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Big Tech companies efforts around artificial intelligence AI are reportedly getting聽a largely negative聽reception on Wall Street.In the days since their most recent earnings reports,聽Amazon,聽Microsoft and聽Alphabet have seen their share prices decline, Bloomberg聽reported Friday Aug. 2 .These companies failed to show that they are gaining sales from their investments in AI infrastructure, according to the report.Meta Platforms, on the other hand, reported second-quarter revenue that exceeded expectations, with CEO聽Mark Zuckerberg saying that the companys investment in AI has paid off in the form of better ad targeting and content recommendations, per the report.Meta also surprised analysts b stanley canada y raising its forecast for AI investments, the report said.Zuckerberg said in a July interview that companies are making rational decisions to invest in AI, as they must position themselves for the most important technology for the next 10 to 15 years, per the report.For the most part, though, the trend is toward growing investor concern that companies profits from generative AI may not be enough stanley cup to justify the investments they have made in AI infrastructure, according to the report.These concerns have also impacted the companies that make the chips that power AI, the report said.To turn things around, companies must develop more significant use cases for generative AI, beyond the incremental improvements they have unv stanley uk eiled so far, per the report.Tech giants and startups alike are both r Fhhu The MiCA Framework Seeks to Govern Stablecoin Issuance in EU
Techstars and Barclays are launching yet another accelerator program, this time in Cape Town, South Africa. And the application window for interested parties is now open.The partnership was announced the launch this week and will work with Africas FinTech entrepreneurs to聽take aim at discovering and creating the next M-Pesa or Paypal.Barclays and Techstars have been working together on opening up new accelerator programs across the world, including one recently in Tel Aviv. The Israeli city is considered to be one of, if not, the hottest places driving FinTech in stanley becher itiatives and innovation.The new Cape Town initiative will be a collaboration between Barclays Africa and Techstars, where 10 qualifying FinTech startups will have the opportunity to participate in a 13-week program starting in May 2017. Representatives at Techstars, which to date has invested in more than 900 startups, said the accelerator pushes for a years stanley cup worth of work and traction in just three months.The startups will be based in the Rise FinTech innovation hub, which is located in the Woodstock area of Cape Town. Those selected will be granted the opportunity to work with the specialized curriculum, have access to mentors provided by Techstars, and enter or expand their footprint in Africa through Barclays Africa Group team focused on the customer, product and technology. They stanley us will also have access to scaling globally through the Rise locations in Europe, U.S., India and Lithuania. Africa has tremendous untappe |
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