Artificial Intelligence

May 16, 2026 @ 5:10 pm By Michael Wong  |  

Recursive Superintelligence has raised $650 million at a $4.65 billion valuation in a funding round led by GV and Greycroft, according to the company. The round also included participation from AMD Ventures and NVIDIA, placing the stealth-mode AI lab among a growing group of venture-backed… Read More

May 16, 2026 @ 7:54 am By Omar Faridi  |  

Nu Holdings (NYSE: NU), the parent company of Nubank, reported another solid quarter on May 14, 2026, showcasing its continued dominance as a leading digital financial platform in Latin America. The Fintech company added around 4 million new customers, pushing its global base past 135… Read More

May 16, 2026 @ 2:00 am By Omar Faridi  |  

NatWest has revealed the eight AI-focused startups chosen for its 2026 Fintech Program, marking a significant step in the bank’s drive to nurture Britain’s technology innovators. The announcement came during a London launch event tied to UK Fintech Week, where founders gathered for a roundtable… Read More

May 15, 2026 @ 7:16 pm By Omar Faridi  |  

Stripe has teamed up with Amazon Web Services (AWS) to bring autonomous payment functionality to AWS’s AgentCore platform. The new AgentCore Payments feature, integrated into Amazon Bedrock, equips AI agents with the ability to independently access and settle costs for digital resources—including web content, APIs,… Read More

May 15, 2026 @ 4:57 pm By Omar Faridi  |  

KPMG’s latest Pulse of Private Equity Q1’26 study has indicated that PE investors are growing more selective amid geopolitical tensions, yet capital is steadily channeling into critical infrastructure supporting artificial intelligence, the energy transition, and transportation networks. Released in May 2026, the report shows global… Read More

May 15, 2026 @ 12:24 pm By Omar Faridi  |  

Accenture Federal Services, part of Accenture (NYSE: ACN), has formed a major new alliance with OpenAI aimed at helping federal agencies quickly embrace, transition, and expand cutting-edge artificial intelligence technologies. As a designated OpenAI partner, the firm will guide clients from initial testing phases to fully… Read More

May 15, 2026 @ 10:57 am By Omar Faridi  |  

PitchBook has indicated that venture capital activity in artificial intelligence reached explosive new levels during the first three months of 2026, according to PitchBook’s latest research preview. Total AI-related investments climbed to $255.5 billion in the quarter—surpassing the entire $254.4 billion raised across all of… Read More

May 15, 2026 @ 8:44 am By JD Alois  |  

Gemini Space Station (NASDAQ:GEMI) shared Q1 earnings yesterday, reporting a revenue increase of 42% year over year while stating that the Winklevoss Capital Fund had committed $100 million to the crypto firm. Gemini was founded by the Winkelvoss brothers, who took the firm public last… Read More

May 14, 2026 @ 7:51 am By Omar Faridi  |  

Carta has completed the acquisition of Avantia Law, immediately rebranding the firm as Carta Law. This strategic move brings together a pioneering legal provider with Carta’s established platform for private market operations, promising to streamline high-volume legal and compliance tasks for private equity and venture… Read More

May 14, 2026 @ 12:49 am By Omar Faridi  |  

Klarna (NYSE:KLAR) has unveiled plans to integrate its flexible payment solutions directly into Google Search and the Gemini app through Google Pay. The rollout, announced on May 12, 2026, targets users in the United States and marks another milestone in the buy-now-pay-later (BNPL) provider’s growing… Read More

May 13, 2026 @ 9:50 am By JD Alois  |  

Artificial Intelligence “hallucinations” are a thing. Recently, in the news, there was a report of a major corporate merger announcement that never actually happened. Details were fabricated, including fake press releases, executive quotes, and regulatory filings. There have been estimates that hallucinations have cost $2.3… Read More

May 13, 2026 @ 1:21 am By Tony Zerucha  |  

Pit, an AI-native workforce platform, this week announced its public launch alongside $16 million in funding led by Andreessen Horowitz (a16z). The round includes participation from Lakestar, the Pit founders, executives from OpenAI, Anthropic, Google, Deel, and Revolut, and the Stena and Lundin families. Pit… Read More

May 13, 2026 @ 1:20 am By Omar Faridi  |  

The International Monetary Fund (IMF) has issued a fresh alert on the growing dangers to global financial stability from artificial intelligence. In a blog post dated May 7, 2026, the IMF explains how AI is reshaping both the vulnerabilities and defenses of the financial system…. Read More

May 12, 2026 @ 11:25 am By Tony Zerucha  |  

Corvera, an agentic supply chain management platform backed by Y Combinator, has raised $4.2 million (£3 million) in seed funding to accelerate its expansion and automate end-to-end operational workflows for consumer packaged goods (CPG) brands. The round was led by 6 Degrees Capital, with participation… Read More

May 12, 2026 @ 10:02 am By Tony Zerucha  |  

Some questionable thoughts on stablecoins and crypto investing are among the Web3 Thoughts of the Week. Bitcoin and oil dynamics “Bitcoin’s brief recovery above $80,000 is looking shaky. It’s being driven by easing oil prices rather than strong buying, with Brent back below $110 on… Read More

May 12, 2026 @ 7:33 am By Omar Faridi  |  

PitchBook has indicated that the US venture capital ecosystem reached a conisderable $9.4 trillion in total market value as of March 31, 2026. This, according to PitchBook’s latest quarterly analysis of valuations and returns. Artificial intelligence companies alone command nearly half of that figure—about $5.8… Read More

May 12, 2026 @ 7:31 am By Omar Faridi  |  

Stablecoin issuer Circle (NYSE:CRCL) has recently unveiled its Agent Stack. Announced recently this month, this open-source infrastructure is designed specifically for the “agentic economy”—a future where intelligent agents reason, plan, and execute economic tasks independently. The platform equips agents with the tools to hold funds,… Read More

May 11, 2026 @ 10:20 pm By Omar Faridi  |  

Nubank’s (NYSE: NU) senior executives explained how the company’s artificial intelligence underwriting framework is driving sustainable expansion in credit services. The update from Nubank’s  professional team emphasized that core risk protocols stay firmly in place, with delinquency levels holding steady even as more customers gain… Read More

May 11, 2026 @ 4:16 pm By Omar Faridi  |  

Blockchain security firm CertiK has outlined a transformative vision for autonomous AI systems in a new analysis released recently this month. Today’s AI agents operate in isolated environments, relying on large language models for decision-making but lacking uniform ways to prove who they are or… Read More

May 11, 2026 @ 11:48 am By Omar Faridi  |  

U.S. Bank (NYSE: USB) has entered an expanded partnership with Amazon Web Services (AWS) to shift hundreds of its essential banking systems onto the AWS platform. This multi-year effort targets key areas including payment processing, wealth management, and commercial banking operations. The bank is building… Read More