Author: nripn

By Arsheeya Bajwa (Reuters) -Palantir Technologies (PLTR) raised its annual revenue forecast for the third time on Monday, betting on strong government spending and growing demand for its software services from companies looking to adopt generative AI technology. Shares of the data analytics company were up about 13% in extended trading. Palantir has benefited from the rise of GenAI technology, as more companies turn to its AI platform, used for testing, debugging code and evaluating AI-related scenarios. The company now forecasts 2024 revenue of between $2.805 billion and $2.809 billion, up from its prior expectations of $2.742 billion to $2.750…

(Bloomberg) — Nvidia Corp. became the world’s largest company on Tuesday, surpassing Apple Inc. and underscoring how dominant artificial intelligence has become on Wall Street. Most read on Bloomberg Shares rose 2.9% to $139.93, resulting in a market capitalization of $3.43 billion, ahead of Apple at $3.38 billion. Microsoft Corp., which Nvidia adopted last month, has a market cap of $3.06 trillion. Nvidia has soared by more than 850% since the end of 2022. “Over the last few quarters, it felt like people mainly cared about inflation numbers, jobs numbers and Nvidia numbers,” said Fall Ainina, research director at James…

Vitalik Buterin, co-founder of Ethereum (ETH), has just shared a new blog post about prediction markets, their role in the digital sphere, and the opportunities for human collaboration they introduce. The emerging frontier of “infofinance” paves the way for fair, democratic and inclusive participation for different actors. Additionally, it can use quirky artificial intelligence (AI) concepts, suggests Buterin.Ethereum’s Vitalik Buterin Reflects on PM and Coins Finance Term: What You Need to KnowWhile already a very useful tool for the world, on-chain prediction markets present their potential as part of a much larger and incredibly powerful category that could be described…

The market for artificial intelligence (AI) is a generational investment opportunity. But you don’t have to seek out risky stocks to get great returns. Leading semiconductor and software companies benefit greatly from the growing adoption of AI and can help you achieve superior returns over the long term. Here are two reasonably priced AI stocks that could reach new highs in 2025 and years to come. Start your mornings smarter! Wake up with Breakfast News in your mailbox every market day. Register for free » Actions of Advanced microdevices (NASDAQ:AMD) its value has quadrupled over the past five years. The…

SINGAPORE, November 6, 2024 /PRNewswire/ — The Global Fintech Institute (GFI), with the support of the Monetary Authority of Singapore (MAS), proudly announces the launch of FLEXa global digital platform, and the Startup Investment Securities (SIC) frame. These initiatives are designed to bring transparency, trust and innovation to the global fintech ecosystem. FLEX is the essential platform to stimulate collaboration, investment and talent development in the fintech sector. It is built on three pillars: FLEX.Collaborate: Foster cross-sector and cross-border partnerships between fintech companies, investors and industry leaders. FLEX.Match: Connecting fintech startups to investors and institutional lenders to accelerate growth. FLEX.Talent:…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthIndonesia Go to groupa ride-hailing service in Southeast Asia, has denied reports that it is discussing a merger with Grab Holdings, another major player in the region.The announcement follows speculation that the two companies were considering a deal, potentially involving cash, stock, or a combination of the two, to unite their businesses.Speculation has gained ground following suggestions that GoTo may be more receptive to such discussions under its new CEO, Patrick Walujo, who took the helm last year.However, GoTo’s clarification puts to rest rumors of a potential…

We recently compiled a list of 11 Trending AI Stocks on Latest News and Notes. In this article, we’ll take a look at where Microsoft Corporation (NASDAQ: MSFT) stacks up against other trending AI stocks. The extent to which AI technology could disrupt life as we know it in the coming years is still shrouded in mystery. However, many organizations have worked to quantify these changes to better understand the evolving business landscape. For example, the Tony Blair Institute for Global Change, a London-based non-profit group, recently released a report specifying that AI could eliminate between 1 and 3 million…

Unlock Editor’s Digest for freeRoula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter.Taiwan Semiconductor Manufacturing Company has informed Chinese chip design companies that it will suspend production of its most advanced artificial intelligence chips, as Washington continues to hamper Beijing’s AI ambitions.TSMCthe world’s largest contract chipmaker, told its Chinese customers it will no longer make AI chips on advanced process nodes 7 nanometers or smaller starting next Monday, three people familiar with it said of the file. Two of those people said any future supplies of such semiconductors by TSMC to Chinese customers would be…

By Gloria Methri July 31, 2024 Acquisition Aion Bank International Ant In the first quarter of 2024, the FinTech mergers and acquisitions (M&A) sector in Europe saw notable activity despite a challenging macroeconomic environment. Transaction volumes in the wider EMEA region decreased by 26% compared to the previous year, but transaction values ​​increased by 9%, reflecting a trend where fewer but larger transactions are taking place. Despite the contraction, companies remain interested in exploring options and look forward to potential transactions when market conditions improve. The FinTech sector specifically leverages acquisitions to improve technological capabilities, expand market presence, and meet…

Date Name Sector Sub-sector Economic model Funding round size Type of financing cycle Investors Lead Investor October 29, 2024 Finova Capital Financial technology Lending Technology B2B-B2C $135 million E Series Avataar Venture Partners, Sofina, Madison India Capital, Norwest Venture Partners – October 29, 2024 Real estate financing Vridhi Financial technology Lending Technology B2C $36.9 million Series B Norwest Venture Partners, Elevation Capital, Sunku Ram Naresh, Sandeep Arora, Sunil Mehta Norwest Venture Partners October 28, 2024 Oudan E-commerce B2B e-commerce B2B $35.6 million Debt Lighthouse Township, Stride Ventures, Innoven Capital, Trifecta Capital. – November 6, 2024 Easy real estate financing Financial…