Startup Physical Intelligence Reportedly Raises $400 Million
The media reports that the startup Physical Intelligence, which operates in the area of robotics, was able to raise $400 million in early-stage funding.
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Marqeta CEO Says About Future of Analog Payments
The Marqeta platform, which carries out card issuance activities, last Monday, November 4, as part of the earnings call for the third quarter of 2024, announced information about its plans, including those related to upcoming cooperation and the launch with VisaFlex Credential this week.
JPMorgan Payments Partners With Checkbook
The Checkbook digital payments platform has joined the JPMorgan Payments Partner Network.
Shares of SK Hynix Demonstrate Growth
On Monday, November 4, the value of SK Hynix shares showed an increase of 6.5%.
AWS Launches AI Partner Alliance
Amazon has launched an initiative to expand the reach of its Generative AI Innovation Center.
FinTech Klar Aims for IPO
Mexico-based fintech company Klar intends to go public at the end of 2026.
Blackstone Reportedly Targets New European Markets
Blackstone’s private wealth business plans to enter at least two new European markets next year.
Apple Plans ChatGPT Integration
Apple announced the December integration of OpenAI’s ChatGPT chatbot.
Enterprise Cloud Infrastructure Spending Surges to $84B
In Q3 2024, global enterprise spending on cloud infrastructure services was $84 billion, up 23% from the same period in 2023, with generative AI driving the market acceleration.
US Manufacturing Demonstrates Decline
In October, the United States recorded a decrease in the level of manufacturing activity to a reading that is a 15-month low.
US Unemployment Rate Demonstrates Resilience
In the United States, job growth almost stalled last month.
Amazon Reports Q3 Earnings
Amazon on last Thursday, October 31, released information about its earnings in the third quarter of the current year, which exceeded analysts’ preliminary expectations in large part due to the growth of the company’s business in the areas of cloud computing and advertising.
South Korean Export Growth Slows
In South Korea, a slowdown in the export dynamic was recorded last month.
Financial Institutions Increasingly Use Alternative Credit Data to Assess Consumer Creditworthiness
LexisNexis Risk Solutions research reveals that as traditional credit data provides less visibility into consumer risk, financial institutions worldwide increasingly leverage alternative data in the consumer lending process.
How to Appeal to Gen Z With Your Fintech Solution
Gen Z is gradually emerging as a major influential power in the e-commerce sector. Although Gen X still remains the biggest spender, Zoomers are expected to display the fastest spending power growth in the next 10 years. Here is how to cater to this increasingly important consumer category with a suitable fintech solution.
Colombia Cuts Key Rate
The central bank of Colombia has ignored calls to intensify the process of cutting interest rates.
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