Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty Images LONDON — A year on from securing its initial U.K. bank license, Revolut is still awaiting full authorization from regulators. The fintech giant was granted a banking license with restrictions in July […]
Why Revolut’s journey to become a UK bank is taking so long Read More »
 VCG | Visual China Group | Getty Images Google on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation. In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens’
Big Tech split? Google to sign EU’s AI guidelines despite Meta snub Read More »
The logo of LG Electronics is seen on the opening day of the Integrated Systems Europe exhibition in Barcelona on January 31, 2023. Pau Barrena | Afp | Getty Images South Korea-based LG Energy Solution announced Wednesday that it had signed a $4.3 billion contract for supplying batteries to a major corporation, without naming the
Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of Dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in
Anthropic in talks to raise fresh capital at $170 billion valuation Read More »
Cash App’s new Pools feature lets users set a group funding goal, name the pool, and invite contributors. Courtesy: Cash App Cash App is going on the offensive in peer-to-peer payments. The Block-owned payments platform on Tuesday unveiled Pools, a new peer-to-peer feature designed to make group payments simple. It’s the company’s first major P2P
Cash App opens up to Apple Pay and Google Pay for the first time Read More »
Over the years, Meta has built a reputation for using rivals’ innovations to bolster its technology. But its decision to copy a Chinese artificial intelligence lab in 2025 in an effort to compete with OpenAI backfired, forcing the company to overhaul its AI strategy. In a rush to mimic the techniques developed by Chinese startup
Meta’s AI spending spree is Wall Street’s focus in second-quarter earnings Read More »
Thomas Fuller | Lightrocket | Getty Images Spotify shares dropped about 4% Tuesday after the music streaming platform fell short of Wall Street’s expectations and posted weak guidance for the current quarter. Here’s how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19
Spotify stock falls on revenue miss, lackluster guidance Read More »
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. Rebellions South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up
Samsung backs South Korean AI chip startup Rebellions ahead of IPO Read More »
Workers assemble smartphones at Dixon Technologies’ Padget Electronics Pvt factory in Uttar Pradesh, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India has overtaken China to become the top exporter of smartphones to the U.S., according to research firm Canalys, reflecting the shift in manufacturing supply chain away from Beijing amid tariff-fueled
The Trump Organization is seeking to prevent some online businesses from hawking counterfeit merchandise promoting President Donald Trump. In a lawsuit filed Friday in U.S. District Court in Florida, the company accused unnamed merchants of selling “inferior imitations” of Trump-branded products on several online marketplaces, including Amazon, Walmart and eBay. The Trump Organization company, which
