Ryan Browne / CNBC:
Klarna strikes a partnership with Stripe to make its BNPL service available to merchants using Stripe’s payment tools in 26 countries, ahead of its US IPO — Klarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants …
Israel-based Orchid Security, which uses LLMs to identify clients’ security requirements, comes out of stealth with a $36M seed led by Team 8 and Intel Capital (Sam Sabin/Axios)
Sam Sabin / Axios:
Israel-based Orchid Security, which uses LLMs to identify clients’ security requirements, comes out of stealth with a $36M seed led by Team 8 and Intel Capital — – Each of those applications require different identity management configurations—such as multi-factor authentication …
DirecTV launches MySports, a sports streamer featuring games from NFL and other major leagues, and access to 40 channels, in 24 US metro areas for $70/month (Hannah Miller/Bloomberg)
Hannah Miller / Bloomberg:
DirecTV launches MySports, a sports streamer featuring games from NFL and other major leagues, and access to 40 channels, in 24 US metro areas for $70/month — – $70 package will offer content from ESPN, Fox Sports and NBC — The Venu sports streaming service was scrapped last week
India’s IT outsourcing industry, which gets more than half of its revenue from the US, expects Trump’s deregulation to spur growth by boosting tech spending (Financial Times)
Financial Times:
India’s IT outsourcing industry, which gets more than half of its revenue from the US, expects Trump’s deregulation to spur growth by boosting tech spending — After years of anaemic growth in largest market, sector expects promised deregulation to encourage tech spending
Paris-based Bioptimus, which is developing a foundational AI model for biology, raised $41M led by Cathay Innovation, bringing its total raised to $76M (Paul Sawers/TechCrunch)
Paul Sawers / TechCrunch:
Paris-based Bioptimus, which is developing a foundational AI model for biology, raised $41M led by Cathay Innovation, bringing its total raised to $76M — A fledgling French AI startup has raised $41 million to develop a foundational AI model for biology. — Just as OpenAI’s ChatGPT …
A profile of Hussain Sajwani, who, alongside Donald Trump at Mar-a-Lago, pledged a $20B investment in US data centers, and why some are skeptical of the plan (Bloomberg)
Bloomberg:
A profile of Hussain Sajwani, who, alongside Donald Trump at Mar-a-Lago, pledged a $20B investment in US data centers, and why some are skeptical of the plan — – Hussain Sajwani has seen big wins from Dubai’s property boom — Sajwani has pledged to invest $20 billion in US data centers
The UK CMA opens a probe to assess Google’s position in search and search ads business and how it impacts consumers, advertisers, publishers, and its rivals (Ryan Browne/CNBC)
Ryan Browne / CNBC:
The UK CMA opens a probe to assess Google’s position in search and search ads business and how it impacts consumers, advertisers, publishers, and its rivals — LONDON — Britain’s competition watchdog on Tuesday said that it’s opening a formal antitrust investigation into Google’s search and search advertising services.
The Biden admin finalizes a rule banning the import or sale of connected vehicles with hardware or software that have a “sufficient nexus” to China or Russia (Bloomberg)
Bloomberg:
The Biden admin finalizes a rule banning the import or sale of connected vehicles with hardware or software that have a “sufficient nexus” to China or Russia — The Biden administration has finalized a rule that effectively bans new personal smart cars with Chinese and Russian technology …
Belgium-based Vertical Compute, a memory chip firm spun out of European VC firm Imec.xpand, raised a €20M seed led by Imec.xpand (Dean Takahashi/VentureBeat)
Dean Takahashi / VentureBeat:
Belgium-based Vertical Compute, a memory chip firm spun out of European VC firm Imec.xpand, raised a €20M seed led by Imec.xpand — Europe’s Imec.xpand is spinning out memory chip firm Vertical Compute in a seed investment round worth $20.5 million. — Founded by CEO Sylvain Dubois …
How Cleo AI and Bright, AI chatbots offering personalized financial advice, often function as a way to sell high-interest loans and cash advances to young users (Reece Rogers/Wired)
Reece Rogers / Wired:
How Cleo AI and Bright, AI chatbots offering personalized financial advice, often function as a way to sell high-interest loans and cash advances to young users — AI finance apps are reaching Gen Z and millennial users with personalized chatbots that offer money advice—and upsell them big-time.
