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Kraaft Raises $3 Million to Expand Contractor Messaging App
Kraaft Raises $3 Million to Expand Contractor Messaging App
October 04, 2023  |  Investments

Kraaft has raised $3.7 million to bring its construction-sector messaging app to new industries. According to a report Wednesday (Oct. 4) by EU Startups, the French company will...

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Federal Judge Denies SEC Request to Appeal Crypto Ruling
Federal Judge Denies SEC Request to Appeal Crypto Ruling
October 04, 2023  |  Legal

A federal judge reportedly denied the Securities and Exchange Commission’s (SEC) request to appeal a ruling regarding Ripple Labs’ cryptocurrency, XRP. U.S. District Judge Analisa...

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Brite Raises $60 Million to Expand Instant Payments
Brite Raises $60 Million to Expand Instant Payments
October 04, 2023  |  Investments

Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. The funding round, announced Wednesday (Oct. 4), was led by Dawn Capital along with a...

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Meta Begins Rollout of Generative AI-Powered Features for Ad Creatives
Meta Begins Rollout of Generative AI-Powered Features for Ad Creatives
October 04, 2023  |  Artificial Intelligence

Meta has begun its rollout of generative artificial intelligence (AI)-powered features for ad creatives in its Ads Manager. The features aim to help advertisers create...

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Are Large Multimodal Models Gen AI’s New LLMs?
Are Large Multimodal Models Gen AI’s New LLMs?
October 04, 2023  |  artificial intelligence

Six months ago, an open letter called to pause further generative artificial intelligence (AI) development. It was signed by tech luminaries including Elon Musk and...

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Nike Sees Strong D2C Sales Despite Consumers’ Discretionary Spending Pressures
Nike Sees Strong D2C Sales Despite Consumers’ Discretionary Spending Pressures
October 04, 2023  |  eCommerce

The continued buildout of Nike’s digital channels and direct-to-consumer (D2C) sales, as well as the brand’s inextricable ties to an ecosystem, are helping buck pressures...

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ADP Finds ‘Steepening’ Decline in Job Growth as Wages Dip
ADP Finds ‘Steepening’ Decline in Job Growth as Wages Dip
October 04, 2023  |  Economy

Private employers added 89,000 jobs last month, the slowest growth rate since early 2021. That’s according to the monthly employment report released Wednesday (Oct. 4) by ADP, which...

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McCormick CEO: Grocery Shoppers Want Value Without Sacrificing Brand Names
McCormick CEO: Grocery Shoppers Want Value Without Sacrificing Brand Names
October 04, 2023  |  Earnings

Even as consumers seek out low-cost options, they choose brand names when given a budget-friendly choice, according to McCormick. The flavors and seasonings giant shared...

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Biden Administration Cancels $9 Billion in Student Loans as Payments Restart
Biden Administration Cancels $9 Billion in Student Loans as Payments Restart
October 04, 2023  |  Loans

The White House canceled $9 billion in debt for 125,000 student loan borrowers. The debt relief comes as student loan payments restart for Americans following...

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