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Germany-based DeepL, which provides an artificial intelligence-powered translation platform, is reportedly considering an initial public offering in the United States.
The company has talked with potential advisers and could launch an IPO as soon as next year, seeking a valuation of as much as $5 billion, Bloomberg reported Thursday (Oct. 2), citing unnamed sources.
The talks are...
Apple is pausing development of its next Vision Pro headset and shifting engineers toward smart glasses, according to Bloomberg. The move reflects the company’s recognition that lightweight eyewear powered by artificial intelligence is emerging as the next competitive arena. Meta’s Ray-Ban Display glasses, introduced this year, have already given consumers a glimpse of what AI wearables can...
FICO has introduced a program that lets mortgage lenders bypass working with credit bureaus.
With the FICO Mortgage Direct License Program, tri-merge resellers — mortgage specialists — can now calculate and distribute FICO Scores directly to their customers, eliminating reliance on the three credit bureaus.
The program was announced Wednesday (Oct. 1) and caught the attention of the...
Truist introduced a premium Visa card aimed at small business clients.
The Truist Business Premium Visa Infinite card makes the lender the first “super-regional” bank to offer a Visa Business Infinite product, according to a Thursday (Oct. 2) news release. The card is designed for small businesses with “meaningful annual spend.”
“This card is designed for business owners who want...
Robinhood’s CEO has reportedly predicted a worldwide spread of real-world asset tokenization.
“Tokenization is like a freight train. It can’t be stopped, and eventually it’s going to eat the entire financial system,” Vlad Tenev told a panel at a cryptocurrency conference in Singapore on Wednesday (Oct. 1).
“I think most major markets will have some framework in the next five years,”...
Tariff risks and uncertainty have become systemic to businesses.
Over 2,000 publicly traded companies in the United States mentioned tariffs during their quarterly earnings calls this year, the most in recorded history, The Wall Street Journal reported. According to estimates from JPMorgan, the average effective tariff rate in the U.S. now stands at nearly 16%, up from 2.3% at the end...
When a consumer walks into a store or scrolls through an online catalog, a moment of hesitation often intervenes: “Do I buy it now, or risk lingering doubts about whether I can afford it later?”
Seamlessly embedding financing at the point of sale (POS) short-circuits that hesitation, making the transaction feel natural and reducing the mental friction between “I want it” and “I’ll do...
Two local commerce platforms are combining as DoorDash has completed its acquisition of Deliveroo.
The completion of the deal follows its approval by a U.K. court, DoorDash said in a Thursday (Oct. 2) press release.
“The combination with Deliveroo with strengthen DoorDash’s position as a global leader in local commerce, enabling the combined entity to better serve businesses, consumers...
Europe’s financial risk regulator wants stronger regulations governing “multi-issuer” stablecoins.
At its meeting Thursday (Oct. 2), the European Systemic Risk Board (ESRB) said there should be stricter guidelines covering these coins, which are issued partly in the European Union and partly in other jurisdictions, according to a Thursday press release.
“[T]he general board stressed...
Digital financial services firm SoFi has announced a new expansion to its investing offering.
Options Level 1 has begun rolling out to SoFi Invest members, and will become available to all eligible members in the weeks ahead, the company announced Thursday (Oct. 2).
“One of the most consistent requests we heard from SoFi Invest members was access to Options Level 1 and we’re thrilled...