Anamika Dey, editor Brief news OpenAI has secured a $4 billion revolving line of credit, boosting its total liquidity to over $10 billion, following a […]
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Revolut, a digital bank, accuses Meta for its handling of frauds and claims the internet giant need to reimburse victims.
Nandini Roy Choudhury, writer Brief news Revolut criticized Meta’s approach to fraud prevention, urging for direct compensation to scam victims on its platforms. Revolut’s chief […]
Goldman-backed Starling Bank fined $38.5 million for financial crime prevention deficiencies.
Anamika Dey, editor Brief news Starling Bank was fined £29 million by the FCA for deficiencies in financial crime prevention, including failing to screen high-risk […]
To combat frauds, Facebook’s owner Meta strikes a data-sharing agreement with UK banks.
Anamika Dey, editor Brief news Meta is collaborating with NatWest and Metro Bank to establish an information-sharing agreement aimed at combating fraud and protecting consumers […]
A port strike may exacerbate inflation, with the broader economic consequences contingent upon its duration.
Sonali Ray, writer Brief news A strike at East and Gulf coast ports may raise costs for food and consumer goods but is expected to […]
Microsoft has improved Wi-Fi and energy efficiency in its latest Windows 11 upgrade.
Nandini Roy Choudhury, writer Brief news Microsoft is releasing a comprehensive update for Windows 11, version 24H2, enhancing key PC functions and features until October […]
Chinese EV companies Li Auto and Zeekr claim record September deliveries.
Sonali Ray, writer Brief news Li Auto and Zeekr achieved record vehicle deliveries in September, with Li Auto at 53,709 and Zeekr at 21,333. New […]
China’s stock boom resembles 2015’s bubble. What’s changed now?
Sonali Ray, writer Brief news Chinese equities have surged over 8%, driven by stimulus expectations, with trading volumes surpassing previous peaks, but analysts assert this […]
Cybersecurity business Proofpoint contemplates pre-IPO fundraising for a public market return
Anamika Dey, editor Brief news Proofpoint is exploring mergers and acquisitions of smaller cybersecurity firms and seeking pre-IPO financing to return to public markets by […]
Google will spend $1 billion in Thailand on a data center and AI expansion
Nandini Roy Choudhury, writer Brief news Google is investing $1 billion to expand cloud infrastructure and establish its first data center in Thailand, focusing on […]