Executive director of Germany’s Federal Financial Supervisory Authority (BaFin), Birgit Rodolphe, has appealed for novel and comprehensive regulation of the decentralized finance (DeFi) sector across the European Union and to create a consistent DeFi EU regulation. BaFin is Germany’s financial regulator, in charge of overseeing banks, insurance companies, and other financial organizations, which includes everything […]
Search results for "big tech companies"
Uber Technologies Inc on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app. The announcements are part of Uber’s annual product event where the ride-hail and food delivery company showcases the latest updates to its […]
Data-driven applications and use cases have literally exploded in numbers in the last decade. Business and data analytics, artificial intelligence, internet of things, machine-to-machine applications, augmented and virtual reality, medical diagnostics, are just some examples among many more. This type of services has been increasingly relying on the availability of proper computational resources and software […]
No one yet knows what exactly the Metaverse will look like. Large companies are pouring not millions but billions of investment money to stake their claim on the Metaverse before it fully materializes, Among the tech giants most invested in the Metaverse, Qualcomm. Meta, formerly Facebook, has sunk over $3 billion “laying the groundwork” for […]
The prospect of being replaced by robots or AI has long lived in the collective human psyche. From science fiction novels to economic influencers and doomers, they all see some future where humans must contend with mass automation and job loss brought by the 4th industrial revolution and its effect on employment. While arguments about […]
Elon Musk’s decision to accept some foreign investors as part of his $44 billion buyout of Twitter Inc runs the risk of inviting the kind of regulatory scrutiny over U.S. national security that social media peer TikTok faced, legal experts say. Musk disclosed on Thursday that Saudi Arabia’s Prince Alwaleed bin Talal, Qatar’s sovereign wealth […]
A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility. The S&P 500 index dropped 3.6 percent on Thursday, a day after racing 3.0 percent higher on the Federal Reserve’s monetary policy statement. Over the last five sessions, the index […]
CATL, the world’s largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries, an investment that would mark the Chinese company’s first production in the world’s second-largest car market, two people with knowledge of the plans told Reuters. Contemporary Amperex Technology Co (CATL) is in […]
The smartification pandemic has massively hit vehicle software intelligence in automotive industry. All areas from car manufacturing to the tiniest component of the resulting vehicle have witnessed an overhaul that rely on artificial intelligence (AI)-based operational optimization. Power delivery, predictive component performance, assistant/autonomous driving are just a few instances exemplifying the radical change in progress. […]
According to a report by Citi GPS, the Metaverse will be worth 8 to 13 trillion dollars, but a major infrastructure investment by tech companies is needed in order to reach this market potential. The entire addressable market for the Metaverse is estimated to be between $8 and $13 trillion, according to Citi’s latest Global […]