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us dollar index tests key resistance as economic data surprises continue

US retail sales data continues to exceed expectations, with September figures showing a 0.4% increase, bolstering the Atlanta Fed's Q3 GDP growth forecast to 3.4%. This economic resilience suggests a cautious approach for the Fed regarding rate cuts, while the USD/JPY approaches a critical resistance level at 151.95, ahead of the Bank of Japan's upcoming meeting.
IG
United States Dollar Japanese Yen USA
TradFi, Market Report
04:04 18.10.2024

H2O.ai launches efficient AI models for advanced document analysis and OCR

H2O.ai has launched two new vision-language models, H2OVL Mississippi-2B and H2OVL Mississippi-0.8B, designed for document analysis and OCR tasks, showcasing competitive performance against larger models from tech giants. The 0.8B model excelled in the OCRBench Text Recognition task, while the 2B model demonstrated strong performance across various benchmarks. By offering these models on Hugging Face, H2O.ai aims to make AI technology more accessible and efficient for businesses dealing with document-heavy workflows.
VentureBeat
Wells Fargo & Company NVIDIA Corporation Commonwealth Bank of Australia The Goldman Sachs Group, Inc. USA David Smith Sri Ambati Show more
Technology & Innovation, Press Release
03:16 18.10.2024

tensions rise between microsoft and openai amid financial pressures and disagreements

Microsoft's partnership with OpenAI is showing signs of strain as financial pressures mount on the AI start-up, which expects to lose $5 billion this year. After a brief ousting of CEO Sam Altman, Microsoft has hesitated to provide further funding, leading to tensions between the two companies. This situation highlights the challenges faced by AI start-ups reliant on tech giants for essential resources.
@nytimes
Microsoft Corporation OpenAI USA Sam Altman Satya Nadella
Technology & Innovation, News Article
02:56 18.10.2024

flatiron realty partners with ubs oconnor to launch residential transition loans

Flatiron Realty Partners has partnered with UBS O'Connor to launch a co-investment strategy focused on residential transition loans (RTLs), which are short-term, first lien loans for renovation and construction on residential properties. The initiative aims to raise up to $100 million from O'Connor, alongside equity from Flatiron, expanding its managed loan portfolio to at least $600 million. Robert Talas, founding partner of Flatiron, highlighted the ongoing attractive opportunities in their target markets, emphasizing the strength of their platform.
Connect CRE
Vertiv Holdings Co UBS O'Connor LLC Robert Talas
TradFi, Press Release
01:46 18.10.2024

sambanova and gradio partner to simplify access to high-speed ai models

SambaNova Systems and Gradio have launched an integration that simplifies access to high-speed AI inference, allowing developers to create web applications with minimal code. This partnership leverages SambaNova's advanced dataflow architecture, enabling rapid deployment of AI models like Meta's Llama 3.1 at impressive speeds, while addressing the growing demand for efficient AI solutions in various industries. As competition in the AI chip market intensifies, the focus on performance must also consider sustainability and the broader software ecosystem.
VentureBeat
BlackRock, Inc. Meta Platforms, Inc. SambaNova Systems Inc. SoftBank Corp. NVIDIA Corporation USA Joe Biden Ahsen Khaliq Show more
Technology & Innovation, News Article
01:00 18.10.2024

big data healthcare market projected to reach 61.91 billion by 2028

The global big data healthcare market is projected to grow from $23.93 billion in 2023 to $28.98 billion in 2024, with a CAGR of 21.1%, reaching $61.91 billion by 2028 at a CAGR of 20.9%. Key growth drivers include the adoption of electronic health records and a shift towards value-based care. North America leads the market, while Asia-Pacific is expected to be the fastest-growing region.
EIN News
United States Dollar McKesson Corporation Microsoft Corporation International Business Machines Corporation Koninklijke Philips N.V. Oracle Corporation General Electric Company Tibco Software Inc. Siemens Healthineers AG Cognizant Holdings II LLC Hewlett Packard Enterprise Company LP Palantir Technologies Inc. Splunk Inc. MongoDB, Inc. Hortonworks Inc. Qliktech International AB MapR Technologies Inc. Alteryx Inc. Amazon web Services Inc. Epic Systems Corporation Corp. Cloudera Inc. Talend Inc. Optum Inc. Teradata Corporation SAS Institute Inc. BigPanda Inc. Tableau Software Inc. Cerner Corporation SAP SE Dell Inc. Health Catalyst, Inc. Allscripts Healthcare Solutions Inc. RUS DEU GBR USA FRA AUS IDN JPN KOR BRA CHN IND Epic Systems Corporation McKesson Corporation Cerner Corporation Dell Inc. Cognizant Show more
Healthcare, Market Report
01:00 18.10.2024

merger of radicant and numarics aims to create integrated financial services

Radicant and Numarics are merging to create a new neo-bank, retaining the Radicant name and relocating to Liestal. The merger aims to integrate financial services and digital solutions for private and SME clients, with Radicant's CEO Anton Stadelmann leading the new entity. UBS and several venture capital firms are investing in the combined company, which will have a workforce of 240 and a focus on a comprehensive banking and administration platform.
MoneyToday
Swiss Franc UBS SA BLKB Services AG CHE Marco Primavesi Dominique Rey Anton Stadelmann Kristian Kabashi Show more
TradFi, Market Report
00:54 18.10.2024

perplexity launches internal knowledge search to enhance enterprise productivity

Perplexity has launched Internal Knowledge Search, allowing Pro users to search both internal files and the web in one platform, enhancing productivity by focusing on valuable data. The feature supports various document formats and integrates third-party data from services like Crunchbase and FactSet. Additionally, Spaces enables team collaboration while ensuring data privacy and control over access.
VentureBeat
Dell Technologies Inc. Bridgewater Bancshares, Inc. Fortune Brands Innovations, Inc. NVIDIA Corporation Latham & Watkins LLP Aravind Srinivas Frank te Pas Show more
Technology & Innovation, Blog Post
00:30 18.10.2024

us eases export controls to enhance competitiveness in space technology

The U.S. Department of Commerce has announced significant changes to export controls on space technologies, reclassifying many items as commercial rather than military. This shift aims to enhance competitiveness for U.S. companies by easing licensing requirements for exports to close allies like the U.K., Canada, and Australia, while maintaining safeguards against adversaries. The new regulations are expected to streamline processes, reduce bureaucratic hurdles, and foster international collaboration in the space industry.
SpaceNews
United States Dollar NASA GBR CAN USA AUS Show more
Regulatory & Legal, News Article
00:29 18.10.2024

insights on lunar technology from intuitive machines ceo steve altemus

Join us on October 29 at 1:00 PM EST for a webinar featuring Steve Altemus, Co-founder and CEO of Intuitive Machines, who will discuss the future of space exploration and lunar technology. Altemus, a former Deputy Director at NASA’s Johnson Space Center, will share insights following IM’s historic lunar landing with the Odysseus spacecraft and the company’s potential $4.8 billion NASA contract for the Artemis program.
SpaceNews
Intuitive Machines, Inc. USA David Ariosto Steve Altemus
Technology & Innovation, Press Release
00:03 18.10.2024
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