Artificial Intelligence

April 19, 2025 @ 4:57 pm By Omar Faridi  |  

This past year, the tech titans—Alphabet, Amazon, Apple, Meta, Microsoft, and Nvidia—collectively raked in nearly $2 trillion in revenue, a 15% increase from the previous year, according to a recent CBInsights report. These tech companies, already towering over the private tech sector with a market… Read More

April 17, 2025 @ 1:00 pm By Snehal Shinde  |  

Automation is not a newcomer to the business world. Companies have been leveraging it for centuries to gain a competitive edge. From the early days of mechanized looms to the more recent appearance of smart technologies, the business world has welcomed wave after wave of… Read More

April 17, 2025 @ 8:28 am By Omar Faridi  |  

Auradine, Inc., a firm focused on breakthrough, energy-efficient solutions for blockchain and AI infrastructure, announced closing of an additional $153 million in connection with its Series C funding round. The oversubscribed round was led by StepStone Group and “included participation from Maverick Silicon, Premji Invest,… Read More

April 16, 2025 @ 9:58 am By JD Alois  |  

Artificial intelligence startup Portia AI has raised £4.4 million in funding led by General Catalyst with the participation of First Minute Capital and Stem AI. Portia AI is a provider of AI development tools offering an open-source SDK. The company says users can “build production-grade… Read More

April 15, 2025 @ 10:15 am By Omar Faridi  |  

Gradient Labs is an AI company that has built (what they claim to be) the only safe AI customer service agents for regulated industries, including financial services, fintech, and insurance. While AI-powered customer service isn’t new, regulated industries have been left behind due to strict… Read More

April 14, 2025 @ 9:16 pm By Omar Faridi  |  

Seb Vanhecke, Chief Product Officer of European fintech Rydoo, has commented on on the rise in employee expense fraud due to AI-generated fake receipts and the end of the fiscal year causing finance teams to become overwhelmed “with higher priority tasks, meaning routine tasks such… Read More

April 14, 2025 @ 10:00 am By Tony Zerucha  |  

Occasionally, a Fintech comes along that is truly unique, and Waterlily is one such company. From the problem it tackles to how it tackles it, Waterlily has identified a new (and large) territory with little competition. It serves its clients in a logical, methodical way…. Read More

April 14, 2025 @ 8:17 am By Omar Faridi  |  

To help organizations implement and secure identity access controls for AI agents, CyberArk (NASDAQ: CYBR), the global firm focused on identity security, is working with Accenture (NYSE: ACN) to integrate Accenture’s AI Refinery with its AI-powered Identity Security Platform. This integration will provide clients with… Read More

April 12, 2025 @ 5:51 pm By Michael Wong  |  

Hong Kong Investment Corporation Ltd (HKIC) and fintech platform WeLab announced a strategic partnership to accelerate artificial intelligence (AI)-driven financial services, aiming to promote digital financial inclusion across Asia. The collaboration will enable WeLab to expand its exploration of AI applications, including developing innovative AI… Read More

April 12, 2025 @ 10:50 am By Omar Faridi  |  

Sekoia.io, a European cybersecurity technologies provider and developer of the Sekoia AI-SOC platform, announces it raised 26 million euros from Revaia, with participation from UNEXO and the support of its existing investors Bright Pixel Capital, Omnes Capital and Bpifrance. This Series B funding round brings… Read More

April 11, 2025 @ 11:01 am By Omar Faridi  |  

From AI’s growing dominance to a crypto resurgence, the CBInsights team break down the trends shaping fintech ecosystem. As noted in the CBInsights research report, on its face, fintech funding appeared to have had “a strong quarter in Q1’25, topping $10B for the first quarter… Read More

April 11, 2025 @ 10:22 am By JD Alois  |  

The US Department of Justice is pursuing criminal charges against Albert Saniger, the former CEO of nate, for allegedly defrauding investors out of $40 million. Nate was an artificial intelligence firm that claimed to have proprietary technology while employing real people to do the work…. Read More

April 10, 2025 @ 5:20 pm By Omar Faridi  |  

In a speech delivered at the Federal Reserve Bank of San Francisco, Federal Reserve Governor Michael S. Barr highlighted the transformative potential of bank-Fintech relationships in driving the integration of Generative Artificial Intelligence (GenAI) into the financial services sector. Barr emphasized that the interplay of… Read More

April 9, 2025 @ 9:33 pm By Omar Faridi  |  

Hawk, the provider of AI-powered anti-money laundering (AML), screening and fraud prevention solutions, announced its $56 million Series C round of funding. Hawk is the chosen partner for more than “80 customers globally, ranging from large banks to mid-market financial institutions and fintechs.” Its technology… Read More

April 8, 2025 @ 12:06 pm By JD Alois  |  

Cybersecurity for crypto firm Octane has announced a $6.75 million seed round as it emerges from stealth mode. Winklevoss Capital and Archetype led the funding round. Other investors include Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners, and strategic angels Balaji Srinivasan, Sina Habibian,… Read More

April 7, 2025 @ 11:08 am By Omar Faridi  |  

The financial services sector is witnessing a key shift as artificial intelligence (AI) adoption accelerates, prompting innovative responses from industry professionals. Canapi Ventures, a fintech investment firm, has launched its inaugural Generative AI Council to bridge the gap between AI founders and the complex financial… Read More

April 5, 2025 @ 4:06 pm By Omar Faridi  |  

The global venture capital landscape in Q1 2025 has split sharply into two worlds: artificial intelligence (AI) and everything else. According to PitchBook’s latest First Look datasets, AI continues to dominate VC funding, claiming an unprecedented 57.9% of total capital deployed worldwide. This surge was… Read More

April 4, 2025 @ 11:45 am By Omar Faridi  |  

The venture capital landscape in Q1 2025 has reached a critical point, with funding soaring to its highest level in nearly three years, according to CB Insights’ latest State of Venture Q1’25 Report. This surge, driven predominantly by artificial intelligence (AI), underscores a transformative moment… Read More

April 3, 2025 @ 8:05 am By Omar Faridi  |  

Sweden’s central bank, the Riksbank, is embracing a transformative shift in economic forecasting, as recent findings from its Monetary Policy Department reveal that artificial intelligence (AI)-based models are outperforming traditional time series models in predicting Swedish GDP and inflation. This development marks a significant leap… Read More

April 2, 2025 @ 11:52 am By Luke Gebb  |  

Startups have a reputation for disruption for good reason—they’re fast-paced, agile, and have delivered some of the most innovative products of the last decade from social platforms to Generative AI. Large corporations, on the other hand, have a reputation for falling behind, beholden to bureaucracy,… Read More