The US Federal Reserve admitted its surprise at the sudden collapse of Silicon Valley Bank, which was under its watch.
Fed Chairman Jerome Powell told a news conference after the Federal Open Market Committee meeting that he immediately ordered an internal investigation upon learning of the bank's…
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Microsoft has already integrated GPT-4 into Azure OpenAI
Microsoft announced that GPT-4 is available on the Azure OpenAI Service so that customers and partners of the technology company can develop and create their own applications and services with the new generation of the OpenAI language…
UBS launches offer to repurchase Credit Suisse bonds
The Swiss bank UBS announced an offer to repurchase the debt securities with maturity of 2028 and 2032 issued last Friday, just a couple of days before the agreement for the acquisition of Credit Suisse, whose aggregate amount amounts to…
The White House criticizes cryptocurrencies, questioning their fundamental value
The White House published its latest President's Economic Report, which analyzes the current situation of cryptocurrencies.
In the report, it is argued that cryptocurrencies do not live up to their initial promise and pose risks to…
Elon Musk asks to lower interest rates by 50 basis points
The magnate and co-founder of Tesla, as well as owner of the social network Twitter, Elon Musk, believes that the United States Federal Reserve should undertake a drop of half a percentage point in the reference interest rate at its meeting…
Microsoft incorporates a Dall-E-based image generator
Microsoft incorporated into its new AI-based Bing and Edge an image creator based on the Dall-E model, Bing Image Creator, which also generates content from a text description.
Behind Bing Image Creator is an advanced version of Dall-E,…
The US will extend protection to banks in the face of the financial situation
The United States Secretary of the Treasury, Janet Yellen, is considering expanding the protection of depositors from other small entities under conditions similar to those of the intervention of Silicon Valley Bank (SVB) and Signature…
Entrepreneur bets $1 million that Bitcoin will rise sharply
American businessman and investor Balaji Srinivasan has bet that the American economy is on the verge of collapse and that Bitcoin will see a meteoric price rise in the next three months due to hyperinflation in the United States.…
Netflix ad-supported plan surpasses one million subscribers
The cheapest plan with ads offered by the Netflix streaming content platform has exceeded one million users despite its slow start, which is leading this modality to consolidate itself as one of the pillars for the company's growth.
The…
Fed will try to keep the dollar liquid
The US Federal Reserve (Fed) announced a coordinated plan with five other central banks to keep the US dollar liquid during a series of bank failures in the US and Europe.
The plan will use currency swap lines between central banks to…
Android 14 will notify when the battery is at a “very low” level
The next version of Android will incorporate a new alert for when the user is about to run out of battery, along with other innovations that Google is working on, such as the image selector or greater efficiency in app updates from…
Spotify will have sound in HiFi
Spotify confirmed that the high-quality sound and lossless HiFi version of the platform is still standing and will "come at some point", noting that it was not released earlier because "the industry changed and we had to adapt".
The…