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"Good Luck Fish," lifestyle brand 2nd universe's updated version of the dried pollack tied with silk yarn tradition [2ND UNIVERSE] The city of Seoul has a fantastic collision of old and new. In between its modern buildings, the city boasts beautiful ancient palaces and traditional houses that harmonize with nature. Trendy buildings these days seem to be bringing that power of Seoul’s contrasting beauty into their designs as many of them have fused the modern with the traditional, like the renovated hanok (traditional Korean building) cafes in Samcheong-dong, or newer buildings that feature traditional Korean designs. Whatever the method may be, the vibe is still very natural, boosting the understated charm that represents Korea's capital city. Branching off of these efforts, many brands are taking on the challenge of mixing and matching traditional Korean elements while still staying up-to-date on trends. The following is a selection by the Korea JoongAng Daily of local … [Read more...] about Korean design jumps on the K-history bandwagon with traditional motifs

Google unveiled 'Bard' - an AI conversation service to take on ChatGPT. Google on Wednesday announced a slew of features powered by Artificial Intelligence (AI), but a mistake in an ad caused its share price to tank. The search engine giant is rushing into the space after the bot ChatGPT caught the imagination of web users around the world with its ability to generate essays, speeches and even exam papers in seconds. Microsoft has announced a multibillion-dollar partnership with ChatGPT maker OpenAI and unveiled new products on Tuesday, while Google tried to steal the march a day earlier by announcing its "Bard" alternative. The bots are quickly being integrated into search engines and Google is battling to preserve its two-decade dominance of the web search industry. But astronomers on Twitter quickly noticed that Google's Bard had given out an error in an ad on Twitter touting its new technology. Read More In the ad, the bot was asked about what to … [Read more...] about Google’s AI chatbot ‘Bard’ offered incorrect information in company ad

Sameer Nigam, PhonePe Digital payments decacorn PhonePe aspires to become a bank, but it is in no hurry, said founder and CEO Sameer Nigam. He added that PhonePe is aiming to become a full-fledged financial services super app. Answering a question at a CNN News18 Townhall in Bengaluru on whether PhonePe would ever become a bank, Nigam said that the company first needs to mature and grow to a different level to become a bank. “We need to grow on a whole different level — we have not grown enough. We are a seven-year-old tech startup — you don’t wanna put deposits in our bank right now. The answer may change in 10 years, but we are not there yet,” Nigam said. According to data released by the National Payments Corporation of India (NPCI), PhonePe continues to be the top player in the Indian payments ecosystem and accounted for nearly 50 percent of all UPI transactions processed in December 2022. “When we started, we never thought we would be an insurance broker or a mutual … [Read more...] about We need to grow first: Sameer Nigam on whether PhonePe will become a bank

Photos of a 32-year-old suspect who fled after allegedly murdering a convenience store owner in Incheon and removing the electronic monitoring tag worn on his ankle Wednesday night. [INCHEON PROBATION OFFICE] Police are in search of a 32-year-old man who fled after allegedly murdering a convenience store owner in Incheon and removing the electronic monitoring tag worn on his ankle. Police in Incheon say the man is suspected of killing a convenience store owner in Gyeyang District, Incheon at around 10:52 p.m. on Wednesday. The man, who was under surveillance due to a past conviction for robbery, removed his electronic monitoring tag about an hour after he allegedly murdered the shop owner. According to the police, the suspect fatally stabbed a convenience store owner near his home in Gyeyang and left the store after taking cash from the counter. A customer who visited the store afterwards called the 119 emergency hotline, but by the time rescuers arrived, the owner was … [Read more...] about Police search for suspect in Incheon murder

Apparently, when President Joe Biden goes off script, the truth comes out. During last night’s State of the Union speech, he made a stunning admission to the entire country, on live television, about why energy prices are so stubbornly high. While railing against oil industry profits, he said : Last year, they made $200 billion in the midst of a global energy crisis. I think it’s outrageous. Why? They invested too little of that profit to increase domestic production, and when I talked to a couple of them, they say, “We’re afraid you’re going to shut down all the oil wells and all the oil refineries anyway, so why should we invest in them?” Got that? Biden just admitted to the entire country that companies aren’t drilling more because of his own actions toward the oil and gas industry. Now, this isn’t a surprise to those of us who follow this issue closely – heck, one of his first actions was killing the Keystone XL oil pipeline and halting new oil and gas drilling on … [Read more...] about BASTASCH: You Might Have Missed This, But Biden Just Made A Stunning Admission About His Energy Agenda

Share to Twitter Share to Linkedin Topline Sen. John Fetterman (D-Penn.) has been hospitalized overnight after feeling lightheaded, his staff said in a statement late Wednesday, months after Fetterman suffered a stroke on the campaign trail that became a central focus of his midterms race. Key Facts Fetterman “began feeling lightheaded” at the end of a Senate Democratic retreat Wednesday, his communications director Joe Calvello said in a statement , and left to have his staff take him to The George Washington University Hospital. The senator is remaining overnight for observation. Initial tests did not show evidence of a stroke, Calvello said, but the hospital is performing additional tests. The senator is “in good spirits and talking with his staff and family,” Calvello said. Key Background Fetterman suffered a stroke in May 2022, days before his primary election. The senator returned to the campaign trail in August, but … [Read more...] about Sen. John Fetterman Hospitalized After Feeling ‘Lightheaded’ Months After Stroke

Many once-promising financial startups are cash-strapped; others have broken business models. By Jeff Kauflin & Emily Mason ; Illustration by Matt Chase for Forbes ON November 15, the cofounders of Ribbon Home, a five-year-old financial technology company that promised to fix a “broken” homebuying market by offering buyers the ability to make all-cash offers, sent a cryptic and disconcerting email to its entire staff. “During this time of uncertainty, we ask team members who are not customer- or finance-facing to shift their focus from work to self-care, spending time with family and doing things that bring you comfort,” it read in part. Six days later, New York City-based Ribbon dismissed 85% of its staff—190 people—and cut severance to one week’s pay versus the six weeks employees had been previously promised. Fewer than 30 people remain today, and the company recently announced that it has paused all new business. Ribbon’s days are … [Read more...] about Merge Or Perish: 25 Struggling Fintech Startups

Inside the chaos at Synapse, where questionable management tactics by CEO Sankaet Pathak have left the company with its future in jeopardy. I n July 2019, the 29-year-old CEO of San Francisco financial technology startup Synapse scolded five of his engineers for not making faster progress. “Do you even enjoy this project?” Sankaet Pathak asked. “Not really,” the team’s leader answered. “That’s it, you’re out,” Pathak declared, firing the employee on the spot in front of his colleagues. Synapse’s Human Resources director, Juan Aguayo, confiscated the terminated worker’s key card and computer. But as Aguayo spoke, he received a message on his laptop, and his tone started to change. Minutes later, he said to the engineer, who was now crying, “Don’t worry, you’re not fired.” The dazed, confused employee went back to his desk. Pathak never spoke to him about the incident again, acting like it never happened. The engineer started looking for a new job the following week … [Read more...] about Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup

Share to Twitter Share to Linkedin OBSERVATIONS FROM THE FINTECH SNARK TANK This year’s steady stream of staff layoffs by technology companies began in the summer of 2022 when fintechs started cutting staff as valuations fell. In an article titled In Fintech, 2022 Is Becoming The Year Of The Layoffs , Jeff Kauflin wrote: “Rising interest rates, worries of an impending recession and an abrupt slowdown in venture investment has caused fintech founders to aggressively reduce expenses. Every corner of the fintech industry is feeling the squeeze.” In the early part of 2023, the layoff parade has continued and spread to BigTech and established fintech companies. PayPal, for example, announced it would reduce its workforce by about 7%, roughly 2,000 jobs. That comes on the heels of news from Google that it plans to terminate 12,000 jobs and from Microsoft who will slash 10,000 positions. A comment from PayPal CEO Dan Schulman could have come … [Read more...] about The Hypocrisy Of Layoffs At Google, Microsoft, And PayPal

Share to Twitter Share to Linkedin OBSERVATIONS FROM THE FINTECH SNARK TANK It seems unfair to name winners and losers in fintech for 2020. We should give the losers a pass because of the year we just had, right? This is the Fintech Snark Tank, folks—pity is for pansies. Let’s get to the lists. The Winners 1) Stripe With plans to raise another round of funding that could value the company at nearly $100 billion, no fintech company is as hot as Stripe. And the ratio between the firm’s valuation and the number of people who know what Stripe does is astronomical. The payment acceptance company benefitted greatly as the global pandemic forced people to buy online instead of in-person. But that’s not the only reason Stripe is a fintech winner for 2020. It continues to innovate and recently announced the launch of Stripe Treasury which will: “Enable platforms like Shopify to offer merchants access to financial products. Platforms can offer … [Read more...] about The Winners And Losers In Fintech And Banking In 2020