Figure Technologies has reportedly laid off staff and is preparing for an initial public offering (IPO). The firm laid off 20% of its staff — 90 employees — this week, Bloomberg reported Friday (July 28), citing documents the media outlet had reviewed. The documents also showed that Figure...
Microsoft has told investors that the supply of graphics processing units (GPUs) is a key resource — and risk factor — for the company’s growing cloud business. The tech giant included three passages about the GPUs needed for its data centers in its annual report for the 2023...
Binance and its CEO, Changpeng Zhao, are reportedly fighting back against a complaint filed against the cryptocurrency exchange by the U.S. Commodity Futures Trading Commission (CFTC). They filed a motion to dismiss the CFTC’s case and are claiming that the agency is attempting to regulate foreign individuals and corporations residing and...
When the Associated Press (AP) became the first major publisher to license its content to a major artificial intelligence (AI) platform, the newswire reportedly ensured that it could modify the terms if another publisher struck a better deal. This first-mover safeguard was included in the agreement announced by the...
This week in payments, Mastercard and Visa both posted strong numbers in the quarter that just ended, cryptocurrency regulation is poised to take a major step forward, and Shopify equipped small- to medium-sized businesses (SMBs) with easier access to working credit. Major Card Networks Report...
The European Union (EU) is looking into the tightening of regulations experienced by ride-hailing apps in Spain. The EU has opened a preliminary probe into whether the latest measures enacted by the Spanish government protecting the taxi industry from private hire services such as Uber, Bolt and Cabify, are a breach...
Crocs is in the business of collaborations. It’s a skill many can learn from, as the footwear company reported $1.07 billion in revenue on Thursday (July 27). The skill has been noted by PYMNTS in the past, as it serves as a valuable lesson for others who...
Victoria’s Secret will present a “re-imagined fashion show” on Amazon’s Prime Video. “The Victoria’s Secret World Tour” will be available to stream on Sept. 26, and a tour-inspired collection will be available for sale following the show’s release, the apparel brand said in a Thursday (July 27) press...
Amazon Prime Days and Walmart+ Week showed high participation this year. Consumers engaged more when they saw better bargains during the world’s top two retailers’ deal days. Data finds that customers who participated in July’s sales events were primarily motivated by the deals and savings...
