Fintech News

In a significant move, OpenAI, a leading artificial intelligence research organization, has announced its restructuring as a for-profit company. This strategic shift aims to drive growth and innovation in the rapidly evolving AI landscape. As part of the restructuring, the nonprofit organization that previously controlled OpenAI will receive a substantial...

In a bold move to challenge the online encyclopedia giant Wikipedia, billionaire entrepreneur Elon Musk has unveiled his own AI-driven encyclopedia, dubbed Grok. On Monday, Musk launched Grok, a platform that aims to provide a more accurate and reliable source of information, leveraging the power of artificial intelligence. Grok, named...

In a move to capitalize on the rapidly growing artificial intelligence (A.I.) market, Qualcomm, a leading manufacturer of smartphone chips, has unveiled a new line of chips designed to power A.I.-enabled devices. The announcement, made on Wednesday, sent Qualcomm's share price surging, highlighting the company's ambition to become a major...

A widespread outage is currently affecting several major online services, causing disruptions to users worldwide. The list of impacted platforms includes e-commerce giant Amazon, social media app Snapchat, popular gaming platform Roblox, and mobile payment service Venmo. However, these are not the only services experiencing issues. Other major platforms, such...

In the ever-evolving landscape of Silicon Valley, where innovation and disruption are the lifeblood of the tech industry, a new phenomenon has emerged to captivate the attention of the valley's elite: "TBPN," a streaming show that has become the unlikely obsession of the tech world's power players. This unassuming series,...

In a significant development, Kalshi, a rapidly expanding online prediction market platform, has successfully secured new funding. This latest investment round comes at a time when prediction markets are increasingly gaining mainstream recognition and attention. Prediction markets, which allow users to buy and sell contracts based on the outcome of...

The rapidly evolving financial technology landscape is witnessing a heated battle between fintech start-ups and traditional investment firms over access to a prized asset: your 401(k) account. A growing number of financial tech companies are developing platforms that enable outside financial advisers to connect with and manage individuals' retirement accounts,...

In a bold move that has sent shockwaves throughout the tech industry, OpenAI has announced its ambitious plans to revolutionize the way we interact with the internet. At its recent DevDay conference, the company revealed its vision to integrate a vast array of online services and functionalities directly into ChatGPT,...

In a move to manage data storage costs, Snapchat has announced that it will start charging its most active users for storage. The social media giant will offer a generous five gigabytes of free storage, but users who exceed this limit will be subject to a small fee. This policy...

In a move that aligns with industry norms, Snapchat has announced that it will start charging its most active users for storage. The popular social media platform will offer users up to five gigabytes of free storage, after which a small fee will be applied. This policy shift brings Snapchat...

In a recent development, YouTube, owned by Alphabet Inc., has agreed to pay $24.5 million to settle a lawsuit filed by former US President Donald Trump. The lawsuit, initiated by Trump in 2021, claimed that the video-sharing platform, along with other social media companies, had unfairly suspended his accounts. The...