Artificial intelligence accounts for a rapidly growing share of Alibaba Group’s revenue, and it will deliver a return on the substantial investment the company is making in AI infrastructure, CEO Eddie Wu said Wednesday (May 13). Speaking during the company’s earnings call for the quarter...
Japanese conglomerate SoftBank’s quarterly profits jumped nearly threefold thanks to its stake in OpenAI. The company released earnings Wednesday (May 13) showing its net profit more than tripled to 1.83 trillion yen, or $11.6 billion. SoftBank has invested more than $30 billion in OpenAI and said it had...
As digital wallets, eCommerce and AI-powered payments continue reshaping online commerce, Paysafe used its latest quarter to position itself at the intersection of those trends while also navigating some of the pressures that can come with scaling a global payments platform. The company reported first-quarter...
Figure Technology Solutions’ latest quarter underscored how quickly the company is moving beyond its roots in home equity lending and into a broader marketplace model built around mortgages, consumer credit and blockchain-based capital markets, as loan originations and platform activity continued to accelerate. Consumer loan...
Green Dot, a FinTech and bank holding company serving consumers and businesses, continued strengthening its platform and optimizing its balance sheet during the first quarter as it readies for acquisition, Green Dot CEO William Jacobs said in a Monday (May 11) earnings release. “These efforts...
Priority Technology Holdings saw growth across all three segments of its connected commerce engine in the first quarter, with Payables leading the way as it gained larger customers and larger volumes. Overall, during the first quarter, Priority saw its revenue increase 11.1% year over year to...
As cryptocurrency goes mainstream, the sector’s blockchain-native firms and builders are staring down a paradox. They are increasingly tasked with sustaining premium valuations while simultaneously absorbing the costs of expansion, compliance and platform development. That was the dominant narrative on Circle’s first-quarter 2026 earnings call...
Customer acquisition at scale is no longer the name of the online sports betting game. According to executives on DraftKings‘ Friday (May 8) first-quarter 2026 earnings call, competition now centers on infrastructure, data science and product integration. CEO Jason Robins framed “sports predictions” as the...
As banks revisit the architecture underpinning payments, fraud controls and digital money movement, FIS’ latest earnings call on Friday (May 8) positioned the company connective tissue linking artificial intelligence (AI), tokenized deposits and regulated banking infrastructure. That strategy framed the company’s first-quarter earnings call, where...