As companies big and small continue to invest in it and develop their expertise, artificial intelligence has a bright future ahead even though it may still be in its nascent stage, says a senior executive at Chinese tech giant Tencent. He was very bullish about A.I. and a big proponent of offering A.I. as a service,…
A $100 million funding from Japanese telecommunications firm SoftBank Corp — a subsidiary of SoftBank Group was secured by Cybereason, a Boston-based cybersecurity firm specializing in end-point detection and response to digital security breaches, the company announced on Wednesday. The backers of the start-up also include Charles River Ventures, Lockheed Martin and Spark Capital and the start-up has raised…
A corporate culture that has long favored quiet chats over splashy headlines is being shaken up as activist funds are targeting other Australian firms and as BHP Billiton fends off the attention of Elliott Management. In an effort to improve returns, and in order to pressure corporate boards criticized as clubby and conservative, activist investors…
According to Luc Frieden, who has held several portfolios within the Luxembourg cabinet over the past few decades, U.K. financial services firms will definitely not be able to carry on business as normal within the European Union (EU) after it leaves the bloc. “We need a strong partnership with the United Kingdom, it’s our neighbor…
As volatility climbs following a record-setting surge in the price, bitcoin was put on pace for its worst week since January 2015 after the digital currency sank as much as 19 percent. In intraday trading, the cryptocurrency has retreated to as low as $2,076.16 after flirting with $3,000 on Monday. There have bene fall in…
The creation of a separate business for its equity, debt and leveraged capital markets operations, are among the plans that Deutsche Bank AG is making to create a completely new structure for its corporate and investment banking division, the bank announced recently. Appointed as co-heads of the bank’s newly-combined investment banking and trading units earlier…
In order to better shield sensitive technologies seen as vital to U.S. national security, current and former U.S. officials told the media that the United States appears poised to heighten scrutiny of Chinese investment in Silicon Valley. The fields like artificial intelligence and machine learning have increasingly attracted Chinese capital in recent years and therefore…
Libya’s crude output could soar as its state oil company moved toward resolving a dispute. But putting at risk political reconciliation between the nation’s rival factions and a tentative rebound in its oil production is the regional crisis over Qatar has spilled over into Libya. In a step forward in a dispute that was shutting…
Ahead of an anticipated interest rate increase from the Federal Reserve, while short-dated U.S. bond yields briefly hit multi-week highs, world stock markets rose as technology shares recovered from a recent sell-off. Record closing highs was set by the S&P 500, Dow industrials and Russell 2000. The spotlight was put on areas of the stock…
While Westminster comes to terms with a hung parliament, Britain was plunged deep into political uncertainty after last week’s inconclusive General Election. It is therefore important to understand the impact on investors over the coming months because of this. “Clearly the pound is a little bit weaker, I think it’s going to bounce around for…
