The artificial intelligence boom is reshaping the technology landscape as industry giants Broadcom, Oracle and Samsung make moves to capitalize on the demand for AI chips and cloud computing resources. From soaring stock prices to ambitious sales targets and chip technologies, these companies are positioning...
Has the FinTech industry hit bottom after years of skyrocketing investments? That seemed to be the sentiment among some executives and investors at the Money20/20 event in Amsterdam earlier this month, CNBC reported Thursday (June 13). Among them was Iana Dimitrova, CEO of embedded finance...
AccountsIQ secured 60 million euros (about $65 million) in a Series C investment to support continued product development and to embed artificial intelligence throughout its cloud-based accounting platform designed for medium-sized companies and nonprofits. In addition to enhancing its AI capability, AccountsIQ will use the...
As the business landscape grows more digitally connected, real-time compliance is growing more important. Citi announced Wednesday (June 12) that Emirates NBD became the first bank to use its 24/7 USD Clearing service to make cross-border payments in U.S. dollars available to their corporate and...
An increasing number of artificial intelligence founders want to sell their firms. That’s according to Clément Delangue, co-founder and CEO of AI startup Hugging Face, which agreed to acquire a smaller company called Argilla for $10 million, Bloomberg reported Thursday (June 13). Hugging Face already...
OpenAI is reportedly expanding its lobbying department as the artificial intelligence industry faces more regulatory oversight. The multibillion-dollar AI startup aims to have 50 members on its global affairs team by year’s end, up from three at the start of 2023 and 35 currently, the...
Online marketplace eBay will add Venmo as a payment option in the coming week, saying it aims to expand payment method choice and cater to the preferences of Gen Z and millennial shoppers. This option will be available to U.S. buyers on eBay.com and the...
As it prepares to go public, fast fashion retailer Shein is reportedly driving up prices. The company has raised prices on a third of its core products, a strategy likely to increase revenues before its initial public offering (IPO), Reuters reported Thursday (June 13), citing an analysis...
With young shoppers increasingly seeking more social shopping experiences across digital and physical channels, Poshmark is turning to virtual, live events to generate enthusiasm and engagement. The resale marketplace announced Thursday (June 13) the launch of Posh Party LIVE, a real-time virtual event centered on...
