Hawaii-based community bank American Savings Bank has filed for a proposed initial public offering, the bank said in a Monday (Aug. 24) press release. American Savings Bank publicly filed a registration statement on Form S-1 with the Office of the Comptroller of the Currency (OCC), according to the release. The number of...
General Intuition, which is developing a foundation artificial intelligence model with potential applications in robotics, is finalizing a funding round that would value the company at $6 billion, TechCrunch reported Monday (Aug. 24), citing unnamed sources. The company’s AI model was developed using hundreds of...
U.K. FinTech investments have reached a 10-year low amid an overall jump in funding. British financial technology firms took in around $2.5 billion during the first six months of 2026, a two-thirds decline from the previous year, according to the latest edition of KPMG’s Pulse...
Payload has secured a strategic investment led by Fifth Third to expand its embedded payments platform, Payload said in a Wednesday (Aug. 19) press release. Payload was founded in late 2019, processed its first payment in January 2020 and processed nearly $500 million in May alone, according to the release. The...
Nscale, a developer of artificial intelligence (AI) data centers, aims to raise as much as $3 billion in an initial public offering that could take place as soon as September, Bloomberg reported Friday (Aug. 21), citing unnamed sources. Deliberations are ongoing, and the details could change,...
Dexmal, a Chinese firm developing embodied artificial intelligence to control robots, is seeking a valuation of 20 billion yuan ($3 billion) in a funding round, Bloomberg reported Friday (Aug. 21). The talks are ongoing, Dexmal Founder Tang Wenbin said in the report. Previous Dexmal funding...
California is reportedly seeing an historic wave of investment due to Silicon Valley’s artificial intelligence (AI) boom. Companies there have taken in around $366 billion in venture capital this year, with just two artificial intelligence (AI) firms—OpenAI and Anthropic—accounting for half that total, The Wall...
Nvidia has discussed participating in a funding round that would value Mercor, a data labeling provider that supplies data that helps the chip designer develop open-source models, at $20 billion, The Information reported Wednesday (Aug. 19), citing unnamed sources. The size of Nvidia’s potential investment and the total...
FinTech PointsKash has secured a strategic capital commitment of up to $100 million from Hawk Capital Advisors to support the national rollout of its FinTech, payments, loyalty rewards and digital commerce offerings, PointsKash said in a Wednesday (Aug. 12) press release. PointsKash is developing physical and digital platforms to create a flexible...