Sam Altman’s Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.
Industry News
Latest Klarna financials show company ‘on track’ to profitability
Klarna has âmore than halvedâ its operating losses in the first quarter of 2023 compared with the first financial quarter of 2022. The Buy Now, Payer Later (BNPL) provider said its loss ratio improved by 78 per cent on an…
AI regulation draws attention of G7 officials
G7 national officials will meet in Japan on the 30th May to discuss challenges posed by generative AI tools like ChatGPT.
US Congress members demand PayPal end ban on Palestinian businesses
Eleven members of US Congress have written a letter demanding that PayPal ends its ban of providing service to Palestinians.
EBAday 2023: Digital euro on unsteady ground
A final decision is yet to be made about the issuing of a digital euro by the European Central Bank (ECB). The earliest a CBDC could be released would be 2026, but as it becomes more of a reality more…
Exclusive: Nordic Capital scoops up payments veteran Mohit Agnihotri
Nordic Capital has announced the appointment of technology and payments veteran Mohit Agnihotri as a new partner for the European private equity firm that recently raised its EUR 9 billion Fund XI.
