Nikola Files for Bankruptcy as Financial Struggles Persist
Nikola filed for Chapter 11 bankruptcy due to financial and operational struggles. The company is seeking to sell assets quickly…
X Seeks $44 Billion Valuation in New Investment Talks
X is negotiating funding at a $44 billion valuation, matching its 2022 acquisition price. Advertisers, including Amazon and Apple, are…
Stacks Secures $10M to Automate Financial Close for Businesses
Stacks raised $10M in funding to improve financial close processes with AI. The platform integrates with ERP systems and automates…
Trustly CEO Expects Wider Adoption of Pay by Bank in U.S. Retail
Regulatory uncertainty affects open banking adoption in the U.S. financial sector. Consumer incentives, including loyalty programs, could drive interest in…
Eleven Dynamics Secures CHF 3.5M to Expand Smart Manufacturing Solutions
Eleven Dynamics raised CHF 3.5M to expand smart automation solutions for manufacturing. The company plans to enhance AI integration and…
Tether Co-Founder Supports New Stablecoin Project with Yield-Bearing Assets
Reeve Collins backs Pi Protocol, a stablecoin project offering yield-bearing features. The project will use smart contracts to mint USP…
BitGo Introduces OTC Trading Desk with Integrated Services
BitGo launched an OTC trading desk integrating trading, derivatives, lending, and custody. The platform facilitates instant settlement and reduces prefunding…
Judge Rules Against Blocking DOGE’s Access to Federal Data
A judge denied states’ request to block DOGE from accessing federal data. Elon Musk is an advisor to Trump but…
Luminance Secures $75 Million to Expand Legal AI Technology
Luminance secured $75 million to expand its AI-driven legal technology globally. The company plans to strengthen its U.S. presence and…
Eric Schmidt Funds $10 Million A.I. Safety Research Initiative
Eric Schmidt is funding a $10 million A.I. safety research program. The initiative supports academic studies on systemic risks in…
