Author: nripn

It’s a tale of two AI-driven stocks. Oracle Stock (ORCL) fell sharply after the tech giant reported second-quarter results just below Wall Street estimates on both the top and bottom line. On the other hand, the actions of C3.ai (AI) soared after raising its full-year guidance due to demand for AI. Also in the news, Luigi Mangione has been charged with murder in the killing of UnitedHealthcare CEO Brian Thompson. Key guests include:9:05 a.m. ET – Gil LuriaDA Davidson, Managing Director9:30 a.m. ET – Eric WallersteinChief Market Strategist at Yardeni Research9:45 a.m. ET – Tom SiebelC3 AI, Founder and CEO10:05…

LATEST NEWSOctober 8, 2024 at 8:59 UTCTLDR Zepz, formerly WorldRemit, secures $267 million funding round for expansion into key African and global markets. Financing led by Accel with participation from Leapfrog, TCV, Coller Capital and IFC. Zepz, which operates WorldRemit and Sendwave, serves more than 11 million users in 150 countries.Formerly known as WorldRemit, fintech company Zepz has raised $267 million in a new funding round to support its expansion into its key African and global markets.The tour was led by Acceleratewith the participation of Exceed, TCV, Paste Capitaland the International Finance Corporation (IFC), member of the World Bank Group,…

Elite Fintech Solution, a local startup, has found its footing in neighboring African countries after facing regulatory hurdles in its base of operations.The company founded three years ago by Alazar Solomon is now attempting to transform SME credit facilitation in the Kenyan, Mauritius and Ugandan markets through the combination of AI and data analytics tools.The startup’s flagship product, E-bidir, a centralized platform that provides automated digital credit, presented a new service outside the regulatory scope of the National Bank of Ethiopia.“The current directive on credit references does not allow a business like ours to operate,” Alazar said. Shega.Even though the…

Google’s DeepMind team this week unveiled an AI model for weather forecasting called GenCast. In an article published in NatureDeepMind researchers said they found that GenCast outperforms the European Center for Medium-Range Weather Forecasts’ ENS – apparently the world’s best operational forecasting system. And in a blog postThe DeepMind team offered a more accessible explanation of the technology: while its previous weather model was “deterministic and provided a single, best estimate of future weather,” GenCast “includes a set of 50 or more forecasts, each representing a possible weather. trajectory,” creating a “complex probability distribution of future weather scenarios.” As for…

This inaugural summit brings together top payments and transaction banking professionals to discuss the latest trends in next-generation banking, fintech collaboration and cross-border payments innovations. EBAday 2025 is the ideal platform to meet industry leaders, exchange ideas and explore business opportunities. Join us to engage with the brightest minds in finance and gain insight into the future of payments.

Move, a fintech startup of Nigerian origin, announced a groundbreaking partnership with WaymoAlphabet’s autonomous vehicle division, to manage autonomous vehicle fleets in Phoenix, Arizona, and Miami, Florida. This collaboration showcases Moove’s innovative revenue-based vehicle financing model and its ambitious global expansion strategy. The company’s rapid growth is supported by significant funding, including a $100 million Series B round led by Uber in March 2024. Moove’s operations now span multiple continents, with recent expansions in Mexico and India. This remarkable growth highlights the potential for African startups to make a significant impact on advanced global technologies. Founded in 2020, Moove revolutionized…

TAIPEI/SINGAPORE (Reuters) – Taiwan Semiconductor Manufacturing Co (TSM, 2330.TW) is in discussions with Nvidia Corp (NVDA) to produce its Blackwell artificial intelligence chips in the subcontractor’s new factory in Arizona, three sources familiar with the matter said. TSMC is already preparing to start production early next year, the sources said. Nvidia’s Blackwell chips, which the company unveiled in March, have until now been manufactured at TSMC’s facilities in Taiwan. The company has seen strong demand from customers involved in generative AI and accelerated computing for the chips, which it says are 30 times faster for tasks such as providing responses…

“Appleby’s global presence, combined with deep local knowledge, allows them to offer comprehensive legal advice that meets international standards,” according to the 2025 edition of the Chambers and Partners FinTech Guide. The group has been recognized in six different offshore jurisdictions – the most of any offshore law firm. Band 1 rankings for Appleby’s fintech work have been achieved in the British Virgin Islands (BVI), Cayman Islands, Guernsey and the Isle of Man, while the group’s offices in Bermuda and Jersey were both classified in Band 2. The first four tiers The rankings are the most equal among offshore law…

Backers of the FinTech startup include MaRS IAF, Aperture, Desjardins and Arlene Dickinson. FinTech startup based in Toronto Cyder has secured C$1.5 million in pre-seed funding to help Canadian credit unions offer their own loyalty programs. Cyder aims to help credit unions compete with banks and attract younger members with its new Cyder Rewards platform, which allows credit unions to design and offer personalized loyalty programs. The company plans to use this funding to fuel the launch of Cyder Rewards, which it intends to test with Canadian credit unions in the next quarter. “Our goal is not to become the…

With shares up about 30% over the past month and 51% year to date, Tesla (NASDAQ:TSLA) the stock became one of the top 52-week gainers. This race has been driven by various factors, the most important being the appointment of Tesla CEO Elon Musk in the Trump administration, raising hopes for a legislative environment suitable for Tesla’s plans, including the development of autonomous driving. FSD Upgrades, AI Potential Drive Tesla’s $1.1 Trillion Market Rise The recent release of Tesla Full Self-Driving (FSD) Version 13 to staff members and a few select customers has helped support the narrative attitude. The upgrade…