The Business & Technology Network
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Google has extended its voluntary exit program with severance to U.S.-based employees in more of its teams. [contact-form-7] The program was made available Tuesday (June 10) to the company’s Core (central engineering), Marketing, Research, Knowledge & Information (K&I; Search, Ads, Geo and Commerce) and Communications teams, Google told PYMNTS Wednesday (June 11). The voluntary exit...
Meta has introduced a model to help train robots and other artificial intelligence (AI) agents. [contact-form-7] V-JEPA 2, announced Wednesday (June 11), is designed to help AI agents “understand the physical world and predict how it will respond to their actions,” Meta said on its blog. The tech giant says these capabilities are key to developing AI agents that think before acting,...
Stripe is deepening its involvement in the digital assets space by acquiring crypto firm Privy. [contact-form-7] Privy, which helps companies build crypto wallets, announced the deal on its website Wednesday (June 11). Terms of the purchase were not disclosed. “Today, digital ownership and the financial systems that run the modern world are intersecting as never before,” Privy CEO Henri...
France took a major step forward in asserting its artificial intelligence (AI) power Wednesday (June 11) as home-grown startup Mistral AI and U.S. chipmaker Nvidia announced a landmark partnership to develop next-generation AI cloud services in France. [contact-form-7] During a high-profile panel at the Viva Tech 2025 conference, French President Emmanuel Macron, Nvidia CEO Jensen...
European payment technology company Paynt has acquired Canadian payment processor E-xact Transactions to accelerate its expansion across North America. [contact-form-7] The transaction gives Paynt a new operational hub in Vancouver, Canada, that joins its existing regional offices in the U.K., Ireland, the Baltic States and the U.S., the company said in a Wednesday (June 11) press...
Databricks reportedly projects that its data warehousing business will almost double in size this year. [contact-form-7] The company is also introducing a new database product that it hopes will enjoy a similar growth trajectory, Bloomberg News reported Wednesday (June 11). A company spokesperson told the news outlet that Databricks expects $1 billion in revenue run rate for Databricks...
Where a business spends its money determines its strategy. [contact-form-7] For years, digital transformation took the lion’s share of investment, as companies wanted to move fast and capture new efficiencies to compete with even faster-moving, more operationally streamlined firms. Today, however, enterprise digital transformation at the highest level is no longer just about buying...
Worldpay is expanding its partnership with Visa to enhance that company’s 3D Secure solution. [contact-form-7] This tool, Worldpay said in a Wednesday (June 11) news release, helps merchants reduce fraud while easing consumer friction and boosting authorizations. “Fraud mitigation isn’t just an on or off switch; rather, it’s a balance that requires merchants to understand how security,...
Stax Payments has appointed Paysafe and FIS veteran Kevin Wall as chief financial officer, saying he will spearhead the payment technology provider’s next chapter of strategic expansion. [contact-form-7] Announcing the appointment in a Wednesday (June 11) press release emailed to PYMNTS, Stax highlighted Wall’s experience leading the finance organizations at top payments companies,...
Nvidia and Perplexity partnered to facilitate the deployment of sovereign artificial intelligence models across Europe and the Middle East. [contact-form-7] The project will aid in the deployment of AI models that reflect the regions’ languages and cultures and store the data locally, the companies said in separate Wednesday (June 11) announcements. The first European models are...