Feed Items
Priority Technology Holdings has received a proposal to take the company private.
The nonbinding proposal came from an investor group led by Thomas Priore, the payment and banking solutions provider’s chairman and CEO, Priority announced in a news release earlier this week. Priore already holds about 58% of the outstanding shares of Priority’s stock, and his group wishes to acquire the...
Google introduced Private AI Compute, a new system that allows its Gemini models to process information in the cloud while keeping user data isolated and inaccessible to Google’s own teams.
The launch underscores a broader shift toward privacy-centric artificial intelligence infrastructure at a time when regulators and financial institutions are increasingly concerned about data...
xAI, the artificial intelligence (AI) company founded by Elon Musk, has raised $15 billion.
That’s according to a report Thursday (Nov. 13) by CNBC, citing sources familiar with the matter who said the funding will help pay for the graphic processing units (GPUs) that power AI large language models (LLMs).
Musk later denied the report, labeling it “false” on his X social media platform...
Online gambling service FanDuel is joining rival DraftKings in the prediction markets business.
The company announced Wednesday (Nov. 13) the pending launch of its FanDuel Predicts app, developed in partnership with derivatives market CME Group. Due in December, the app will offer access to sports event contracts for baseball, basketball, football and hockey games.
“In states where...
BNY has introduced a money market fund aimed at bolstering stablecoin adoption.
The bank’s Dreyfus Stablecoin Reserves Fund, announced Thursday (Nov. 13), was designed to promote digital asset adoption in the liquidity space.
According to a BNY news release, the fund is designed to hold the reserves for stablecoins to be issued under the Guiding and Establishing National Innovation for...
Imagine if, instead of visiting an ATM to get cash, someone brought that cash to you.
Digital finance platform Robinhood is banking on the idea that this scenario will appeal to its customers, The Wall Street Journal reported Thursday (Nov. 13).
To that end, the company is teaming with delivery platform Gopuff to let customers withdraw cash from their Robinhood bank accounts and have...
A new Bank of America solution aims to turn 401(k) assets into a retirement income.
401k Pay, announced Thursday (Nov. 13), is a centralized hub featuring 401(k) recordkeeping, flexible deposit options and advice, designed to help plan participants to set, deposit and track their income throughout retirement.
“401k Pay was developed hand-in-hand with our corporate clients who wanted to...
Paysafe shares sank Thursday (Nov. 13) on the heels of third-quarter earnings results.
Although eCommerce growth was in the double digits, it moderated somewhat. Digital wallets and other product roadmaps also faced headwinds, tempering forward guidance.
CEO Bruce Lowthers told analysts during a conference call that the updated outlook “reflects our current business dynamics and a...
The artificial intelligence agent boom could mark a structural change in how enterprise software is designed, delivered and valued.
Nearly every major platform that powers the back office or customer-facing front end now promises a future in which reliable, semi-autonomous software “workers” can handle everything from invoice processing and forecasting to lead qualification and service...
Mastercard launched a stablecoin-focused partnership with money-movement firm Thunes.
The collaboration, announced at the Singapore FinTech Festival, is designed to speed money movement for banks, payment service providers and end users by expanding stablecoin wallet payout capabilities, according to a Thursday (Nov. 13) press release. This involves Mastercard Move facilitating near-...