Banks Warn of AI Shopping Agents’ Fraud and Privacy Risks
Banks including NatWest and Bank of America have warned that the growing use of artificial intelligence (AI) agents for online shopping could increase the risk of scams, fraud and data-privacy breaches. In a report...
Accelevation Targets $5.37 Billion Valuation in US IPO
Accelevation, a data centre infrastructure company backed by private equity firm Olympus Partners, is targeting a valuation of up to $5.37 billion in its US initial public offering (IPO), joining a growing wave of...
Binance Buys $100 Million Stake in Circle, Deepening USDC Partnership
Circle said on Tuesday that Binance has purchased a $100 million stake in the stablecoin issuer, strengthening the cryptocurrency exchange’s ties with the company behind USDC, a major US dollar-pegged digital token. Circle shares...
DoorDash Settles NYC Worker Pay Probe for $131.5 Million
DoorDash has agreed to a $131.5 million settlement with New York City over allegations that it underpaid delivery workers or delayed their payments. The agreement with the Department of Consumer and Worker Protection includes...
Meta’s AI Agent Muse Sparks Wall Street Optimism Over New Revenue Stream
Wall Street is growing bullish on Meta Platforms as its newly launched AI agent, Muse, raises expectations of a potential new revenue stream and expanded AI monetization opportunities. Launched on September 8, Muse can...
Tesla Faces Major Trial Over Alleged Racial Discrimination at California Plant
Tesla is set to face trial on Monday in Oakland over allegations of widespread racial discrimination against Black workers at its flagship Fremont, California, assembly plant. The lawsuit, filed in 2022 by the California...
Warner Bros, Paramount Shares Jump on Merger Settlement Hopes
Shares of Warner Bros Discovery and Paramount Skydance surged in premarket trading on Monday after a report indicated that Paramount and California’s attorney general were in advanced settlement talks. A potential agreement could resolve...
SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment
SoftBank Group has launched a $10 billion US dollar-denominated and €1 billion euro-denominated senior unsecured bond offering to finance its investment in OpenAI, according to a term sheet released on Monday. The dollar notes...
Meta’s Alberta Data Centre Boosts Province’s Appeal to Global Tech Giants
Meta’s planned C$13 billion ($9 billion) data centre in Alberta is strengthening the Canadian province’s appeal to major technology companies, Capital Power CEO Avik Dey said. The investment signals confidence in Alberta’s artificial intelligence...
Oura Targets $15.62 Billion Valuation in US IPO
Smart ring maker Oura is targeting a fully diluted valuation of $15.62 billion in its US initial public offering (IPO), signalling renewed momentum in the autumn listing market. The company and existing investors plan...