As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the House is still up for grabs as of Wednesday morning (Nov. 6). There’s at least some uncertainty removed from the...
The one-time head of Meta’s augmented reality glasses project is headed to OpenAI. Caitlin Kalinowski has been hired to oversee the artificial intelligence startup’s robotics effort, according to a Monday (Nov. 4) post on LinkedIn. Kalinowski began leading Meta’s AR glasses team in March 2022,...
A startup has built artificial intelligence systems that can reportedly match current capabilities while using fewer neurons, potentially slashing the massive computing costs that have kept many businesses from deploying AI. The “liquid neural networks” developed by MIT spinoff Liquid AI require only dozens of...
Major tech companies have spent over $30 billion acquiring artificial intelligence startups while facing mounting antitrust concerns, as states rush to fill the federal regulatory void with nearly 700 AI-related bills introduced in 2024 — an almost 400% increase from 2023. The flurry of activity...
September 18, 2024
The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. While stocks gyrated Wednesday and were down slightly in the afternoon, how the rate cuts will filter through the capital markets remains to be seen. Not just for consumers, but also for businesses. Clearing the Hurdle The cost […]
August 22, 2024
A new startup is addressing a significant challenge in artificial intelligence: enabling AI agents to independently manage financial transactions. San Francisco-based Skyfire has announced $8.5 million in seed funding from investors...
July 12, 2024
Earnings season’s about to begin – on Friday, but the FinTech IPO Index’s 3.4% rally these past five sessions came amid several new partnership announcements. Upstart Leads the Momentum Upstart...
July 11, 2024
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments,...
November 06, 2024
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation within Africa, according to a Wednesday (Nov. 6) news release emailed to PYMNTS. In doing so, the payments giant aims to foster the development of […]
November 05, 2024
The one-time head of Meta’s augmented reality glasses project is headed to OpenAI. Caitlin Kalinowski has been hired to oversee the artificial intelligence startup’s robotics effort, according to a Monday...
October 27, 2024
While this year hasn’t seen an initial public offering (IPO) rebound, the CEO of Nasdaq reportedly isn’t surprised. That’s according to a report Sunday (Oct. 27) by TechCrunch, citing Adena...
October 21, 2024
Procurement startup Zip secured $190 million in Series D funding, increasing its valuation to $2.2 billion (up from $1.5 billion in 2023). The investment is one of the largest in...
