PayPal Ventures invested in Mesh, an embedded finance platform for cryptocurrency transfers and payments. The funding was made almost entirely with PayPal USD and marks the first time PayPal Ventures has used PayPal’s in-house stablecoin for an investment, according to a Monday (Jan. 29) press release. (No dollar amounts were given). Founded in 2020, Mesh […]
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Artificial intelligence (AI) company Sema4.ai has secured $30.5 million in funding to bring open source-powered AI to enterprise work. The company aims to redefine the future of knowledge work by developing intelligent agents that transform how knowledge workers collaborate with AI, Sema4.ai said in a Monday (Jan. 29) press release. Traditionally, AI has struggled to support the complex […]
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Dollar General is using artificial intelligence to optimize its fresh produce buying, as across the grocery industry, retailers are tapping automated solutions to improve their purchasing decisions and boost efficiency. The discount chain is expanding its use of AI from solution provider Shelf Engine, which offers demand forecasting capabilities and other inventory insights, to 3,000 […]
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BNY Mellon has unveiled its new cash management solution, called Virtual Account-Based Solutions. This offering aims to provide clients with enhanced access and control over their cash administration activities and reporting capabilities, the bank said in a Monday (Jan. 29) press release. The Virtual Account-Based Solutions provided by BNY Mellon use virtual accounts linked to […]
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Is earned wage access (EWA) a useful tool for cash-strapped consumers? Or just payday lending going by another name? A report Sunday (Jan. 28) by CNBC examines the rising popularity of these programs, which let consumers access part of their ages in advance of payday, in some cases for a fee. The report quotes experts and consumer […]
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Social media platform X is hiring 100 content moderators to police child abuse content. “At X, we have zero tolerance for Child Sexual Exploitation (CSE), and we are determined to make X inhospitable for actors who seek to exploit minors,” the company formerly known as Twitter wrote on its blog Friday (Jan. 26). “In 2023, we made […]
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FTX has reportedly been selling crypto assets and stockpiling cash as it looks to repay customers. Those customers’ accounts have been in limbo since the cryptocurrency exchange collapsed in November 2022. A Bloomberg News report Saturday (Jan. 27), citing court documents, said that FTX’s largest affiliates had $4.4 billion in cash at the end of last year. […]
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A veteran Apple executive who oversaw the company’s electric vehicle efforts is reportedly resigning. DJ Novotney, a vice president of hardware engineering, is leaving Apple after nearly 25 years to take a job with electric vehicle maker Rivian Automotive, Bloomberg News reported Sunday (Jan. 28), citing sources with knowledge of the matter. According to the report, […]
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Reddit’s potential investors reportedly want the company to seek a $5 billion IPO valuation. That’s according to a report Sunday (Jan. 28) by Bloomberg News, citing sources familiar with the discussions around the social media platform’s planned initial public offering (IPO). In an email to PYMNTS on Sunday, Reddit declined to comment. Those sources say Reddit is […]
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