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Billions are flowing into AI, but not where they used to. The largest funding rounds this week went to startups working on deployment, compute and pricing, the systems that determine whether AI can operate efficiently and profitably. The focus is shifting from invention to execution as investors look for what they can scale.
Vercel raised $300 million dollars at a $9.3 billion...
Walmart has entered the real estate business by purchasing a Pittsburgh-area mall.
News of the $34 million acquisition first broke in February, and eight months later, it’s still not quite clear what the retail giant plans to do with the Monroeville Mall, according to a Monday (Oct. 6) New York Times (NYT) report. Tenants, however, are worried about their new landlord.
“The entire...
Treasury Secretary Scott Bessent appointed Social Security Administration Commissioner Frank Bisignano to serve in an additional role: the newly created position of CEO of the IRS.
Bisignano will continue to serve as commissioner of the SSA. In his role as CEO of the IRS, Bisignano will report to Bessent, who is also acting commissioner of the IRS, the Treasury Department said in a...
The European Union’s markets watchdog is set to begin monitoring cryptocurrency companies.
Verena Ross, chair of the European Securities and Markets Authority (ESMA), said the European Commission is drawing up plans that would move regulation of crypto firms, clearing houses and stock exchanges from national organizations to the authority, the Financial Times reported Monday (Oct. 6)....
In the race to make payments more invisible, seamless and smart, one fact can often get overlooked.
Money moves most efficiently when it flows through the pipes that firms already use.
In every major industry, those pipes are defined by the anchor systems that have long underpinned day-to-day operations.
In manufacturing, the enterprise resource planning (ERP) system decides how orders...
When two regional banks merge, it’s not just their balance sheets that combine. It’s their digital ambitions and competitive strategies, too.
The latest and among the most consequential example came Monday (Oct. 6) when Fifth Third Bancorp announced plans to acquire Comerica in an all-stock transaction valued at $10.9 billion, creating the ninth-largest bank in the United States by...
Verizon appointed its independent lead director and former PayPal Holdings CEO Dan Schulman as CEO, effective immediately, saying he will lead the company’s “new chapter of growth.”
Schulman succeeds Hans Vestberg, who will serve as a special advisor through Oct. 4, 2026, and as a member of the board of directors until Verizon’s 2026 annual meeting, the company said in a Monday (Oct. 6...
OpenAI launched a multibillion-dollar partnership with chip designer Advanced Micro Devices (AMD).
The collaboration will see the companies develop artificial intelligence data centers running on AMD processors, according to a Monday (Oct. 6) press release.
“This partnership is a major step in building the compute capacity needed to realize AI’s full potential,” OpenAI co-founder and...
Fifth Third Bank will be the ninth-largest bank in the United States after it acquires Comerica.
The $10.9 billion merger between the lender and the Texas-based regional bank will create an entity with a combined $288 billion in assets, according to a Monday (Oct. 6) press release. The transaction is expected to close in the first quarter of 2026.
The merger will also help Fifth Third...
Personal styling service Stitch Fix has launched an artificial intelligence (AI)-powered visualization tool.
Stitch Fix Vision, announced Monday (Oct. 6), gives customers personalized imagery of their likeness in an array of shoppable outfit recommendations based on their style profile and the newest fashion trends.
“When Stitch Fix launched nearly 15 years ago, we disrupted the retail...