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Figure is reportedly in talks with investors to raise $1.5 billion for its work in developing humanoid robots.
The startup aims for a valuation of $39.5 billion, though the talks are ongoing and the terms could change, Bloomberg reported Friday (Feb. 14), citing unnamed sources.
The company made a breakthrough in reasoning abilities and now believes that its products could be ready for use in...
It was an earth-shaking week for regulatory agencies, and a groundbreaking week for stablecoins.
For those seeking to keep up with the dizzying pace of job cuts, court rulings, orders to “stop all work” and even attempts to consolidate departments, the long weekend may offer welcome respite to step back and mull what comes next.
The biggest headlines, arguably, swirled around the Consumer...
Meta is reportedly forming a new team that will be devoted to developing artificial intelligence-powered humanoid robots.
The team will be within the company’s Reality Labs hardware division, Bloomberg reported Friday (Feb. 14), citing unnamed sources. It will be led by Marc Whitten, the former CEO of General Motors’ Cruise self-driving division, and will add about 100 engineers this year.
Meta...
The Commodity Futures Trading Commission (CFTC) has named the former director of its Whistleblower Office, Brian Young, as its director of enforcement.
The appointment was announced Friday (Feb. 14) by CFTC Acting Chairman Caroline D. Pham, according to a CFTC press release. Young had been serving in an acting capacity since Jan. 22.
“He is a fearless leader that will build an even more...
London-based startup E-Money Markets raised 700,000 pounds (about $882,000) in pre-seed funding to build a white-labeled foreign exchange solution.
“This milestone is a crucial step toward our launch, and we’re proud to be building the future of FX broking together,” the company said in a Friday (Feb. 14) post on LinkedIn.
The solution E-Money Markets is building will offer competitive exchange...
Global IT spending is expected to increase by 9% in 2025, driven by AI and cloud expenditures, according to a report from S...
Freight Technologies launched a transportation management system (TMS) designed for brokers, shippers and other logistics operators working across the United States-Mexico-Canada Agreement (USMCA) region.
The new Fleet Rocket is designed to help these businesses handle both domestic and cross-border logistics and optimize supply chain management, the logistics management technology company said...
Google DeepMind CEO Demis Hassabis reportedly told employees Wednesday (Feb. 12) that he is not worried about DeepSeek.
Asked during an all-hands meeting about DeepSeek, which claimed last month that it built an artificial intelligence model at a fraction of the cost of other models, Hassabis said Google has what it takes to stay ahead, CNBC reported Friday (Feb. 14).
Hassabis said some of...
January’s retail sales data showed a broad slump, worse than economists had expected.
And though the headlines and analysis — depending on where you go to find them — may tie the pullback to weather and uncertainty over tariffs, even eCommerce sales (contained in the non-store retailer category) showed a notable decline, as did essential everyday spend categories.
Maybe the last-minute gift...
The Consumer Financial Protection Bureau (CFPB) reportedly sent termination notices to more employees on Thursday (Feb. 13).
After firing some probationary employees Tuesday (Feb. 11), the agency sent termination notices to dozens of “term employees” who have contracts with end dates, Reuters reported Thursday (Feb. 13).
The firings are part of a broader effort by the Trump administration to...