Новости за 05.08.2024

As consumers weigh a wide range of factors when deciding where to make purchases, PYMNTS Intelligence finds that grocery shoppers tend to be motivated by loyalty to merchants, whereas pharmacy customers tend to go wherever they can get their preferred products. By the Numbers PYMNTS Intelligence’s 2022 Decoding Consumer Affinity study drew from a survey […]

Groq has raised $640 million in a Series D funding round to scale the capacity of its vertically integrated artificial intelligence (AI) inference platform. The company will also use the new funding to add talent and accelerate the development of the next generation of language processing units (LPUs), according to a Monday (Aug. 5) press […]

In his testimony last month before the House Small Business Committee, COE Distributing Chairman and CEO J.D. Ewing highlighted the issue of soaring shipping costs impacting small businesses. Ewing, who has led COE — a family-owned office furnishings wholesaler based in Fayette County, Pennsylvania — from its modest beginnings to the largest office furniture distributor […]

IBM has added generative artificial intelligence (AI) capabilities to its managed threat detection and response services. Built on the company’s watsonx data and AI platform, the new IBM Consulting Cybersecurity Assistant is designed to speed and improve the identification, investigation and response to critical security threats, IBM announced Monday (Aug. 5). “As cyber incidents evolve […]

On a day when a stock market rout promised to become a full-fledged bloodbath, and as recession fears mounted, the latest spate of economic data on employment is proving to be grist for a gloomy mill. Simply put, as employment data continues to come in cold (where once it was red-hot), already-stretched households may be […]

As consumers grow tired of retailers’ increasing utilization of locked display cases, cable ties and electronic tags, many are switching to digital channels to eliminate this major friction point, Amazon CEO Andy Jassy noted. On the eCommerce giant’s earnings call Thursday (Aug. 1), Jassy spoke to how these theft-prevention measures’ negative impact on the in-store […]

April Koh, at 31, stands as the youngest woman to lead a multi-billion dollar company as CEO of Spring Health, a mental health tech startup now valued at $3.3 billion. Koh’s journey began at Yale University, where personal experiences with mental health challenges sparked an idea. What started as an academic research project in 2016 […]

Software-as-a-Service platform Wix has begun offering its customers access to Google’s Gemini for Workspace artificial intelligence (AI) tool. “Over the last decade, Wix augmented their website building solution with the best online tools from Google — search, advertising, maps and productivity,”  Yuval Dvir, senior director of online channels and partnerships at Google, said in a […]

Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses in Egypt and, in the future, other markets in the Middle East and North Africa (MENA) region. The platform currently digitizes and empowers mom-and-pop stores, hotels, restaurants, cafes, fast-moving consumer […]

Elon Musk has reportedly resurrected his suit against OpenAI, the AI startup he helped found. The world’s richest man had sued the artificial intelligence (AI) company in March, only to withdraw the suit in June one day before it was set to go to trial. Now, he has resumed the legal action, once again accusing OpenAI and co-founders Sam Altman […]

Online fashion resale platform ThredUp introduced a suite of artificial intelligence-driven shopping tools. The new offerings include an improved search function, an enhanced image search, and the company’s new AI-powered chatbot, according to a Monday (Aug. 5) press release. “AI presents an enormous leap forward for secondhand shopping by bringing emotion and storytelling to the […]

Canadian payments FinTech Nuvei is set to acquire Brazilian payments institution Pay2All. The deal, announced Monday (Aug. 5), is designed to expand Nuvei’s capabilities in Brazil and its presence in the larger Latin American market. Pay2All’s payment institution license from Brazil’s central bank will let Nuvei act as an “issuer of electronic currency,” the company […]

Thrive Capital reportedly raised $5 billion for its biggest-ever pair of venture capital funds. The fundraising is a sign that the artificial intelligence boom is reviving investor enthusiasm, The Wall Street Journal reported Monday (Aug. 5). Thrive told its investors Sunday (Aug. 4) that it received commitments for the full amount, which marks its largest-ever […]

CredibleX and Fracxn partnered to provide small- to medium-sized businesses (SMBs) with access to a variety of financing solutions. With this collaboration, Fracxn’s instant financing solutions for SMBs will be added to the financial solutions offered by CredibleX, the companies said in a Monday (Aug. 5) press release. “Together, we simplify access to financing and […]

Mexico-based FinTech Aviva has raised $5.5 million in seed funding. “This oversubscribed round highlights the strength of our model’s unit economics, as well as our mission to provide innovative and accessible financial services to a market of 70 million people who are still underserved or receive very low-quality products,” the company wrote in a recent […]

This week in paycheck-to-paycheck shopping news, retail brands are sharing that consumers are becoming less cautious in their spending on small purchases such as groceries, even as they continue to show belt-tightening behaviors for large-ticket products such as furniture. Consumer packaged goods brands Mondelez International and Procter & Gamble both shared on their earnings calls […]

Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. The company will use the new funding to scale its team and deliver its solutions to more FinTechs, banks and other financial institutions, according to a July 29 press release. “This […]

Cross-border payments infrastructure platform Layer2 Financial raised $10.7 million in a Series A round. The new funding will allow Layer2 to enhance its infrastructure, which uses fiat and digital currencies to securely move billions of dollars per year, according to a Wednesday (July 31) press release. Layer2 has seen a 20% or more increase month […]

If there’s a common theme emerging among eCommerce platforms this earnings season, it’s that the last moments of a transaction are continually being refined and streamlined. PayPal reported earnings Tuesday (July 30), Amazon did so Thursday (Aug. 1), and Shopify will report this week. Checkout exists as what can be termed the “last few feet” […]

Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. The luxury retailer, which last month announced it was merging with Neiman Marcus, has missed payments to dozens of the brands it works with, fashion industry news source Glossy reported Monday (Aug. 5). “What I don’t understand is how you can get someone to give you a couple of […]

Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to $3.3 billion, Bloomberg News reported Monday (Aug. 5), citing sources familiar with the matter. The report notes that the investments mark a surge in new deals for Chinese artificial intelligence companies hoping […]

In the connected economy, there are simple business models (think subscriptions), complex business models (think platforms like Uber), and then there’s insurance. The insurance sector is so large and complicated that it’s hard to get a read on how big it is. Some estimates put it at $12 trillion cutting across health ($1.3 trillion), property […]

Timely and reliable payments are fundamental to strong business-to-business (B2B) partnerships and are especially critical for small to mid-sized businesses (SMBs) on the receiving end. However, the continued use of paper payments and manual accounts payable (AP) and accounts receivable (AR) processes often leads to payment delays and poor communication, threatening the trust and two-way […]

The banking industry is experiencing a seismic shift as agile, digital-native FinTechs capture an ever-growing share of the market. Burdened by outdated technology, traditional financial institutions face mounting challenges in delivering modern digital services. The growing dominance of FinTechs — securing nearly half of all new account openings — highlights the urgency for banks to […]

Earnings drove the CE 100 Index lower this past week — and almost all segments were under water, so to speak, as markets swooned amid the specter of a slowing economy. Eat Segment’s the Lone Positive Performer Only one pillar of the CE 100 Index posted a positive return, as the Eat segment gathered 6.3%. […]