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Video editing software company MotionVFX says it has been acquired by Apple.
“For over 15 years, we’ve been on a mission to create world-class, visually inspiring content and effects for video editors,” the company said on its website Monday (March 16)
“From the very beginning, we’ve been all about quality, ease of use, and great design. These are also the values that we admire most in...
Home builder sentiment inched up in March after one metric of mortgage rates dipped to its lowest level since August 2022, the National Association of Home Builders (NAHB) said Monday (March 16).
The NAHB/Wells Fargo Housing Market Index (HMI) rose by one point to 38 in March, the organization said in a press release.
At the same time, builders continued to express concerns about...
Shopify’s president says the company is making a significant push towards agentic shopping.
Speaking at the Upfront Summit in LA, Harley Finkelstein argued that agentic artificial intelligence (AI) can serve as a new entry point for eCommerce merchants.
“We’re going to begin to use these agentic applications as these kinds of personal shoppers,” said Finkelstein, whose comments Monday...
OpenAI is reportedly looking to form partnerships with several private equity (PE) outfits.
That’s according to a report Monday (March 16) from Reuters, which says these arrangements, with the likes of TPG, Advent International, Bain Capital and Brookfield Asset Management, would involve OpenAI distributing its enterprise products among the firms’ clients.
The proposed deal, sources...
Can banking be done through chat? Ryt Bank in Malaysia thinks so, and its chat-based artificial intelligence (AI) system now processes about 80,000 transactions a month.
Ryt Bank deployed the regulator-approved conversational AI system last summer, with the capability to execute core banking transactions. Customers use the bank’s Ryt AI assistant to transfer funds, pay bills and check...
Google has launched a program to help European students and workers gain AI skills.
AI Works for Europe, announced Monday (March 16) at the Future of Work Forum in Riga, Latvia, will see the tech giant work with the public sector, nonprofits, employers and universities on this effort, which includes $30 million of additional support for Google’s European AI Opportunity Fund and new...
Visa has expanded its partnership with payments and financial technology provider Fiserv.
The collaboration, announced in a news release Monday (March 16), introduces what Visa calls a “unified, API driven acceptance layer” aimed at simplifying integration for acquirers and helping merchants boost authorization rates, prevent fraud and improve customer experiences.
By joining Visa’s...
xAI reportedly wants its Grok chatbot to get better at offering financial strategies.
To that end, the Elon Musk-led artificial intelligence (AI) startup is hoping to hire bankers and private credit lenders to provide lessons, Bloomberg News reported Monday (March 16), citing job posts on the company website.
The plan is to recruit Wall Street bankers, portfolio managers, traders and...
Alibaba has established a new business group dedicated to artificial intelligence.
The new Alibaba Token Hub (ATH) Business Group is led by Alibaba Group CEO Eddie Wu, the company said in a Monday (March 16) press release.
The unit brings together Tongyi Laboratory, which builds multimodal foundation models; MaaS Business Line, which builds technical infrastructure for AI; Qwen...
The war in Iran is increasingly giving the freight sector a fright.
As of Monday (March 16), the geopolitical risks of the Middle East engagement have already reshaped global trade patterns around air freight and shipping, directly impacting energy supply chains as well as other critical high-value goods like electronics and pharmaceuticals.
The trade flow shifts resemble earlier...