{
DeepL SE

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unbabel launches ai translation service predicting end of human translators
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.
CNBC
United States Dollar Unbabel DeepL SE OpenAI Google Inc. Vasco Pedro Show more
Technology & Innovation, News Article
06:56 13.11.2024
sustainable investment trends decline in switzerland amid global shifts
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.
SWI swissinfo.ch
Swiss Franc DeepL SE Apple Inc. CHE DeepL Brian Mattman
Finance & Economy, Market Report
13:45 10.11.2024
Switzerland and EU continue negotiations on cohesion payments and immigration issues
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.
SWI swissinfo.ch
DeepL SE Apple Inc. CHE
Finance & Economy, News Article
16:16 06.11.2024
surge in bankruptcies among swiss companies amid slight rise in start-ups
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%.
SWI swissinfo.ch
Swiss Franc DeepL SE Dun & Bradstreet Holdings, Inc. CHE
Finance & Economy, News Article
09:15 06.11.2024
us treasury sanctions swiss lawyers for facilitating russian clients evading sanctions
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.
SWI swissinfo.ch
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
Regulatory & Legal, Press Release
17:38 30.10.2024
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