Tech
Meta’s innovative ImageBind artificial intelligence technology. HSBC enters the crypto space with new services in Hong Kong
The breakthrough is expected to impact the path of the AI industry
Good morning tech family, here are some quick tech updates for you to follow!
Today’s news: KPMG announces a new round of layoffs that will affect 5% of US employees.
Quick insights: HSBC enters the crypto space with new services in Hong Kong.
In recent months, discussions about artificial intelligence have taken over the world. The introduction of ChatGPT, OpenAI’s innovative new language model that produces authentic human-sounding text in response to signals and questions, has contributed to the current wave of excitement around artificial intelligence. Google then released Bard AI, a chat service that used artificial intelligence to take data from the internet and produce responses that resembled those of a human.
In response to “economic headwinds, combined with historically low attrition,” a KPMG representative said Monday that the Big Four accounting giant is laying off 5% of its U.S. workforce. At the end of its most recent fiscal year, which ended Sept. 30, the company had nearly 39,000 employees. The first of the world’s four largest accounting firms to reduce employment in the country was KPMG, which, according to a Financial Times article, cut about 2% of its U.S. staff in February.
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Hong Kong’s largest bank, Hong Kong and Shanghai Banking Corporation (HSBC) is said to have launched its first local cryptocurrency services. Local journalist Colin Wu tweeted on June 26 that HSBC has made it possible for its clients to buy and sell exchange-traded funds (ETFs) built on the Bitcoin platform. The article states that HSBC would sell bitcoin ETFs listed on the Hong Kong Stock Exchange. CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF are the three crypto ETFs currently available on the exchange’s listing.