Archive

Generative AI Frenzy Pushes Nvidia Market Capitalization Past US$1T Mark

Nvidia reached a market capitalization of more than US$1 trillion early this month, becoming the ninth company in history and the world’s first chipmaker to cross that threshold, according to Bloomberg and the Guardian. The company joined fellow tech companies

Read More

Thomson Reuters Acquires AI Legaltech Casetext for $650 Million in Cash

Thomson Reuters announced it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash. The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives,

Read More

SAP Fioneer Rolls Out Customisable SME Banking Solution

SAP Fioneer, a global provider of financial services software solutions and platforms, has announced the launch of its tailored small and medium-sized enterprise (SME) banking offering. As a unique end-to-end solution, the Fioneer SME Banking Edition covers front-to-back capabilities and seamlessly

Read More

Bitcoin Crosses US$30K Mark Following Slew of Spot ETF Announcements

The price of bitcoin crossed the US$30,000 mark last week, driven by investors’ excitement about the prospects of high-profile investment firms jumping deeper into digital assets by launching spot crypto exchange-traded funds (ETFs). Bitcoin, the world’s largest cryptocurrency by market

Read More

Mastercard Accelerates Go-To-Market Opportunities for Blockchain Innovation

Expanded Mastercard Engage partner network will help scale digital assets and blockchain technology, and meet continued ecosystem demand As Marstercard continues to embrace new and emerging payments technology such as crypto, Mastercard is introducing a new track as part of

Read More

Generative AI to Produce up to US$340B Yearly in Additional Revenues for the Banking Sector

Generative artificial intelligence (AI) is expected to have a significant impact across all industry sectors but banking will be among those the most impacted, a new report by McKinsey and Company says. Estimates by the consultancy show that the technology

Read More

Fintech Was Sequoia Capital’s Top Investment Category in 2022

2022 was a challenging year for the fintech sector. Funding dried up, stocks plunged and many companies were forced to shut down or sell themselves. But despite a trying environment that was marked by an uncertain economic picture and growing

Read More

EPAM Announces Strategic AI Partnership With Google Cloud

EPAM Systems, a digital transformation services and product engineering company, announced a strategic, global partnership with Google Cloud to develop and deploy Artificial Intelligence (AI)-first Google Cloud solutions to help enterprises overcome operational challenges and drive transformational growth. Through this

Read More

Nasdaq Finalizes $10.5B Deal to Buy Adenza From Thoma Bravo

NASDAQ will acquire Risk Management company Adenza from US Private Equity company Thoma Bravo in a US$10.5 billion cash and common stock deal. Holden Spaht, a Managing Partner at Thoma Bravo, Adenza’s parent firm, is anticipated to join an expanded NASDAQ

Read More

Illicit Crypto Volume Reaches All-Time High Despite Markets Slump

In spite of a market downturn and a prolonged “crypto winter”, the volume of illicit cryptocurrency transactions continued to rise in 2022, reaching an all-time high of US$20.6 billion, new data released by blockchain analysis firm Chainalysis show. The sum

Read More