IT and Fintech

Information Technology and Financial Technology

AI and BCT

For Big Tech, a thirsty generative AI boom presents an increasing challenge.

An often-overlooked but crucially important environmental issue—Big Tech's growing water footprint—is coming under more public scrutiny as a result of a global rush to capitalize on the next wave of generative artificial intelligence. Researchers say the race to profit from...

Interest Rates and Wealth Management

Inflation in the Euro Zone drops to 2.4%, Below Forecasts

According to flash data released on Thursday, annual inflation in the euro zone fell to 2.4% in November from 2.9% in October. A reading of 2.7% was anticipated by Reuters polling economists. The European Central Bank's closely watched core inflation rate,...

IT and Fintech

EU Charges Google for Anti-competitive Practices in ADTech Business

The European Union charged Google for Anti-competitive practices in advertising technology (ADTech) and may seek the breakup of parts of its business to resolve the bloc’s concerns. The executive arm of the EU, the European Commission reached a primary conclusion...

IT and Fintech

Twitter CEO Emphasizes Freedom of Speech in her first Tweet Thread Since Becoming CEO

In her first tweet thread since becoming CEO of Twitter, Linda Yaccarino emphasized the company’s focus on freedom of speech, a topic which is most favored by owner Elon Musk. Yaccarino wrote on Twitter and in a memo to employees, “Twitter is on a...

Investment and ROI

Tech Analysts Say, Chinese Chip Makers can build their own Advanced Chips

Industry analysts are optimistic that Chinese chip makers will develop their own advanced semiconductors despite Washington’s attempts to cut the country off from accessing or manufacturing the technology. Daniel Newman, CEO and principal analyst at research firm Futurum Group said, “I...

Investment and ROI

Britain Announces $1.2 Billion of Support for Semiconductor Industry after US and EU

The UK recently announced up to £1 billion ($1.24 billion) of support for its semiconductor industry to give a push to its domestic chip-making abilities and prevent further disruptions to supply chain systems after the call for help from...

IT and Fintech

Britain’s Competition Regulator Blocks Microsoft’s Acquisition of Activision Blizzard

Britain’s top competition regulator moved to block Microsoft’s $69 billion acquisition of video game publisher Activision Blizzard. The measure marks a significant blow for the US tech company, as it seeks to convince authorities that it will benefit competition. Microsoft said it...

IT and Fintech

Twitter Now Allows its Paid Subscribers to Tweet 10,000 characters

Twitter has announced a new feature that allows its Blue subscribers to tweet up to 10,000 characters messages that will also give them the option of bold and italic formatting. The recent features allow longer content than the short snippets...

IT and Fintech

HSBC announced a deal to buy the UK Subsidiary of collapsed US Silicon Valley Bank

HSBC announced a deal to buy the U.K. arm of collapsed US tech startup lender Silicon Valley Bank. HSBC agreed to buy the SVB U.K. for £1. The transaction excludes the assets and liabilities of SVB U.K.’s parent company. HSBC Group CEO...

IT and Fintech

Goldman CEO Says, Asset and Wealth Management will be New Growth Driver for Bank

Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth...

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