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The initial deal behind the American AI boom seems to be: private investors would help finance it, taking on the risk; private companies would initially own the benefits of the breakthroughs, then distribute them to public markets later; and the government would help regulate the industry after the fact. In China, by contrast, the deal…
Grayscale Investments, a key player in digital asset management, has taken another step to broaden its lineup of cryptocurrency-based exchange-traded funds (ETFs) by submitting a registration statement for a spot Worldcoin ETF. This move underscores the firm’s ongoing commitment to providing investors with regulated access to emerging crypto assets amid a maturing market for such…
There are clear signs that AI has been adopted at different rates along gender lines, driven in large part by greater skepticism on the part of women. This gap in adoption has narrowed over time: A recent study by the Pew Research Center found men and women now use AI chatbots at similar rates, relative…
Gold climbs above $4,100 as Middle East tensions underpin prices
Mumbai: Overseas investors remained net buyers across sectors in the first half of July, marking a second consecutive fortnight of inflows and the strongest purchase since early February, according to NSDL data. Consumer services, including e-commerce and hotels, attracted the highest foreign buying during the period, followed by metals and mining and healthcare. In contrast,…
Latin America has always rewarded banks that can live with complexity. Regional corporate treasures rarely deal with a single challenge: currencies move, politics shift and commodity cycles turn. National champions increasingly find themselves buying assets, raising capital, managing liquidity and hedging risk across borders. That is where Citi’s Latin American franchise has become most valuable….
Stablecoins have been on payments companies’ radar screens for years, but only recently has the digital currency gained the credibility needed to move processors, merchants, and users toward using stablecoins for everyday payments. The latest example of this emerged early Tuesday with an announcement from Mesh, a San Francisco-based crypto payments network, that it will…
Humans generally abhor parasites, but we make exceptions for businesses.
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On July 8, users of Nasdaq’s Smarts software received an email. It said – not in these words – that the software had not been doing its job. That’s a problem, because Smarts has a big job. The software promises to help market participants spot suspicious trading behaviour – spoofing, frontrunning, insider trading and more…