South Korea prepared a corporate financial support program worth $57 Billion

A financial support program worth 75.9 trillion won ($56.97 billion) has been prepared by South Korea for companies that are investing more in critical sectors and small businesses that are having trouble paying high-interest rates. The Financial Services Commission said on Thursday that commercial banks will also contribute 20 trillion won to support small and…

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The Godfather of AI leaves Google after a decade to warn the world about the threat of AI

Geoffrey Hinton, ‘the Godfather of AI’ received his Ph.D. in artificial intelligence 45 years ago and has remained one of the most reverential voices in this field. For the past decade, Hinton worked at Google, between the company’s Silicon Valley headquarters and Toronto. But he has quit Google, and he told the New York Times that he will…

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HSBC announced a deal to buy the UK Subsidiary of collapsed US Silicon Valley Bank

HSBC announced a deal to buy the U.K. arm of collapsed US tech startup lender Silicon Valley Bank. HSBC agreed to buy the SVB U.K. for £1. The transaction excludes the assets and liabilities of SVB U.K.’s parent company. HSBC Group CEO Noel Quinn, “The acquisition strengthens our commercial banking franchise and enhances our ability to serve…

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