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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...
“Data is the new oil” is a long-overused cliché. But like oil, data can be refined and structured. Like clichés, data can always be applied in relevant contexts.
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And quality data, which has always helped grease the wheels of commerce, is now helping finance teams and chief financial officers (CFOs) build real-time back-office systems that can move at the speed of...
Cryptocurrency exchange Coinbase has launched another installment of its Stablecoin Bootstrap Fund.
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The fund, announced Tuesday (Aug. 12), follows the 2019 debut of the initial fund, aimed at helping decentralized finance (DeFi) developers establish liquid marketplaces.
The new fund will be overseen by Coinbase Asset Management (CBAM), with its first placements on Aave...
Google unveiled a series of payments updates aimed at online shoppers.
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The new features are meant to give consumers “added choice, convenience and value — whether it’s for an everyday purchase, a big-ticket item or an international money transfer,” according to a Tuesday (Aug. 12) company blog post.
Among the offerings is an expansion of Google’s pay-over-time options,...
President Donald Trump said Tuesday (Aug. 12) that Goldman Sachs and CEO David Solomon should replace the bank’s chief economist and disputed the bank’s predictions about the effects of U.S. tariffs.
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“They made a bad prediction a long time ago on both the market repercussion and the tariffs themselves, and they were wrong, just like they are wrong about so much else,”...
Stripe is reportedly developing a new blockchain in partnership with cryptocurrency-focused venture capital firm Paradigm.
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That’s according to a report Monday (Aug. 11) from Fortune, citing a job posting on a site for the crypto lobbying group Blockchain Association.
“Tempo is a high-performance, payments-focused blockchain,” the posting said, advertising for a product...
DCL Logistics has expanded the capabilities of its fulfillment platform for eCommerce brands by embedding an artificial intelligence (AI)-powered shipping engine called SelectShip.
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SelectShip simplifies parcel delivery by automating shipping decisions and optimizing each order for speed, cost and reliability, the third-party logistics (3PL) provider said in a Tuesday (...