News from October 2023
By Business Daily | Oct 23, 2023
Coinbase, a prominent cryptocurrency exchange platform, has selected Ireland as its EU hub for MiCA regulations, enhancing its international expansion by providing cryptocurrency services to 27 countries under a unified regulatory framework.
By Business Daily | Oct 23, 2023
Amy Bender, Vice President of Regulatory Affairs for the Communications & Information Technology Association (CTIA), has commended the Federal Communications Commission (FCC) for its efforts to enhance the Wireless Emergency Alert (WEA) system. Bender expressed her support for the FCC's focus on providing actionable information to consumers and strengthening the life-saving system.
By Business Daily | Oct 21, 2023
Semiconductor Industry Association Zach Isakowitz has been appointed as the Director of Government Affairs, according to an announcement by the Semiconductor Industry Association (SIA). In this role, Isakowitz will work closely with Congress, the White House, and federal agencies to advocate for the industry's policy priorities.
By Business Daily | Oct 21, 2023
Google and Mistral AI have joined forces to bring cutting-edge AI technology to Google Cloud, aiming to help smaller businesses incorporate AI into their own products and services. Mistral AI, one of Europe's leading AI producers, is integrating its advanced AI model, Vertex AI, into Google Cloud. This integration will make it easier for businesses to adopt AI technology.
By Business Daily | Oct 21, 2023
Palo Alto Networks, a leading cybersecurity company, has unveiled a new tool called Code to Cloud Intelligence. This tool, which is part of the Darwin release, aims to assess patterns, behaviors, and anomalies across code. By analyzing code, organizations can identify and address security issues at their source, mitigating potential damage and preventing future breaches.
By Business Daily | Oct 21, 2023
Citi has announced a collaboration with Navan to introduce a comprehensive travel and expense system specifically designed for Citi Commercial Bank (CCB) cardholders. The partnership aims to provide a seamless digital experience for Citi Commercial Bank cardholders through Navan Connect's innovative card-link technology, integrating Navan's all-in-one solution with Citi's commercial card solutions.
By Business Daily | Oct 19, 2023
John Giannandrea, Apple's senior vice president of Machine Learning and AI Strategy, testified in the ongoing Google antitrust trial and affirmed Google as the superior search engine choice over Bing when given the option. According to Giannandrea, Apple had considered several different search options for Safari, including Bing, but Google was overwhelmingly seen as the better option.
By Business Daily | Oct 19, 2023
Freddy’s Frozen Custard and Steakburgers announced earlier this month that it was opening its 500th location in Burleson, Texas. The announcement comes after the fast-casual franchise utilized an AI-powered solution to simplify its software vendor selection process.
By Business Daily | Oct 17, 2023
Wells Fargo recently released its third quarter report for 2023, showing a reported net income of $5.8 billion, equal to $1.48 per diluted share. These results also encompassed $349 million, or $0.09 per share, in discrete tax benefits related to the resolution of prior period tax matters and the sale of approximately $2 billion worth of private equity investments, which had a minor impact on net income but raised the CET1 ratio by approximately 14 basis points.
By Business Daily | Oct 17, 2023
Jeff Ferranti, Senior Vice President and Chief Digital Officer at Duke University Health System, has expressed Duke Health's commitment to the responsible use of generative AI in addressing complex issues in academic medicine. He recognizes the transformative potential of AI in patient care, research, and medical education. Ferranti responded to Microsoft's AI solutions aimed at assisting healthcare organizations by collaborating with Microsoft to explore the ethical implementation of AI in healthcare.
By Business Daily | Oct 16, 2023
Wells Fargo & Company has announced that its personalized digital platform, LifeSync®, is now available to all consumer customers. Initially introduced to Wealth & Investment Management (WIM) clients earlier this year, LifeSync® can now be accessed through the Wells Fargo Mobile® app, according to a press release by Wells Fargo.
By Business Daily Report | Oct 16, 2023
Citigroup Inc. announced its third quarter 2023 net income, amounting to $3.5 billion or $1.63 per diluted share, with revenues totaling $20.1 billion. The previous year, the third quarter of 2022 recorded a net income of $3.5 billion or $1.63 per diluted share, with revenues at $18.5 billion, according to the Third Quarter 2023 Results and Key Metrics released by Citigroup.
By Business Daily | Oct 15, 2023
CISA, the U.S. federal agency responsible for safeguarding the country's critical infrastructure and strengthening cybersecurity resilience, has unveiled two new resources aimed at enhancing protection against ransomware. These resources, announced on October 12th, are designed to help businesses identify known ransomware-related vulnerabilities and mitigate damages caused by ransomware attacks.
By Business Daily | Oct 15, 2023
Sony Electronics has announced the establishment of the Sony Innovation Fund: Africa, a program aimed at providing funding opportunities for early-stage startups in Africa's entertainment industry. The initiative, which was unveiled on October 12th, will support startups in various domains including gaming, music, movies, and content distribution.
By Business Daily | Oct 13, 2023
Visa has announced the formation of the Advisory Council for the Visa Economic Empowerment Institute, a platform that will focus on conducting original research and facilitating public-private discussions on payments and public policy. According to a press release by Visa, the founding members of the council are Dr. Axel Weber, Lord Jonathan Hill, and Ambassador Koji Tsuruoka.
By Business Daily | Oct 13, 2023
Since late 2022, the emergence of artificial intelligence (AI) has significantly impacted the corporate world, especially in retail and hospitality, where many companies are striving to catch up with the technological revolution going on around them. In a recent Forbes article, Fabrice Haiat expresses how AI technology can improve workflow and boost profitability in the retail industry.
By Business Daily | Oct 12, 2023
Bank of America's 2023 Women & Minority Business Owner Spotlight revealed that a majority of small business owners across the United States maintain a positive outlook for their businesses, with 67% expecting revenue growth in the next year, despite challenges posed by inflation and operating costs. The report highlights these findings regarding small business sentiment from an online survey conducted by Bank of America.
By Business Daily Report | Oct 11, 2023
Dr. Katalin Karikó and Dr. Drew Weissman of Penn Medicine were awarded the 2023 Nobel Prize in Physiology or Medicine thanks to their pioneer RNA research.
By Business Daily | Oct 9, 2023
Citi has partnered exclusively with Hispanic-owned firms to orchestrate a $750 million bond issuance in celebration of National Hispanic Heritage Month. These six firms, including Apto Partners LLC, Cabrera Capital Markets LLC, Great Pacific Securities, Guzman & Company, Penserra Securities LLC, and Samuel A. Ramirez & Company, Inc., were part of this collaboration according to a press release.
By Business Daily | Oct 9, 2023
Bank of America (BofA) recently released its 2023 Workplace Benefits Report, presenting insights gathered from surveys of over 1,300 employees and nearly 800 employers conducted in the first half of this year. The report provides data on workplace benefits and financial well-being trends.