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Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment Bank
Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment Bank
July 05, 2023  |  Banking

A bankruptcy judge has reportedly approved the sale of SVB Financial Group’s investment bank to its managers. SVB Financial Group, the bankrupt former owner of Silicon Valley Bank,...

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Report: CFTC Considering Lawsuit Against Celsius Network and Former CEO
Report: CFTC Considering Lawsuit Against Celsius Network and Former CEO
July 05, 2023  |  Cryptocurrency

The Commodity Futures Trading Commission (CFTC) is reportedly considering filing a lawsuit against Celsius Network and its former CEO. The agency’s investigators have concluded that...

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Meta Launches Threads, a Text-Based App, in Over 100 Countries
Meta Launches Threads, a Text-Based App, in Over 100 Countries
July 05, 2023  |  Meta

Meta has launched its text-based app called Threads. The new app was built by Meta’s Instagram team and offers a space to share posts that...

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Authors’ Lawsuit Alleges OpenAI Violated Copyright Law in ChatGPT Training
Authors’ Lawsuit Alleges OpenAI Violated Copyright Law in ChatGPT Training
July 05, 2023  |  artificial intelligence

Two authors have sued OpenAI, alleging the ChatGPT creator violated copyright law. Paul Tremblay and Mona Awad said in their lawsuit that the ChatGPT artificial...

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CADDi Raises $89 Million to Expand Procurement Platform and Cloud Service
CADDi Raises $89 Million to Expand Procurement Platform and Cloud Service
July 05, 2023  |  Supply Chain

CADDi has raised $89 million in Series C funding for its solutions for the manufacturing sector. The company will use the new funding to enhance the...

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Report: Outcome-Based Pricing Gains Ground in Tech Market
Report: Outcome-Based Pricing Gains Ground in Tech Market
July 05, 2023  |  Subscription Commerce

A small but growing number of tech companies are reportedly offering pricing based on outcomes rather than usage. With these outcome-based or value-based pricing models,...

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Mashreq Deploys Electronic Facial Recognition to Allow Online Bank Account Onboarding
Mashreq Deploys Electronic Facial Recognition to Allow Online Bank Account Onboarding
July 05, 2023  |  Biometrics

Mashreq has launched electronic facial recognition (EFR) technology to facilitate the onboarding of large corporate clients. With the implementation of this technology, UAE-based large corporate banking...

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Silicon Valley Bank Cautiously Restarts Lending Operations
Silicon Valley Bank Cautiously Restarts Lending Operations
July 05, 2023  |  Banking

Silicon Valley Bank (SVB) has reportedly — and carefully — reentered the startup/venture lending business. As The Wall Street Journal (WSJ) reported Wednesday (July 5), the bank —...

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IFC and Thai Credit Partner to Help Small Businesses
IFC and Thai Credit Partner to Help Small Businesses
July 05, 2023  |  Partnerships

International Finance Corporation (IFC) and Thai Credit Retail Bank have partnered to help small businesses in Thailand. As a global development institution that is a member of...

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