Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say

AMSTERDAM — The financial technology industry is embracing a new normal — with some industry executives and investors believing the sector has reached a “bottom.” Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry’s heyday in 2020 and 2021. Long gone […]

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EU Tech Investment Blossoms After Two-Year Drought

Tech investments in Europe are reportedly in bloom after a long fallow period. This turnaround is the subject of a report Monday (June 3) by the Financial Times (FT), which noted that deal making has picked-up at early stage companies, with venture capital (VC) groups raising new funds after a two-year drought. For example, private tech […]

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Sperm whale ‘alphabet’ discovered, thanks to machine learning

Researchers at MIT CSAIL and Project CETI believe that they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning technologies. Results from the study, which were published under the title, “Contextual and Combinatorial Structure in Sperm Whale Vocalizations,” point to key breakthroughs in our understanding of cetacean communication. The study deals with […]

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SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia’s chips

Japanese tech conglomerate SoftBank is looking to develop a “world-class” Japanese-language-specific generative artificial intelligence model, and plans to invest $960 million in the next two years to bolster its computing facilities, according to a Nikkei report.  Training of large language models (LLM), such as OpenAI’s Chat GPT, requires advanced graphics processing units, which SoftBank plans to purchase from U.S. chip giant Nvidia, the Nikkei […]

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