1. Fintech stocks drop amid consumer spending fears
Fintech stocks saw significant declines as Wall Street expressed concerns over consumer spending, with major players like Robinhood and Coinbase experiencing double-digit losses. Source
2. Barclays nears deal to sell merchant business
Barclays is reportedly close to a £650 million deal to offload its UK merchant acquiring division to Brookfield Asset Management, which will acquire a 90% stake over three years. Source
3. 1Money Network hires executives from top firms
1Money Network has strengthened its leadership team with executives from OKX, Binance, and Ripple, following a $20 million seed funding round to enhance its stablecoin payments services. Source
4. FutureVault secures $3 million for AI technology
FutureVault has raised $3 million to enhance its AI-powered digital vault technology, aimed at providing secure and efficient document management for financial institutions. Source
5. SparkReceipt gains investment for global growth
SparkReceipt has secured investment from Trind Ventures to expand its pre-accounting software platform globally, targeting micro-businesses with AI-driven bookkeeping solutions. Source
6. Kiva receives $100k grant for female entrepreneurs
Kiva has been awarded a $100,000 grant from Boundless Futures Foundation to support female social entrepreneurs in the U.S. through a revolving loan fund. Source
7. Ori selects Kao Data for AI cloud region
Ori has chosen Kao Data’s facility in Harlow as its first UK AI cloud region, utilizing NVIDIA H200 GPUs to provide advanced AI infrastructure for customers. Source
8. Keppel acquires Global Marine Group
Keppel has acquired Global Marine Group, enhancing its subsea capabilities in cable maintenance and installation, further solidifying its position in the telecommunications sector. Source
9. BT reverses plan to retire consumer brand
BT has announced it will not retire its consumer brand, retaining BT alongside EE to avoid alienating older customers reliant on traditional services. Source
10. Chunghwa Telecom partners with Broadpeak
Chunghwa Telecom has selected Broadpeak to implement dynamic ad insertion for its Hami Video streaming service, aimed at boosting ad revenue from live sports. Source
11. Qualcomm to acquire Edge Impulse
Qualcomm has announced its intention to acquire Edge Impulse, enhancing its capabilities in AI and embedded machine learning to support IoT development. Source
12. Musk’s xAI expands with Memphis site
Musk’s xAI has purchased a large site in Memphis to expand its Colossus cluster, significantly boosting its AI computing capabilities. Source
13. UK government to reduce AI research red tape
The UK government plans to cut red tape for AI research projects to accelerate innovation, aiming to enhance the country’s position in the global AI market. Source
14. Astrum Mobile selects SwissTo12 for satellite
Astrum Mobile has partnered with SwissTo12 to build the Neastar-1 satellite, aiming to enhance its satellite communication capabilities in the Asia Pacific region. Source
15. Mitel files for Chapter 11 bankruptcy
Mitel has confirmed its Chapter 11 bankruptcy filing, expecting a swift exit as it restructures to strengthen its financial position. Source
16. Qualcomm to acquire Edge Impulse
Qualcomm has announced its acquisition of Edge Impulse, aimed at enhancing its machine learning capabilities for IoT applications. Source
17. T-Mobile invests in adtech startup Blis
T-Mobile has invested $175 million in adtech startup Blis, aiming to strengthen its advertising capabilities and enhance customer engagement strategies. Source
18. FCC waives SpaceX satellite emission rules
The FCC has granted SpaceX a waiver on satellite power emission rules, facilitating its ongoing satellite communication projects and expansions. Source
19. BBC outlines new digital strategy
The BBC has unveiled a new digital strategy aimed at enhancing its online presence and adapting to changing media consumption habits. Source
