Revolut Reportedly Aims to Raise $1 Billion for Global Expansion
Revolut is reportedly in talks to secure $1 billion from investors in a private round that would value the company at $65 billion.
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The U.K.-based FinTech company is raising ...
Prime Day First-Day Sales Dive 41%, Retail Consultant Reports
Amazon’s sales reportedly dropped 41% on the first day of its four-day Prime Day sales event compared to the first day of last year’s two-day event.
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Momentum Commerce re...
Wise Settles States’ Allegations of Inadequacies in AML/CFT Program
Six state regulators have secured a $4.2 million settlement from Wise US that resolves the regulators’ allegations that the company had inadequacies in its Bank Secrecy Act, anti-money laundering (...
Microsoft Lays Off Staff as Savings From AI Top $500 Million
Microsoft is ramping up internal use of artificial intelligence (AI) tools to cut costs and increase productivity, even as the company trims thousands of jobs across departments.
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From Kitchen to Front of House, Restaurants Deploy AI-Powered Robots
Restaurants are integrating artificial intelligence (AI)-powered robots end-to-end in their operations, doing tasks such as serving food to diners, cooking meals, delivering food and even mixing cockt...
4 Questions CFOs Need to Ask as Wall Street Embraces Stablecoins
It’s a familiar story in finance: new asset class emerges, technologists overpromise, regulators hesitate, and suddenly someone in the CFO’s office has to take a meeting about it.
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