News

Artificial Intelligence
Everything You Need to Know About Generative AI but Were Not Afraid to Ask
May 25, 2023

Less than a decade ago, the idea of something like ChatGPT or image generators such as DALL-E would have seemed as much a part of science fiction as light-speed travel. Then, in late 2022, the world woke up to a new paradigm of artificial intelligence...

eCommerce
Ticket Resale Platforms Being Tested by Taylor Swift Tour
May 24, 2023

The ticket reselling business is being tested in new ways by the current Taylor Swift tour. While the pop star has tried to see that tickets go to fans rather than resellers, many of those fans have now tried scalping tickets for the first time,...

Regulation
European Commissioners Say Google CEO Agrees Voluntary AI Rules Needed
May 24, 2023

Two European Commission officials said Google CEO Sundar Pichai agreed there’s a need for voluntary rules around artificial intelligence (AI). EC Internal Market Commissioner Thierry Breton said in a Wednesday (March 24) tweet that he and Pichai met and agreed that there’s a need for an “AI...

eCommerce
Grocery’s Global Digital Growth Lags Behind Other Industries by 29%
May 24, 2023

As consumers increase their digital engagement across all parts of their lives, online grocery adoption is growing more slowly than other parts of people’s day-to-day routines. By the Numbers According to data from PYMNTS’ recent study “How the World Does Digital: Daily Digital Engagement Hits...

Investments
Tyme Raises $77.8 Million to Grow South Africa, Philippines Operations
May 24, 2023

Digital banking group Tyme has raised $77.8 million in a pre-Series C capital raise. The Singapore-headquartered firm will use the new funding to continue growing its operations in South Africa and the Philippines, to expand in Southeast Asia in the future and to perform a partial buyback, according to...

Investments
Moonfire Raises $115 Million for AI-Centric Early-Stage Startups
May 24, 2023

Moonfire Ventures has raised $115 million for European early-stage startups and the artificial intelligence (AI) space. The new fund is the latest in a series of examples of venture capital (VC) interest in AI. “With this new fund, we’re also continuing our mission to integrate state-of-the-art technology across...

Payment Methods
FinTech Mollie Adds Terminal to Growing In-Person Payments Offering
May 24, 2023

European FinTech Mollie has launched an in-person payments solution called Mollie Terminal. The introduction of Mollie Terminal is part of the company’s drive to enhance its in-person payments offering, including QR code-based in-person payments support and the upcoming launch of Tap to Pay for Android, the financial...

Artificial Intelligence
Elon Musk Proposes ‘Third Horse’ in Google-Microsoft AI Race
May 24, 2023

Elon Musk has restated his interest in competing with Microsoft and Google in the artificial intelligence (AI) space. The Twitter and Tesla CEO said the two tech giants need a competitor in the AI game and posited that his companies could play a role to challenge them, The Wall Street Journal (WSJ)...

Artificial Intelligence
Google Says AI ‘Not a Race’ as Microsoft Launches Upgrades Across Its Platform
May 24, 2023

Generative artificial intelligence (AI) is having its major go-to-market phase shift moment. The technology and its revolutionary capabilities have already spurred a profound change in how end-users access and activate information, as well as the way people more broadly use the internet and interact across...