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Robotics startup Genesis AI emerged from stealth with $105 million in seed funding.
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Genesis AI aims to create a general-purpose artificial intelligence model that will allow robots to automate a range of repetitive tasks, TechCrunch reported Tuesday (July 1). The company’s funding round was co-led by Eclipse and Khosla Ventures.
While large language models are trained...
Securities and Exchange Commission (SEC) Chairman Paul Atkins said Wednesday (July 2) that the agency will review some of the more recent rules it imposed on special purpose acquisition companies (SPACs).
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“There have been new rules adopted by the commission in the last couple of years regarding SPACs,” Atkins said in a Wednesday interview with CNBC. “Those were very,...
Higher income consumers in the United States are crowding the aisles at dollar stores, moved to seek discounts in the paycheck-to-paycheck economy.
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Big box retailers such as Walmart and Target have continued to be favorites among those earnings more than $100,000 each year. But PYMNTS Intelligence data shows that higher income households are also ringing up their...
Coinbase is acquiring Liquifi, a platform used by digital asset firms to manage token ownership.
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“Teams like Uniswap Foundation, OP Labs, Ethena, Zora and 0x already rely on Liquifi to launch and manage their tokens, and we’re excited to help scale these operations even further,” Coinbase said in a Wednesday (July 2) company blog post.
Launching a token is difficult,...
Papaya Global has integrated Citi’s payment solutions to enhance cross-border payments made through its workforce payroll and payments platform.
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The integration of Citi’s CitiConnect for API, Payer ID and WorldLink solutions adds support for key currencies, enhances payment routing and strengthens redundancy, Papaya Global said in a Wednesday (July 2) press release....
On July 2, 1962, Walmart first opened its doors.
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Sales that year were $975,000, PBS’ Frontline reported. It’s a figure that Walmart now makes every 46 seconds, according to a post on social platform X by Ticker Take founder Jon Erlichman.
During the past 63 years, few things have remained as constant — and overlooked — as payments. Long regarded as a back-end function...
Stripe has teamed with open banking provider TrueLayer to expand its pay-by-bank offering.
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The two companies had collaborated to launch a pay-by-bank offerings in the U.K., and will now bring that partnership to France and Germany, TrueLayer announced Wednesday (July 2).
“By offering a direct pay by bank payment method, Stripe is streamlining the checkout experience for...
Yaspa raised $12 million in a funding round to expand its pay-by-bank solution in the United States.
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Founded in 2017, the company already operates across the United Kingdom and Europe and recently incorporated a U.S. entity that is based in Atlanta, Yaspa said in a Wednesday (July 2) press release.
One of the sectors Yaspa serves is regulated gambling operators, for...
Before collapsing in 2023, Silicon Valley Bank catered to startups and the cryptocurrency sector.
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Now, a group of tech billionaires is reportedly aiming to fill the space left by the lender’s demise with the launch of a new bank, known as Erebor.
As the Financial Times (FT) reported Tuesday (July 1), sources familiar with the matter say this group is backed by Palmer...
America’s consumer watchdog has cancelled a $95 million fine against the country’s largest credit union.
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The Consumer Financial Protection Bureau (CFPB) levied that penalty against Navy Federal Credit Union last year, alleging the lender had charged its members illegal overdraft fees.
But on Tuesday (July 1), the CFPB issued an order terminating that decision, without...