyperscaler giant AWS have entered into a new five-year agreement that strengthens their initial partnership and commits to bringing automation and innovation to the sector financial services. The Smarsh platform is now equipped with GenAI capabilities and features intended to meet compliance and regulatory needs The Smarsh platform ingests communications data across an organization’s technology to scan for and detect potential threats to the security of that…

THE Reserve Bank of India (RBI) would like to adopt a “hands-off” approach to regulating FinTech. At the same time, the central bank expects these companies to follow rules on customer verification and data protection, the RBI executive director said. P.Vasudevan said Friday, February 16, Bloomberg reported Friday. According to the report, “no tougher measures are planned regarding FinTech,” Vasudevan said. Vasudevan is head of law enforcement at RBI, the report said. Other RBI officials also said the regulator wants the FinTech sector to thrive, the report said. This news follows reports of measures taken by the RBI in recent…