News

Artificial Intelligence
Adobe Launches AI Assistant for Reader and Acrobat for Faster Information Processing
February 20, 2024

Adobe is introducing AI Assistant, a new generative artificial intelligence-powered conversational engine for Reader and Acrobat. Still in beta mode, AI Assistant instantly creates summaries and insights from long documents. The model is also able to answer questions and format data for sharing in emails,...

Investments
Recogni Raises $102 Million to Meet AI Applications’ Compute Demand
February 20, 2024

Recogni, an artificial intelligence (AI)-based computing firm, has closed a Series C funding round, securing $102 million. The funding will be used to drive the development of next-generation systems for AI inference solutions that aim to significantly boost performance and power efficiency while offering the...

Retail
Home Depot Caters to Click-and-Mortar™ Shoppers to Boost Spending
February 20, 2024

As retailers look to drive omnichannel engagement to boost customers’ spending, Home Depot is linking the online shopping experience to its physical stores, catering to high-value Click-and-Mortar™ shoppers. The home improvement retail giant, which has more than 2,300 locations across North America, shared on a...

Fintech Investments
Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
February 20, 2024

Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine million U.K. personal current account customers, is in discussions with investors to raise fresh funds, according to The Financial Times....

B2B Payments
Why Innovating B2B Payments at Scale Means Targeting Workflow Frictions
February 20, 2024

A foundational truth about B2B payments is that they aren’t really about payments. Rather, commercial transactions are built on the back of workflows and data. “It’s workflows and data first, and payments second,” Ben Weiner, senior vice president and global head of B2B payments at...

Artificial Intelligence
AI Draws Entrepreneurs Back to San Francisco
February 19, 2024

San Francisco is reportedly once again at the center of a tech revival, with entrepreneurs and investors returning to the city after a period of exodus during the pandemic. Tech leaders who had previously relocated to cities like Miami are now returning to San Francisco,...

Investments
Monite Raises $6 Million to Grow Embedded Finance Platform
February 19, 2024

Embedded finance workflows startup Monite added $6 million to its seed funding, bringing its total to $16 million. The firm will use the new funding to further enhance its standing in the European market and expand in the United States, Monite said in a Monday...

Regulation
TikTok Vows to Keep Minors Safe After EU Announces Probe
February 19, 2024

The European Commission has opened formal proceedings against TikTok under the Digital Services Act, saying the regulator aims to protect the well-being of online users. The action follows concerns related to the protection of minors, advertising transparency, data access for researchers, and the management of...

Banking
Brazilian FinTech Stark Bank Tripled Payments Processed in 2023
February 19, 2024

Stark Bank, a growing FinTech startup based in Sao Paulo, Brazil, reportedly caught the attention of investors including Jeff Bezos’ family office, Bezos Expeditions, which participated in the firm’s 2022 Series B round. The company is one of the few Latin American startups backed by...