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Chatbot maker Character.ai has reportedly held exploratory talks with both Meta and Elon Musk’s xAI, discussing potential partnerships.
The firm has talked with both companies about working together to pre-train and develop AI models, the Financial Times (FT) reported Friday (May 24).
The discussions have centered on research, rather than an acquisition, and no deal has been struck, according to...
Elon Musk’s artificial intelligence (AI) startup xAI has raised $6 billion in a Series B funding round, giving it a pre-money valuation of $18 billion.
The company will use the new funding to take its first products to market, build advanced infrastructure and accelerate its research and development (R...
Rating agencies reportedly expect a greater share of the lowest-quality investment-grade bonds to be downgraded than to be upgraded.
That’s the first time this has been the case in this part of the U.S. corporate bond market since the end of 2021, the Financial Times (FT) reported Monday (May 27).
The proportion of these bonds that is on “negative watch” is at 5.7%, while the percentage that is...
Rows has raised 8 million euros (about $8.7 million) to expand its cloud-based, artificial intelligence (AI)-powered spreadsheet app.
“There’s never been a better time to build the future of spreadsheets,” the company said in a Friday (May 24) post on LinkedIn.
Rows will use the new funding to continue to accelerate data integrations, enhance its AI features and expand in its biggest markets: the...
Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to use buy now, pay later (BNPL) for their insurance premiums.
The company’s new subsidiary, FinShore, provides a fully embedded BNPL option to more than 100,000 Canadians who are insured with Apollo, as well as insurance brokers...
Consumers hate passwords. Fraudsters love them. There might be no better business case for passkeys, which are a biometric, digital alternative to manually selected and stored passwords. Passkeys have also been at the center of recent product introductions from Visa, Mastercard and other payments and financial services companies. The development and usage of passkeys is arguably one of the most...
Businesses, particularly global ones, exist and transact across fragmented payment ecosystems.
Just ask any organization about their cross-border growth plans and how it’s going from a payments perspective: the absence of standardization and interoperability will become immediately apparent.
Against a B2B backdrop of a growing trend toward digitalization and automation in B2B payments, driven by...
After starting the year at a five-year low, France may be in a position to lead venture investment in the EU out of the dark ages. The country has emerged as a rising star in Europe’s active financial technology (FinTech) sector, attracting a surge of venture capital investment that is fueling the growth of startups seeking to disrupt traditional banking.
Riding a $4 billion investment from...
In 1967, it was the Summer of Love. In 2020, it was the summer of COVID-19. When summer 2024 goes in the books — from an economic perspective anyway — it just might be remembered as the summer of the U.S. consumer.
As the banking and payments industry came out of Memorial Day weekend, two reports put a more optimistic spin on summer than recent inflation data would suggest.
As Federal Reserve...
Coming into the holiday-shortened trading week, the CE 100 Index lost 2.4%. All pillars posted declines for the week that ended May 24.
Peloton helped bring the “Be Well” pillar down by 4.5%. The stock’s 19.6% loss came as the company announced a private offering of $275 million aggregate principal amount of convertible senior notes due 2029. The company also said it would enter into a $1...