Tag Archives: Business News

CoinspeakerChinese Project Zhipu AI Sees Huge Boost, Gets Meituan Funding Zhipu AI was founded in 2019 as a creative invention by the Chinese prestigious Tsinghua University. Chinese Project Zhipu AI Sees Huge Boost, Gets Meituan Funding

CoinspeakerCarvana (CVNA) Shares Jump Over 23% after Announcing Debt Reduction Deal and Record Q2 Earnings Carvana announced that it had signed a deal with noteholders to reduce its total debt outstanding by over $1.2 billion, which strengthens its financial position. Carvana (CVNA) Shares Jump Over 23% after Announcing Debt Reduction Deal and Record Q2 Earnings

CoinspeakerIndia’s Tata Group Partners with UK Government to Invest Over $5B in Battery-Making Factory The UK Tata factory should begin production by 2026, and supply nearly half of the country's 2030 EV battery demand estimate. India’s Tata Group Partners with UK Government to Invest Over $5B in Battery-Making Factory

CoinspeakerOpenAI Commits $5M to American Journalism Project to Drive Innovation in Local News As part of the collaboration with AJP, OpenAI will not only provide $5 million in financial support to the NGO foundation but also offer AJP access to its suites of products. OpenAI Commits $5M to American Journalism Project to Drive Innovation in Local News

CoinspeakerSoftBank Group Invests Heavily in British AI Insurer Tractable With this investment, SoftBank Group and Tractable are poised to reshape the future of insurance through the power of AI. SoftBank Group Invests Heavily in British AI Insurer Tractable

CoinspeakerRobinhood Eyes UK Market with New Hirings Already Underway Robinhood Markets has listed three jobs for the UK market including a Compliance Officer, Operations Lead, and Senior Risk and Compliance Associate. Robinhood Eyes UK Market with New Hirings Already Underway

CoinspeakerTSMC Expected to See 27% Decline in Q2 Net Profit amid Global Economic Woes Despite the hurdles, TSMC remains positive about the future as the demand for AI applications rises steadily. TSMC Expected to See 27% Decline in Q2 Net Profit amid Global Economic Woes

CoinspeakerBiren Intelligent Technology Exploring IPO amid Rising AI Hype As the IPO landscape evolves and market conditions change, it is possible that Biren’s plans may be subject to further adjustments. Biren Intelligent Technology Exploring IPO amid Rising AI Hype

CoinspeakerJust Like Twitter, Threads Introduces ‘Rate Limits’ to Combat Bots Elon Musk reacted stating that Threads has been just copying Twitter at every end. Earlier this month, Twitter was the first to implement rate limits to prevent excessive scrapping of information by external organizations. Just Like Twitter, Threads Introduces ‘Rate Limits’ to Combat Bots

CoinspeakerChina’s Largest Indebted Property Developer Evergrande Reports $81B Loss in Two Years As Evergrande grapples with its financial challenges, the company has been actively pursuing an offshore debt restructuring plan. China’s Largest Indebted Property Developer Evergrande Reports $81B Loss in Two Years