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Microsoft sees the future in artificial intelligence
We're talking about Microsoft's hefty $10 billion investment in OpenAI, a company that focuses on creating chatbots based on AI, or artificial intelligence. Microsoft, like other tech giants, wants to innovate and not fall behind the competition.
Alibaba shares surge on news of Ant Group handing over control
Shares of companies that are in some way linked to Chinese giant Ant Group have started to rise after the news of the withdrawal of its own founder, Jack Ma, was made public. The Chinese government is struggling to maintain its commitment to growth and the technology sector is the most important for the country at the moment.
Shares of one of the world's biggest tech giants plunged 3% to $126.04 per share on Wednesday, December 28. It represents the lowest value since June last year. The company's market value thus dropped by $63 billion overnight, but still did not fall below $2 trillion. BBC News reported the news on their Twitter account as well.
Following the relaxation of measures against the spread of Covid-19 in China, more cases of the disease have begun to occur in the country, and even death has already been reported. China, with a population of 1.4 billion, should have a higher vaccination rate because a new wave of the pandemic could kill more than a million people by 2023. Reuters also reported the new concerns on Twitter.
The Bahamas is a final destination in FTX fraud case
The beautiful Bahamas have become a significant location for the co-founder and former CEO of the bankrupt crypto trading company FTX. He was arrested in the Bahamas, because the US Attorney provided a sealed indictment to the Bahamian government.
Legal: Zetano is a registered brand name of Wonderinterest Trading Ltd, with registration number HE 332830. Wonderinterest Trading Ltd is a Cypriot Investment Company (CIF) under the supervision and regulation of the Cyprus Securities and Exchange Commission (CySEC) with licence number 307/16, registered office 176, Makariou III Avenue, Paschalis Court, Office 201, 3027, Limassol, Cyprus.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.97% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.