July 07, 2024
Report: Revolut CEO Nikolay Storonsky to Sell Portion of Stake
Revolut CEO Nikolay Storonsky will reportedly sell a “small portion” of his stake in the company as part of a previously reported sale of employee shares and other existing shares....
July 05, 2024
China’s AI Patent Boom: 38,000 Filings Dwarf Global Rivals
China has emerged as the dominant force in generative artificial intelligence (AI) patents, outpacing global competitors by a significant margin, according to a new report from the World Intellectual Property...
July 05, 2024
Neobanks See An Opportunity As Banks Move Away From Free...
The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up with an anticipated pullback by...
July 05, 2024
The Week in AI: Anthropic’s AI Safety Initiative, Regulation Battles,...
Anthropic’s new funding program for advanced artificial intelligence (AI) evaluations aims to tackle safety and adoption challenges in AI. As global AI regulations tighten, from Nvidia’s potential antitrust charges in...
July 03, 2024
UN: China Leads World’s GenAI Patent Race
New United Nations data showed China with a comfortable lead in the race to develop artificial intelligence products. Between 2014 and last year, more than 38,000 generative AI inventions came...
July 03, 2024
Revolut Chair Not Ready to Commit to Going Public in...
Revolut’s chair is not ready to commit to an initial public offering (IPO) in London. Speaking to the Financial Times (FT) Tuesday (July 2), Martin Gilbert praised pending changes to the rules for listing...
July 03, 2024
AI Projects Push Venture Funding to a Two-Year High
Thanks to AI, American venture funding reached its highest quarterly total in two years. Venture capital (VC) investments for the second quarter came to $55.6 billion, Reuters reported Wednesday (July...
July 01, 2024
FedEx’s Performance Saves the CE 100 Index From Decline as...
It was a flat week at the end of a flat month for Wall Street as well as the CE 100 Index. The week ending June 28 saw a slight...
June 28, 2024
Acquisitions Dominate FinTech IPO Headlines as Index Climbs 2.2% for...
The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One of those acquisitions came from...