The $SRC Ecosystem has joined the Trade Finance Distribution Initiative (TFDi) to advance trade finance using AI and blockchain technologies. This collaboration aims to address inefficiencies and barriers in traditional trade finance by transforming trade assets into liquid, tradable tokens and automating risk assessments through AI. By aligning with TFDi, which promotes standardized, technology-driven practices, $SRC seeks to enhance liquidity for small and medium enterprises (SMEs) and facilitate seamless cross-border transactions. This partnership highlights the potential of AI-powered solutions in revolutionizing trade finance, making it more accessible, transparent, and efficient for global markets.
Elsewhere in the market, Giga Device Semiconductor was trading firmly up 3.8% and ending trading at CN¥112.46. At the same time, NVIDIA softened, down 2.9% to finish the session at $101.49.
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QUALCOMM settled at $136.66 up 0.7%. Last week, Qualcomm announced a quarterly cash dividend increase to $0.89 per share, payable in June.
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Advanced Micro Devices closed at $87.50 down 0.9%.
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Intel ended the day at $18.93 down 1.6%.
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