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JPMorgan Chase’s $917 million investment in a Greek fintech company has gone so wrong that the bank last year offered to sell back half of its stake at a valuation of $175 million.
The fintech, Viva Wallet, didn’t take the offer. JPMorgan responded with a lawsuit that accused Viva’s founder of bullying and threatening its representatives. It demanded its full investment back, plus interest. Whoever wins this fight, the deal is another example of the giant bank’s sometimes flawed efforts to grow even bigger
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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At their wedding, Bry Kopinski surprised her husband, Christopher Kopinski, with his dream Rolex: a yellow-gold Datejust with a Wimbledon dial. Read more ›
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A new digital healthcare approach, developed by patientMpower, an Irish digital health company specialising in solutions for remote patient monitoring, has been found by independent researchers to reduce health service costs by 92% and cut outpatient appointments by 80%. The results were confirmed in a randomised controlled trial conducted by researchers in Manchester University NHS […] Read more ›
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«Где мы это обсуждали?» — знакомый вопрос, когда сообщения по задачам теряются в мессенджерах. Я перестала искать контекст по чатам и перенесла все обсуждения в один сервис. Делюсь инструкцией, как сделать это быстро и без проблем. Читать далее Read more ›
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Corca, a startup by Oleg Shevlyagin and Anton Gladkoborodov, raises $7.8M from Nvidia and other investors to innovate math workspaces with AI tools. Read more ›
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I have been an audio reviewer for 20 years. My time as a freelance headphones panelist at Wirecutter, and the multitude of reviews I’ve written for sites like Reviewed, Digital Trends, IGN, and now The Verge, have given me the chance to listen to hundreds of earbuds. Some were truly excellent, and some were pretty […] Read more ›
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"It did not work," Botanix said. "At lest not in this market and not in this timeline." Read more ›
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If you want to see Hawkins live on stage, make your plans now—'Stranger Things: The First Shadow' will end its run at the end of the year. Read more ›
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LinkedIn is launching a creator marketplace to help advertisers identify influencers to partner with. Read more ›
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The main addition here is part of Microsoft's drive to make Windows 11 feel much snappier and more responsive all round. Read more ›
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LinkedIn has shifted from a pure business-networking app to a social feed with 1.3 billion users. Internal docs show the new features it's planning. Read more ›
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We're glad we locked in a great 30-year fixed mortgage rate, but we hate the house we bought and feel we can't leave without ruining our finances. Read more ›
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Meta has to open up WhatsApp to third-party AI chatbots again, the European Commission says. Read more ›
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FanDuel Predicts is widening the range of event contracts available on its platform through a new agreement with Crypto.com and… Continue reading FanDuel Predicts extends event contracts through Crypto.com partnership before World Cup Read more ›
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paymove, a fast-growing FinTech based in Poland founded in 2022, has secured €2.12 million in its latest funding round to develop a payment infrastructure for autonomous AI agents and drive expansion across Western European markets. The round was led by 4growth VC, with participation from Kogito Ventures and a prominent group of business angels. “paymove’s ambition ... Read more ›
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Google Gemini is down for thousands of users today —here's what we know about the potential outage so far. Read more ›
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Hyundai owners will soon be getting a new feature that will give them greater peace of mind with their vehicle without ever having to leave home. Read more ›
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Philips is launching an impressive ceiling light that mimics natural daylight, but it doesn't have smart home integration just yet. Read more ›
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The Information
Walmart is trying to make its Sparky assistant smarter and more capable for shoppers by collecting more real-world data on how people shop inside its 3,500-plus U.S. superstores. Gathering more in-store information has been a focus for the company since Sparky launched about a year ago, said Hari Vasudev, Walmart’s U.S. chief technology officer, and the retailer plans to expand those efforts. That could include tracking when shoppers talk with... Read more ›
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OpenAI’s Codex—which was once pitched as a coding agent for developers and is now being framed as a more general-purpose agent for knowledge workers—is having a moment, as OpenAI chief revenue officer Denise Dresser put it on Tuesday. As I wrote about in this story from Tuesday, lots of developers are making the switch from Anthropic’s more popular Claude Code tool to Codex, as OpenAI has made its models and... Read more ›
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Employee engagement and satisfaction surveys sound simple: Ask your workers about their experience, and then see what they have to say. But in practice, these survey cycles often turn into months-long marathons, with HR teams sometimes taking weeks to agree on the right questions and then manually combing through messy, unstructured data after the results come in. By using Gemini as both a brainstorming partner and a data assistant, HR... Read more ›
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Google’s parent company Alphabet said on Wednesday that it was increasing the size of its equity raise to $84.75 billion from $80 billion. The bulk of the money—Google’s first time selling new stock since 2005—is earmarked for spending on AI infrastructure and compute, highlighting the cost of ... Read more ›
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Meta Platforms is expanding its AI agent offerings for businesses as part of its broader push to monetize AI products and services. At its Conversations business messaging conference on Wednesday, Meta announced it is bringing Meta Business Agent to Instagram and launching the Meta Business ... Read more ›
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Alphabet’s plan to sell $80 billion worth of shares, billed as a way to pay for AI infrastructure and compute, is surprising enough, given the capital raise’s size and the fact that the company last raised equity 21 years ago, when Gwen Stefani’s “Hollaback Girl” was the song of the summer. But there’s another eye-catching detail in the offering’s fine print that reflects an underappreciated reality of big tech’s AI... Read more ›
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Stripe, Visa, Mastercard and Coinbase are planning to form a consortium to issue a new stablecoin, according to people familiar with the matter, seeking to challenge the dominance of Circle and Tether, the two biggest issuers that make up 80% of market share currently. The new stablecoin will be ... Read more ›
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Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal. The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidia’s roster of AI models that can be optimized for Nvidia hardware and offered to enterprises for further customization. Read more ›
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Meta Platforms is considering charging up to $200 a month for its planned consumer version of the OpenClaw AI agent tool, according to internal documents, an ambitious target that would rival top tier offerings from established AI giants. The product, currently called Hatch, could launch with tiered pricing including the $199.99 premium subscription that would include higher usage limits, according to the documents reviewed by The Information and a person... Read more ›
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Broadcom reported 48% higher revenue for its second fiscal quarter, ended May 3, as its AI chip revenue jumped 143% to $10.8 billion. Overall revenue of $22.187 billion was roughly in line with the company’s projection issued in early March. Broadcom has benefited from growing efforts by ... Read more ›
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10.06.2026 08:18
Last update: 08:11 EDT.
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