{
}
Unbabel has launched Widn.AI, an AI-powered translation service that CEO Vasco Pedro claims could eliminate the need for human translators within three years. The service utilizes the company's proprietary large language model, Tower, to translate in 32 languages, marking a shift from their previous hybrid model that combined AI with human editors. While acknowledging a potential decrease in revenue per translated word, Pedro believes the overall volume of translated content will drive growth, as Unbabel seeks to raise $20 million to $50 million in funding for further development.
Sustainable investment in Switzerland is experiencing a decline, with more capital flowing into traditional funds than green ones for the first time in years. Despite attracting CHF550 billion since 2018, the inflow of sustainable investments fell last year, influenced by the war in Ukraine and a growing skepticism towards ESG issues. Experts suggest this stagnation follows years of rapid growth, as the increasing variety of sustainable products complicates investor choices.
Switzerland and the EU remain at an impasse over cohesion payments, with further negotiations needed on immigration and electricity. While progress has been made on other bilateral issues, the Swiss government did not finalize the cohesion contribution amount or set a conclusion date for the talks. EU ministers expressed hope for a resolution by year-end.
Bankruptcies among Swiss companies surged by 16% in the first nine months of the year, totaling 4,475 insolvencies. The automotive industry saw the highest increase at 47%, while the construction sector experienced a 35% decline in bankruptcies. Despite the rise in failures, new company registrations grew by 2%, with the construction sector leading in start-ups at 38%.
The US Treasury has sanctioned two Swiss lawyers for allegedly helping Russian clients evade sanctions by creating companies and trusts. This action highlights concerns over loopholes in Swiss law that allow lawyers to operate without due diligence, facilitating illicit financial activities. The sanctions are part of a broader effort to disrupt networks supporting Russia's military operations amid ongoing international tensions.
DeepL SE
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
unbabel launches ai translation service predicting end of human translators
06:56 13.11.2024
sustainable investment trends decline in switzerland amid global shifts
13:45 10.11.2024
Switzerland and EU continue negotiations on cohesion payments and immigration issues
16:16 06.11.2024
surge in bankruptcies among swiss companies amid slight rise in start-ups
09:15 06.11.2024
us treasury sanctions swiss lawyers for facilitating russian clients evading sanctions
US Treasury Department
DeepL SE
G7
Commerce Department
GBR
IND
ARE
CHE
TUR
CHN
USA
Scott Miller
Mark Pieth
Wally Adeyemo
Antony Blinken
Show more
17:38 30.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Supply Chain Management
Retail and Consumer Goods
Industry Mergers & Acquisitions
Stock Market Updates
Private Equity Deals
Global Financial Events
Venture Capital Investments
CEO Changes
Funding Rounds & Investments
Workplace Trends
Emerging Startups
Finance Mergers & Acquisitions
Energy Sector Developments
Inflation and Monetary Impact
Financial Scams and Security
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Samsung Securities Co.,Ltd.
Tesmec S.p.A.
Toyota Motor Corp
Honda Motor Co., Ltd.
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
The Goldman Sachs Group, Inc.
International Monetary Fund FUND
Kraken Energy Corp.
Amazon.com, Inc.
JD.com, Inc.
Meituan
KuCoin Token USD
Verizon Communications Inc.
OpenAI ERC USD
Dell Technologies Inc.
Nokia Oyj
Currencies:
United States Dollar
Chinese Yuan
Euro
Indian Rupee
Japanese Yen
British Pound Sterling
Indonesian Rupiah
Australian Dollar
New Zealand Dollar
South Korean Won
Offshore Chinese Yuan
Vietnamese Đồng
New Taiwan Dollar
Singapore Dollar
Egyptian Pound
Nigerian Naira
Nicaraguan Córdoba
South African Rand
United Arab Emirates Dirham
Malaysian Ringgit
People:
Donald Trump
Howard Lutnick
Changpeng Zhao
Shigeru Ishiba
Scott Bessent
Chris Wright
Tim Cook
Haider Ali Khan
Justin Sun
Jamieson Greer
Abdulaziz bin Salman Al Saud
Mohammad Al Tamimi
Mohammad Altamimi
Jensen Huang
Sam Altman
Xi Jinping
Christopher Flinos
Mohammed bin Salman Al Saud
Ray Dalio
John Abraham