Crypto Company Circle to Expand Its Product Line
The Circle Internet Financial crypto company hopes that its $1 billion cash reserve will allow it to withstand the process of competition from so-called non-crypto firms like PayPal Holdings.
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Marketplace Instacart Expands SNAP Payment Acceptance
Instacart, an online grocery store, announced the start of accepting electronic payments under the Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) throughout the United States.
Serve Robotics Raises $30 Million
The company Serve Robotics announced the completion of a public deal and the raising of $30 million in financing.
USA to Restrict Investments in Chinese Technology Sector
The administration of US President Joe Biden last Wednesday, August 9, announced its intention to introduce restrictive measures concerning the investment of American venture capital, private companies, and joint ventures in the Chinese technology sector.
Anthropic Launches New Version of Its LLM
Anthropic, an artificial intelligence startup co-founded by former OpenAI executives, has released a new version of its accelerated and cheaper text generation model, available via API Claude Instant.
American Banks Lose Nearly $19 Billion in Loans
In the United States, banks in the second quarter of this year reported losses on loans of almost $19 billion.
Federal Reserve Bank of New York Reports Record Americans’ Credit Card Debt
The indicator of the debt of residents of the United States on credit cards has reached a historical level of more than $1 trillion.
NVIDIA Introduces Superchip to Boost AI Capacity
NVIDIA has presented a new chip that can increase the level of performance and speed, for use in generative artificial intelligence and other application scenarios involving computing.
Amazon to Debut Prime Big Deal Days Event in Fall
After the impressive results of Prime Day, Amazon decided to continue the sales events.
Moody’s Revises Credit Ratings of Six Major US Banks
The international rating agency Moody’s has reviewed the credit ratings of six major US banks, including Bank of New York Mellon, State Street, and Northern Trust, for possible downgrades.
Resilience to Expand Cyber-Risk Platform
Resilience has announced the completion of a $100 million Series D equity financing round.
KeyBank Improves Cashback Service
KeyBank has added new ways to get favorable rates, access to deposits, and cash refunds.
Deposits Reportedly Disappear From Wells Fargo Bank Accounts
Wells Fargo is currently solving a technical problem, as a result of which, according to reports in social media, direct deposits began to disappear from the bank accounts of customers of this financial institution.
DoorDash and Uber Compete to Increased Delivery Subscription Usage
DoorDash and Uber are actively competing with each other as part of efforts to increase the number of their user bases.
Petal to Expand Credit Card Program
Petal announced intention to expand its credit card program.
Airwallex Collaborates With OurCrowd to Make Startup Investing Easier
Airwallex announced the beginning of cooperation with the venture investment platform OurCrowd.
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