18 August 2023
18 August 2023
UK inflation stood at 6.8% in the 12 months to July 2023, down from 7.9% in June. This is good news, but why is the rate remaining so stubbornly high?
Sweden's Nefab Packaging will open the 11,000m² manufacturing facility close to the port in Gdańsk, Poland.
Germany's Infineon Technologies will expand its facility in Malaysia's Kulim Hi-Tech Park to manufacture chips to be used in EVs.
German digital solutions provider Cloudflight is expanding its presence in Amsterdam by opening a new office in the city.
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The AI market is expected to achieve a CAGR of more than 35% between 2022 and 2030, per GlobalData estimates. The launch of ChatGPT in November 2022 sparked renewed interest in AI, whose key use cases in the financial services sector range from enhancing customer interactions through chatbots to providing better loan terms through data-driven risk assessments and the automation of laborious back-end processes. Companies in the industry must use AI technologies such as machine learning, computer vision and conversational platforms to achieve time and cost efficiencies and remain competitive.
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