Fintech news & updates

LG Electronics is collaborating with Microsoft to integrate AI technology into its consumer electronics, enhancing smart home capabilities and reflecting the growing trend of AI in everyday devices.

Qualcomm has unveiled new chips that enable personal computers to run advanced AI software, with prices starting at $600, marking a significant advancement in affordable AI technology for consumers.

MicroStrategy has purchased $101 million in Bitcoin, leveraging perpetual preferred stock, common shares, and debt to fund the acquisition, signaling its ongoing commitment to cryptocurrency investments.

SBI Holdings Inc. of Japan has agreed to acquire over 70% of Solaris SE, a German fintech, in a fundraising effort that will significantly reduce the company's valuation.

Gemini Trust Company has agreed to a $5 million civil penalty to resolve charges from the U.S. Commodity Futures Trading Commission related to misleading statements about its bitcoin futures contract from 2017.

Global venture capital investments increased by 5.4% to $368.5 billion in 2024, despite a 17% drop in deal count. AI deals accounted for a significant portion of the investment landscape, reflecting ongoing interest in the sector.

Nvidia has launched Agentic AI Blueprints, enabling enterprises to automate tasks through custom AI agents that can reason and analyze data. Collaborations with partners like Accenture aim to streamline AI integration across various industries.

Digital Edge DC, supported by Stonepeak Infrastructure Partners, has obtained $1 billion in loans to expand its data center operations across Asia, signaling significant investment in the region's tech infrastructure.

Fintech companies are significantly increasing their advertising budgets to attract a broader audience, making their presence felt in everyday environments like subways and airports with promotions for various financial services.

Accel has opted to keep its India fund at $650 million for its eighth vehicle, despite opportunities to raise larger amounts, as other venture firms pursue bigger capital pools.

Documents reveal that while the U.S. regulator cautioned banks about cryptocurrency, it did not mandate a cessation of services, contradicting claims of extensive 'debanking' in the sector.

Bench, a Canadian accounting startup, abruptly shut down on December 27, 2024, leaving thousands of customers and employees in chaos. After media attention, it was acquired by Employer.com, raising concerns about its future sustainability.