Tag #Technology

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themarker.com

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May 14, 10:10

eToro's IPO Exceeds Expectations, Valued at $4.26 Billion

eToro, a social trading platform, successfully completed its IPO on Thursday, raising $620 million at a post-money valuation of $4.26 billion after overcoming previous regulatory hurdles and a failed 2021 attempt.

eToro's IPO Exceeds Expectations, Valued at $4.26 Billion

eToro, a social trading platform, successfully completed its IPO on Thursday, raising $620 million at a post-money valuation of $4.26 billion after overcoming previous regulatory hurdles and a failed 2021 attempt.

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What was the final valuation of eToro's IPO, and what factors contributed to its success?

eToro, a social trading platform, completed its IPO at a post-money valuation of $4.26 billion, exceeding its initial target range. The offering price was $52 per share, and the company raised $620 million, with half going directly to eToro.

forbes.com

🌐 85% Global Worthiness

May 14, 04:12

Chime Files for IPO, Reveals Strong Revenue Growth and Reduced Losses

Chime, America's largest digital bank, filed for an IPO, reporting $1.7 billion in 2024 revenue (up 30%), a $25 million net loss (down from $203 million in 2023), and a Q1 2025 profit of $13 million; 67% of its 8.6 million monthly active users are considered primary bank customers.

Chime Files for IPO, Reveals Strong Revenue Growth and Reduced Losses

Chime, America's largest digital bank, filed for an IPO, reporting $1.7 billion in 2024 revenue (up 30%), a $25 million net loss (down from $203 million in 2023), and a Q1 2025 profit of $13 million; 67% of its 8.6 million monthly active users are considered primary bank customers.

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What are the key financial highlights from Chime's IPO filing, and what is their immediate significance for the financial markets?

Chime, America's largest digital bank, filed for an IPO, reporting a 30% revenue increase in 2024 to $1.7 billion, and a significant reduction in net losses from $203 million in 2023 to $25 million. In Q1 2025, it reached profitability with $13 million in profit and 32% revenue growth.

kathimerini.gr

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May 14, 13:15

Metlen and Iliad Italia Sign 10-Year Solar Energy Agreement

Metlen, a Greek energy company, signed a 10-year power purchase agreement (PPA) with Iliad Italia to supply 20 GWh of solar energy annually from two 15-MW Italian solar plants starting in late 2025, reducing Iliad's CO2 emissions by over 5,000 tons yearly and advancing both companies' sustainability...

Metlen and Iliad Italia Sign 10-Year Solar Energy Agreement

Metlen, a Greek energy company, signed a 10-year power purchase agreement (PPA) with Iliad Italia to supply 20 GWh of solar energy annually from two 15-MW Italian solar plants starting in late 2025, reducing Iliad's CO2 emissions by over 5,000 tons yearly and advancing both companies' sustainability...

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Affordable and Clean Energy

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How does this partnership contribute to broader sustainability goals in the Italian and European energy sectors?

The agreement marks a significant step towards Iliad's climate commitments and reinforces Metlen's position as a catalyst for Italy's energy transition. The solar energy will be fed into Italy's national grid, covering a substantial portion of Iliad's energy needs and contributing to its European sustainability goals. The project showcases a successful collaboration between a renewable energy provider and a major telecommunications company.

bbc.com

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May 14, 13:14

UK Police Use AI to Catch Stalkers

Cheshire Police is the first UK force using AI in stalking investigations, aiming for earlier suspect identification. The £300,000 AI system, trained using data from the force and the Suzy Lamplugh Trust, analyzes incident reports and flags potential cases, even without the word 'stalking'. The forc...

UK Police Use AI to Catch Stalkers

Cheshire Police is the first UK force using AI in stalking investigations, aiming for earlier suspect identification. The £300,000 AI system, trained using data from the force and the Suzy Lamplugh Trust, analyzes incident reports and flags potential cases, even without the word 'stalking'. The forc...

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Peace, Justice, and Strong Institutions

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What specific data sources and training methods are being used to develop the AI's ability to recognize stalking behaviors accurately?

The AI analyzes incident reports, potentially identifying stalking behaviors while victims are still speaking with call handlers. This contrasts with the current manual review process by the Harm Reduction Unit (HRU), which handles 10 stalking cases daily. The hope is to build cases earlier, leading to more convictions and faster protection for victims.

forbes.com

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May 14, 01:10

New Chip Halves Large Language Model Energy Consumption

Researchers at Oregon State University developed a processing chip that cuts large language model energy use by 50% by using machine learning to correct data transmission errors, reducing data center energy needs.

New Chip Halves Large Language Model Energy Consumption

Researchers at Oregon State University developed a processing chip that cuts large language model energy use by 50% by using machine learning to correct data transmission errors, reducing data center energy needs.

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Industry, Innovation, and Infrastructure

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What are the broader technological and environmental consequences of this chip's ability to reduce energy consumption in AI processing?

The new chip addresses the substantial energy demands of data transmission in large language models by using machine learning for error correction, offering a more efficient alternative to traditional methods. This innovation directly impacts data center sustainability and potentially lowers the environmental footprint of AI.

dailymail.co.uk

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May 14, 13:15

Weight-Loss Injections Show Promise in Extending Lifespans, Preventing Diseases

New weight-loss injections, GLP-1 agonists like Mounjaro and Wegovy, show promise in delaying age-related illnesses and reducing heart attack risk by half, based on a 17,000-patient trial, leading experts to suggest expanded access for up to half of Britons to improve health and longevity.

Weight-Loss Injections Show Promise in Extending Lifespans, Preventing Diseases

New weight-loss injections, GLP-1 agonists like Mounjaro and Wegovy, show promise in delaying age-related illnesses and reducing heart attack risk by half, based on a 17,000-patient trial, leading experts to suggest expanded access for up to half of Britons to improve health and longevity.

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Good Health and Well-being

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What are the potential long-term societal and economic impacts of widespread adoption of GLP-1 agonists, considering both benefits and challenges?

The potential widespread adoption of GLP-1 agonists could strain healthcare systems due to increased demand and costs. However, the long-term preventative benefits, including reduced need for other medications and procedures, could offset these costs. The development of an oral alternative to injections may improve patient compliance and reduce side effects, further increasing the potential impact on public health.

theglobeandmail.com

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May 14, 16:10

Tencent's Q1 Revenue Surges 13% on Gaming, AI Growth

Tencent Holdings announced a 13% increase in first-quarter revenue to 180 billion yuan ($24.97 billion), exceeding analysts' expectations, driven by strong growth in gaming and AI-enhanced advertising. Domestic gaming revenue rose by 24% to 42.9 billion yuan, while marketing services revenue increas...

Tencent's Q1 Revenue Surges 13% on Gaming, AI Growth

Tencent Holdings announced a 13% increase in first-quarter revenue to 180 billion yuan ($24.97 billion), exceeding analysts' expectations, driven by strong growth in gaming and AI-enhanced advertising. Domestic gaming revenue rose by 24% to 42.9 billion yuan, while marketing services revenue increas...

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What were the key factors driving Tencent's 13% revenue growth in the first quarter?

Tencent Holdings reported a 13% rise in first-quarter revenue to 180 billion yuan ($24.97 billion), exceeding analyst expectations. This growth was driven by strong performance in gaming and AI-enhanced advertising, with domestic gaming revenue up 24% to 42.9 billion yuan.

t24.com.tr

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May 14, 13:15

Shark Guitars: Turkish Startup Aims to Disrupt \$3 Billion Electric Guitar Market

Turkish electric guitar maker Shark, founded by rock musician Cem Köksal, is launching retail sales and a new funding round after a five-year development process, aiming for a 10% market share in the high-end segment of a \$3.3 billion global market.

Shark Guitars: Turkish Startup Aims to Disrupt \$3 Billion Electric Guitar Market

Turkish electric guitar maker Shark, founded by rock musician Cem Köksal, is launching retail sales and a new funding round after a five-year development process, aiming for a 10% market share in the high-end segment of a \$3.3 billion global market.

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What is the significance of Shark's entry into the global electric guitar market, considering its innovative design and projected retail price?

Shark, a Turkish electric guitar manufacturer, is preparing to launch retail sales and a new funding round, aiming to disrupt the \$3 billion global market with its customizable instruments. The company's modular guitars feature interchangeable bodies, necks, and pickup systems, integrated effect pedals, and audio processing technology. Production is set to begin in the next few months.

elmundo.es

🌐 85% Global Worthiness

May 14, 04:12

AI Bias: Amplifying Societal Inequalities

AI systems trained on biased data perpetuate and amplify societal inequalities, impacting hiring, loan applications, and medical diagnoses; researchers are exploring mitigation techniques, while the EU's AI Act aims for responsible implementation.

AI Bias: Amplifying Societal Inequalities

AI systems trained on biased data perpetuate and amplify societal inequalities, impacting hiring, loan applications, and medical diagnoses; researchers are exploring mitigation techniques, while the EU's AI Act aims for responsible implementation.

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What specific techniques are being explored to mitigate bias in AI algorithms, and what are their limitations?

AI systems inherit biases present in their training data, amplifying existing societal inequalities in areas like hiring, loan applications, and medical diagnoses.

us.cnn.com

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May 14, 13:14

Trump Secures $600 Billion in AI Deals with Saudi Arabia

President Trump's visit to Saudi Arabia resulted in approximately $600 billion in AI-related deals between US tech giants and Saudi Arabian entities, marking a shift from previous US policies and highlighting the growing importance of AI in international relations and economic diversification.

Trump Secures $600 Billion in AI Deals with Saudi Arabia

President Trump's visit to Saudi Arabia resulted in approximately $600 billion in AI-related deals between US tech giants and Saudi Arabian entities, marking a shift from previous US policies and highlighting the growing importance of AI in international relations and economic diversification.

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Industry, Innovation, and Infrastructure

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What are the potential long-term geopolitical and economic consequences of the US-Saudi AI partnership?

This shift in US policy towards AI chip sales to Saudi Arabia and other Gulf nations could lead to increased dependence on American technology in the region, potentially affecting future geopolitical dynamics. The deals demonstrate the potential for AI to be used as a tool in international diplomacy and economic competition, influencing national strategic objectives. Further impacts will depend on the long-term success of the AI projects and the evolving geopolitical landscape.

africa.chinadaily.com.cn

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May 14, 10:10

China's Vehicle Subsidy Programs Boost Economic Activity

As of May 11, 2025, China received 3.23 million vehicle renewal subsidy applications and over 10 million trade-in subsidy applications since the program's 2024 launch, boosting consumer spending and economic recovery, with regional variations in implementation strategies.

China's Vehicle Subsidy Programs Boost Economic Activity

As of May 11, 2025, China received 3.23 million vehicle renewal subsidy applications and over 10 million trade-in subsidy applications since the program's 2024 launch, boosting consumer spending and economic recovery, with regional variations in implementation strategies.

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What is the impact of China's vehicle renewal and trade-in subsidy programs on consumer spending and economic activity?

By May 11, 2025, approximately 3.23 million applications for vehicle renewal subsidies were received in China, exceeding 10 million for vehicle trade-in subsidies since the policy's 2024 launch. This demonstrates significant consumer participation in government incentive programs aimed at boosting economic activity.

themarker.com

🌐 85% Global Worthiness

May 14, 13:15

Nebius Wins Israeli National Supercomputer Tender

Nebius, a European cloud computing company founded by Arkady Volozh, won the tender to build Israel's national supercomputer for AI research and development, a project valued at over 500 million shekels with a 160 million shekel government grant, after years of delays and a previous failed attempt.

Nebius Wins Israeli National Supercomputer Tender

Nebius, a European cloud computing company founded by Arkady Volozh, won the tender to build Israel's national supercomputer for AI research and development, a project valued at over 500 million shekels with a 160 million shekel government grant, after years of delays and a previous failed attempt.

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What is the significance of Nebius winning the tender to build Israel's national supercomputer for AI research and development?

Nebius", a European cloud computing company, has won a tender to build Israel's national supercomputer, a project involving over 500 million shekels, including a 160 million shekel government grant. The supercomputer will serve Israel's AI research and development community, with Nebius promising to deliver significantly more computing power than initially required by early 2026.

Showing 1,981 to 1,992 of 12,372 results