Norway’s sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion), citing a stock market boost from falling interest rates. The so-called Government Pension Fund Global, one of the world’s largest investors, said it had a value of 18.870 trillion kroner at the end of September. The fund’s overall return … Read more
Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP’s financial results for 2019 on January 28, 2020 in Walldorf, southwestern Germany. – German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the year ahead. Daniel Roland | … Read more
OpenAI recently secured $6.6 billion in funding at a valuation of $157 billion, but it’s far from the only AI company with high fundraising potential. Investors poured $2.9 billion from July to September (Q3) of 2024 into the latest U.S.-based AI startups, per PitchBook data. The three startups in the U.S. that received some of … Read more
GE Healthcare booth is seen ahead of the 2022 China International Fair for Trade in Services (CIFTIS) at China National Convention Center on August 28, 2022 in Beijing, China. Yi Haifei | China News Service | Getty Images GE HealthCare on Monday announced a new artificial intelligence application it said will save time for doctors … Read more
Peter Cade | Stone | Getty Images The vast majority of Europeans support the use of artificial intelligence for police and military operations, according to a new report by Madrid’s IE University shared with CNBC. “European Tech Insights,” which measured the attitudes of over 3,000 people in Europe, found that 75% support the use of … Read more
Britain’s Finance Minister Rachel Reeves has pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability. Pool | Getty Images News | Getty Images LONDON — British technology bosses and investors are warning that entrepreneurs may be forced to leave the U.K., if the government moves forward with controversial plans … Read more
Chris Larsen, co-founder and chairman of Ripple, contributed nearly $9.9 million to Future Forward in September, in addition to more than $800,000 to the Harris Victory Fund, according to FEC data compiled by the Breadcrumbs crypto market and blockchain analyst James Delmore and independently verified by CNBC. Including Larsen’s August contribution of $1 million worth of … Read more
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it … Read more
Opinions expressed by Entrepreneur contributors are their own. Artificial intelligence (AI) has been creating a lot of volatility across industries around the world. And in 2024, it is still creating so many waves that are rocking the boat for investors looking to ride the AI wave. It’s easy to see the potential for AI to … Read more
Beijing is moving to boost the country’s talent ranks in the fields of science and technology by creating more doctoral programmes in key areas such as medicine, engineering and emerging fields. The State Council – China’s cabinet – and the Communist Party’s Central Committee issued guidelines on Sunday calling on education authorities and universities to … Read more
