Feed Items
Swedish electric vehicle brand Polestar has gained a $200 million equity investment from PSD Investment, which is an existing investor and is controlled by Geely Holding Group Founder and Chairman Shufu Li.
[contact-form-7]
“Polestar intends to use the proceeds from the equity investment for working capital requirements and general corporate purposes,” the automaker said in a Monday (...
Humanoid robots could reportedly begin helping assemble Nvidia artificial intelligence servers at a factory in Houston by the first quarter of 2026.
[contact-form-7]
That is the goal of Nvidia and Foxconn, Reuters reported Friday (June 20), citing unnamed sources. The companies are expected to finalize the deployment within months.
It is not clear what type of humanoid robots would be...
Republicans’ plan to defund the Consumer Financial Protection Bureau (CFPB) as part of President Donald Trump’s tax and spending bill, the “Big, Beautiful Bill,” has suffered a setback by the Senate parliamentarian.
[contact-form-7]
The parliamentarian ruled that this and several other proposals violated Senate rules that require the legislation to include only measures that affect the...
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31.
[contact-form-7]
In response, the company’s CarMax Auto Finance (CAF) business boosted its provision for loan losses during the quarter to $101.7 million, up from $81.2 million in the same quarter a year earlier, according to a Friday (June 20) earnings release.
“CAF’s loan loss...
Uber Technologies’ artificial intelligence (AI) data services business, Uber AI Solutions, has added new solutions and now makes them available to AI labs and enterprises in 30 countries.
[contact-form-7]
Uber AI Solutions offers other businesses solutions that Uber has developed over the past decade while using data and AI in its own operations, the company said in a Friday (June 20) ...
For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set schedule of money movement.
[contact-form-7]
The systems are creaky and limited in an age where money movement now is moving toward instant status, and stablecoins are becoming more mainstream. Neobanks and FinTechs...
Multiplier Holdings announced its public launch Wednesday (June 18), saying it had raised $27.5 million in seed and Series A funding to acquire professional services firms and enhance them by integrating its proprietary artificial intelligence automation.
[contact-form-7]
The company is looking to transform additional tax, accounting, specialized advisory and other professional services...
As cyberthreats scale in both volume and sophistication, enterprises are being forced to reevaluate the assumptions of digital security.
[contact-form-7]
In the midst of this reformation, protecting one of the most overlooked but vulnerable parts of the enterprise, disconnected applications, is becoming crucial. For financial institutions, where trust is paramount and the attack surface...
New analysis challenges conventional assumptions about consumer credit reliance, revealing that financial stability — not merely income — is the primary determinant of how consumers use credit, from lifeline necessities to strategic rewards.
[contact-form-7]
The PYMNTS Intelligence report “Financial Lifestyles Shape Credit Reliance” highlighted a more complex relationship between...
For years, B2B payments innovation has focused on driving forward the shift from paper checks to digital platforms.
[contact-form-7]
But this transition has been both a long time coming and surprisingly resistant to full adoption. Despite widespread awareness of the benefits of digital payment systems, particularly virtual cards, many companies remain stuck in legacy processes.
The...