Feed Items
American Express isn’t waiting for the economy to make up its mind. It’s already betting cardholders will keep spending even as headlines wobble from “soft landing” to “hard stop.”
[contact-form-7]
That bet was on full display during the company’s Q2 earnings call Friday (July 18), where the company announced record revenue, a bullish outlook for the rest of the year and a few notes of...
Fortunes are being spent in artificial intelligence (AI), with Perplexity, Thinking Machines and Anthropic attracting billions from investors. Meanwhile, Google, Meta and Blackstone have pledged to spend billions building AI data centers. Here is this week’s top news.
[contact-form-7]
Leading AI Startups Net Billions in Fundraising
AI search startup Perplexity is now worth $18 billion...
Meta will not sign the European Commission’s code of practice for general-purpose AI models, Chief Global Affairs Officer Joel Kaplan said in a Friday (July 18) post on LinkedIn.
[contact-form-7]
“This Code introduces a number of legal uncertainties for model developers, as well as measures which go far beyond the scope of the AI Act,” Kaplan wrote in the post.
Kaplan added that more...
Meta reportedly continued its artificial intelligence (AI)-focused hiring spree by adding two AI researchers who had worked for Apple.
[contact-form-7]
The company hired Mark Lee and Tom Gunter, who will join its new Superintelligence Labs team, Bloomberg reported Thursday (July 17), citing unnamed sources.
Lee has started at Meta, while Gunter will do so shortly, according to the...
Regions Financial Corp.’s investments in technology and talent drove 10% year-over-year growth in revenue in the second quarter, bringing the regional bank’s total revenue for the quarter to $1.9 billion, according to a Friday (July 18) earnings release.
[contact-form-7]
“We are very proud of our second-quarter performance as we continue to reap the benefits of the investments we’ve...
OpenAI is rolling out a major update that transforms ChatGPT from a conversational AI tool into a fully agentic system, capable of executing complex tasks using its own virtual computer and a suite of built-in tools.
[contact-form-7]
This new capability, available to Pro, Plus and Team users through a feature under tools called “agent mode,” enables ChatGPT to navigate websites, prompt...
The total value of the cryptocurrency market hit an all-time high Thursday (July 17), surpassing the $4 trillion milestone, crypto data aggregator CoinGecko said in a post on social platform X.
[contact-form-7]
An image included in the post showed that the market cap reached $4,001,350,396,696.
JUST IN: The total crypto market cap has hit a new ATH of $4T. pic.twitter.com/gE8hRFegwz
—...
Perplexity AI, the generative AI search startup, has secured $100 million in new capital, boosting its valuation to $18 billion, Bloomberg reported. The deal extends a recent funding round that had previously valued the company at $14 billion and highlights the continued enthusiasm among investors for top-tier AI ventures.
[contact-form-7]
Founded in 2022, Perplexity has rapidly scaled...
Watch more: Unified Commerce Starts With the Modern POS
[contact-form-7]
The traditional brick-and-mortar retail store is undergoing a transformation, evolving from a transaction point into a sophisticated command center designed to enhance visibility, deepen engagement and improve operational efficiency.
At the forefront of this shift is the concept of unified commerce.
Nikki Baird,...
For millions of smaller businesses across America, the ubiquitous credit card has become less of a standard payment tool and more of a financial lifeline. Staring daily at fluctuating revenue, tight cash flow and a banking system that can treat them as second-tier borrowers, small and medium-sized businesses (SMBs) are turning to both personal and business credit cards to patch funding gaps for...