A look at the day ahead in Asian markets from Jamie McGeever. The recovery from this month’s banking shock is gathering momentum and looks like it will roll into Thursday, leaving investors free to pick up where they left off on Wednesday as there are no major economic or policy events on the Asian calendar. […]
Big Tech
Apple Inc on Tuesday launched its “buy now, pay later” (BNPL) service in the United States, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna. The service, Apple Pay Later, will allow users to split purchases into four payments spread over six weeks with […]
Canada on Tuesday sought to close competitive gaps with United States with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric-vehicle (EV) manufacturers and expanding the electricity grid. The 2023-2024 fiscal document, delivered to the House of Commons, also has a “grocery rebate” for 11 million low-income Canadians, an […]
Microsoft Corp on Tuesday launched a tool to help cybersecurity professionals identify breaches, threat signals and better analyze data, using OpenAI’s latest GPT-4 generative artificial intelligence model. The tool, named ‘Security Copilot’, is a simple prompt box that will help security analysts with tasks like summarizing incidents, analyzing vulnerabilities and sharing information with co-workers on […]
Activity at Binance was a pretty clear case of evasion and U.S. authorities needed to step in aggressively and as quickly as possible, the chairman of the Commodity Futures Trading Commission said on Tuesday. The U.S. agency sued Binance, the world’s largest crypto exchange, on Monday. “This seemed to be a pretty clear case of […]
Microsoft Corp has offered to change its cloud computing practices to settle antitrust complaints filed by smaller rivals, a person with direct knowledge of the matter said on Tuesday, a move that will stave off an EU investigation. French cloud computing services provider OVHcloud, Italian cloud service provider Aruba and a Danish association of cloud […]
A buyer for Silicon Valley Bank’s deposits and loans helped shares in European lenders mount a partial recovery on Monday, after the sector was hammered last week by worries of systemic bank stress and a credit crunch. There are also hopes for extra support for bank funding, after Bloomberg News reported U.S. authorities were in […]
Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies’ hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two decades […]
Generative artificial intelligence has become a buzzword this year, capturing the public’s fancy and sparking a rush among Microsoft and Alphabet to launch products with technology they believe will change the nature of work. Here is everything you need to know about this technology. WHAT IS GENERATIVE AI? Like other forms of artificial intelligence, generative […]
Amazon.com plans to launch its first internet satellites to space in the first half of 2024 and offer initial commercial tests shortly after, the company said Tuesday, as it prepares to vie with Elon Musk’s SpaceX and others to provide broadband internet globally. Amazon’s satellite internet unit, Project Kuiper, will begin mass-producing the satellites later […]