Business

PhonePe has paused its plans for an initial public offering, citing geopolitical tensions and instability in financial markets. The Bengaluru-based fintech said Monday that it remains committed to listing on…

xAI is facing a lawsuit in federal court alleging that its AI systems allowed the creation of abusive sexual images involving identifiable minors. Three anonymous plaintiffs filed the complaint Monday…

Apple has acquired MotionVFX, a company that develops plug-ins, templates, and visual effects tools for Final Cut Pro. Financial details of the transaction were not disclosed. MotionVFX announced the acquisition…

GridBeyond has raised €12 million ($13.8 million) in a new equity funding round to expand its virtual power plant technology designed to balance electricity supply and demand on modern power…

Picsart has introduced an AI agent marketplace that allows creators to deploy specialized assistants for tasks such as editing images, resizing social media content, and managing product visuals for online…

Bank of America has agreed to settle a lawsuit filed on behalf of victims of Jeffrey Epstein who accused the bank of facilitating Epstein’s sex trafficking operation. The proposed settlement…

JD.com launched its European online shopping platform Joybuy on Monday as the company seeks to expand internationally and compete with major players such as Amazon and Chinese rivals already operating…

Mastercard has integrated Bank of Shanghai into its global money movement platform Mastercard Move to support two-way payment flows between China and international markets. The partnership is designed to make…

Mastercard has launched a new cross-border payments platform designed to help small and medium-sized enterprises expand into international markets. The solution, called Mastercard Global Commerce Suite for Small Businesses, is…

RJ Scaringe, best known for building electric vehicle maker Rivian, has launched a new robotics startup called Mind Robotics. The company recently raised a $500 million Series A funding round…

Bank of the Philippine Islands is testing artificial intelligence tools to assist with underwriting decisions for several types of loans, according to chief executive Jose Teodoro Limcaoco. The bank is…

Google has finalized its $32 billion acquisition of Wiz, marking the largest purchase in Google’s history and the biggest acquisition ever involving a venture-backed startup. The deal reflects growing demand…

ByteDance has paused plans to release its new AI video model globally following criticism from Hollywood studios, according to a report by The Information. The company had planned to launch…

The Giving Pledge, once a defining symbol of billionaire philanthropy, appears to be losing momentum as some wealthy tech leaders question whether the voluntary commitment still matters. Launched in 2010…

Apple said it will reduce its App Store commission rates in China following discussions with regulators, lowering the fee developers pay on certain digital purchases. The changes, announced Thursday, will…

The reboot of Digg has laid off a significant portion of its staff as the company struggles with large-scale bot activity that undermined its core community voting system. In a…

xAI is undergoing a major leadership reshuffle that has reduced the number of its original co-founders from 11 to two as the company reorganizes to compete with rival AI developers.…

Honda Motor has halted development of several electric vehicle programs, a move that reduces the company’s immediate presence in the EV segment while the global automotive industry continues shifting toward…

Meta Platforms is considering a round of layoffs that could affect more than 20% of its workforce, according to a report from Reuters. The potential cuts would represent one of…

The United States Army has signed a long-term enterprise contract with defense technology startup Anduril Industries that could be worth up to $20 billion. The agreement, announced late Friday, consolidates…