Digital Financial News

Imperial College London, a top-ranking UK university, has announced a strategic partnership with the fintech startup FluidAI on August 21. The collaboration aims to address and rectify inefficiencies in the digital asset market using advanced artificial intelligence (AI) technologies.

WisdomTree, Inc. (NYSE: WT), a global financial innovator with a diverse range of exchange-traded products (ETPs) and a current asset management of approximately $94 billion, has officially announced the appointment of Rilla Delorier to its Board of Directors. Delorier, an accomplished leader with over 30 years of executive experience, is recognized for her leadership in digital transformation within the banking sector and her roles in various financial and tech firms. Her achievements have earned her a spot among the «25 Most Powerful Women in Banking» by American Banker.

Binance Labs, the esteemed venture capital division of Binance with a valuation surpassing $9 billion, has announced a strategic investment in Delphinus Lab. This collaboration underscores the rising significance of the zkWASM domain, where Delphinus Lab has made notable strides by launching the pioneering open-source zkWASM virtual machine.

data servers are humming, consuming both megawatts and precious natural resources to bring life to our digital world. The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with the advent of artificial intelligence — so much so that research estimates that by 2025, the IT industry could use 20 percent of all electricity produced, and emit up to 5.5 percent of the world's carbon emissions.

real estate developer Anant Raj Limited plans to develop 300 MW data centre buildings with a total investment of ₹10,000 crore in the next few years, said its managing director Amit Sarin. Having previously constructed three IT buildings in Manesar, Rai and Panchkula in Haryana, the company is presently in the process of transforming these structures into data centres, he told ET. «The three projects possess the potential to accommodate 300 MW of data, and we benefit from having pre-existing structures that simply need to be adapted to meet the specifications essential for a data centre. The initial phase of Manesar Park is ready with a 21 MW capacity, and the complete project is designed for a total capacity of 50 MW,» said Sarin. Industry experts have projected a demand for about 20 million square feet of data centre space across key cities in the next four-five years. Anant Raj holds 1.2 million square feet in Manesar on a 10-acre site, 2.1 million square feet on a 25-acre plot in Rai (with the possibility of doubling capacity) and 500,000 square feet on a 10-acre land in Panchkula (with expansion options). «In Manesar, we have the potential to reach 50 MW, while Rai can accommodate a 200 MW data centre.

economic development at Dubai’s Department of Economy and Tourism, said in an interview. Under the Comprehensive Economic Partnership Agreement (CEPA), the UAE, of which Dubai is a part, and India plan to expand non-oil trade to $100 billion by 2030, from just $50.5 billion in April, he said. Dubai is in talks with Indian manufacturers who are looking at the emirate as a distribution hub, he added.

Microsoft has announced that it will no longer update WordPad and plans to remove the word processor from a future release of Windows nearly after 30 years. As an alternative, Microsoft will recommend Word, its paid word processor that has always been far more powerful than WordPad, which has shipped with Windows since 1995.

Bank of Nova Scotia is making several changes to its senior leadership team, including naming a new human resources chief and a new head of digital transformation, a role that also involves oversight of its Tangerine online banking business.

WhatsApp is reportedly rolling out a multi-account feature with a new interface for the app settings to beta testers on Android. With this multi-account feature, users will be able to add an additional account on the same device directly right within WhatsApp Settings, according to WABetaInfo.

Google, which turns 25 on Monday, has come a long way from being born as a search engine in the garage of Susan Wojcicki — the future boss of YouTube — in a new tech landscape of generative AI, chatbots and social media. Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin while they were PhD students at Stanford University in California.

OpenAI has released a new guide for teachers using its AI chatbot ChatGPT to assist educators in effectively incorporating the generative AI tool into their students' learning. The newly released guide suggests prompts, an explanation of how ChatGPT works and its limitations, the efficacy of AI detectors, and a discussion on biases.

the future of global governance is shaped. India’s ascent to its presidency is emblematic of the country’s rapidly evolving role on the world stage. As an active participant in some of the G20 proceedings, I have borne witness to India’s transformation into a leader, fostering collaboration and charting pathways to address universal challenges.

global warming. The moment calls for addressing both issues. We believe that jump-starting sustainable and inclusive growth can improve the quality of life for people and be of aid to the planet.

QIP) in the next quarter," Punjab & Sind Bank managing director Swarup Kumar Saha told PTI. It will help achieve the twin objective of capital raising and dilution of the government's holding in the bank, he said. Government of India holds a 98.25 per cent stake in the bank which was listed on the stock exchanges in 2010. He said that the government's nod is also in place for the capital raising. The bank had written to the Centre seeking its approval for capital raising in May this year. As part of a strategy to increase touch points and brand visibility, Saha said the bank is aiming for 2,000 branches and as many ATMs in the country in the next three years. The addition of branches would help mobilise low-cost deposits and also increase penetration of loan products, he said. «We are trying to build operational efficiency more so that I can reduce my cost and increase my fee income.

Modi has said while seeking global cooperation to deal with cybercrimes. In an exclusive interview with PTI, he said the World Bank has estimated that cyber attacks could have caused losses of around USD 5.2 trillion to the world during 2019-2023, but their impact goes beyond just financial aspects into activities that are deeply worrying.Read the full interview here He said these can have social and geopolitical implications. «Cyber terrorism, online radicalisation, use of networked platforms to move funds from money laundering to drugs and terrorism — are just the tip of the iceberg,» he said. Modi said cyberspace has introduced an entirely new dimension to the battle against illicit financial activities and terrorism. «Terrorist organisations are using technology for radicalisation, moving money from money laundering and drugs into terror funding, and capitalising on emerging digital avenues such as the dark net, metaverse, and cryptocurrency platforms to fulfil their nefarious aims,» he said. Stressing the need for taking the cyber threats very seriously, the prime minister said one angle of their adverse impact is the financial losses they cause. Further, he said, cyber attacks can also have implications for the social fabric of nations. Modi said the spread of 'deep fakes' can cause chaos and loss of credibility of news sources.

Prime Minister Narendra Modi by Editor-in-Chief Vijay Joshi and senior editors late last week at his Lok Kalyan Marg residenceQ: The G-20 Presidency has given India the opportunity to promote its vision for a sustainable, inclusive and equitable world, and to raise its profile as a leader in the Indo-Pacific region. With just days left for the summit, please share your thoughts on achievements of Indian Presidency.A: To answer this question, we need to set the context on two aspects. The first is on the formation of the G20. Second is the context in which India got the G20 Presidency. The genesis of the G20 was at the end of the last century. The major economies of the world got together with a vision of a collective and coordinated response to economic crises. Its salience grew even more during the global economic crisis in the first decade of the 21st century. But when the pandemic struck, the world understood that in addition to the economic challenges, there were also other important and immediate challenges impacting humanity.

According to data from Ad Astra Consultants, the Indian electric vehicle (EV) market is expected to reach $113.99 billion by 2029, from $1.45 billion in 2021, growing at a CAGR of 66.52% during the period. Nirupama VG, MD, Ad Astra Consultants, says the rapid shift has also brought to light skill gaps in the industry. A report commissioned by the Automotive Skills Development Council (ASDC) says as the industry innovates on autonomous driving, EVs and connected-car technologies, there is a need for skilling and reskilling to keep pace with the technological transformation. Nirupama VG also shares that while the government is proactively supporting the EV shift by offering consumer incentives like tax breaks and subsidies, the National Electric Mobility Mission Plan 2020 further emphasises this support with plans for building EV infrastructure and promoting manufacturing. Indian manufacturers are, therefore, leveraging local expertise, resources and market understanding to create products and solutions.

In the ever-evolving cryptocurrency landscape, Bitcoin price appears to be showcasing a resilient stance as bulls firmly clutch the $25,800 mark. 

sustainability and brand connect, founders of D2C and new-age companies feel their stories convince consumers for repeat purchases, but others feel that it is the product which convinces the consumer, because it solves a problem for them. Shark tank fame oral care brand Perfora's founder Jatan Bawa said that people buy into the narrative of a young brand which is challenging the status quo, unlike legacy brands whose founders or brand building story is not well-known.

GST advance ruling authority has ruled. The Karnataka-bench of the AAR (Authority for Advance Ruling) ruled that ITC can be availed on taxes paid for procurement of white goods or gold coins for the purpose of incentive to dealer as it is a supply. Orient Cement Ltd had approached the AAR seeking ruling in whether ITC can be claimed on distribution of gold coins and white goods to its dealers upon achieving a specified target fixed under the scheme.

The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with the advent of artificial intelligence — so much so that research estimates that by 2025, the IT industry could use 20 percent of all electricity produced, and emit up to 5.5 percent of the world's carbon emissions.