Salesforce pledges to invest $500M in generative AI startups

Showing it’s playing for keeps in the generative AI race, Salesforce today announced that it’s growing its Generative AI Fund, the part of the company’s Salesforce Ventures VC off-shoot... Read more »

Salesforce launches AI Cloud to bring models to the enterprise

Salesforce is launching a new suite of products aimed at bolstering its position in the ultra-competitive AI space. Called AI Cloud, the suite, which includes tools designed to deliver... Read more »

Navan takes a swipe at expense management startups with new Mastercard and Visa partnerships

Want more fintech news in your inbox? Sign up here. In recent years, a number of startups have made a business out of providing corporate credit cards to companies.... Read more »

Nasdaq to acquire financial services software company Adenza from Thoma Bravo for $10.5B

Nasdaq today revealed that it’s doling out $10.5 billion to acquire Adenza, a company that develops risk-management and related regulatory software for the financial services market. The megabucks deal,... Read more »

Percepto flies high with $67M for its industrial drones

Percepto, a drone startup that is building a sizable business with its software and hardware for industrial drone applications, is today announcing a big round of funding to take... Read more »

Former Samsung exec accused of stealing data to build copycat chip plant in China

A former executive of Samsung Electronics allegedly stole the memory chip juggernaut’s confidential semiconductor data to build a copycat chip facility in China, South Korean prosecutors said on Monday.... Read more »

London lures a16z’s first international office with ‘predictable’ crypto regs

US VC giant Andreessen Horowitz — which has about $35bn in assets under management — is to open its first (yes, the first) international office in London, led by... Read more »

Nigeria’s Termii to launch mobile app and scale customer engagement business with new funding

Nigerian communications platform-as-a-service startup Termii has raised $3.65 million in new financing, bringing its total funding to date to slightly $5 million. According to CEO Gbolade Emmanuel, in a... Read more »

HSBC rebrands, expands its SVB UK buy as HSBC Innovation Banking

Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new... Read more »

Djust is a new commerce platform focused exclusively on B2B transactions

Meet Djust, a French startup that essentially wants to build an e-commerce platform like Mirakl, but focused exclusively on business-to-business (B2B) activities. The company recently raised a $13 million... Read more »
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