IKEA has acquired logistics tech company Locus to capitalize on growing online sales. Ingka Group, the largest IKEA retailer, announced the deal Tuesday (Oct. 6), calling an investment to strengthen the furniture retailer’s digital capabilities. “In today’s retail landscape, customers expect a seamless home delivery,...
IBM has launched a partnership with artificial intelligence (AI) startup Anthropic. The collaboration, announced Tuesday (Oct. 7), is designed to encourage development of enterprise-ready AI by infusing Anthropic’s Claude large language model (LLMs) into IBM’s software portfolio. The goal is “to deliver measurable productivity gains,...
OpenAI has acquired artificial intelligence (AI)-powered personal finance app Roi. That’s according to an announcement from Roi co-founder/CEO Sujith Vishwajith last week in a post on social media platform X. “We started Roi 3 years ago to make investing accessible to everyone by building the...
When two regional banks merge, it’s not just their balance sheets that combine. It’s their digital ambitions and competitive strategies, too. The latest and among the most consequential example came Monday (Oct. 6) when Fifth Third Bancorp announced plans to acquire Comerica in an all-stock...
Fifth Third Bank will be the ninth-largest bank in the United States after it acquires Comerica. The $10.9 billion merger between the lender and the Texas-based regional bank will create an entity with a combined $288 billion in assets, according to a Monday (Oct. 6)...
FinTechs may be talking themselves out of credit union deals. According to the PYMNTS Intelligence report “Credit Union Innovation Readiness: How FinTechs Are Shifting Their Partnership Strategies,” a Velera collaboration, half of FinTechs sell to credit unions, and 42% of them say they encounter no...
Uber has acquired Segments.ai, a multi-sensor labeling platform for robotics and autonomous driving, the two companies said Thursday (Oct. 2) in separate posts on LinkedIn. In its post, Uber AI Solutions, Uber’s AI data services business, said that the acquisition is part of its commitment...
Priority Technology Holdings has completed its acquisition of substantially all of the assets of Dealer Merchant Services (DMS), a vertically focused reseller in the auto and truck dealership sector. The acquired assets include revenue agreements and customer relationships, and the DMS leadership team of Amberly...
AOL’s owner has reportedly found a buyer for the one-time internet service titan. Yahoo, backed by private equity firm Apollo Global Management, is in advanced discussions to sell AOL to Italian technology company Bending Spoons for roughly $1.4 billion, Reuters reported Thursday (Oct. 2), citing...