Finance - News Articles

WhatsApp Pay Stumbles in India's Fintech Dominion Despite Massive User Base

Jul 08, 2025

Rest of World

WhatsApp Pay struggles to make inroads in India's $3 trillion fintech market despite boasting 500 million users, as regulators cap its user base for years, allowing rivals like Google Pay and PhonePe to dominate while WhatsApp treats payments as a side feature with minimal upgrades or marketing.

Finance Consumer Behavior

AI Agents Revolutionizing Industries: From Customer Service to Fraud Prevention

Jul 07, 2025

CIO

AI agents are revolutionizing industries, rapidly transitioning from experimentation to integration into operations like customer service, logistics, fraud prevention, and automating repetitive tasks across finance, retail, and healthcare.

Customer Service Logistics Finance Retail Healthcare

Mark Cuban: World's First Trillionaire Will Leverage AI in Groundbreaking Way

Jul 03, 2025

CNBC

Mark Cuban, a billionaire investor, predicts that the world's first trillionaire will emerge by leveraging artificial intelligence (AI) in a groundbreaking manner, harnessing its potential to generate unprecedented wealth and advises people to familiarize themselves with AI tools like ChatGPT to stay ahead.

Generative AI Finance Workplace

OpenAI Disavows Robinhood's Tokenized Shares Offering

Jul 03, 2025

CNBC

OpenAI disavows Robinhood's tokenized shares offering, emphasizing no equity transfer was approved and urging caution as Robinhood launches tokenized shares of OpenAI and SpaceX for European users.

Finance Legal Trust

AI-Fueled Campfire Ignites $35 Million Series A for Automated Accounting

Jul 03, 2025

TechCrunch

AI-powered accounting startup Campfire raises $35 million Series A led by Accel, leveraging AI capabilities like automatic reconciliation and cash flow analysis to win over startups from NetSuite, as founder John Glasgow draws on experience from Invoice2go acquisition.

Accounting Finance Automation Venture Capital Startups

Musk's xAI Secures $10 Billion for AI Ambitions, Fueling Rivalry

Jul 02, 2025

CNBC

Elon Musk's AI startup xAI secures $10 billion in funding, with $5 billion in debt and $5 billion in equity, fueling its ambitions to build AI infrastructure and develop the Grok chatbot, intensifying rivalry with OpenAI and Anthropic.

Generative AI Finance Autonomous Systems

Harvey AI Soars to $5 Billion Valuation After Raising $300 Million in Four Months

Jun 23, 2025

TechCrunch

Legal AI startup Harvey skyrockets to $5 billion valuation after securing $300 million in Series E funding, marking a 67% jump from its $3 billion valuation just four months ago as the company reaches $75 million in annualized revenue and plans aggressive expansion into tax accounting services.

Legal Finance Natural Language Generative AI

OpenAI's Ex-CTO Secures $2 Billion Seed Round for AI Startup at $10 Billion Valuation

Jun 20, 2025

TechCrunch

Mira Murati, former OpenAI CTO who led development of ChatGPT and DALL-E, secures $2 billion seed round at $10 billion valuation for her new AI startup Thinking Machines Lab, backed by Andreessen Horowitz and Conviction Partners.

Generative AI Deep Learning Finance

OpenAI Slashes GPT-4.1 Prices, Sparks AI Price War as Altman Ousted

Jun 12, 2025

VentureBeat

Breaking news: OpenAI slashes GPT-4.1 prices, igniting an AI price war as Sam Altman is ousted as CEO amidst a legal battle with music publishers over AI copyright.

Generative AI Legal Finance

OpenAI Soars to $10 Billion ARR, Propelled by ChatGPT Frenzy

Jun 09, 2025

CNBC

OpenAI's revolutionary ChatGPT has ignited a frenzy, propelling the AI powerhouse to an astonishing $10 billion in annual recurring revenue, with ambitious plans to reach a staggering $125 billion by 2029, showcasing investors' confidence in its disruptive potential.

Generative AI Natural Language Finance