The valuation or the timing of Anthropic’s planned initial public offering could be impacted by Thursday’s (Nov. 5) selloff of tech stocks, according to multiple media reports. The Wall Street Journal reported Thursday that three major investors who plan to participate in the IPO said...
OpenAI Co-Founder and President Greg Brockman said Wednesday (Nov. 4) that the company could be ready for an initial public offering in 2027 and that it has formed a strategic partnership with JPMorganChase to supply the bank with artificial intelligence services, The Wall Street Journal...
London-based digital bank Monzo is considering a funding round that would value it at 7.5 billion pounds (about $10.1 billion) after failing to secure a takeover by Nubank or a stake sale to private equity, The Financial Times reported Thursday (Nov. 5), citing unnamed sources. Monzo’s talks with Nubank about...
Visa found that when 22 artificial intelligence models from 12 labs were put through realistic shopping scenarios, 57.2% of the test runs passed and 42.8% failed, according to a Thursday (Nov. 5) press release. Among the best-performing AI models, 82.2% of test runs passed, while...
The gap between open and closed artificial intelligence models narrowed again this week. Moonshot released the weights for Kimi K3.1 Pro, and Mistral did the same for Large 4. Both pitch finance as a core use case. Moonshot, Mistral and Tencent Open Their Flagships Moonshot...
Amazon will charge marketplace sellers in the United States an average of 19 cents more per item to fulfill orders in 2027, according to a Thursday (Nov. 5) company announcement. However, for a merchant deciding how much stock to send Amazon before the next holiday...
Does enterprise artificial intelligence (AI) save teams money, or cost companies cash? It’s a question with a potentially category-defining answer, and it’s one that depends on whom you ask. News broke this week, for example, that Apple is reportedly putting its employees’ AI usage on...
Walmart agreed to a new multiyear partnership with Zipline to add at least 300 drone delivery sites around the United States, according to a Thursday (Nov. 5) press release. Walmart, which said in the release that it has the largest drone delivery program in the...
Artificial intelligence (AI) agents are getting corporate cards of their own. The cards let the agents buy supplies, book travel and pay vendors without an employee entering payment details for every purchase. Ramp, Mercury, Corpay and Sunrate are introducing cards for autonomous agents. Spending limits,...