The Venezuelan Franchise Chamber (Profranquicias) indicated during the Focus On! 2026 event that the sector could experience 15 % growth in Venezuela thanks to the impetus provided by international brands.

Business leaders who participated in the event analyzed the cultural transformation and digital innovation in the Venezuelan franchise market, as well as the dynamism of the food, retail, and service sectors.

Raúl Angulo, president of Profranquicias, explained that “more than 75 brands currently operate in the country, distributed across 2,500 points of business, generating more than 44,000 direct and indirect jobs.”

Other topics addressed at the event included “market restructuring and operational scaling of the sector in Venezuela”; leadership in the face of the new demographic and technological realities of the Venezuelan labor market; and cultural transformation and operational resilience as prerequisites for strategic growth in the country’s current economic phase.

M.Pino

Source: eldiario

(Reference image source: Memento Media on Unsplash)

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Microsoft has ambitious plans to boost the development of Artificial Intelligence (AI) in Spain. According to Brad Smith, president of Microsoft, the company will invest 1.95 billion euros in this effort during the years 2024 and 2025.

The announcement was made during a meeting with the head of the Spanish government, Pedro Sánchez. The investment aims to promote digital innovation and the responsible use of AI.

This figure represents Microsoft’s largest investment in Spain since the company established its presence in the country 37 years ago. In addition, it exceeds by four times the amount that the US technology has previously allocated to the Artificial Intelligence and Cloud (cloud) infrastructure in Spain.

Among Microsoft’s plans is the opening of a Cloud Region of Data Centers in the Community of Madrid. In addition, the company intends to build a Data Center Campus in Aragon, which will offer services to European companies and public entities.

These two infrastructures, partly financed by the €1.9 billion, will allow Microsoft to provide cloud services and offer Artificial Intelligence solutions to companies and public administrations in Spain and Europe.

K. Tovar

Source: El País

(Reference image source: Unsplash+)

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The United States Federal Reserve (FED) conducted a survey of a group of national and international banks where 40 % certified their interest in including and developing, in the short and medium term, products related to Bitcoin technology.

The Survey of Senior Financial Officials (SFOS), aims to obtain information on the “interests of banks both inside and outside the United States” and the third part of the questionnaire specifically emphasizes digital innovation.

The FED applied the questionnaire to 80 financial institutions, of which 46 are in the United States and 34 international, but the institution’s report does not reveal the names of the banks that participated in the study.

Of the total number of participating institutions, 40 % stated that they had between high and medium priority in “the development of products related to Bitcoin technology, such as DLT (distributed accounting technology) or cryptographic digital assets.

Evolution of technology

Forty percent of financial institutions stated that within 5 years they are interested in developing Bitcoin technology. While only 27 % plan to do so in the short term, that is, within the next two years.

Seventeen percent of banks surveyed did not rate their level of interest in the technology. However, the majority stated that they are monitoring the evolution in the use of Bitcoin technology and the type of products and would be willing to make the necessary adaptation in their bank.

As it is in the public domain, both the moral and philosophical principles that support bitcoin technology are very different from those of banks. However, the financial sector has been developing some adaptations to try to “make the most of the technology that is part of Satoshi Nakamoto’s creation.”

M. Rodríguez

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Source: hoycripto.com

La entrada 40 % of banks want to develop Bitcoin technology apareció primero en Bitfinance.