Artificial Intelligence

December 26, 2024 @ 8:16 am By Tony Zerucha  |  

2024 was a pivotal year for 40Seas as it seeks to become the Salesforce of cross-border trade finance. Co-founder and CEO Eyal Moldovan said the sector is long overdue for disruption. Moldovan said his clients are still adapting to a post-COVID-19 world, which has fostered… Read More

December 24, 2024 @ 5:26 pm By Michael Wong  |  

Brooklyn Artificial Intelligence Research (Brooklyn) has finalized a strategic funding round led by Atypical Ventures, with backing from S&P Global Ventures, the CEO of the Hantz Group, and several asset and wealth management executives, according to an announcement. The company plans to use this new… Read More

December 24, 2024 @ 3:37 am By Omar Faridi  |  

Multiverse Computing, a firm focused on value-based quantum and quantum-inspired AI software solutions, announced an investment from the Italian investor in venture capital CDP Venture Capital Sgr, as part of the firm’s Series A round. The investment was carried out via compartments of the Corporate… Read More

December 23, 2024 @ 6:17 pm By Omar Faridi  |  

Visa (NYSE: V) announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payments protection tech that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa’s fraud protection capabilities and enhance security. Visa will now reportedly… Read More

December 23, 2024 @ 4:46 pm By JD Alois  |  

President-Elect Donald Trump has announced the team that will be leading the tech charge including crypto and Artificial Intelligence (AI). During the Biden Administration, both digital assets and AI development were dissuaded via various means. The anti-tech posture of the Administration pushed multiple prominent VCs… Read More

December 23, 2024 @ 4:05 pm By Omar Faridi  |  

LexisNexis Risk Solutions, part of RELX, has entered into an agreement to acquire IDVerse, a provider of AI-powered automated document authentication and fraud detection solutions. IDVerse will become part of LexisNexis Risk Solutions Business Services. Founded in Australia and launched commercially in 2018, IDVerse uses… Read More

December 23, 2024 @ 6:56 am By Omar Faridi  |  

KPMG in Germany and Merantix have entered a strategic partnership to accelerate innovation and capitalize on the growing adoption of artificial intelligence across the German and European market. The collab is anchored by KPMG’s investment in Merantix Capital’s AI Fund, which invests in and builds… Read More

December 22, 2024 @ 5:26 pm By Tony Zerucha  |  

  If David Johnston believes 2025 will be a pivotal year for smart agents and decentralized AI, it’s a pretty safe bet. Johnston is an open-source contributor to Morpheus, a platform that launches smart agents. He co-founded Bit Angels to invest in Bitcoin startups in… Read More

December 21, 2024 @ 3:29 pm By Tony Zerucha  |  

This past week, Vapi, a developer platform for deploying Voice AI agents, announced that it raised $20 million in Series A funding, led by Bessemer Venture Partners with participation from Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz. This investment will enable… Read More

December 21, 2024 @ 3:13 pm By Omar Faridi  |  

FalconX is pleased to be the first custodian to offer custody and staking support for Bittensor (TAO), providing institutional investors and ecosystem participants with secure, institutional-grade solutions for asset storage and earning staking rewards. This quick integration – completed in around two weeks – demonstrates… Read More

December 21, 2024 @ 12:00 pm By Omar Faridi  |  

GAIB reports that it has raised a $5 million pre-seed round in order to build the economic layer for AI compute. GAIB has confirmed the completion of their pre-seed funding round. The investment round was co-led by Hack VC, Faction, and Hashed, alongside investments from… Read More

December 21, 2024 @ 10:59 am By Omar Faridi  |  

Brightflag, the AI-powered e-billing and matter management platform for corporate legal departments, announced that 2024 will be its “best-ever” year of growth. Ian Nolan, founder and CEO of Brightflag said: “This year Brightflag has added more customers than ever before. I am very proud that… Read More

December 21, 2024 @ 6:58 am By Omar Faridi  |  

Leap Financial announced a $3.5 million seed raise led by Fuel Venture Capital, with investment in the Miami-based fintech reportedly coming from Ascendo Venture Capital. Leap provides a service that allows financial and non-financial institutions to participate in cross-border money flows, eliminating “inefficiencies and helping… Read More

December 19, 2024 @ 3:54 pm By Omar Faridi  |  

Research and development are considered to be fundamental to empowering individuals globally through World Network. That’s why Modulus Labs is officially joining World contributor Tools for Humanity (TFH) to establish a new Applied Research team dedicated to supporting cryptographic and machine learning solutions “that are… Read More

December 19, 2024 @ 3:40 pm By Omar Faridi  |  

PayPal Ventures has announced an investment in Bureau. Risk intelligence platform Bureau has reportedly seen 3x revenue growth as the surge in sophisticated fraud attacks drive “demand for AI-powered prevention.” According to the update from PayPal Ventures, AI isn’t just making fraud smarter – it’s… Read More

December 19, 2024 @ 10:30 am By Omar Faridi  |  

Artificial Intelligence (AI) in digital payment systems is reshaping the payments industry in an era of quick technological transformation. From better fraud detection to more efficient transactions, AI is changing the way of payment processing. Peko Wan, Co-CEO of Pundi X, a provider of blockchain-based… Read More

December 18, 2024 @ 11:13 am By Tony Zerucha  |  

The following is commentary from Michal “Mehow” Pospieszalski, CEO of MatterFi. MatterFi is a security-focused, foundational layer for financial services to build into the crypto ecosystem, giving those organizations access to all the key services they will need to enable them to quickly build compliant,… Read More

December 18, 2024 @ 8:49 am By Tony Zerucha  |  

ThetaRay, a provider of AI-powered financial crime detection technology, announced the deployment of its new GenAI Financial Crime Detection Suite through a collaboration with Microsoft. By integrating Microsoft Azure OpenAI Service, ThetaRay cited such benefits as enhanced risk assessment, operational efficiency, and better reporting of… Read More

December 17, 2024 @ 9:13 pm By Omar Faridi  |  

Thoughtworks, a tech consultancy that integrates strategy, design and engineering, announced it has signed a collaboration agreement with Amazon Web Services (AWS) to help enterprises across Asia Pacific develop generative artificial intelligence (GenAI) solutions that “drive operational efficiencies.” This will help Thoughtworks’ clients in industries… Read More

December 16, 2024 @ 12:40 pm By JD Alois  |  

OurCrowd revealed a new VC investment center in Abu Dhabi to manage deals for its platform while expanding its market back in late 2022.  At the same time, the investment platform announced an AI hub named Integrated Data Intelligence Ltd (IDI), which seeks to develop… Read More