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 startup OpenPayd, who told CNBC that the market has “recalibrated.”
Government-owned Hong Kong Investment Corporation (HKIC), which manages HK$62 billion (US$8 billion) of funds, will make its first batch of investment in start-ups this month as authorities seek to strengthen innovation and technology as a core pillar to provide sustainable economic development in the city. “We will make our first batch of direct investment or
Apple ‘s Worldwide Developer Conference on Monday gave us exactly what we needed — reason to believe iPhone users will upgrade their devices sooner rather than later in order to access a new suite of artificial intelligence features. On Monday, the longtime Club holding unveiled its long-awaited generative AI initiatives, known as Apple Intelligence. But
NASSAU, the Bahamas, June 10, 2024 (GLOBE NEWSWIRE) — OKX, a leading crypto exchange and Web3 technology company, has issued updates for June 10, 2024. OKX Announces Launch of Fixed Simple Earn and VIP Loan OKX today announced the launch of its ‘Fixed Simple Earn’ and ‘VIP Loan’ products. Fixed Simple Earn is OKX’s lending
A start-up is trying to catch the artificial intelligence (AI) surge to bring financial services to the underbanked population in developing markets. Meet Surfin-Meta, a Singapore-based fintech company that is making waves – and money – with its inclusive vision of financial empowerment. The firm, with services spanning lending, credit cards, payment remittance and wealth
Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are among the executives investing in the new U.S. professional league, Major League Cricket. Other cricket investors include Iconic Ventures, Madrona Venture Group and executives from Google. “What gets me excited is seeing if cricket can become a mainstream sport in the U.S.,” said Soma Somasegar,
Enthusiasm about artificial intelligence has fueled a good portion of the stock market’s rally in recent years. That’s unlikely to change soon, but investor interest could move from company to company, at least temporarily. The Magnificent Seven—Google parent Alphabet , Amazon.com , Apple , Facebook parent Meta Platforms, Microsoft , Nvidia , and Tesla —that
Bitcoin was giving back some gains early Thursday after breaking through the $70,000 barrier but Ether was rising and testing its recent highs. The focus is now on whether the Federal Reserve can give the crypto sector another boost. Bitcoin was down 0.3% over the past 24 hours to $70,958. The largest crypto hit a record
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City. Gary Hershorn | Getty Images LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub. The U.S. software
Instacart Stock Jumps on More Buyback News. Why Investors Are Bullish.
Shares of Instacart parent Maplebear jumped 9% on Thursday as investors cheered on news of more buybacks from the grocery delivery firm. Instacart’s board approved another $500 million new share repurchase program on June 2, according to a regulatory filing on Thursday. Buybacks are usually a sign of management’s optimism in the company’s growth potential