Chinese A.I. start-up SenseTime wants to launch IPO and R&D center in the US

Chinese artificial intelligence start-up SenseTime Group is planning an initial public offering (IPO) and aims to open a research and development (R&D) centre in the United States as early as next year, its founder told Reuters in an interview. The Hong Kong and Beijing-based deep learning company founded by Tang Xiaoou, a professor at the […]

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Stock trading using just your voice is not too far away

Traders could be buying and selling stocks with just a voice command in the near future, Sandler O’Neill analysts predicted. It is “not too far off where ‘voice recognition’ technology is combined with ‘voice identification’ to produce the fully ‘automated voice trade’ (with no interaction with a customer service representative),” wrote Sandler O’Neill analysts Richard […]

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Autumn Budget: UK slashes growth projections, sets aside £3 billion for Brexit

Britain slashed its official projections for economic growth Wednesday and anticipates it will need to borrow sharply over the coming years. Finance Minister Philip Hammond delivered the U.K. government’s official Autumn Budget at a time when the ruling Conservative party is facing challenging political and economic circumstances. The non-partisan Office for Budget Responsibility (OBR) forecast […]

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China clamps down on online micro lending; US-listed shares plunge

China took steps to rein in the rapidly growing and lightly regulated market for online micro-lenders in the government’s latest crackdown on internet finance, sending shares of U.S.-listed Chinese financial firms into a tailspin. A top-level Chinese government body issued an urgent notice on Tuesday to provincial governments urging them to suspend regulatory approval for […]

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World stocks slip as tech shares crumble after Dow breaks 22,000

World stock markets fell on Thursday, led by a tumble in tech shares as investors locked in recent gains after Wall Street’s Dow Jones Industrial Average broke the 22,000 barrier for the first time in its 121-year history. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, with South Korea’s tech-heavy Kospi index […]

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Euro zone business activity lost some momentum in July, still strong: PMI

Euro zone businesses started the second half of 2017 with robust growth although the pace slowed slightly from June as a loss of momentum in Germany and France dragged on activity, a survey showed on Thursday. IHS Markit’s final composite Purchasing Managers’ Index for the euro zone was 55.7 in July, down from June’s 56.3 […]

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Global demand for gold drops 14 percent in first half of 2017 – WGC

Global demand for gold fell 14 percent in the first half of this year due mainly to a sharp decline in purchases by exchange traded funds, the World Gold Council said in a report on Thursday. Central bank buying also fell slightly in the first half but purchases of bars, coins and jewellery grew thanks […]

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