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News
Apollo Scaling Back Services at Invoice Finance Company Eliant
13+ hour, 14+ min ago (448+ words) Apollo Global Management is reportedly shuttering some parts of its Eliant Trade Finance platform. That’s according to a report Friday (Sept. 11) by Bloomberg News, which says the move comes after a difficult year for the previously hot inventory financing market....
Lawyer Sanctioned After AI Generates Fake Witnesses in Murder Appeal
13+ hour, 48+ min ago (440+ words) A New Mexico defense attorney’s use of artificial intelligence in a murder appeal has landed him in trouble. The state’s Supreme Court last week held attorney Stephen Aarons in direct contempt of court for submitting a brief with “false testimony…...
Anthropic Could Land Nvidia as $10 Billion IPO Investor
14+ hour, 14+ min ago (446+ words) Anthropic is reportedly in talks to have Nvidia invest in its landmark stock market listing. The chipmaker would come on as an anchor investor for Anthropic’s initial public offering (IPO), Reuters reported Friday (Sept. 11), citing sources familiar with the matter....
OpenAI Pauses IPO Plans Amid AI Safety Worries
15+ hour, 49+ min ago (452+ words) OpenAI has reportedly postponed plans to go public amid corporate concerns about artificial intelligence safety. The AI startup’s initial public offering (IPO) will not take place in 2026, CEO Sam Altman said in an interview with Fortune on Friday (Sept. 11), saying…...
Cravath Lands Six Weil Partners in High-Profile M&A Team Hire
23+ hour, 8+ min ago (868+ words) Former President Barack Obama is urging Democratic leaders to make artificial intelligence policy a major political priority, warning that the technology’s rapid development could create serious dangers without stronger oversight. Obama raised the concerns during a private fundraising event last…...
The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for U.S. Merchants and How Agentic AI is Changing What Comes Next
1+ day, 1+ hour ago (164+ words) PYMNTS.com The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for U.S. Merchants and How Agentic AI is Changing What Comes Next They’ve picked the product and are ready to pay. Then their preferred digital wallet is missing,…...
FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth
1+ day, 9+ hour ago (146+ words) PYMNTS.com 48% of FinTechs Plan to Pursue Credit Union Deals FinTechs What In: How Credit Unions Can Turn Partnerships Into Growth PYMNTS Intelligence surveyed 100 FinTech executives and found a sharp shift toward credit union partnerships. A market with nearly 146 million…...
Sam Altman Floats Industrywide Pause as Frontier AI Safety Concerns Grow
3+ day, 6+ hour ago (403+ words) OpenAI CEO Sam Altman told employees in a company-wide meeting that the firm is considering slowing down its development of cutting-edge artificial intelligence, Bloomberg reported Friday (Sept. 11), citing unnamed sources. Altman said that he hopes other AI labs will join…...
FinTechs See 146 Million Reasons to Target Credit Unions
3+ day, 12+ hour ago (265+ words) FinTechs once saw credit unions as a hard market to crack. Now the door is crowded, and many providers want a way inside. “FinTechs Want In: How Credit Unions Can Turn Partnerships Into Growth” is a PYMNTS Intelligence and Velera…...
AI Startup Cohere Targets $20 Billion Valuation in Funding Round
2+ day, 14+ hour ago (342+ words) Artificial intelligence startup Cohere is in advanced talks to raise between $2 billion and $3 billion at a valuation of $20 billion, The Globe and Mail reported Friday (Sept. 11). The deal could close as soon as next week, although it has not been…...