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ralph hamers joins arta finance as senior adviser and investor

Ralph Hamers, former CEO of UBS, has joined Arta Finance, a digital wealth firm founded by ex-Google employees, as an external senior adviser and investor. Arta aims to democratize family office-style investing using AI, targeting accredited investors in the US and Singapore, with plans to expand into India. Hamers, who previously led ING through a digital transformation, is exploring various fintech projects while taking a measured approach to future executive roles.
AdvisorHub
United States Dollar Credit Suisse Anlagestiftung ING Groep N.V. Schroders plc UBS Group AG Alphabet Inc. Google Inc. CHE SGP IND USA Sergio Ermotti Eric Schmidt Caesar Sengupta Gautam Adani Ralph Hamers Show more
TradFi, News Article
09:00 10.10.2024

Lombard Odier targets Central Swiss millionaires with new Zug branch

Lombard Odier, one of Switzerland's largest private banks, has established a presence in Zug, aiming to attract millionaires and local entrepreneurs from Central Switzerland. The bank's success in becoming the preferred choice for this clientele remains uncertain.
Luzerner Zeitung
Lombard, Odier & Cie CHE
TradFi, News Article
09:00 10.10.2024

healthcare investment opportunities amid rising demand and systemic inefficiencies

As the global population ages, healthcare demand is set to rise, presenting significant investment opportunities. Bellevue Asset Management emphasizes the need for a productivity revolution in healthcare to address inefficiencies and improve outcomes, particularly in managing chronic diseases. Innovations in digital health and diagnostics are crucial for reshaping healthcare delivery and creating a more resilient system.
ITN Business
United States Dollar NVIDIA Corporation Paul Major
Finance & Economy, Market Report
09:00 10.10.2024

suki secures 70 million to enhance ai assistant technology for healthcare

Suki has secured $70 million in funding to enhance its AI assistant technology for healthcare, expanding partnerships with health systems like MedStar Health. The Suki Assistant, which streamlines clinical documentation and improves workflow efficiency, will be rolled out to thousands of MedStar clinicians in phases. With a 70% adoption rate among users, Suki aims to grow its platform business significantly, projecting it will account for over 50% of revenue by 2026.
Fierce Healthcare
Abridge Medstar Health Inc. Amwell Associates LLC Premier, Inc. Suki USA Bryan Roberts Punit Soni Jeff Collins Show more
Technology & Innovation, Press Release
09:00 10.10.2024

openai grapples with financial challenges amid rising costs and competition

OpenAI is grappling with significant financial challenges due to high operating costs associated with advanced AI systems, including daily expenses of approximately $700,000 for infrastructure, cloud services, and talent acquisition. Despite generating revenue through subscriptions, business solutions, and API access, these streams are insufficient to achieve profitability. To ensure long-term sustainability, OpenAI must implement cost-cutting measures, secure additional funding, and diversify its revenue sources.
Unite.AI
United States Dollar Microsoft Corporation
Technology & Innovation, Market Report
09:00 10.10.2024

euro area manufacturing contracts amid concerns over economic stagnation

In the euro area, while the service sector shows growth, manufacturing continues to decline, with PMI indices indicating a troubling contraction at 45.72 and no signs of recovery. The ECB's September meeting minutes highlight weak growth in Germany, the region's largest economy, as a significant concern impacting overall euro area growth amid structural challenges.
Agenzia ANSA
Euro ECB DEU
Finance & Economy, Market Report
09:00 10.10.2024

suki secures 70 million funding to enhance ai solutions in healthcare

Suki, a leader in AI technology for healthcare, has secured $70 million in Series D funding to enhance its AI solutions, including Suki Assistant, which streamlines clinical documentation. The company partners with major health systems and EHR providers, achieving a 72% faster note completion rate and a 9X ROI in the first year. With this investment, Suki aims to accelerate product development and expand its capabilities, further solidifying its position in the healthcare technology landscape.
@businesswire
Medstar Health Inc. MEDITECH Ascension Saint Thomas Saint Mary's Hospital For Children Inc. Oracle Corporation Cerner Corporation Athena Bitcoin Global Amwell Associates LLC Decatur County Memorial Hospital Premier, Inc. USA Bryan Roberts Punit Soni Jeff Collins Joe Biden Show more
Technology & Innovation, Press Release
09:00 10.10.2024

engineering group plans small acquisitions and potential ipo in coming years

Engineering is focusing on organic growth while exploring small acquisitions to enhance talent and market share, particularly in digital technology sectors like cybersecurity and AI. CEO Maximo Ibarra indicated that a stock market listing could be considered in two to three years, emphasizing the importance of ongoing development and integration efforts. The company recently completed the integration of Be Shaping the Future and was previously in pursuit of Intellera, now acquired by Accenture.
Il Sole 24 ORE
Accdenture ITA Minister Urso Maximo Ibarra
Technology & Innovation, Market Report
09:00 10.10.2024

French government delays pension increases and implements social security budget cuts

Pension increases will be postponed until July 2025, aiming to save 4 billion euros amid lower inflation expectations. The Social Security Financing Bill forecasts an 18 billion euro rise in spending, with significant cuts in health insurance reimbursements and sick leave compensation. Overall, the government seeks to contain the deficit to 16 billion euros next year.
Public Sénat
Euro Apple Inc. FRA Geneviève Darrieussecq Astrid Panosyan-Bouvet
Finance & Economy, News Article
09:00 10.10.2024

france unveils austerity budget with new taxes and pension adjustments for 2025

The French government has unveiled its 2025 Finance Bill, featuring a revised income tax scale and new taxes targeting the wealthiest individuals and large corporations to address a looming deficit. Key measures include an increase in the solidarity tax on airline tickets and the extension of zero-rate loans for first-time buyers. Additionally, pension increases will be indexed to inflation with a six-month delay, while budgets for the Army and Health remain stable amidst efforts to support farmers and address public spending.
BFM BUSINESS
Euro Airbnb, Inc. FRA Laurent Saint-Martin Antoine Armand Sébastien Lecornu Michel Barnier Show more
Finance & Economy, News Article
09:00 10.10.2024
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