Technology

Superpowerful computers will extract enormous benefits from artificial intelligence—and deliver proportional advantages.

Massive layoffs are affecting the tech sector worldwide with some 971 companies laying off more than 150,000 employees in 2022.

The decline in tech company valuations has forced many of them to pursue M&A opportunities.

Dynamism in the payments arena is driving change at banks and drawing new players into the field, expanding innovation and opportunity.

Elon Musk's takeover of Twitter has plunged Twitter and Tesla into turmoil and there's no end in sight.

The hiring will also include software developers and data specialists who will work with BBVA’s Client Solutions, Architecture and Data teams on the design, development and deployment of global and reusable components that support the creation of functionalities for retail and corporate clients.

Venture capital is moving away from unicorns and towards mature companies.

Gulf states are diversifying their economies and betting big on tech.

The Cloud has become a must for traditional financial institutions, who are increasingly viewing it a key tool for innovating and achieving business goals.

As pandemic response continues to reshape human behaviors and attitudes, banks are strengthening in-house innovation teams and tapping broader networks to stimulate fresh ideation in financial services.

Philip Rosedale was a digital pioneer in creating Second Life, one of the first virtual worlds and still a leading social platform for adults. Linden Lab, Second Life’s parent company, now has two decades of experience in managing an online world, including developing a virtual currency traded globally. He talks to Global Finance about what they’ve learned and larger hopes for the metaverse.

Fighting in Ukraine spurs factoring and digitalization adoption.

Banks like JPMorgan are mostly on Decentraland—a 3D virtual world run by the nonprofit—to learn.

Walmart is finalizing its push into the metaverse, according to trademark application filed with the US Patent and Trademark Office at the end of 2021.

The acquisition also lets Microsoft get its foot into the metaverse’s door.

Facebook rebrands itself and reshuffles its executive suite.

The fast-rising valuations of tech companies have also motivated firms to change their employee incentive structures.

Analysts say the cryptocurrency’s spike in price has more to do with inflation fears than pent-up demand for nascent ETFs. 

Sber expects banks of the future to be built on a multimodal architecture using voice, touch, gestures and computer vision interchangeably for an amazing user experience. 

The ECB moves forward with plans to create a digital Euro and digital wallets for consumers.