HSBC to open Hong Kong AI Institute following Singapore launch
HSBC to open Hong Kong AI Institute following Singapore launch
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Viral ‘Storm’ Video Director Considered Quitting After AI Copies Took Over
The director behind Swedish rapper Yung Lean’s viral “Storm” video says AI almost drove him from filmmaking. In an interview with Vulture published on Tuesday, Romain Gavras said he was disheartened by the wave of AI-generated copies of the music video. Gavras directed the video for “Gener8ion,” an audiovisual project he runs with French producer Surkin. The…
Pennymac adopts VantageScore as bi-merge debate heats up
Pennymac is rolling out VantageScore 4.0 across its consumer direct, broker direct and correspondent channels, making all three of the nation’s largest originators users of the model, alongside Rocket and United Wholesale Mortgage. Processing Content The move gives brokers and correspondents another major outlet for VS4 loans just as the score gains a pricing edge….
Newsquawk week ahead: RBA announcement and US retail sales
Mon: BoJ Summary of Opinions Tue: RBA Announcement Wed: German Final Inflation (Jul), IEA OMR, OPEC MOMR, US CPI (Jul) Thu: Norges Bank Announcement, UK GDP (Q2), US PPI (Jul) Fri: EZ Employment (Q2) and GDP 2nd Estimate (Q2), US Retail Sales (Jul), US University of Michigan Prelim (Aug) BoJ Summary of Opinions (Mon): The…
SK Hynix Approved $38 Billion of New Memory Fabs That Won’t Produce a Chip Before December 2028
SK Hynix (SKHY +0.40%) is putting a historic amount of money into new capacity. On Aug. 7, the memory maker’s board signed off on 54.3 trillion won of spending — about $38 billion — split across two new plants. Some 35.2 trillion won goes to the Y2 fab in Yongin, which will make high-bandwidth memory…
Revolut Secures In-Principle Approval for Crypto Services in UAE | LeapRate
Revolut said Wednesday that it has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for its Virtual Assets Service Provider Licence. The approval allows the firm to offer broker-dealer, management and investment, and exchange services in the UAE. The approval is another step in Revolut’s expansion strategy, following earlier approval this year from…
Parents can’t hide money worries from their kids, they must talk
Why families hide worries and miss windows While the survey didn’t unpack why financially stressed parents hide their concerns from their kids, D’Angelo says that it could stem from a natural and human desire to protect one’s children. The stress that’s making a parent more anxious is something they don’t want their kids to feel….
