Fintechs Look to Cost Cuts and Layoffs

[ad_1] PayPal and Block said they would trim their expenses, as high interest rates have put many financial-tech companies in a tight spot. [ad_2] Source link

Tech Giants Spend Billions on AI Startups—And Get Just as Much Back

[ad_1] Updated Nov. 3, 2023 1:41 pm ET Amazon, Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a…

Visa, Mastercard Want a Slice of Africa’s Mobile Money

[ad_1] Oct. 18, 2023 11:00 pm ET Listen to article (2 minutes) JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies…

Small-business financing gets tighter; try these tips if you need a loan now

[ad_1] It’s been a difficult year for business owners seeking financing, according to NerdWallet’s 2023 Small-Business Financing Index. While loan volumes are relatively stable, high interest rates and low optimism…

Instacart IPO Is an Expensive Lesson for Venture Firms

[ad_1] The grocery-delivery company is set to deliver significant paper losses to many of the private investors who piled on late. [ad_2] Source link

The AI Frenzy Resurrects the Old SoftBank

[ad_1] The tech downturn didn’t chasten SoftBank for long. Signs of overexuberance are already reappearing along with the new bull market. [ad_2] Source link

EV Startup Lordstown, Once an Ohio Town’s Savior, Files for Bankruptcy

[ad_1] The electric-truck maker, once cheered by investors during the SPAC boom and lauded by former President Donald Trump as a savior for a closed GM factory in Ohio, filed…

Venture-Capital Firm Sequoia to Separate China Business as Political Tensions Rise

[ad_1] Sequoia told its investors it would split into three independent partnerships that would be distinct firms with separate brands. [ad_2] Source link

ChatGPT Fever Has Investors Pouring Billions Into AI Startups, No Business Plan Required

[ad_1] ChatGPT Fever Has Investors Pouring Billions Into AI Startups, No …  The Wall Street Journal [ad_2] Source link

Why the Banking Mess Isn’t Over

[ad_1] Deposit flight and higher funding costs risk squeezing small businesses and lending beyond big cities. [ad_2] Source link