Ascenda and Galileo Start Partnership
Ascenda and Galileo Financial Technologies announced the beginning of cooperation, which aims to help banks, fintech companies, and other brands launch card loyalty programs.
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Quantum Machines Raises $170 Million
Quantum Machines, an Israeli startup that provides quantum control solutions to other professionals in the relevant area, raised $170 million.
Thoma Bravo Launches $1.8 Billion Fund
Thoma Bravo has closed a 1.8 billion euro ($1.89 billion) foundation dedicated to European software deals.
Perplexity AI Announces Web Browser Comet
Artificial intelligence-powered search engine Perplexity AI is currently planning to launch its own web browser.
Anthropic Launches New AI Model
The startup Anthropic, which is based in San Francisco and operates in the space of the artificial intelligence industry, presented a new frontier AI model called Claude 3.7 Sonnet.
Bitcoin Drops to 3-Month Low
Bitcoin dropped below the $90,000 level overnight, being weakened by sell pressure in equities, as the cryptocurrency market is currently awaiting the next catalyst.
Figure AI Transforms Humanoid Robotics With Vision-Language-Action Model Helix
Helix robots can understand and execute commands expressed in everyday language, possessing high-frequency, continuous control over the entire humanoid upper body.
Airwallex and Vistra to Empower Borderless Business Scaling
Vistra and Airwallex joined forces to enhance global business operations through the Vistra Platform.
Canadian Banks Reportedly to Build Reserves to Cushion Tariff Uncertainty
Currently, analysts expect Canada’s six largest banks to build more credit loss provisions, as these financial institutions are nowadays bracing for uncertainty related to the tariff threat from the United States, which could impact earnings in the first quarter of 2025 and beyond.
Robinhood Says SEC Dismisses Crypto Unit Investigation
The United States Securities and Exchange Commission (SEC) is ending its investigation into the crypto unit of Robinhood, as the company announced on Monday, February 24.
Prosus Plans to Buy Just Eat Takeaway
Just Eat Takeaway.com, a European giant in the area of food delivery, is poised to be acquired by Prosus, a Dutch technology investor.
Apple to Invest $500 Billion in US Facilities
On Monday, February 24, Apple announced its intention to invest $500 billion over the next four years to expand facilities in the United States.
Mashreq Introduces Enhanced Business Platform Mashreq Biz
One of the leading financial institutions in the United Arab Emirates (UAE), Mashreq, launched a new digital platform, BIZ, for SMEs to facilitate their financial routines.
CTOS and Maybank Islamic Introduce Malaysia’s First Banking-as-a-Service Initiative
The collaboration between CTOS and Maybank Islamic aims to provide SMEs and retail customers with personalized, Shariah-compliant financial solutions, offering tailored services and incentives.
SEC to Dismiss Case Against Coinbase, Close Opensea Investigation
The U.S. regulator SEC eased its stance on crypto-related institutions under the new administration, agreeing to dismiss the long-standing legal battle against Coinbase and drop the investigation of the Opensea NFT market.
Stablecoins to Cut Business Costs by $26 Billion Worldwide by 2028
Business savings achieved through stablecoin use will increase by 73% compared to 2025, according to a recent forecast.
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