Author: nripn

Waymo partners with Movean African mobility fintech that offers vehicle financing to construction workers, to manage the fleet management operations of its robotaxi service in Phoenix and, soon, Miami. This partnership marks several firsts. This will signal Waymo’s entry into Miami. And this is also the first time that Moove enters the American market and works with autonomous vehicles. Today, Moove operates in various cities across Africa, the Middle East, India, and the United Kingdom, and has raised over $400 million from backers like Mubadala Investment Company and BlackRock. Earlier this year, Moove scored $100 million in a funding round…

SUMMARY Startup Board of Directors approved grant of 29.9 Lakh stock options under ESOP 2024 Stock options are convertible into an equal number of equity shares of the company with a face value of INR 2 each. PB Fintech recently obtained approval to form a new healthcare-focused subsidiary Insurtech startup PB Fintech has expanded the pool size of its Employee Stock Exchange Plan (ESOP) with a new allocation of 29.9 Lakh stock options. In an exchange filing yesterday (December 4), the company said its board of directors has approved the grant of 29.9 Lakh stock options under the ESOP 2024…

By Sheila Dang (Reuters) – Elon Musk’s artificial intelligence startup xAI plans to expand its Memphis, Tennessee, supercomputer to house at least one million graphics processing units (GPUs), the company said on Wednesday. Greater Memphis Chamber, as xAI struggles to compete with rivals like OpenAI. The move represents a massive expansion for the supercomputer called Colossus, which currently has 100,000 GPUs to train xAI’s chatbot called Grok. As part of the expansion, Nvidia, which supplies the GPUs, as well as Dell and Super Micro, which assembled the server racks for the computer, will establish their operations in Memphis, the chamber…

Tanzanian fintech startup Tunzaa, which has developed an innovative payments API to process e-commerce transactions in installments, has secured funding from Warioba Ventures to help it scale. Tunzaa offers flexible installment options that make it easier for consumers to access products while promoting financial inclusion and economic empowerment. The platform inspires a savings culture by enabling consumers to save towards specific goals through fun incentives. The startup secured an undisclosed amount of funding from Warioba Ventures to help it scale. “This investment underscores our commitment to fostering solutions that address the unique challenges of African markets while creating a ripple…

Learn about technological advances in AI hardware during our LinkedIn Live webinar SANTA CLARA, California., December 4, 2024 /PRNewswire/ — Semiconductor company Achronixa leader in the field of FPGA-based hardware accelerators and high-performance eFPGA IPs, is excited to announce an upcoming LinkedIn Live webinar in collaboration with Google and Myrtle.ai and moderated by Alex Woodieeditor-in-chief – BIGDatawire. The demand for energy-efficient, high-performance hardware is reshaping AI inference as large language models (LLMs), like Llama3, continue to revolutionize natural language processing. Join us at the LinkedIn Live webinar “The Rise of FPGA-Accelerated LLMs” to learn the transformative role of FPGA acceleration…

Photo: Andrei Popov/Getty Images Washington State’s MultiCare Health System is the first health system to test a new generative AI tool to streamline calls mid-revenue cycle, according to AI technology company Xsolis. Technology is used to create and submit appeal letters, saving administrative time and ensuring health plan appeal deadlines are met. WHY IT IS IMPORTANT Ultimately, hospitals are reimbursed more quickly, Xsolis said. Streamlining documentation in the revenue cycle alleviates clinical burden and saves money. MultiCare Health System has partnered with Xsolis’ AI platform to improve operational and clinical efficiencies since 2017, increasing case review times by 150% and…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthHave you ever wondered how easy it has become to pay for a ride or order food through an app without taking out a card or cash?Not because it’s free, but because payments have been seamlessly integrated into the apps you use.This is integrated finance at work, and it’s quietly transforming the way we interact with money – without most of us even realizing it.Wait, what is embedded finance?If you’ve never heard of it integrated financeDon’t worry. You probably use it every day.Simply put, embedded finance is…

BondbloX (formerly BondEvalue) is a Singapore-based fintech company focused on the digitalization of bond markets. Unlike stocks, which have already been digitally disrupted, bonds have remained unchanged for decades, with private bank clients lacking access to live prices. They plan to use their deep domain expertise to level the playing field for these clients through the simplicity and convenience of an application to track and trade bonds electronically.

At the Singapore FinTech Festival (SFF) 2024, global internet and technology giant, Tencenthas pushed the boundaries of innovation in fintech and digital transformation with a host of commitments, partnership milestones and the unveiling of future-ready solutions. Joining thousands of attendees at the annual event, Tencent demonstrated how it draws on decades of consumer and enterprise technology expertise to collaborate with industry players, exploit financial sector opportunities and deliver solutions innovative businesses that drive sustainable growth for financial institutions and their ecosystem. partners in the region. “Building a resilient and agile infrastructure is essential for financial institutions looking to thrive in…

Free newsletterReceive the latest Swiss Fintech news once a month in your inboxDigital marketplaces and tokenizations represent a potential growth avenue for the rapidly evolving private credit market. According to a new report from S&P Global, tokenization, in particular, is poised to solve some of the underlying challenges inherent in private credit, while improving efficiency and enabling broader investor participation.The report, released in October 2024, explores how tokenization could unlock new opportunities in private credit by enabling fractional ownership on blockchain platforms, mitigating liquidity risks, and addressing operational inefficiencies that deter many investors.Private credit refers to a type of non-bank…