Category Archives: (KFGO The Mighty 790) Technology
Venture capital firm NXTP to target Brazil, Mexico tech startups with $98 million fund
By Kylie Madry MEXICO CITY (Reuters) - Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday. Despit...
Nov 28, 2023
GM to cut spending on Cruise after accident – FT
(Reuters) -General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday. GM and Cruise did not immediately respo...
Nov 28, 2023
UK regulator says Adobe’s $20 billion Figma deal could harm sector
(Reuters) -Britain's competition regulator said on Tuesday Photoshop owner Adobe's $20 billion buyout of cloud-based designer platform Figma could harm innovation for software used by the vast majorit...
Nov 28, 2023
Alibaba Health Information Technology to buy AJK Technology for $1.73 billion
(Reuters) - Investment holding company Alibaba Health Information Technology Ltd said on Tuesday it would buy entire stake in AJK Technology Holding Ltd from a unit of Alibaba Group Holding for HK$13....
Nov 28, 2023
Fintech Clara launches payment account in Brazil eyeing $1 billion in transactions
SAO PAULO (Reuters) - Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach 6 billion reais ($1.23 billion) in transactions in 2024, the firm said on...
Nov 28, 2023
Analysis-In spot bitcoin ETF race, some pioneers stick to the sidelines
By Suzanne McGee (Reuters) - Despite growing excitement that spot bitcoin exchange-traded funds (ETFs) will soon win regulatory approval, some cryptocurrency ETF pioneers plan to sit out what is expec...
Nov 28, 2023
China’s BOE Technology to set up AMOLED production line worth $8.8 billion
BEIJING (Reuters) - BOE Technology Group Co Ltd said on Tuesday that it and partners plan to invest 63 billion yuan ($8.81 billion) to set up AMOLED production line in the southwestern Chinese city of...
Nov 28, 2023
Global regulators to assess if more crypto safeguards needed
LONDON (Reuters) - More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesd...
Nov 28, 2023
AI threatens wages, not jobs – so far, ECB paper finds
FRANKFURT (Reuters) - The rapid adoption of artificial intelligence could reduce wages, but so far is creating, not destroying jobs, especially for the young and highly-skilled, research published by ...
Nov 28, 2023
Atos mulls asset sales, moves to modify terms of Tech Foundations sale
By Diana Mandia (Reuters) - Atos said on Tuesday it was considering further asset sales to address its capital raising plan and debt maturing in 2025, and was in talks to modify the terms of a deal to...
Nov 28, 2023
