Databricks Acquires Startup Neon
Data and artificial intelligence company Databricks acquires Neon, which is a database startup.
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TensorWave Raises $100 Million
TensorWave, a Las Vegas-based startup specializing in the development of artificial intelligence infrastructure, announced on Wednesday, May 14, that it managed to raise $100 million in the latest round of financing.
Monzo Introduces Payment Reversal Option
Monzo customers may now have up to a minute to decide whether they want a transaction to proceed, thanks to the new payment reversal feature.
Perplexity Selects PayPal for AI-Powered Payments Within Its Agentic Commerce System
Perplexity and PayPal will allow AI agents on the Perplexity Pro platform to pay for products, travel bookings, or tickets requested by users.
Robinhood to Buy WonderFi
United States-based financial company Robinhood is buying WonderFi, the Canadian crypto operator of Bitbuy and Coinsquare.
Citi Predicts Stablecoin Market to Hit $3.7 Trillion by 2030
Citi predicts that the financial volume of the stablecoins market could reach $3.7 trillion by the end of the current decade.
Stash to Add AI to Financial Guidance Platform
Stash has secured $146 million in a Series H funding round to deepen its investment in artificial intelligence for the company’s financial guidance platform.
Google Says Gemma AI Model Surpasses 150 Million Downloads
Google reported that its Gemma open-source artificial intelligence model has been downloaded by users more than 150 million times.
Perplexity AI Reportedly Plans to Launch Browser
The media published information according to which Perplexity AI, which is gradually becoming an increasingly powerful player in the global artificial intelligence industry, is currently in preliminary negotiations on raising investments worth $500 million at a valuation of $14 billion.
Dubai to Enable Crypto Payments for Government Services
Dubai Finance and Crypto.com partner to allow UAE citizens to pay for government services with crypto.
Adyen to Offer JCB Card-on-File Tokenization
Merchants who use Adyen platform will soon benefit from even more secure credit card transactions with JCB Card-on-File (COF) Tokenization technology.
Virtual Card Payments Go Mainstream in U.S.
Not only do Gen Z and millennials in the U.S. embrace virtual cards, but also older age cohorts resort to this innovative payment method if providers manage to raise proper awareness.
Byline Bank Expands Payments and Fintech Banking Group
Byline Bank on Monday, May 12, announced the expansion of the Payments and Fintech Banking division.
Saudi Arabia Launches New AI Company
Saudi Arabia has launched a company to invest across the artificial intelligence value chain.
Alipay Launches Voice Call to Boost Financial Security
Alipay has launched a voice call feature that allows consumers to double-check their real identity before making fund transfers.
Relevance AI Raises $24 Million
Relevance AI has secured $24 million in Series B funding.
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