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News

Sound Ventures Invests Half Its $240 Million AI Fund Into Three Companies

The Beverly Hills, California-based venture capital firm Sound Ventures, led by general partners Ashton Kutcher, Guy Osiri, and Effie Epstein, announced the creation of a new $240 million artificial intelligence fund last week, already half of this money has been invested in three companies: OpenAI, Anthropic, and Stability.AI.

Science & Technology

Wendy’s Taps Google Cloud to Trial AI Chatbot Drive-Thru Operator

Wendy’s FreshAI chatbot tool has the potential to transform Wendy’s drive-thru food ordering experience with Google Cloud’s generative AI and large language models (LLMs) technology

Science & Technology

IBM Intros Slew of New AI Services

At its annual Think conference, IBM announced a new Watsonx platform that provides tools for creating artificial intelligence models and access to pre-trained AI variations capable of generating computer code, text, and much more.

Finance & Economics

UK Greenlights $7.3 Billion Merger Between Satellite Rivals Viasat and Inmarsat

The UK Competition and Markets Authority (CMA) has officially approved the proposed merger of Viasat and Inmarsat worth $7.3 billion.

Blockchain & Crypto

Sam Bankman-Fried Wants His Case Thrown Out of Court

The lawyers of FTX founder Sam Bankman-Fried last Monday, May 8, filed petitions to dismiss the charges brought against him by the US government, of involvement in fraud.

News

Amazon Pays Customers for Pickup to Cut Delivery Costs

Amazon offers its customers a reward of $ 10 for the pickup of purchased goods.

News

LinkedIn Cuts 700 Jobs and Closes China App

LinkedIn has cut 716 jobs, taking the baton of layoffs among large technology companies.

Finance & Economics

JPMorgan to Pay Frank Founder’s Legal Fees

J.P. Morgan Chase will pay the legal costs of the disgraced founder of the fintech company with whom it is suing.

Science & Technology

Google Turns to AI Chat For Search Engine Revamp

Google is using artificial intelligence to massively modernize its Internet search system.

Finance & Economics

TD Bank Blames Regulatory Uncertainty for Failed First Horizon Acquisition

Canadian TD Bank canceled the planned purchase of the American financial institution First Horizon.

Fintech & Ecommerce

Starbucks Testing Palm Payments

The coffee giant Starbucks has started testing Amazon’s biometric payments solution, enabling customers to get their cup of coffee by scanning their palm

News

Shopify Cuts 20% of Staff

Shopify announced its intention to lay off more than 2 thousand employees as part of efforts aimed at intensifying activities in the field of e-commerce.

Society & Lifestyle

Ex-Uber Security Chief Gets No Prison Time for Hack Cover Up

The former security chief of Uber Technologies Inc. has avoided jail time for concealing information about a large-scale identity theft that occurred in 2016.

Finance & Economics

Apple Sales Continue to Fall

Apple’s sales continue to follow a downward trajectory.

Articles

Maximizing the Power of Your Financial Power of Attorney

A Financial Power of Attorney (FPOA) is an essential legal document that allows an individual (the principal) to appoint someone they trust (the agent or attorney-in-fact) to manage their financial affairs in the event they become incapacitated or unable to make decisions for themselves.

Blockchain & Crypto

Coinbase Gives Up On Bitcoin-Backed Loans

Coinbase stopped issuing new Bitcoin-backed loans through its Borrow service, which allowed users to borrow up to $1 million with no credit check The crypto exchange Coinbase informed its customers that starting May 10, 2023, the company terminates its Coinbase Borrow service which allowed US users to receive fiat loans with crypto collateral. The lending feature […]