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Britain allocates £100 million towards AI research and regulatory efforts.
London, UK – In a significant move towards advancing the field of artificial intelligence (AI), the United Kingdom has announced a substantial investment of over £100 million (US$125 million) in…
Roblox’s AI Chat Translator Breaks Language Barriers in Real Time
Roblox, the immensely popular online gaming platform, has recently introduced an AI-powered chat translator that is poised to redefine the dynamics of global online interaction. This novel AI-powered chat translator…
Microsoft Introduce Face Check for Powerful Identity Verification
Microsoft has recently introduced an innovative feature named Face Check to its Entra Verified ID digital identity platform. This innovative facial recognition tool is designed to offer businesses an advanced…
AI-Generated Fake IDs Pose Threat to Crypto Exchanges
An underground website known as OnlyFake has mastered using artificial intelligence (AI) to fabricate identification documents with unprecedented quality and realism. At the modest price of $15, one can procure…
In 2023, a ex-Lazada’s D2C home appliance brand tripled sales and became extremely profitable.
In the dynamic realm of consumer electronics, Simplus has emerged as a beacon of innovation and excellence, reshaping the Southeast Asian home appliance market with its distinctive offerings and customer-centric…
Sygnum, a cryptocurrency-focused bank, secures more than $40 million in funding as part of its expansion plans in the market.
Singapore, February 6, 2024 – Sygnum, the global digital asset banking group, has successfully raised over US$40 million in a recent funding round aimed at fueling its growth and enhancing…
Powell Indicates Federal Reserve Nearing Rate Reductions
Jerome Powell, Chair of the Federal Reserve, emphasized that the U.S. central bank is on course to reduce interest rates within the year, provided inflation continues its downward trajectory. Speaking…
Revised Figures Show UK Labour Market More Constrained Than Previously Estimated
Recent adjustments to the UK‘s population estimates have revealed a tighter labour market than previously understood, with a significant decrease in unemployment rates. The Office for National Statistics (ONS) reported…
Corporate Frugality in China Hampers Economic Revival Efforts
As China grapples with economic challenges, companies across the nation are adopting stricter cost-saving measures, potentially stalling the much-anticipated rebound in consumer spending and exacerbating deflationary pressures. Employees like Simon…
Nintendo makes its Switch sales projection better due to rising expectations for hardware releases.
In a strategic move to maintain its dominance in the gaming industry, Nintendo has announced an upward revision of its full-year Switch sales forecast. The company now expects to sell…
South Korea is taking big steps to facilitate foreign access to the FX market.
SEOUL, South Korea – In a significant move to bolster its standing as an attractive destination for offshore investors, South Korea’s finance ministry announced a series of measures aimed at…
Bluesky: Twitter-like Social Network is Now Open to All
Bluesky, a social media platform that draws inspiration from Twitter and endorsed by Twitter co-founder Jack Dorsey, has recently made a significant leap from being an exclusive, invite-only platform to…
White House Presses Congress to Extend Internet Subsidy Program
The White House has called on Congress to urgently extend the Affordable Connectivity Program (ACP), a critical initiative that enables low-income households to access affordable internet services. The program, a…
Former WeWork CEO’s Risky Bid to Buy Back WeWork
Adam Neumann, the enigmatic co-founder of WeWork, has once again captured the business world’s attention with his audacious move to repurchase the company he was once ousted from. Amidst its…
KakaoBank enhances the capabilities of its AI research facility located within the Digital Realty ICN10 data center.
Singapore, February 6, 2024 – In a strategic move to accelerate its AI capabilities and research initiatives, KakaoBank, the leading mobile bank in Korea, has partnered with Digital Realty, a…
BP makes a comeback with a net annual profit of US$15.2 billion and boosts its share buyback program.
London, UK – In a stunning reversal of fortunes, British energy giant BP announced on Tuesday that it had rebounded into vast profitability in 2023, marking a remarkable turnaround from…
Xi Jinping’s Market Revamp Shocks Regulatory Insiders Amid Deepening Stock Turmoil
In an unexpected move that has sent ripples through China‘s financial circles, the country’s main securities watchdog saw a dramatic leadership change, underscoring the urgency with which President Xi Jinping’s…
US-China Trade Deficit Hits Lowest Point Since 2010 Amid Strategic Shifts
In a significant development marking the evolving dynamics of international trade, the United States saw its goods-trade deficit with China diminish to its smallest total in over a decade last…
Investors Eye Lunar New Year Spending for Clues on China’s Economic Health Amid Stock Market Struggles
Amid a tumultuous period for China’s stock market, the upcoming Lunar New Year holidays, scheduled from February 9-17, stand as a critical juncture for investors seeking indicators of the nation’s…
Japan Introduces Digital Nomad Visa: Innovative Remote Work and Travel
In an unprecedented move, Japan has launched a new digital nomad visa, heralding a significant shift in the global remote work landscape. This initiative allows individuals, along with their spouses…