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Artificial intelligence (AI) software code generation firm Cognition is now a $10 billion company.
The startup announced Monday (Sept. 8) that it had raised $400 million in a funding round, the latest in a series of AI firms seeing their valuations skyrocket recently.
“We founded Cognition last year to build the future of software engineering,” Co-founder and CEO Scott Wu wrote on the...
Qualcomm Technologies and Google Cloud have partnered to provide automakers with tools they can use to add artificial intelligence (AI) agents to their vehicles.
This collaboration brings together Google Cloud’s Automotive AI Agent, which facilitates the creation of AI agents, and Qualcomm’s Snapdragon Digital Chassis, an open platform designed for building the “software-defined...
The SEC is upping its efforts to fight cross-border fraud targeting American investors.
A new cross-border task force, announced by the Securities and Exchange Commission (SEC) Monday (Sept. 8), will initially focus on investigating possible securities law violations connected to overseas companies, including market manipulation such as “pump and dump” schemes.
“We welcome companies...
Foot Locker is now officially a part of Dick’s Sporting Goods.
Dick’s announced Monday (Sept. 8) that it had concluded its $2.4 billion acquisition of the footwear and sporting goods chain. This purchase gives Dick’s a greater piece of the sneaker market, as it now operates more than 3,200 stores, while positioning it to expand on an international basis.
“We are excited to officially...
While stablecoin debates often focus on transparency, reserve quality, and systemic contagion, the greatest risk could be far more mundane: math.
As USD-pegged stablecoins increasingly flood the marketplace competing for users, liquidity splinters across platforms and may prevent most from ever achieving operationally effective adoption. As a result, countless stablecoins, whether...
Data analytics firm Databricks is closing a $1 billion Series K funding round that values it at over $100 billion, up from $62 billion at the beginning of the year.
The company will use the new capital to accelerate its launch of new artificial intelligence (AI) products that help companies deploy AI apps and agents, it said in a Monday (Sept. 8) press release.
Databricks’ AI strategy...
PNC Bank is looking westward with its acquisition of Colorado-based lender FirstBank.
The $4.1 billion deal will make Colorado one of PNC’s top markers in the country, more than tripling its branch network there, according to a Monday (Sept. 8) press release. PNC will become Denver’s top bank in terms of retail deposit and branch share, at respective 20% and 14%.
Denver will also...
OpenAI is reportedly getting into the movie business.
The artificial intelligence (AI) startup is lending its resources to help create a feature-length animated film made largely with AI that is expected to be released next year, The Wall Street Journal (WSJ) reported Monday (Sept. 8).
The movie is called “Critterz,” an adventure featuring a cast of woodland creatures, and comes from ...
The U.K.’s IPO drought from last year has reportedly carried over into 2025.
Just seven companies have floated and raised capital on the London Stock Exchange (LSE) this year, the Financial Times (FT) reported Monday (Sept. 8), citing data from Dealogic.
That’s compared to 231 companies in the U.S., the report said, adding that nine companies had floated during the same time frame last...
More than 80% of the world’s bitcoin ATMs are found in the United States.
And as noted in a Financial Times opinion piece Friday (Sept. 5), these ATMs appear to be clustered in Black, Latino and lower-income communities, similar to payday lenders and check-cashing operations.
“Providers have denied targeting areas based on any racial profile,” writes Dedrick Asante-Muhammad, president...