Feb 1 (Reuters) – ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, said an average of about …
ChatGPT sets record for fastest-growing user base – analyst note Read More »
Federal Reserve hikes rates by 25 bps Powell says for first time disinflation has started Indexes up: Dow 0.02%, S&P 1.05%, Nasdaq 2% Feb 1 (Reuters) – The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve Chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made …
Wall St rallies as Fed’s Powell nodes to ease inflation after rate hike Read More »
Credit Agricole CIB has declared two quantum computing experiments – one investigating the valuation of financial products, the other the assessment of credit risks – a success. The bank teamed up with French quantum computer manufacturer Pasqal and Spanish quantum algorithm specialist Multiverse Computing 18 months ago on the experiments. The first assessed the performance …
Credit Agricole CIB hails quantum computing experiment results Read More »
SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry -wide price war. The company is focusing resources on ramping up vehicle production and reaching …
Exclusive: EV maker Rivian to cut 6% of jobs amid price war -internal memo Read More »
Feb 1 (Reuters) – PayPal Holdings Inc (PYPL.O) will need to cut more costs with its payment volumes expected to shrink as customers batten down the hatches to prepare for a potential economic downturn, said Wall Street analysts, warning of a tough year ahead. The San Jose, California-based digital payments company said on Tuesday it …
PayPal’s rocky road ahead warrants more cost cuts, Wall Street says Read More »
One of the things I love about my research is talking to organizations about how technology will change the way they do things in the future, and then working with my team to create technology to prove concepts. We think about the direction technology is going in, and what that means for organizations right now. …
AR and VR could revolutionize the customer experience in the fintech sector Read More »
LONDON, Feb 1 (Reuters) – The end of the easy-cash era is over and its impact yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high inflation has passed. US and UK central banks are unwinding stimulus further by offloading bonds they hold, and the European Central Bank …
Jan 31 (Reuters) – Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5% of base pay for …
Intel slashes employee, exec pay amid PC market downturn Read More »
WASHINGTON, Jan 31 (Reuters) – The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence (AI). Washington wants to deploy more Western mobile phone networks in the subcontinent to counter China’s Huawei Technologies Co Ltd …
US, India partnership targets arms and AI to compete with China Read More »
WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday the US Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver-assistance systems as regulatory scrutiny intensifies. The automaker said in a filing it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features.” Reuters …
US seeks Tesla driver-assist documents; company hikes capex forecast Read More »
