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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Cravath Lands Six Weil Partners in High-Profile M&A Team Hire
6+ hour, 18+ min ago (868+ words) Former President Barack Obama is urging Democratic leaders to make artificial intelligence policy a major political priority, warning that the technology’s rapid development could create serious dangers without stronger oversight. Obama raised the concerns during a private fundraising event last…...
Paramount, State AGs Set October Settlement Talks in Antitrust Fight
6+ hour, 26+ min ago (610+ words) Paramount Skydance and a coalition of state attorneys general challenging its planned takeover of Warner Bros. Discovery are set to hold two days of settlement discussions in late October, creating a potential path toward resolving an antitrust fight that otherwise…...
Fifth Circuit Upholds Dismissal of Antitrust Suit Against NAR
6+ hour, 36+ min ago (837+ words) South Korea’s antitrust penalties against the country’s biggest business groups have climbed to a record this year, signaling a sharper regulatory stance toward conglomerates as the government intensifies scrutiny of practices that could undermine competition. Penalties imposed on major corporate…...
Broadcom???s VMware Licensing Changes Draw Deeper EU Antitrust Scrutiny
6+ hour, 31+ min ago (504+ words) European Union competition authorities are intensifying their examination of Broadcom Inc.’s changes to VMware software licensing, seeking information from European cloud providers as a deadline approaches that could restrict how some companies sell VMware subscriptions. According to Bloomberg, regulators…...
Sam Altman Floats Industrywide Pause as Frontier AI Safety Concerns Grow
2+ day, 13+ hour ago (403+ words) OpenAI CEO Sam Altman told employees in a company-wide meeting that the firm is considering slowing down its development of cutting-edge artificial intelligence, Bloomberg reported Friday (Sept. 11), citing unnamed sources. Altman said that he hopes other AI labs will join…...
AI Startup Cohere Targets $20 Billion Valuation in Funding Round
1+ day, 21+ hour ago (342+ words) Artificial intelligence startup Cohere is in advanced talks to raise between $2 billion and $3 billion at a valuation of $20 billion, The Globe and Mail reported Friday (Sept. 11). The deal could close as soon as next week, although it has not been…...
Rent the Runway Names Nordstrom Veteran Paige Thomas CEO
1+ day, 21+ hour ago (326+ words) Rent the Runway appointed its chief commercial officer and Nordstrom veteran, Paige Thomas, as CEO, president and member of the board of directors, the company said in a Friday (Sept. 11) press release. Thomas joined the company as CCO in June....
Nvidia Becomes the World???s Most Active $100 Million-Plus VC Investor
1+ day, 23+ hour ago (478+ words) AI is collapsing the walls between venture capital and infrastructure finance. Nvidia’s rise to the top of the $100M-plus funding round leaderboard shows that startups are increasingly being financed alongside the compute, power and data centers they need to scale....
Nasdaq Invests $100 Million in Kraken Parent Payward to Accelerate Tokenized Stock Push
2+ day, 19+ hour ago (333+ words) Nasdaq Ventures has agreed to invest $100 million in Payward, the parent company of Kraken, Nasdaq said in a Thursday (Sept. 10) press release. The investment of part of a broader expansion of the partnership between Nasdaq and Payward that will also…...
Jensen Huang Predicts New AI Models Will Drive Massive Cybersecurity Demand
2+ day, 19+ hour ago (318+ words) Cybersecurity will be the artificial intelligence industry’s next big market, in part because of the capabilities of new AI models set to be released by AI labs, Nvidia Founder and CEO Jensen Huang said Thursday (Sept. 10). Because those who can…...