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Baseten secured $150 million in a Series D funding round to scale its inference platform and its team to meet growing demand for inference, the process of running artificial intelligence (AI) models.
This round nearly triples the company’s valuation from where it was six months ago, bringing it to $2.15 billion, according to a Friday (Sept. 5) press release.
Baseten’s platform is...
Watch more: The Unsexy Payment Infrastructure Powering the Future of eSports, Creator Economies
Most of the digital economy’s spotlight falls upon the glamorous. Think viral content, multimillion-dollar games and tournaments, blockbuster game launches, and influencer-driven brand deals.
But behind the glitz lies a stubborn bottleneck, the thorny question of getting money from companies...
Middle-market companies are caught between tariffs, interest rates and jittery supply chains, and how they borrow money says as much about their outlook as their balance sheet.
The PYMNTS Intelligence report “Lending in Uncertain Times: Strategic Shifts in U.S. Middle-Market Financing,” part of The 2025 Certainty Project, surveyed 60 payment executives at companies with revenues...
A trading week shortened by the Labor Day holiday brought slight gains to the FinTech IPO Index, which gained 0.5% overall.
Opendoor surged more than 48%, continuing a volatile streak of stock swings to and fro. The stock, which has achieved meme status, was noted this week on sites such as Yahoo Finance, which reported that Eric Jackson, the founder of EMJ Capital, has been...
For transformation to succeed, it needs to move beyond hype to hard numbers.
After all, executives can overestimate short-term gains and underestimate long-term phase-shifts when it comes to digital innovation.
But the PYMNTS Intelligence August 2025 CAIO Report, “From Experiment to Imperative: US Product Leaders Bet on Gen AI,” reveals that the adoption curve of generative artificial...
Dynamic pricing is having a dynamic week. On one hand, it has moved further into the mainstream, with FIFA confirming that tickets for the 2026 World Cup will fluctuate with demand. At the same time, California lawmakers killed two bills targeting algorithmic price-setting and narrowed a third to cover only grocery stores. The twin developments capture the policy-market split now shaping how...
Lululemon Athletica aims to leverage artificial intelligence (AI) and technology to enhance its ability to develop new products and bring them to market.
While reporting that the athletic apparel, footwear and accessories company is “not happy with the current results in the U.S. business,” Lululemon CEO Calvin McDonald said Thursday (Sept. 4) during an earnings call that it is making...
Financial infrastructure provider Stripe and crypto investment firm Paradigm have announced a “payments-first blockchain” called Tempo that is optimized for stablecoins and real-world payments.
Incubated by the two companies, Tempo is a new company that has its own full-time team and is led by Paradigm Co-Founder and Managing Partner Matt Huang, who will also continue in his role at...
Expanding access to credit remains one of the biggest challenges in consumer finance. Legacy systems continue to slow approvals, drive up costs, and limit access to capital. Figure Technology Solutions, in its public filing to offer about 26.3 million shares, is positioning itself as a company that can, among other things, modernize the consumer lending process by embedding artificial...
OpenAI is developing a jobs platform and a certification program designed to help workers and employers thrive in an economy that increasingly uses artificial intelligence (AI).
In a Thursday blog post announcing these new initiatives, Fidji Simo, CEO of applications at OpenAI, wrote that AI will unlock opportunities but will also be disruptive.
“At OpenAI, we can’t eliminate that...