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31 Jul 2024

Ooredoo Reports Mixed Financial Results for H1 2023

Ooredoo, a leading telecommunications company, announces a 4% increase in net profits for the first half of 2023, despite a decrease in total assets. The company's normalised net profit shows a 14% growth, reaching $520 million.

2 Sources

AlgosOne AI Achieves Breakthrough in AI Trading Technology

AlgosOne AI, a leading AI trading company, announces a major technological breakthrough in its AI trading system. The innovation promises to revolutionize the financial trading landscape with improved performance and efficiency.

2 Sources

Africa's Business Heroes Announces Top 50 Finalists for 2024 Prize Competition

The Africa's Business Heroes (ABH) prize competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has revealed its top 50 finalists for the 2024 edition. The competition aims to support and inspire the next generation of African entrepreneurs.

2 Sources

Upstart Holdings Sees Surge in Stock Price Amid Analyst Ratings and Improving Credit Conditions

Upstart Holdings experiences a significant stock price increase following analyst ratings and reports of improving credit conditions. The AI lending platform attracts attention from various financial institutions.

2 Sources

Microsoft Rewards Employees with One-Time Cash Bonus Following Record Profits

Microsoft announces a special one-time cash award for employees, amounting to up to 25% of their annual bonus, following the company's record-breaking fourth-quarter earnings.

3 Sources

The Transformative Impact of Generative AI Across Industries: From Automotive to Insurance

Generative AI is reshaping various sectors globally, from automotive innovation to insurance transformation. This article explores Gartner's predictions, the technology's impact on different industries, and its growth in the Asia-Pacific market.

5 Sources

Semiconductor and AI Stocks: ASE Technology Faces Headwinds While C3.ai Rides AI Hype

ASE Technology Holding experiences strengthening headwinds in the semiconductor industry, while C3.ai sees a stock rally amid AI industry tailwinds and hype.

2 Sources

Taiwan's Economy Surges in Q2 2024, Driven by AI Boom and Export Growth

Taiwan's economy experienced robust growth in Q2 2024, with GDP expanding by 5.09% year-on-year. The surge was primarily fueled by strong exports, particularly in the semiconductor sector, boosted by the global AI boom.

4 Sources

Uxin Reports Mixed Financial Results for Q4 and Fiscal Year 2024

Uxin Limited, a leading Chinese e-commerce platform for used cars, has released its unaudited financial results for the fourth quarter and fiscal year 2024, showing revenue growth but continued losses.

3 Sources

Bitrue Pioneers World's First Listings of Three ICP-Based Tokens

Cryptocurrency exchange Bitrue announces the world-first listings of three tokens built on the Internet Computer Protocol (ICP), marking a significant milestone in the expansion of the ICP ecosystem.

2 Sources

Leotek Acquires Dialight's Traffic Business, Aims to Lead AI City Management in the Americas

Leotek Electronics USA LLC has acquired the traffic signal business from Dialight Plc, positioning itself as a top provider of traffic signal solutions for efficient, low-carbon AI city management in the Americas.

2 Sources

The AI Debate: Balancing Progress and Precaution

As artificial intelligence rapidly advances, experts and policymakers grapple with potential risks and benefits. The debate centers on how to regulate AI development while fostering innovation.

2 Sources

Nine Entertainment Journalists End Five-Day Strike with Pay Agreement

Journalists at Nine Entertainment have reached an in-principle pay agreement after a five-day strike, addressing concerns over wages and the use of artificial intelligence in newsrooms.

2 Sources

Satya Nadella's Leadership Transforms Microsoft into a $3 Trillion AI Powerhouse

Microsoft CEO Satya Nadella's "learn-it-all" culture and strategic AI investments have propelled the company to new heights, reaching a $3 trillion market valuation and positioning it as a leader in the AI revolution.

2 Sources

Nvidia vs. Palantir: AI Stock Showdown Amid Market Shifts

As the AI market heats up, investors are weighing their options between industry giants like Nvidia and rising stars like Palantir. Recent stock movements and billionaire investments are shaping the landscape of AI investments.

2 Sources

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