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CarParts.com CEO David Meniane led the company’s Tuesday (Aug. 12) earnings call by saying that it remains engaged in exploring strategic alternatives and is “highly confident” that it is nearing completion of this process.
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“We’re currently evaluating several different transaction structures, including a potential sale of the company and strategic investments that we...
The Russian government is allegedly “at least in part responsible” for a data breach targeting the U.S. court filing system, PACER.
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The hackers searched for “midlevel criminal cases” in several jurisdictions, including New York City, TechCrunch reported Tuesday (Aug. 12), citing a paywalled article by The New York Times that is based on anonymous sources.
The report...
OpenAI is reportedly in talks to invest in a new venture that aims to connect human brains with computers.
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The venture, Merge Labs, seeks to raise $250 million at an $850 million valuation, and much of the funding is expected to come from OpenAI’s venture team, the Financial Times (FT) reported Tuesday (Aug. 12), citing unnamed sources.
OpenAI CEO Sam Altman has...
Securities and Exchange Commission (SEC) Commissioner Hester Peirce reportedly said Tuesday (Aug. 12) that the market will determine the winners among different forms of tokenized securities and other real-world assets.
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During an interview with Bloomberg Television, Peirce said that the SEC is “willing to work with people who are taking different approaches,” Bloomberg ...
Paysafe’s shares leaped on the heels of earnings Tuesday (Aug. 12) that noted organic growth in eCommerce and digital wallets-related revenues, while transactions were higher by double digits.
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The earnings materials stated that the enterprise growth and sales pipelines are “robust,” and transaction volumes were 10% higher year on year to $41.8 billion.
CEO Bruce...
A new study from Stanford University and MIT is shedding light on whether adopting generative artificial intelligence (AI) is worthwhile for accountants at small- to medium-sized companies. The short answer: Yes.
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In a survey of 277 accountants and proprietary data from 79 small- and mid-sized firms, the researchers found that gen AI makes users more productive and lets...
A former OpenAI researcher with no professional investing experience has founded an artificial intelligence (AI) startup that reportedly now manages $1.5 billion in assets.
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Leopold Aschenbrenner is the founder of Situational Awareness, a hedge fund that raised money more quickly than pedigreed portfolio managers that go solo, according to The Wall Street Journal (WSJ)....
Global digital sports platform Fanatics launched an enterprise-wide loyalty program.
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The new Fanatics ONE is the company’s first loyalty program that offers rewards and experiences across its businesses, including fan apparel, trading cards and collectibles, online sports betting and casino rewards, and access to events, Fanatics said in a Tuesday (Aug. 12) press...
Money transfer company Wise says it is taking part in Google’s new remittance offering.
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The collaboration, announced Tuesday (Aug. 12), will let American consumers use Wise’s services on Google Wallet online or by searching for select currency exchange rates on Google Search. This feature is due to be offered as a test to Google users in the U.S.
“Sending money abroad...
Indian FinTech company Paytm said Tuesday (Aug. 12) that its payments subsidiary received “in-principle” authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
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The firm announced the news in a post on social platform X, saying the in-principle authorization applied to Paytm Payments Services Limited (PPSL).
In a disclosure...