Tag Archives: Business News

Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings.  On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments international. Ivy recently built an API to create a “network of networks” for open banking payments globally. Open banking, a concept where traditional banks...

AI21 Labs is planning to use the money raised for developing AI products that will compete with ChatGPT developer OpenAI and AI safety and research company Anthropic. AI21 Labs, a Tel Aviv-based AI lab and product startup, has raised $155 million in a Series C funding round that was led by such companies as Walden Catalyst Management LLC, Pitango VC, SCB10X Co Ltd, b2venture, Samsung Next, as well as Google LLC and NVIDIA Corp (NASDAQ: NVDA). The funding round has brought the company’s...

[unable to retrieve full-text content]CoinspeakerAugust Proves Worst Month for Equities This Year So Far but Market Data Is Improving A tighter labor market and lower jobs opening shows that inflation pressure continue. Companies are adopting a cautious before the Fed's September meeting. August Proves Worst Month for Equities This Year So Far but Market Data Is Improving

[unable to retrieve full-text content]CoinspeakerOpenAI Eyes $1B in Annual Revenue as More Businesses Adopt AI Use OpenAI revealed that since the launch of ChatGPT nine months ago, it has been adopted by more than 80% of Fortune 500 companies. OpenAI Eyes $1B in Annual Revenue as More Businesses Adopt AI Use

[unable to retrieve full-text content]CoinspeakerNasdaq Composite Soars Over 1% as Tech Stocks Rebound At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data. Nasdaq Composite Soars Over 1% as Tech Stocks Rebound

[unable to retrieve full-text content]CoinspeakerRedwood Materials Raises over $1B to Expand Its Footprint in US Redwood Materials said that it's committed to the use of recycled materials, and will also engage in refining and manufacturing activities. Redwood Materials Raises over $1B to Expand Its Footprint in US

[unable to retrieve full-text content]CoinspeakerApollo.io Raises $100M in Series D Funding Round Led by Bain Capital Ventures (BCV) at Valuation of $1.6B Apollo.io has grown to a respectable B2B platform with over 3 million global customers hence its revenue up more than nine times in the past two years. Apollo.io Raises $100M in Series D Funding Round Led by Bain Capital Ventures (BCV) at Valuation of $1.6B

[unable to retrieve full-text content]CoinspeakerXiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth. Xiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos

[unable to retrieve full-text content]CoinspeakerWall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall The inflation and jobs data will play a crucial role in further market movements. Wall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall

[unable to retrieve full-text content]CoinspeakerBYD Shares Soar Following Impressive Q2 2023 Earnings Report BYD faces fierce competition from both domestic rivals and Tesla in a relentless price war. The battle for market share led to price cuts from all sides, with the goal of increasing accessibility and product penetration. BYD Shares Soar Following Impressive Q2 2023 Earnings Report