Fintech News
Samsung to Research South Korea’s CBDC for Offline Payments
South Korean tech giant Samsung has announced that it will be collaborating with the country’s central bank to research the use of…
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Fintech News
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Silvergate Bank initiates NYSE delisting proceedings amid plans to lay off 230 employees
Silvergate Capital, the parent company of the defunct Silvergate Bank, has revealed that 230 employees will be let go as it prepares…
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Wealth Technologies: The Future of Wealth Management
Over the past two days, the 3rd and 4th of May, the 3rd Annual Middle East WealthTech Forum & Awards was concluded,…
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Chinese Province Introduces Plan to Adopt Digital Yuan
Chinese provinces are taking further steps towards digital yuan adoption as the central bank digital currency (CBDC) continues to be used in…
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Google Announces Launch of Google DeepMind to Accelerate Progress in AI
Alphabet, the parent company of Google, has unveiled Google DeepMind, a new group focused on advancing artificial intelligence (AI). The group brings…
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Elon Musk Unveils New AI Company
Reports have emerged that Tesla and SpaceX CEO Elon Musk is setting up X.AI Corp, a new artificial intelligence (AI) company that…
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Google’s AI Competitor to ChatGPT faces internal opposition: Report
Artificial Intelligence (AI) technology is being met with resistance as more people express concerns about its impact on society. With AI chatbot…
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Meta’s AI-Powered Picture Analysis Tool Can Identify and Separate Objects
After the collapse of its Metaverse ambitions, Meta (formerly known as Facebook) announced its latest project called the Segment Anything Model. This…
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US President Biden Asks Tech Companies to Address the Potential Risks of Artificial Intelligence
On Tuesday, United States President Joe Biden expressed concerns over the safety of artificial intelligence (AI) and urged technology firms to ensure…
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El Salvador’s President to Propose Bill Eliminating Taxes on AI and Tech Innovations
El Salvador’s President Nayib Bukele has announced plans to propose a bill to Congress that would abolish taxes on technology innovation, computing,…
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GISEC Global 2023 draws prominent international cybersecurity leaders to address US$2 trillion market
Middle East’s largest and most impactful cybersecurity event to feature a record 500-plus exhibiting brands from 53 countries New Hack-O-Sphere to gather…
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UAE Moves to Facilitate Digital Payments with CBDC
UAE aims to introduce central bank digital currency (CBDC) and create a secure and transparent platform for domestic and cross-border payments, and…