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A downturn in the software and technology sectors could have an impact that rivals that of the energy sector’s issues in 2016, Bloomberg reported Monday (Feb. 9), citing Deutsche Bank analysts.
The analysts highlighted concentration risks to the speculative-grade credit market, saying that the software and tech sectors account for 14% and 16%, respectively, of that credit universe,...
Tax season officially began on Jan. 26, and refunds are already starting to reach consumers’ accounts this month. While the arrival of refunds is annual, the expectations surrounding them remain grounded, shaped less by intent to splurge than by routine financial planning and household budgeting.
New findings from PYMNTS Intelligence suggest that most consumers approach tax refunds...
Despite the sudden surge of enterprise interest in stablecoins, it was the tokenization of real world assets (RWA) that represented the crypto sector’s first major play for the institutional financial space.
The pitch for tokenization is a conceptually linear one: put an asset on chain and trading becomes continuous, settlement instantaneous, ownership programmable, and intermediaries...
MrBeast is deepening his involvement in the financial services sector.
Beast Industries, a creator-based platform founded and led by the YouTube creator and entrepreneur, whose real name is Jimmy Donaldson, announced in a Monday (Feb. 9) press release that it acquired FinTech company Step, which is focused on financial literacy and money management.
Donaldson also announced the...
Autodesk sued Google on Friday (Feb. 6), alleging that the tech giant infringed on its “Flow” trademark for artificial intelligence-powered software, Reuters reported Monday (Feb. 9).
The plaintiff said in its complaint that it began using the name “Flow” for software using to make movies, TV shows and video games in September 2022, and that Google launched its own Flow software...
OpenAI says autonomous agents must be governed and organized more like human workers than disjointed software tools.
This week the company introduced OpenAI Frontier, a platform designed to help organizations build, deploy and manage artificial intelligence (AI) agents with the same structure and oversight companies give human workers. According to OpenAI, many firms today simply layer...
Poland-based parcel locker company InPost has been sold for $9.2 billion (7.8 billion euros).
The deal, announced Monday (Feb. 9), was made by an investor group led by FedEx and private equity group Advent International.
“FedEx has a global network that powers the industrial economy, and InPost has a strong and successful presence in Europe’s out-of-home delivery segment,” FedEx CEO ...
Logistics company Gather AI has raised $40 million in new funding.
The company’s Series B funding round, announced Monday (Feb. 9), is designed to help businesses use physical AI to get a better picture of how goods move through their facilities.
“Inventory is one critical dimension of intralogistics. But between your receiving dock and your shipping dock, valuable operational data...
Experian now offers consumers a high-yield digital savings account.
Available to consumers who have a paid membership with the company, the new Experian Smart Money Digital Savings Account currently offers variable annual percentage yields (APYs) up to 4%, according to a Monday (Feb. 9) press release.
The digital savings account has no minimum deposit or direct deposit requirement,...
Databricks has seen its valuation more than double in 13 months to $134 billion.
The data analytics/artificial intelligence (AI) company announced that valuation Monday (Feb. 7) along with $7 billion in new investments: $5 billion of equity financing and roughly $2 billion of additional debt capacity.
Databricks says it will use the new capital to bolster Lakebase, its serverless...