FinVolution (FINV) Reports Strong Profits as AI Optimizes Credit Lifecycle [Yahoo! Finance]
FinVolution Group American Depositary Shares (FINV)
Company Research
Source: Yahoo! Finance
On March 19th, the stock market bounced back after the US Federal Reserve kept interest rates unchanged at 4.25% to 4.5%. The Fed also anticipated two rate cuts this year despite elevated inflation. The S&P 500 index was up over 1%, while the Nasdaq Composite jumped by well over 200 points. The rally was led by the magnificent seven stocks after weeks of market declines amid trade wars and disappointing economic data. Elsewhere, AI continues to transform industries and individual lives, from AI nurses reshaping hospital care to schools reporting that students are learning faster and more effectively with AI. Furthermore, AngelList CEO Avlok Kohli claimed that all software companies are AI companies now. “The enthusiasm into AI actually carries over into everything, which effectively impacts all startups,” said Kohli when asked if investors are as excited about emerging startups outside of AI. Meanwhile, security risks surrounding AI continue to loom. Computer scientist and AI
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