Venture investors are favoring artificial intelligence/cryptocurrency projects over pure crypto firms. That’s according to a report Saturday from CoinDesk, which says that 40 cents of every venture capital (VC) dollar invested in crypto companies last year went to companies building products that merge AI and...
Private credit outfits are reportedly turning to consumer debt for high-yield investments. That’s according to a report Sunday (April 19) from The Wall Street Journal (WSJ), which cited the example of the rent rewards FinTech Bilt. After Wells Fargo informed Bilt it would no longer...
Loop raised $95 million in a Series C funding round to expand its platform for logistics and supply chains across a broader set of enterprise use cases. The company will also invest in top artificial intelligence (AI) talent and deepen its product and engineering capabilities,...
Cursor, a maker of artificial intelligence (AI)-powered coding tools, is looking to raise about $2 billion in a funding round that would value it at over $50 billion, Bloomberg reported Friday (April 17), citing an unnamed source. The discussions are at an advanced stage, but they...
Venture capital firm Accel has raised $5 billion in late-stage capital to invest in artificial intelligence (AI) companies. The company’s partners said in a Tuesday (April 14) blog post that AI has reduced the distance between having an idea and scaling it, that the market is expanding to match that change and that the...
Newly launched cybersecurity startup Artemis has reportedly raised $70 million in new funding. That’s according to a Wednesday (April 15) report from Fortune, which described the company’s mission as using artificial intelligence (AI) to combat AI-powered cyberattacks. According to the report, Artemis’ vision of fighting...
Kraken Co-CEO Arjun Sethi said Tuesday (April 14) that the crypto exchange confidentially filed for an initial public offering (IPO), Semafor reported Tuesday. Sethi shared this news at a Semafor World Economy event in Washington, D.C., according to the report. Kraken aims to help its customers make sophisticated trades that would otherwise...
Investors are reportedly getting worried about life insurance companies’ exposure to the private credit world. According to a Tuesday (April 14) Financial Times (FT) report, insurance is now one of the lowest-performing sectors in the U.S. investment-grade bond index, while the stocks of major insurance...
German stock exchange operator Deutsche Börse has invested $200 million in cryptocurrency exchange Kraken. The deal, announced Tuesday (April 15), gives Deutsche Börse a 1.5% stake in Kraken parent Payward and expands on an existing partnership between the two groups to combine traditional financial markets and digital assets. “Spanning trading,...