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AI startup Modal Labs is reportedly looking to raise funds at a $2.5 billion valuation.
The company, which specializes in artificial intelligence (AI) inference infrastructure, is in talks with venture capitalists about a new funding round, TechCrunch reported Wednesday (Feb. 11), citing sources familiar with the matter.
According to the report, the deal would more than double Modal...
Explore more conversations like this From the Block.
The cryptocurrency industry appears to have a narrative problem.
The story it tells is about speed, innovation and a financial system rebuilt from scratch. The story it hasn’t figured out is what happens when an ordinary person makes an ordinary mistake, and there’s no one to call.
That disconnect was at the center of the latest...
Watch more: The Digital Shift With North’s Greg Gorman
Back-office details don’t inspire much excitement. But for all that they may be overlooked, when back-office detail is executed poorly, it can derail even the best laid front-office plans.
Think of the humble invoice. Now think of trying to pay a poorly designed one.
“Gone are the days where you can have a great product and a great...
The novelty phase of conversational artificial intelligence has officially ended, giving way to a more formidable market phase: structural reliance. While nearly half of U.S. consumers have now interfaced with AI assistants, the real story isn’t the influx of new users — it’s the stickiness among the incumbents.
The February 2026 “Agentic AI Report” by PYMNTS Intelligence noted that...
This edition of “The Prompt Economy Tracker®” examines how tokenization is emerging as the foundational trust layer for agentic AI and the next generation of digital commerce. Through the narrative persona of a consumer whose AI agent manages everything from paying bills to handling returns and booking travel, the report illustrates how invisible checkouts have reshaped the consumer journey. What...
A growing share of retail small businesses are not planning for the next downturn so much as financing their way through the next week, and PYMNTS Intelligence data showed just how thin that margin has become.
The PYMNTS Data Book “How Retail Small Businesses Finance Survival in Uncertain Times” sketched an economy where access to capital is often less about expansion and more about...
Amazon-owned eero has introduced a device that provides dedicated cellular backup connectivity for the user’s eero network when a primary interconnection goes down.
The eero Signal 4G LTE is compatible with USB-C-powered Wi-Fi 6 or greater eeros and eero PoE Gateway, the company said in a Wednesday (Feb. 11) blog post.
To deploy the new device, users connect it to a compatible eero and...
BlockFills, a provider of crypto liquidity and technology, announced Wednesday (Feb. 11) that it suspended client deposits and withdrawals last week.
The company said in a statement that it did so to protect clients and itself during the recent market and financial conditions. It added that clients can still trade with BlockFills for select circumstances.
“Management has been working...
The Federal Reserve plans to review “matters requiring attention” (MRAs) issued to banks by its examiners and downgrade some to “non-binding supervisory observation,” Reuters reported Wednesday (Feb. 11), citing a Fed internal memo seen by Reuters.
The review of the MRAs will be guided by Fed Vice Chair for Supervision Michelle Bowman’s directive that the central bank’s examiners focus...
Apple plans to delay the launch of several new capabilities for its Siri virtual assistant, Bloomberg reported Wednesday (Feb. 11), citing unnamed sources.
Some features that the company expected to add in March as part of an iOS 26.4 update are now likely to be released in May as part of iOS 26.5 and in September as part of iOS 27, according to the report.
Among the features likely to...