Category: Technology

October 03, 2023 BY Elizabeth Anderson

MarketAxess (MKTX) acquires AI-trading firm Pragma

The move is likely to strengthen MKTX’s position as one of the leading platforms for fixed-income securities trading. The US-based company already has a client base of 2,000+ firms who rely on the OpenTrading marketplace to conduct secure trades and drive cost-savings. MarketAxess CEO Chris Concannon said he was delighted to close the deal for…

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September 26, 2023 BY Elizabeth Anderson

Amazon shows AI interest with possible $4bn startup investment

The agreement reached between the two companies stipulates that Amazon employees and Amazon Web Services (AWS) users will get early access to the latest Anthropic technologies. Anthropic, on the other hand, will primarily use Amazon’s cloud services.  Additionally, the company will train future AI models on proprietary chips supplied by the global retailer. The chief…

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September 25, 2023 BY Elizabeth Anderson

Apple steps up production in India with $40bn

In its last financial year, the company achieved more than $7bn in production in India. Apple has not yet responded to confirm these speculations.  India is Apple’s base for the manufacture of iPhones. Rumours have it that the company also plans to start making Airpods in this country.  In an earlier Bloomberg interview this month,…

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September 21, 2023 BY Elizabeth Anderson

New lithium exploration in Quebec

In a recent press release, Mont Royal noted that with new groundwork intelligence, the exploration program is set to begin with 8 target areas that show significant promise for lithium exploration. A comprehensive analysis of the Wapatik property has identified approximately 30 distinct targets. These targets are believed to correspond to outcropping pegmatites. Notably, several…

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September 15, 2023 BY Elizabeth Anderson

Arm IPO splash largest in two years

This IPO is not only the largest of the year but also the largest in the past two years. Since the Rivian IPO, nothing has made a market splash like Arm since 2021. Palpable excitement among investors boosted the Dow Jones by more than 330 points.  Softbank, Arm’s parent company, acquired the chip maker for…

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Tesla car
September 12, 2023 BY Elizabeth Anderson

Tesla’s Dojo dominates Wall Street markets

Analysts from the investment firm noted Tesla as a top-quality stock and, as a result, raised their target levels from $250 to $400 – an almost 20% increase from previous price levels.   Following this price rise, Tesla announced that its in-house Dojo supercomputer could fuel a $500bn jump in the company’s overall market value. Not…

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September 08, 2023 BY Elizabeth Anderson

Markets taking note of China’s iPhone ban

The move adds to Apple’s challenges as it directly impacts its biggest non-U.S. market. The Chinese market makes up a sizeable chunk – about 19% – of Apple’s total revenue. Although drastic, it seems, according to an anonymous CNN source, that China has been implementing this policy non-officially since the Covid-19 pandemic and is now…

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September 07, 2023 BY Elizabeth Anderson

IperionX & Heroux-Devtek launch 100% recycled titanium supply

Heroux-Devtek, the world’s third-largest standing gear company, is set to begin supplying IperionX, a sustainable titanium production company, with Ti-6AI-4V grade alloy scrap metal, which IperionX plan to transform into low-carbon titanium suitable for future technologies.   The alloy is already a byproduct of Heroux-Devtek’s gear manufacturing process, so to create a sustainable chain, this is…

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August 30, 2023 BY Elizabeth Anderson

Grayscale tipping the scales its legal action against SEC

Putting SEC on the backfoot, the court instructed the regulator to take another look at Grayscale’s application. This authority has been opposing the idea of listed spot-market bitcoin investments, despite approving them for futures, for a long time. Don’t miss out the latest news, subscribe to LeapRate’s newsletter SEC argues it cannot approve a spot…

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Authorities eyeballing Worldcoin’s practices
August 25, 2023 BY Elizabeth Anderson

Authorities eyeballing Worldcoin’s practices

Runners earn a commission, and, in Uganda for instance, station themselves at locations such as shopping centres, educational facilities, and sidewalks to connect with passersby. This marketing outreach aims to educate people on exchanging their biometrics for a globally recognisable digital ID, which will get them access to online banking and universal basic income. According…

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