Technology
Due to the government shutdown, the SEC revealed Thursday that businesses are permitted to move forward with IPOs via a little-known automatic approval mechanism, now with the added benefit of omitting pricing details completely. What’s unfolding is that, with 90% of SEC personnel on furlough, startups are able to submit their documentation and have it…
Satya Nadella, Microsoft’s CEO, posted a video on Thursday showcasing his firm’s initial deployed massive AI system, which Nvidia refers to as an AI “factory.” He stated that this is the “first of many” Nvidia AI factories to be deployed across Microsoft Azure’s global data centers for OpenAI workloads. Each system is a cluster of…
The swift rise of Sora led numerous App Store scammers to attempt to capitalize on its popularity. Following the release of OpenAI’s invite-only, video-generating mobile application the previous week, Apple’s App Store was overwhelmed with fraudulent apps that also claimed to be “Sora” or “Sora 2” — the latter alluding to the innovative AI video…
Apple revealed on Thursday the adjustments it’s implementing to adhere to Texas state law SB2420, which mandates age verification for app stores and their developers. Despite Apple’s previous deployment of its own age verification tech and resources in anticipation of regulatory action earlier in the year, the tech giant voiced concerns over the Texas law’s…
A multitude of businesses supplying goods and services to the EU’s 450 million consumers are now required to meet new accessibility standards that were implemented in June. Similar to the GDPR before, this new legislation led companies to hurriedly adjust their websites, e-commerce platforms, and banking applications. However, despite the existence of similar standards in…
Around the same time that Nvidia’s CEO, Jensen Huang, voiced his surprise regarding OpenAI’s substantial, multi-billion dollar agreement with AMD, a competitor, not long after Nvidia had agreed to potentially invest $100 billion in the AI model developer, Sam Altman indicated that similar agreements were anticipated. Huang made an appearance on CNBC’s Squawk Box on…
Last week, with barely any wind on the MCM studios building’s roof in Manhattan, six entrepreneurs stood on a stage to present their companies. April Wachtel eventually had her turn. She stood up and presented her company, Cheeky Cocktails, to a judging panel that included Tim Draper, the billionaire venture capitalist. As she pitched, men…
On Wednesday, Amazon revealed the launch of prescription vending machines at its One Medical clinics. These new in-office kiosks, managed by Amazon Pharmacy, enable patients to obtain their prescriptions immediately following their appointments. Amazon Pharmacy Kiosks will first be available at One Medical locations in Los Angeles, beginning in December, with plans for Amazon to broaden availability…
Qapita, the equity management platform based in Singapore, has secured $26.5 million through a Series B round spearheaded by Charles Schwab. The agreement involves Charles Schwab launching Schwab Private Issuer Equity Services — powered by Qapita — allowing U.S. startups to handle their cap tables, manage stock plans, and ready themselves for IPOs. Established in…
British fintech firm Revolut, now entering the Indian market, points out that cross-border payments are still an under-addressed area in India’s financial services. They estimate that Indians spend approximately $30 billion annually overseas, incurring roughly $600 million in bank fees — charges the India head deems “criminal.” “It has been the domain of banks,” Revolut…
