Imprint, a fintech that builds co-branded credit card programs, has raised $150 million at a $1.2 billion valuation. The round was led by Khosla Ventures, with participation from several top-tier VC firms.
The era of the unicorn is over. A new class of startup, the “hectocorn,” valued at $100 billion or more, has emerged. This small club includes giants like OpenAI, SpaceX, and ByteDance.
A new report reveals a surprising common goal for CFOs across manufacturing, healthcare, and tech. They’re all focused on slashing the time it takes for revenue to become usable cash, a metric now seen as critical for business resilience. The path to get there, however, looks completely different on
The mystery behind a data center developer’s stock crash is solved. Amazon is the prospective tenant that withdrew a $150 million construction advance for a massive Texas project, though talks are reportedly still ongoing.
Visa’s group president notes that $11 trillion in global cash won’t vanish overnight but will fuel digital payments growth for years. PYMNTS data shows mobile wallets now account for 35% of online and 21% of in-store transactions in major economies, signaling a major shift in how we pay.
Google’s Nick Fox says optimizing for its new AI search is identical to traditional SEO. This comes as a survey finds 77% of e-commerce firms are rethinking marketing due to AI.
A CEO’s guide warns that the rapid advancement of AI has created a dangerous “linguistic gray zone” between business and tech leaders. Not understanding terms like RAG or reinforcement learning is now a strategic risk.
Jim Cramer is urging Amazon not to proceed with a reported $10 billion investment in OpenAI. He calls the potential deal, where OpenAI would use Amazon’s custom AI chips, a “sham-like” circular arrangement that echoes the dangerous speculation of the dotcom era.
A report from the Institute for Corporate Productivity signals a major shift. Companies are poised to use AI not just for productivity, but as a strategic lever for workforce restructuring, with significant layoffs already underway.
Demis Hassabis, CEO of Google DeepMind, says the current frenzy around AI startup funding is creating unsustainable “bubbles.” He points to companies raising at “tens of billions” valuations with little to show, predicting a market correction is on the way.
