Author: nripn

SUMMARY Months after learning that Pine Labs was looking to go public, the fintech giant reportedly chose Axis Capital, Morgan Stanley, Citigroup, JP Morgan and Jefferies for its billion-dollar IPO. The company is expected to go public in the first half of FY26. There will be a secondary transaction worth $100 million (approximately INR 842.5 Cr), enabling the transfer of shares between existing investors and new venture capital firms, as part of the pre-funding. IPO. Months after learning that Pine Laboratories sought to make publicThe fintech major has reportedly chosen five investment banks as advisors for its $1 billion (approximately…

NVIDIA (NVDA) released third-quarter results after the bell Wednesday that beat expectations due to strong sales of its high-powered AI chips, fueling what its CEO Jensen Huang called “the era of ‘AI’. Nvidia, the world’s largest publicly traded company by market capitalization, reported earnings per share (EPS) of $0.81 on revenue of $35.1 billion. Analysts were expecting EPS of $0.74 on revenue of $33.2 billion. Nvidia also said it expects revenue of $37.5 billion, plus or minus 2%, for the fourth quarter. That’s just above Wall Street’s expectations of $37 billion. Nvidia’s stock price lurched Thursday morning, hitting an intraday…

We recently published a list of 15 AI news that investors are paying attention to. In this article, we’ll look at where Intel Corporation (NASDAQ:INTC) stands relative to other AI news that investors are paying attention to. The United States and China are engaged in a battle for AI supremacy and both countries are doubling down on AI to future-proof their economies. The latest reports from the Reuters news agency suggest that a US Congressional committee has proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as intelligent, or smarter, than humans. Learn more…

LOS ANGELES, November 18, 2024 (GLOBE NEWSWIRE) — FloQastaccounting transformation platform created by accountants for accountants, was honored today by the US FinTech Awards 2024 with the Best Employer Award. The Best Employer award recognizes companies that prioritize employee growth, well-being and community impact. These organizations provide strong professional development, foster a positive work environment through morale and health initiatives, create local employment opportunities, and engage in outreach to attract top talent. They are also recognized by third parties for their excellence as employers. “Receiving the Best Employer award at the 2024 US Fintech Awards is an incredible honor and…

Left to right: Jason Hoch, John Reed Stark P’27, Kunru Li ’25, Ben Narasin ’87, Peter Gordon MBA’96. (Photo: Nic Czarnecki/Babson) OneStream’s Kunru Li ’25 won the third annual Babson FinTech Startup Pitch competition and took home $2,000 in cash prizes for her fintech idea. OneStream is an integrated AI-powered platform that helps mid-sized banks improve end-user experience and transform their banking services. By seamlessly aggregating internal and external data in real-time, OneStream delivers actionable insights and personalized customer dashboards to support digital transformation. The undergraduate duo of Arshia Tadipatri ’26 and Aryan Shanker ’26 placed second and won $1,500…

It is almost impossible to read or listen to anything even remotely related to artificial intelligence (AI) and not find a reference to Nvidia. The company’s graphics processing unit (GPU) chipsets are perhaps the most important architectural element used in generative AI. You don’t believe me? Industry research suggests that Nvidia held 98% of GPU shipments over the past two years; Meanwhile, Jon Peddie Research estimates that Nvidia has 88% of the GPU market. With a stat line like this, is it fair to say that Nvidia is the better opportunity in AI? Maybe. Start your mornings smarter! Wake up…

TechCrunch founderByju, ousted by shareholders, insists he’s still CEOByju Raveendran, the founder of eponymous edtech group Byju’s, told employees Saturday that he continues to remain CEO of….24 February 2024

This is where Solvent.Life comes in, offering a powerful solution to these challenges. Through its proprietary Solvent GPT™ platform, the company provides real-time insights that enable traders and analysts to make informed decisions accurately and quickly. By processing massive data sets from a variety of sources, including historical records and CEO social media interactions, Solvent.Life transforms scattered, unstructured information into actionable insights. This innovation is particularly crucial for the analysis of insider trading, an area that is often obscure but rich in strategic potential.What sets them apart is their focus on solving specific market gaps. While major players like Bloomberg…

Vision 2030 propels Saudi Arabia to forefront of global investment, says Economy Minister RIYADH: Saudi Arabia has established itself as a global growth platform for investments, driven by the Kingdom’s Vision 2030 program, which has propelled the expansion of sectors like tourism, a senior minister said. Speaking at the Global Investment Conference in Riyadh, Saudi Minister of Economy and Planning Faisal Al-Ibrahim highlighted that evolving sectors like tourism play a crucial role in maintaining the dynamics of the Kingdom’s non-oil economy. The National Tourism Strategy, which initially targeted 100 million visitors per year by 2030, exceeded its target in 2023,…

For months, rumors persisted that Google, and perhaps others, were interested in purchasing HubSpot, a Boston-based CRM and marketing software company. HubSpot’s market capitalization exploded as the rumors persisted, eventually reaching over $30 billion. But this week, Bloomberg may have finally put an end to this madness by announcing that the parties separated without agreement. Several Boston-area investors were happy to see the company remain independent. As we wrote in Aprilthe deal didn’t seem to make sense. For starters, this market cap would mean that Google would pay the same amount for HubSpot as Salesforce paid for Slacka deal that…