Goldman Sachs Expects AI Tech to Boost S&P 500 Profits by 30% Over Next Decade

The investor community is brewing with optimism as it expects AI to drive profit growth at a time of rising borrowing costs and supply chain problems Although the onslaught of artificial intelligence (AI) is creating a major disruption in the market date, banking giant Goldman Sachs is bullish about the tech and expects it to … Read more

Barclays and JPMorgan Contribute $55M into Funding Round for $4.5B Insurance Tech Giant Wefox

Despite the troubled tech space, German InsurTech firm Wefox recently raised $110 million in debt financing and fresh equity funding.  On Wednesday, May 17, insurance technology startup Wefox announced $110 million in funding from investors, including JPMorgan (NYSE: JPM) and Barclays (LSE: BARC). According to Wefox, the American and British banking giants contributed half of the total funding via a … Read more

Tech Observers Show Little Faith in UK IPO Market Following Arm Snub

The UK IPO market has come under scrutiny as analysts believe it has lost its appeal in attracting big-name tech listings.    Tech investors have questioned the UK market as a veritable IPO destination after native semiconductor giant Arm shunned the country. The British designer recently opted to list in New York at London’s expense, which many fear could have ripple effects for … Read more

US Government and Tech CEOs Meet to Chart Safe Course for AI Development

The National Science Foundation also announced a $140 million investment in seven new AI research centers. The US government, through the office of Vice President Kamala Harris, met with CEOs of companies leading in AI development on May 4th. The meeting aimed to discuss the risks and potentials associated with Artificial Intelligence (AI) in light … Read more

Popular Tech Investor Chamath Palihapitiya Says ‘Crypto Is Dead in America’

Chamath Palihapitiya blamed the US regulators for their heavy crackdown recently on the US crypto industry and all associated players. In the latest regulatory developments taking place in the United States, popular tech investor Chamath Palihapitiya shared a very cautious move about crypto assets. Over the last few years, Palihapitiya has been sharing bullish views … Read more