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)...
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...
Citigroup says it has decided to take its Mexican retail banking unit Banamex public. The lender announced Wednesday (May 24) it plans to pursue an initial public offering (IPO) for Banamex, after exiting the consumer banking market in Mexico last year. “After careful consideration, we...
LegalConnect has launched an integrated payment processing solution for litigation support services firms. The new LegalConnect Payments helps these firms consolidate and save money on payment processing fees, collect and process online customer payments, and receive next-day funding for better cash flow, the legal technology company said in...
With fast-casual chains’ stocks outperforming the restaurant industry, more brands, including Panera and Cava, are looking to capitalize on the industry’s recovery. Panera Brands, a group encompassing fast-casual bakery-café chain Panera Bread, Einstein Bros. Bagels and Caribou Coffee, announced significant moves Tuesday (May 23) on its path to going public via initial...
Artificial intelligence company Figure has raised $70 million toward its goal of commercialized, humanoid robots. The Series A round, announced Wednesday (May 24) is part of a wave of recent funding in the artificial intelligence (AI) space, and is designed to help the company build...
The Hong Kong arm of banking giant HSBC has launched a B2B transaction financing tool. The new offering lets B2B sellers on online platforms offer customers extended payment terms, Trade Finance Global reported Wednesday (May 24). “The last few years mark an accelerated shift to online buying and selling...
With a passionate online following already under its belt, Shein is now setting its sights on expanding its influence in the U.S. In pursuit of this goal, the fast-fashion eTailer is launching a venture that involves the introduction of pop-up stores and the establishment of...
eCampus.com says it is making the most of Amazon’s decision to end textbook rentals. The company, which sells textbooks and course materials, announced Tuesday (May 23) that it would keep offering textbook rentals, something it had been doing in partnership with Amazon. “College students have...
