Governance
Top tech news stories today: July 5, 2024
Huawei Cloud CEO Zhang Ping’an dismissed AI chip shortage concerns, emphasising Huawei’s Ascend AI chip and computing solutions.
Headline
Huawei Cloud CEO Zhang Ping’an dismissed AI chip shortage concerns, emphasising Huawei’s Ascend AI chip and computing solutions.
Context
Bitcoin fell to $57,843, a two-month low, driven by election uncertainty and the potential sale of bitcoin by Mt. Gox creditors. The cryptocurrency has lost over 21% since mid-March. ( Reuters ) Crypto startup Hamilton launched tokenised U.S. Treasury bonds on bitcoin layer-2 blockchains, including Stacks, Core, and BoB. The first HUST transaction occurred on July 4. ( Cointelegraph )
Evidence
Pending intelligence enrichment.
Analysis
Gupshup and Tonik Bank launched a Generative AI chatbot for the Tonik app, automating 75% of customer queries and boosting efficiency by over four times. The chatbot, using Gupshup’s ACE LLM technology, is expected to save Tonik Bank $20 million over three years. ( Fintech Global ) Vivid Money, an European financial platform, acquired Pile Capital’s treasury solution to enhance offerings for SMEs. This acquisition, starting July 2, integrates Pile’s innovative financial dashboard into Vivid’s services, expanding Vivid’s SME market reach. ( Fintech Global ) Samsung Electronics estimated a 15-fold rise in Q2 operating profit to 10.4 trillion won ($7.54 billion), driven by rebounding semiconductor prices and AI demand. This beat the 8.8 trillion won forecast and marks its most profitable quarter since Q3 2022. ( Reuters ) Microsoft agreed to a $14.4 million settlement over allegations of retaliation and discrimination against employees on protected leave, including parental and disability leave. The California Civil Rights Department’s investigation found affected employees received lower bonuses and unfavorable reviews, impacting merit pay and promotions. ( AP News )
Key Points
- Crypto
- 1. Bitcoin hits 2-month low on election uncertainty, Mt Gox flows
- 2. Crypto startup launches tokenised US Treasury bonds on bitcoin layer-2s
- Fintech
- 3. Gupshup and Tonik Bank innovate digital banking with new Generative AI chatbot
Actions
Pending intelligence enrichment.
