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Investment firm Propel Venture Partners has raised $100 million for its latest fund.
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The new funding brings Propel’s total commitments to more $436 million and will be used to invest in “areas where technology and financial services converge,” the company said in a Thursday (July 10) news release.
The release notes that financial services is a major part of the world...
Embedded finance company Weavr launched a partnership with Visa in Europe.
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The collaboration will allow Weavr to help software-as-a-service (SaaS) companies integrate Visa-powered financial products into their platforms, according to a Thursday (July 10) press release. The effort will initially focus on the employee benefits space.
“Globally, employers are transitioning...
Delta Air Lines reported Thursday (July 10) that it earned record revenue in the June quarter and restored its full-year financial guidance as demand for air travel stabilized.
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The company said its quarterly revenue rose 1% year over year and that it expects earnings per share of $5.25 to $6.25 for fiscal year 2025, according to a Thursday earnings release.
“Through the...
A viral post on Reddit is reigniting debate around the role of artificial intelligence (AI) chatbots in medical advice after a user claimed that ChatGPT helped diagnose a condition that had eluded doctors for over a decade.
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According to the post, which was shared recently on X by OpenAI President Greg Brockman, the user experienced unexplained symptoms for more than 10...
Amazon is reportedly considering adding to its $8 billion investment in Anthropic.
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The tech giant has discussed the idea of a new, multibillion dollar injection into the artificial intelligence (AI) model builder, the Financial Times (FT) reported Thursday (July 10), citing multiple sources with knowledge of the talks.
This deal would deepen a partnership that has...
TikTok’s standalone U.S. app will reportedly use a separate algorithm and data system.
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That’s according to a report Wednesday (July 9) by Reuters, citing sources familiar with the matter. These moves, the sources say, set the stage for a potential sale of TikTok U.S. by its China-based owner ByteDance.
The video sharing platform’s plans to migrate its 170 million...
OpenAI is reportedly readying an AI-powered web browser to challenge Google Chrome.
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This browser is set to debut in the coming weeks, Reuters reported Wednesday (July 9), citing sources familiar with the matter, with the goal of employing artificial intelligence (AI) to change how people browse the web.
The report argues that this browser would allow OpenAI better...
Nearly four in 10 Gen Z credit union members say they’re considering leaving their credit union within the next year, mostly in favor of traditional banks. That’s a significant number, and a substantial challenge for these institutions that want to remain relevant to the next generation of members.
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But it’s not just young consumers who are considering their options.
In...
Watch more: Tokenization Emerges as Guardian of Contactless Payments and Merchant Value
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As contactless payments become the default, robust security is imperative.
That’s why tokenization is transforming the way consumers and merchants think about payment security. Once relegated to back-end infrastructure and cybersecurity white papers, tokenization is increasingly...
The United States government, the world’s largest payer, is on the cusp of a dramatic digital transformation.
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By Sept. 30, 2025, the federal government will cease issuing paper checks for disbursements, shifting entirely to electronic and real-time payment methods. This $175 billion overhaul touches everything from Social Security to tax refunds — marking the most...