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13.05.26 - 18:00
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Olea $30M Series A paves the way for AI-Powered trade finance, backed by BBVA and global investors (SCMP)
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[The content of this article has been produced by our advertising partner.]
The silent crisis in global trade
In the world of global trade, businesses of all sizes face a common challenge: lengthy payment cycles and complex cross-border processes that stifle growth and operational efficiency. Take Chinese suppliers shipping goods to retail giants like Walmart or Target. After delivering their products, they typically wait 45 to 90 days to get paid. This long cash conversion cycle strains even......
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13.05.26 - 17:30
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Chinese court awards compensation to sacked worker replaced by AI (The Guardian)
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Case attracts widespread attention as example of China balancing enthusiastic adoption of AI with job securityA court in China has ruled in favour of a worker whose company replaced him with artificial intelligence (AI), awarding him more than £28,000 in compensation.The worker, whose surname is Zhou, joined a tech company in the eastern city of Hangzhou in 2022 to work as a quality assurance supervisor overseeing large language models used in AI products. Continue reading......
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13.05.26 - 17:18
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Schwab Will Use AI To Serve Less-Affluent Customers (Bloomberg)
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Charles Schwab Corp. is planning to use artificial intelligence to extend benefits usually reserved for wealthy clients to the less affluent. CEO Rick Wurster said AI will be a "real accelerant" for the 55-year-old firm. He spoke with Carlyle Group Co-Founder and Co-Chairman David Rubenstein for an upcoming episode of Bloomberg Wealth. This interview was recorded May 1 in New York. (Source: Bloomberg)...
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