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Italian robotics firm Generative Bionics has raised $81 million in new funding.
The new funding round was one of the largest ever in Europe in the “humanoid robotics deep tech space,” Generative Bionics said in a Monday (Dec. 8) announcement.
“Our mission is to build a future where intelligent humanoid robots collaborate daily with people, amplifying human cognitive and physical...
Stablecoins, once dismissed as crypto’s training wheels for traditional finance, have spent the past year pedaling into the financial mainstream.
While they remain a relatively small, even puny, portion of global finance, as regulatory policies clarify favorably, stablecoins have come to occupy a growing operational space that intersects with the core activities of banks and payment...
Private credit has moved into the financial mainstream, recently estimated at $2 trillion in outstanding loans and investments that support companies across a wide range of industries.
The market’s reach extends well beyond nonbank lenders and according to some estimates will top $3.5 trillion by 2028. Banks and institutional investors supply the financing that keeps direct lending...
Meta has agreed to offer users in Europe more choice about seeing personalized ads.
The European Commission (EC) announced that agreement Monday (Dec. 8), six months after fining the tech giant over its “consent or pay” model that allows ad-free services for a fee.
Now, Meta will offer users in the European Union (EU) an alternative choice of Facebook and Instagram services that would...
President Donald Trump said Monday (Dec. 8) that he will sign an executive order giving the federal government exclusive jurisdiction over artificial intelligence.
“There must be only One Rulebook if we are going to continue to lead in AI,” he wrote in a post on Truth Social. “We are beating ALL COUNTRIES at this point in the race, but that won’t last long if we are going to have 50...
Cryptocurrency exchange Bybit is teaming with an affiliate of Circle, issuer of the USDC stablecoin.
The collaboration, announced Monday (Dec. 8), is designed to expand access to USDC across Bybit’s ecosystem while strengthening the coin’s liquidity.
“Bybit’s partnership with Circle represents a major milestone in our mission to offer a fully compliant, liquid, and user-friendly...
The global sports industry has accepted a glaring inefficiency: the next global superstar might be playing right now in a remote village or an inner-city park, completely invisible to the professional ecosystem. Geography, travel costs, and the sheer logistical limits of human scouting networks mean that for every athlete discovered, more fall through the cracks.
But the era of “right...
Payments FinTech Airwallex has been valued at $8 billion after raising $330 million.
The new funding, announced Monday (Dec. 8), will help finance the company’s ongoing growth in the U.S. and fuel expanded artificial intelligence (AI) hiring and product development. Airwallex, based in Australia, says it has opened a second worldwide headquarters in San Francisco, and plans to spend...
Payment acceptance inside large suppliers has traditionally operated like a utility. As long as money showed up and could be matched to an invoice, the system was considered successful.
But that worldview is rapidly collapsing. The confluence of inflationary pressure, tightening working capital cycles, digitized B2B payments, and the rise of artificial intelligence (AI) are forcing...
Agentic AI’s intersection with devices like phones, speakers and personal assistants hadn’t been visited much in the Prompt Economy. At least that was the case, up until last week when we heard from an upgraded Alexa+.
Amazon’s newly rebuilt Alexa+ represents a significant shift toward agentic AI, according to Wired. The article reports that Amazon redesigned Alexa around generative AI...