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Nvidia reportedly invested $150 million in artificial intelligence (AI) inference startup Baseten.
The investment is part of the $300 million raised by Baseten in a funding round that doubled the startup’s valuation to $5 billion, the Wall Street Journal reported Tuesday (Jan. 20), citing unnamed sources.
Reached by PYMNTS, an Nvidia spokesperson declined to comment on the report....
Amazon has begun rolling out the latest generation of its smart shopping cart.
The newest Dash Cart was introduced in Whole Foods Market stores in three cities last year and will now be expanded to dozens of the grocery store chain’s locations across the United States by the end of the year, the company said in a Jan. 7 press release.
The shopping cart’s built-in screen displays prices...
Mastercard has reportedly shifted from looking to acquire blockchain infrastructure company zerohash to considering an investment in the firm.
The company changed its plans after zerohash chose to remain independent, and the acquisition talks collapsed, CoinDesk reported Tuesday (Jan. 20), citing unnamed sources.
The two firms are now discussing an investment, according to the report....
Citigroup Chair and CEO Jane Fraser said Tuesday (Jan. 20) that she does not expect Congress to support the 10% cap on credit card interest rates proposed by President Donald Trump.
“There is a very keen understanding that this would have the opposite impact of what the actual intent would be, and that there are better ways to go about it, and we’re very happy and continue to work on...
At the World Economic Forum in Davos, global banking chiefs, FinTech leaders and regulators converged on a shared reality: AI is reshaping finance faster than institutions can adapt alone.
The path forward depends on trust, collaboration and regulation that enables innovation without weakening resilience.
The Tuesday (Jan. 20) Davos panel, titled “Banking Accelerated,” brought together...
The U.S. Postal Service (USPS) is now taking bids for access to its last‑mile delivery network.
The federal mail carrier service announced Tuesday (Jan. 20) that it had launched an online bidding website to accept proposals for entry to the delivery network. Upwards of 18,000 postal destination delivery units (DDUs) and local processing centers around the country are now open to a...
Stripe has no immediate plans to go public, co-founder John Collison told Bloomberg News Tuesday (Jan. 20) in an interview at the World Economic Forum in Davos.
“We’re still not in any rush,” he said, per the report. “It’s very early for us where, genuinely, it’s the fastest-moving time in our industry since we started Stripe.”
Stripe was valued at $106.7 billion in September, up from...
U.S. Bancorp said Tuesday (Jan. 20) that its payments transformation contributed to its achievement of record net revenue of about $7.4 billion during the fourth quarter.
This payments transformation was one of the bank’s three strategic priorities in 2025, along with organic growth and expense management, according to a presentation released in conjunction with its fourth-quarter...
Google has reportedly seen a surge in sales of its Gemini artificial intelligence (AI) models.
This uptick indicates an improvement in the quality of those models, according to Seeking Alpha, which itself cited a paywalled report by The Information Tuesday (Jan. 20).
This could add more revenue from Google Cloud’s core business of server sales, as the money customers shell out for AI...
Artificial intelligence (AI) could create a never-before-seen scenario in which both GDP growth and the unemployment rate are very high, creating greater inequality, Anthropic CEO Dario Amodei said Tuesday (Jan. 20).
Interviewed by the Wall Street Journal at the World Economic Forum in Davos, Switzerland, Amodei said that these trends are “the signature of this technology.”
“Now, that’...