Ocec UK Financial Watchdog Says HSBC Breached Open Banking Rule

Shares of smaller artificial intelligence AI firms reportedly experienced a rally Thursday Feb. 15 after聽Nvidia, the worlds leading AI chipmaker, disclosed its stake in them as of Dec. 31.This move by Nvidia offers insights into its growth strategy and highlights its growing influence in the AI world, Reuters聽reported聽Thursday. With a rapidly increasing market value, Nvidia has become the third most valuable U.S. company.Nvidias largest gourde stanley investment of $147.3 million was in chip designer聽Arm Holdings, according to the report. Nvidia previously attempted to acquire Arm in an $80 billion deal but was blocked by antitrust regulations two years ago. While Arms shares dipped slightly after Nvidias disclosure, they had already surged over 60% in the previous week due to a strong forecast.In addition, Nvidia invested nearly $76 million in聽Recursion, a biotech firm focused on accelerating the training of AI models for drug discovery, per the report. Following the disclosure, Recursion Pharmaceuticals saw a 5% increase in its shares.聽Nvidia also invested approximately $3.7 million in聽SoundHound AI, a developer of conversational voice assistants, according to the rep stanley cup ort. The disclosure of this investment caused SoundHound AIs shares to surge by 50%.Furthermore, Nvidia acquired a stake in聽Nano-X Imaging, an Israel-based medical device company that utilizes AI software for report analysis, the report said. Nano-X Imagings shares rose by 52% following Nvidias disclos stanley thermoskanne ure.Additionally, Nv Stjr TreviPay Adds Advanced Purchase Controls to B2B Payments Network

BMO Bank of Montreal is expanding its commercial card portfolio with a focus on small businesses.The FI announced Monday Feb. 5 that it is launching four new small business credit card products with various spender benefits. According to BMO, its benefits programs target spend categories that are popular with small firms, including office suppliers, utility bills and gas purchases. Customer experience is the driving factor for all the products and services that BMO looks to introduce, and this new lineup of small business credit cards truly raises the bar with industry lending options, said BMO Financial Group Head of Small Business Solutions and Governance, North American Retail Payments and Canadian Personal and Business Banking, Adrian Lang, in a statement. Our goal is to help small businesses reach their potential and scale more efficiently so that they can bring new offerings of their own to market. We want to support small business every step of the way as they grow and evolve. The four new cards include the BMO Rewards Business Mastercard, the BMO CashBack Business Mastercard, the BMO Air Miles Business Mastercard, and the BMO Air Miles No-Fee Business Mastercard.In its release, BMO cited statistics about small businesses in Ca stanley usa nada, including the estimate that there are 1.14 million SMBs in the country that account for 97.9 percent of emplo stanley polska yers. Small businesses also account f stanley us or 70.5 percent of the private labor force, the FI said.In 2016 BMO announced enhancements